SEOUL, Nov. 12 (Korea Bizwire) — Hyundai Motor officially announced that it is going to purchase 2,202,764 (1% in total) shares of common stocks and 652,019 (1%) shares of preferred stocks on November 11. It was nine years ago when Hyundai Motor purchased its own shares to support its stock price. In 2005 Hyundai had [...]
BARRE, VT, Oct. 30 (Korea Bizwire) — Northern Power Systems (www.northernpower.com) (TSX: NPS) has commissioned four of its NPS 100 wind turbines in South Korea’s newest and most advanced hybrid energy project, while working in close collaboration with the national grid operator Korean Electric Power Corporation (KEPCO), to ensure effective delivery of this hybrid microgrid. [...]
SEOUL, Sep. 25 (Korea Bizwire) – Visiting Canada from September 21 to 24, president and CEO Cho Hwan-ik of Korea Electric Power Corporation (KEPCO) signed a Memorandum of Understanding (MOU) with PowerStream to collaboratively advance into the microgrid market in North America. A microgrid is a small-scale power grid that can operate independently or in [...]
SEOUL, Sep. 18 (Korea Bizwire) – Hyundai Motor Group has won one of the most high-profile real estate auctions in South Korea’s history. Korea Electric Power Corp said today the winner for the site of KEPCO’s headquarters, which is estimated to be worth over 3.33 trillion won (US$3.22 billion), is Hyundai Motor Group, which, according to local reports and sources, [...]
SEOUL, Sep. 13 (Korea Bizwire) – According to the Cheongdo Task Force Team for Preventing the Construction of Electricity Transmission Towers, a police officer tried to bribe six Cheongdo residents who have fought against transmission towers to be built for about two years with a sum of money in the envelop on which there was [...]
SEOUL, Sep. 4 (Korea Bizwire) – The Korea Electric Power Corporation (KEPCO) knuckles down to turning 64 islands among 180 islands in Korea into archipelagos of creating self-reliance energy. In these islands populated by hundreds to thousands residents, diesel generators have produced electricity. Since demand for it is much less than cities, the cost of electricity [...]
The overseas operations of KEPCO has multiple advantages in that it can help the company reduce debt while bringing down the domestic electricity rates and creating high-paying jobs in overseas locations in which it does business. (image: Ramkumar/ Flickr) SEOUL, Aug. 12 (Korea Bizwire) — Korean Electric Power Corporation (KEPCO) announced that the net earnings for this [...]
SEOUL, July 12 (Korea Bizwire) – Korea Electric Power Corp. said on July 11 that it would set out pilot “big data” projects from this month. The two pilot projects involve setting up an energy consulting business based on advanced metering infrastructure (AMI) data and establishing a risk forecasting system based on analysis of social networking service [...]
SEOUL, June 17 (Korea Bizwire) – KEPCO will introduce small electric vehicles (EVs) for business purposes to encourage the usage of EVs by replacing old gasoline-fueled vehicles which are due replacing terms from this year. From introducing 30 EVs this year, the electric utility will bring in 225 vehicles in 2015-2016 and replace all the business [...]
Seoul, Korea, August 12 (Korea Bizwire) – The Korean Electric Power Corporation (KEPCO) announced that it received the Carbon Trust Standard certification. The certification ceremony was held on August 8 with a number of officials in attendance including Darran Messem, managing director of Carbon Trust Certification at Carbon Trust, and Jin Hong, chairman of the Korea Productivity Center. [...]