SEOUL, May 25 (Korea Bizwire) – The Korea Electric Power Corporation (KEPCO) is participating in Dubai’s efforts to transform into a smart-energy city. KEPCO and DEWA (the Dubai Electricity and Water Authority) held a groundbreaking ceremony on May 24 for the pilot phase of a smart grid station (SGS) project, at DEWA’s vehicle workshop in [...]
SEJONG, Dec. 14 (Korea Bizwire) – South Korea’s state-controlled electric utility company on Monday said it has inked a deal to build and operate a wind power plant in Jordan. The US$510 million agreement calls for Korea Electric Power Corp. (KEPCO) to build the 89.1 megawatt Fujeij wind farm in the Middle Eastern country. The [...]
SEJONG, Oct. 29 (Korea Bizwire) — South Korea’s state-run power monopoly said Thursday that it has inked a smart grid system deal with Dubai that can lead to more business opportunities down the road. The US$3 million agreement with Dubai Electricity & Water Authority (DEWA) signed in the United Arab Emirates is the first smart [...]
SEJONG, Oct. 16 (Korea Bizwire) — South Korea’s state-run power monopoly said Friday that it has reached an agreement with Maryland to work together on the development of the new energy sector. The memorandum of understanding (MOU) signed in Annapolis on Thursday calls for the forging of close ties in such areas as smart grids, [...]
SEJONG/GWANGJU, Oct. 15 (Korea Bizwire) — The first international power technology exposition in South Korea is expected to fuel exports and expand cooperative tieups between energy sector operators, the state power monopoly said Thursday. The Bitgaram International Exposition of Electric Technology (BIXPO), which ran from Monday through Wednesday in the city of Gwangju, 330 kilometers [...]
DAEGU, Sept. 8 (Korea Bizwire) – In 2020, Ulleung Island will become the world largest eco-friendly, carbon-free energy island. According to an announcement from North Gyeongsang Province on September 8, a special purpose corporation will be established to turn the 72.5-square-kilometer island in the East Sea into an energy independent island with renewable energy sources. The [...]
SEOUL, June 3 (Korea Bizwire) – Hyundai Motor, a bellwether for Korea’s economy along with Samsung Electronics, saw its stock price collapse more than 10 percent to its lowest level in 57 months on June 2. Shares of the company, the fifth largest automaker in the world, tumbled 10.36 percent to 138,500 won (US$125.3), their [...]
SEOUL, May 28 (Korea Bizwire) – Affected by the low yen, Hyundai Motor, the largest automaker in Korea, lost its No. 2 position in the KOSPI market in terms of market capitalization to SK Hynix. On May 27, shares of the top automaker fell 1.88 percent to 157,000 won from a day earlier, shrinking its market [...]
SEJONG, Apr. 30 (Korea Bizwire) — South Korea’s state-run power company said Thursday it has completed construction of the world’s largest diesel power plant in Amman, which is expected to generate some US$3.2 billion in sales over the next 25 years. The new power plant in the capital of Jordan has a maximum generation capacity [...]
SEOUL, April 3 (Korea Bizwire) – Among the top 30 Korean companies in terms of revenue, the average length of service of SK Energy employees was longest at 20.3 years. SK Energy was the only company whose workers serve more than 20 years on average. According to Saramin, a job recruiting portal in Korea, among [...]