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KEPCO Selected as Preferred Bidder for Nuclear Plant in UK

KEPCO Selected as Preferred Bidder for Nuclear Plant in UK

SEOUL, Dec. 6 (Korea Bizwire) – South Korea’s state-run utility firm Korea Electric Power Corp. was selected as the preferred bidder in a project to build a nuclear power plant in Britain, sources said Wednesday. Toshiba Corp., which has a 60 percent stake in the NuGen consortium in charge of building the nuclear power plant in Cumbria, northwest England, plans to announce soon that KEPCO has become the preferred bidder, according to industry insiders, who wanted to remain anonymous. Still, a KEPCO official said he is [...]

Hyundai Outpaces Samsung to Win KEPCO’s Property Auction Placing over $10 billion

Hyundai Outpaces Samsung to Win KEPCO’s Property Auction Placing over $10 billion

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, [...]

LG Uplus to Equip Its New IDC with Korea’s First “Intelligent Demand Response System”

LG Uplus to Equip Its New IDC with Korea’s First “Intelligent Demand Response System”

SEOUL, July 29 (Korea Bizwire) – LG Uplus said on July 28 that the Uplus P Center that it is building in Pyungchon, a town in the southern outskirts of Seoul, would be equipped with the intelligent demand response system, the first among the nation’s commercial Internet data centers. An intelligent demand response system is a system that [...]