SEOUL/WASHINGTON, Jan. 17 (Korea Bizwire) — South Korea’s state-run Korea Hydro & Nuclear Power (KHNP) said Friday it has reached an agreement with U.S.-based Westinghouse over an intellectual property rights dispute and to join forces in the global nuclear energy market. “KHNP and Korea Electric Power Corp. (KEPCO) have agreed with U.S. Westinghouse to settle [...]
SEOUL, Jul. 23 (Korea Bizwire) — President Yoon Suk Yeol will send special envoys to the Czech Republic to discuss follow-up measures on the European country’s selection of a South Korean consortium as a preferred bidder for a nuclear power plant project, his office said Tuesday. Sung Tae-yoon, the presidential chief of staff for policy, [...]
SEOUL, Jun. 11 (Korea Bizwire) — The state-run Korea Hydro & Nuclear Power Co. (KHNP) said Tuesday it has begun the construction of a tritium removal facility for a nuclear power plant in Romania. KHNP won the 260 billion-won (US$188 million) project last year at the Cernavoda Nuclear Power Plant, some 170 kilometers east of [...]
SEOUL, Jan. 26 (Korea Bizwire) — In the quiet town of Miryang, South Korea, a determined group of elderly women, colloquially known as the “Miryang Grandmothers,” have become synonymous with a relentless campaign against the construction of power transmission towers. This year marks the 19th anniversary of their struggle, which began in 2005 when the government [...]
SEOUL, Sept. 14 (Korea Bizwire) — Hyundai Engineering & Construction Co. (Hyundai E&C) said Thursday it has signed a series of partnership deals with Polish institutions and builders in an effort to tap the country’s nuclear power and infrastructure markets. Hyundai E&C, South Korea’s No. 2 builder, said it inked a memorandum of understanding (MOU) [...]
SEOUL, July 28 (Korea Bizwire) — Daewoo Engineering & Construction Co. and SK ecoplant Co., two major builders in South Korea, said Thursday they have signed a memorandum of understanding to enhance cooperation on nuclear power plant projects. According to the terms of the MOU, the two parties will exchange technology and personnel. They will [...]
SEOUL, Sept. 21 (Korea Bizwire) — South Korea has made it official that nuclear energy will be included in the list of government-labeled green economic activities despite opposition from environmental activists. The environment ministry on Tuesday released a draft revision to the national green taxonomy guideline. The classification system was first announced in December by [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korea seeks to expand its generation of nuclear power to nearly 33 percent of its total energy creation by 2030 in a move to boost energy security and to better meet net-zero goals, the industry ministry said Tuesday. Under the blueprint for the country’s electricity supply through 2036, [...]
SEOUL, July 12 (Korea Bizwire) — The industry ministry vowed Tuesday to provide companies in the nuclear power industry with work worth 130 billion won (US$99.04 million) this year in an effort to rebuild the sector and expand nuclear power generation. The work to be provided this year will be meant to improve related facilities [...]
SEOUL, Dec. 28 (Korea Bizwire) — South Korea said Monday it will gradually diversify its energy mix by using more sustainable sources, such as solar power, and scale back the use of coal and nuclear power, in line with the country’s goal to achieve zero carbon emissions by 2050. Under the ninth basic plan on [...]