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S. Korea Will Be “Nuclear Free” in 65 Years, about 60 Years Behind Germany, Taiwan, Belgium

S. Korea Will Be “Nuclear Free” in 65 Years, about 60 Years Behind Germany, Taiwan, Belgium

SEOUL, Aug. 18 (Korea Bizwire) – Remarks made by President Moon that the nation will only be nuclear power free in “at least 60 years” at a presidential press conference yesterday has garnered comparisons between South Korea’s nuclear power deactivation policy and other nations. Held to mark his 100th day in office, President Moon expressed [...]

S. Korean Firms Celebrate Power Plant Completion in Chile

S. Korean Firms Celebrate Power Plant Completion in Chile

SEOUL, May 29 (Korea Bizwire) — A South Korean consortium has held a ceremony to mark the completion of a gas-fired combined cycle plant in Antofagasta, Chile, that will supply electricity to BHP Billiton Ltd.’s copper mine. Samsung Engineering Co., a construction unit of Samsung Group, celebrated the opening of the 517 megawatt plant Friday [...]

President Orders Temporary Shutdown of Aged Power Plants to Reduce Fine Dust

President Orders Temporary Shutdown of Aged Power Plants to Reduce Fine Dust

SEOUL, May 16 (Korea Bizwire) – President Moon Jae-in ordered a temporary shutdown of aged coal power plants Monday in an unprecedented move to fight air pollution. Under the order, eight coal fired thermal power plants that are aged 30 years or older will be closed for 30 days starting June 1, according to the [...]

Doosan Heavy Bags 300 Bln-Won Deal to Upgrade Indonesian Power Plant

Doosan Heavy Bags 300 Bln-Won Deal to Upgrade Indonesian Power Plant

SEOUL, March 14 (Korea Bizwire) – Doosan Heavy Industries & Construction Co., South Korea’s top power equipment maker, said Tuesday that it has bagged a 300 billion-won (US$262 million) deal to upgrade an existing power plant in Indonesia.  Under the deal with the state-run Indonesian PLN, Doosan Heavy and a state-run Indonesian construction firm will [...]

S. Korea to Map out Comprehensive Plan for Safety of Energy Facilities

S. Korea to Map out Comprehensive Plan for Safety of Energy Facilities

SEJONG, Sept. 23 (Korea Bizwire) – South Korea will map out a comprehensive plan to strengthen the safety measures of the country’s energy facilities by the end of this year following last week’s strongest earthquake that jolted the nation, the ministry here said Friday. An advisory committee comprised of experts from various fields, including geology [...]

Quake Triggers Safety Concerns, Halting Production Facilities

Quake Triggers Safety Concerns, Halting Production Facilities

SEOUL, Sept. 13 (Korea Bizwire) – A number of South Korean businesses were forced to halt their production and assembly lines for safety inspections Tuesday, one day after a powerful quake rocked the country.  Nearly a dozen major industrial facilities, including a power plant, had their operations halted after a 5.8-magnitude earthquake jolted the nation, [...]