SEJONG, Oct. 4 (Korea Bizwire) — After looking for a perfect place for her family for years, Cho Yeoun-hoa and her family moved in April from an apartment where her daughter couldn’t play the cello at night to a stand-alone house in the country’s administrative city of Sejong that also happened to be solar-powered. The [...]
SEOUL, Sept. 9 (Korea Bizwire) — Hyundai Motor Group, South Korea’s top automotive group, said Monday it plans to enter the renewable energy market along with local solar energy firm OCI Co. Under the memorandum of understanding (MOU), Hyundai Motor will install energy storage systems (ESS) at OCI’s solar power stations in South Korea and [...]
YEONGDONG, Sept. 5 (Korea Bizwire) – A series of court rulings have been made indicating that local governments are justified in disallowing solar power facilities that are recklessly installed amid the renewable energy craze. On June 29, the Supreme Court rejected an appeal filed by a solar power company against Yeongdong County, North Chungcheong Province, [...]
SEOUL, Aug. 29 (Korea Bizwire) — Orsted A/S, the world’s largest offshore wind power producer, said Thursday it is seeking business opportunities in South Korea following the country’s plan to go green in power generation. The Danish state-run energy firm said it has recently completed the establishment of its Korean branch following South Korea’s announcement [...]
SEOUL, Jul. 18 (Korea Bizwire) — The installed capacity of solar and wind power rose 52 percent on-year in the first half of this year, leading the growth of renewable energy. Solar energy and wind power accounted for 92.6 percent of the total supply of renewable energy in the first half of the year, the [...]
SEOUL, Jun. 10 (Korea Bizwire) – The government plans to cut subsidies given to Solid Refuse Fuel (SRF) in which plastic waste is burned to generate heat or electricity. The Ministry of Trade, Industry and Energy said on Sunday that any plants or incineration facilities that use non-renewable SRF will be cut off from receiving Renewable [...]
SEOUL, Jun. 4 (Korea Bizwire) — South Korea on Tuesday reaffirmed its strong commitment toward reduced dependency on conventional energy sources, such as coal, and more environment-friendly sources. The country’s new energy policy roadmap, proposed in April, was approved at the Cabinet meeting, according to the Ministry of Trade, Industry, and Energy. South Korea’s energy [...]
SEOUL, Apr. 19 (Korea Bizwire) — South Korea’s industry ministry said Friday it will significantly cut the country’s dependency on conventional energy sources, such as coal, and move toward environment-friendly resources for sustainable growth. During the public hearing for a draft of the country’s energy master plan, the Ministry of Trade, Industry, and Energy said [...]
SEOUL, Apr. 17 (Korea Bizwire) — The South Korean government on Wednesday unveiled a blueprint to build up the nuclear decommissioning industry, with the aim of becoming one of the top five global players in the field by the mid-2030s. The Ministry of Trade, Industry and Energy said the goal is to account for 10 [...]
SEOUL, Apr. 4 (Korea Bizwire) — South Korea’s industry ministry said Thursday it will speed up the development of renewable energy and encourage more businesses to utilize power produced from sustainable sources such as sunlight and wind. The Ministry of Trade, Industry and Energy announced earlier it plans to have renewable energy account for 20 [...]