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 [...]
SEOUL, Dec. 26 (Korea Bizwire) — The Seoul Metropolitan Government announced on December 25 that it has developed standard installation costs for five major renewable energy facilities in collaboration with the Korea Electric Association and Korea Electrical Contractors Association. The five major facilities include household solar systems, electric car chargers, solar and wind powered street [...]
SEOUL, Nov. 26 (Korea Bizwire) – With an increasing number of global corporations including Google, Apple and General Motors pledging support for RE100, a “global initiative uniting more than 100 influential businesses committed to 100 percent renewable electricity,” not a single South Korean company has yet to join the initiative. The initiative, which is led [...]
GUNSAN, Nov. 16 (Korea Bizwire) — A reservoir on the south bank of the Geum River has stayed idle except when it stores heavy rain to prevent flooding in the nearby industrial complex in Gunsan, a southwestern port city. The coastal reservoir has recently found a new role: The nation’s largest floating solar farm was [...]
SEOUL, Oct. 17 (Korea Bizwire) — The ruling party and its opposition clashed once again regarding President Moon Jae-in’s “nuclear power phase out” plan during the national audit regarding the issue by lawmakers within the National Assembly’s Trade, Industry, Energy, SMEs, and Startups Committee. Ruling party lawmakers lauded President Moon’s policy on phasing out nuclear [...]
SEOUL, Sept. 17 (Korea Bizwire) — More than eight in 10 South Koreans favor the increased use of renewable energy on the grounds that it is clean and inexhaustible, a poll showed Monday. According to the survey of 1,003 South Koreans across the nation, 86.2 percent of respondents said they are in favor of the [...]
SEOUL, Sept. 12 (Korea Bizwire) — South Korea will draw up a comprehensive road map on developing the hydrogen industry by the end of the year to foster the emerging sector and reduce air pollutants, the industry ministry said Wednesday. The Ministry of Trade, Industry and Energy said it will set policy goals for hydrogen [...]
SEOUL, Jul. 18 (Korea Bizwire) – The use of energy storage systems (ESS) to better manage energy increased significantly in the first half of the year, according to the Ministry of Trade, Industry and Energy (MOTIE). The use of ESS, which store energy during hours when much electricity supply exceeds demand, increased 20-fold compared to [...]
SEOUL, Jul. 16 (Korea Bizwire) – The volume of electricity generated from renewable energy jumped more than 20 percent on-year in 2017 to touch a record high, industry data showed Monday. Asia’s fourth-largest economy saw the trading value of power generated from renewable energy come to 2.05 trillion won (US$1.82 billion) last year, up 20.1 [...]