utilization Archives | Be Korea-savvy

Top Battery Makers Struggle with Low Factory Utilization Amid EV Demand Slowdown

SEOUL, Aug. 16 (Korea Bizwire) — South Korea’s three major battery manufacturers — LG Energy Solution, Samsung SDI, and SK On — are grappling with declining factory utilization rates, reflecting the broader global slowdown in electric vehicle (EV) demand known as the “EV chasm.” According to semiannual filings released on August 15, LG Energy Solution [...]

Nuclear Plant Utilization Rate Falls to 37-year Low in 2018

SEOUL, Feb. 6 (Korea Bizwire) — South Korea’s nuclear power utilization rate fell to a 37-year low in 2018 amid efforts to reduce the country’s dependence on the energy source, official data showed Wednesday. Korea Hydro & Nuclear Power Co. (KHNP), the public company charged with operating atomic energy production, said use of fission power [...]