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Hyosung Group’s Market Cap Soars 70% on the Back of Hydrogen Economy
Their prices jumped sharply as the chemical market entered a perfect upward cycle and Hyosung Group expanded its business to the environmental sector, especiall…
Electric Vehicle Battery
South Korean EV Battery Makers Losing Market Share to CATL and BYD
The market share of LG Energy Solution fell from 26.6 percent in one year, although the usage of its batteries increased from 3.3 GWh to 4.9 GWh.
LNG
Korean GS Energy to Build LNG Power Plants in Vietnam
The two power plants are estimated to be completed by 2026 and 2027.
Nuclear Power Plant
Egypt's Petrojet Inks Teaming Deal With Korean Nuclear Companies
Petrojet, KHNP, Kepco E&C, Hyundai E&C and Doosan are expected to form a united team to create synergy by combining their strengths for the El Dabaa NPP
Nuclear Power Plant
Doosan Heavy Industries & Construction Ships Containers for Spent Nuclear Fuel to the U.S.
Doosan Heavy Industries & Construction announced on March 25 that it has recently supplied five sets of vertical concrete casks to TMI Nuclear Power Plant on Th…
Coal Mine
New Coalfield Discovered in North Korea
A coalfield with an estimated deposit of dozens of millions of tons has recently been found in the northern part of South Phyongan Province in the Democratic Pe…
Rosatom
Russia’s State Run Nuclear Energy Firm Buys 49% Stake in Korean Lithium-ion Battery Maker
A subsidiary of Russian state-controlled nuclear energy firm Rosatom has taken a 49% share of Enertech International, a South Korean manufacturer of electrodes,…
Energy Storage System
LG Electronics to Supply Commercial ESS in Hawaii
LG Electronics Inc. said Wednesday it will supply a commercial energy storage system in Hawaii as the South Korean tech giant eyes to expand overseas sales of e…
Hydrogen Transport
S. Korea to Build 2 Hydrogen Repository Facilities
South Korea said Tuesday it plans to build two facilities that collect by-product hydrogen and transport the resource in an effort to further boost the country…
Nuclear Power Plant
KHNP and ENEC Expand APR1400 Cooperation
South Korea's first APR1400 unit entered commercial operation in December 2015, while four such reactors are due to start up in the UAE by 2023.
Hydrogen Fuel Cell Vehicle
Popularity of Hydrogen Cars Surges in Chuncheon
The expansion of hydrogen infrastructure in Chuncheon, Gangwon Province is boosting the adoption of hydrogen vehicles.
Offshore Wind Power
Jeju on Track to Commercialize Offshore Wind Power Systems
The provincial government of Jeju Island is driving forward with plans to commercialize floating-type offshore wind power systems and existing gas stations into…
Electricity Reform
Coal Plant Restriction to Reform S Korea’s Power Market
The South Korean government is considering an annual cap on coal-fired generation from 2022 and a new spot and forward auction system to enable utilities to bid…
Hydrogen Project
Origin Energy, POSCO Ink Green Hydrogen Deal
Origin Energy today (18th March) said it has signed a deal with one of Korea’s largest steelmakers, POSCO, to cooperate on producing and supplying green hydrog…
Wind Farm
Acciona and Korea Zinc to Build MacIntyre Wind Farm in Queensland, Australia
The international metallurgical group will own 30% of ACCIONA’s largest wind farm.
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