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Korea
Carbon Neutral
South Korea Vows to Go Carbon Neutral by 2050 to Fight Climate Emergency
South Korea relies on coal for about 40% of its electricity generation, with renewables making up less than 6%.
South Korea
KSOE Receives Order for up to Four LNG Carriers
Korean Shipbuilding & Offshore Engineering has secured a building order for two 174,000m³ LNG carriers, with options for another pair.
Hydrogen Fuel Cell Vehicle
South Korea Expands Electric and H2 Stations for Cars
The South Korean government has just unveiled a plan to greatly increase the number of battery-electric and hydrogen fuel cell car charging and refuelling stati…
Electric Vehicle Battery
China and Japan Ahead of Korea in EV Battery Materials
Korea’s three major electric vehicle battery makers -- LG Chem, Samsung SDI and SK Innovation -- are expanding their presence in the global EV battery market. …
Nuclear Technology
South Korea to Test Decontamination Technology at Chernobyl
The Chernobyl nuclear power plant in Ukraine is to become a "testing ground" for South Korean technologies for the treatment of radioactively contaminated mater…
Carbon Neutral
S.Korea to Reach Net Zero Emissions by 2050
According to the World Bank, in 2019, Korea ranked as the world's 12th largest economy. As of 2019, it is also the world's seventh largest emitter.
South Korea
Hyundai Glovis to Develop World's First Liquefied Hydrogen Carrier
Hyundai Glovis has begun developing a large liquefied hydrogen carrier in cooperation with Hyundai Heavy Industries Group.
Floating Offshore Wind
DNV GL Forms Floating Pact with Korean Engineers
Agreement with Samsung Heavy Industries to develop foundations and remote maintenance technology.
Oil & Gas Trade
South Korea Increasing LNG Imports from the United States
The United States’ LNG exports hit an all-time high with a year-on-year increase of 40.1 percent. South Korea, the largest importer, increased its imports by 2…
Electric Vehicle Battery
LG Chem to Produce New EV Batteries for Tesla
LG Chem's share price gained 3.57 percent on Oct. 22 when Tesla announced earnings which exceeded market expectations.
Coal-Fired Power Plants
European Investment Firms Opposed to Coal Power Plant Construction in Vietnam
A total of 20 global investment firms sent an official letter to Korea Electric Power Corp. (KEPCO) and Samsung C&T on Oct. 21 in order to object to their coal-…
Coal Trade
Mechel Signs Long-Term Coal Supply Contract with STX Corp
STX Corp., One of South Korea’s major universal trading companies active in Asia Pacific.
Oil & Gas Trade
India Allows UAE's ADNOC to Export Oil from Strategic Reserve
Allowing ADNOC to export its oil mirrors a model adopted by countries such as Japan and South Korea which allow oil producers to re-export crude storage. India …
Hydrogen Fuel Cell
Doosan and Ceres Power Sign South Korea Fuel Cell Deal
Electrochemical company Ceres Power and Doosan Fuel Cell have signed a deal to build an initial 50MW fuel cell stack manufacturing facility in South Korea.
EV Market
Imported EV Sales Surge 8.5 Times in Korea in 2020
A total of 13,261 imported electric vehicles were sold in Korea in the first nine months of 2020, said the Korea Automobile Importers and Distributors Associati…
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