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Crude Oil
GS Caltex to Import 2 Million Barrels of Carbon Neutral Oil
GS Caltex will introduce two million barrels of carbon-neutral crude oil certified as carbon-neutral crude oil from Lundin Energy, a Swedish energy company.
Electric Car
Kia to Expand Sales of Electric Vehicles in Europe with Uber
Kia and Uber have signed a partnership that offers purchase benefits for Kia's electric cars such as Niro EV to Uber drivers in Europe
Energy Storage Battery
LG Energy Solution's New TR1300 Operational At World's Largest Utility-Scale Battery Energy Storage Project
LG Energy Solution, South Korea's leading manufacturer of advanced lithium-ion batteries, recently supplied Vistra's Moss Landing Energy Storage Facility with i…
Nuclear Power Plant
KAERI and Samsung Heavy to Develop Nuclear Powered Ships
The Korea Atomic Energy Research Institute President Won-Seok Park) and Samsung Heavy Industries CEO Jin-Taek Jeong are cooperating to develop a carbon-free nuc…
Coal Trade
South Korean Coal Imports Drop in May
Competitive gas prices and coal-fired plant restrictions trimmed South Korean thermal coal imports on the year in May, although receipts from Australia are at a…
Nuclear Power Plant
Samsung Heavy Industries to Develop Offshore Nuclear Plant Technology
Samsung Heavy Industries will start to develop offshore floating nuclear power plant technology, which is emerging as a zero carbon energy source.
Hydrogen Project
Hyundai Motor, SK, POSCO and Hyosung Collaborating in Hydrogen Industry
Hyundai Motor Group chairman Chung Eui-sun, SK Group chairman Chey Tae-won, POSCO Group chairman Choi Jung-woo and Hyosung Group chairman Cho Hyun-joon gathered…
Gas Turbine
South Korea Eyes First Hydrogen Gas Turbine Demonstration in 2027
Stepping up efforts to develop a hydrogen gas turbine, Doosan Heavy Industries & Construction and a consortium of partners will begin South Korea’s first large…
Nuclear Power Plant
Czech Republic to Rule Russia and China Out of Nuclear Power Plant Construction Project
South Korea’s chance to win a nuclear power plant construction project in the Czech Republic has increased as Russia and China are likely to be ruled out.
South Korea
Doosan Wins 100MW Korean Offshore Turbine Deal
Company will supply 18 5.56MW machines for the Jeju Hallim project
Natural Gas
South Korea to Raise Natural Gas Inventory Requirements
South Korea's state-controlled gas importer Kogas will be required to hold natural gas inventories equivalent to nine days of demand from October, up from seven…
Oil Refinery
Oil Refiners to Begin Olefin Business in 2nd Half of 2021
GS Caltex and Hyundai Oilbank will start operating their olefin facilities in the second half of 2021, signaling a big change in the petrochemical industry.
Hydrogen Project
Ørsted and POSCO Sign MoU to Strengthen Collaboration on Offshore Wind Energy and Renewable Hydrogen in Korea
Ørsted, the world’s most sustainable energy company, and POSCO Group, one of the largest conglomerates in Korea, today announced the signing of a MoU to expan…
Electric Car
Hyundai Aims to Sell One Million EVs per year by 2025
The move will result in a 50% reduction in models powered by fossil fuels, one of the people said, adding the strategy was approved by top management in March
Nuclear Power Plant
South Korea and United States to Cooperate in Nuclear Power Industry
U.S. President Joe Biden and South Korean President Moon Jae-in released a joint statement on May 21 and declared that they would cooperate in the global nuclea…
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