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Coal Trade
Seoul to Strengthen NDC, Suspend Foreign Coal Financing
South Korean president Moon Jae-In has declared Seoul's intention to strengthen its NDCs and to suspend all public financing for new coal plant projects abroad …
Coal-Fired Power Plants
Seoul Requests Voluntary Cut from State Coal Plants
The South Korean government has asked state-owned Kepco utilities to voluntarily restrict its use of coal in April-November to limit overall emissions, sources …
LNG Carrier
Hyundai Heavy Receives Order for Three LNG Carriers
South Korean shipbuilder Hyundai Heavy Industries has taken an order for three LNG carriers, with delivery scheduled by July 2024.
Coal Price
South Korean Coal Prices Ease
Thermal coal prices for South Korea softened this week, as Australian fob prices came under pressure from a weaker demand outlook in India and Japan.
Gas turbine engine
United States Targeting Energy Sector of South Korea
The United States is showing nationalism in the energy industry as well as semiconductor by making an issue of the South Korean government’s gas turbine compet…
Nuclear Power Plant
South Korean Nuclear Reactor Returns from Outage
South Korea's 950MW Hanul 1 nuclear reactor is ramping up following its second unplanned outage in quick succession.
Carbon Neutral
Shipbuilding Companies to Pursue Carbon Neutrality
The top six South Korean shipbuilding companies organized their carbon neutrality committee on April 8 and made a joint declaration to achieve carbon neutrality…
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.
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…
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…
Coal Production
South Korean Coal Market Retreats Amid Warmer Spring
The South Korean coal market edged lower this week as forecasts of a warmer spring across northeast Asia weighed on the near-term demand outlook.
Thermal Coal
South Korean Coal Imports Rebound in February
South Korean thermal coal imports rose in February, supported by utility restocking and greater Australian supply.
Energy Storage Battery
Rosatom Subsidiary Acquires 49% Stake in Korean Power Storage Company
RENERA LLC, Rosatom’s integrator company for the energy storage business has finalized the deal to acquire 49% share of Enertech International Inc, a South Kor…
Hydrogen Fuel Cell
Korea's SK Group Wraps up USD-1.6bn Investment in Plug Power
South Korean industrial conglomerate SK Group has finalised its USD-1.6-billion capital investment in US fuel cell systems provider Plug Power Inc as part of a …
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