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Energy Economy
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.
Nuclear Power
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
Hydrogen
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
Hydrogen
Popularity of Hydrogen Cars Surges in Chuncheon
The expansion of hydrogen infrastructure in Chuncheon, Gangwon Province is boosting the adoption of hydrogen vehicles.
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
Policy & Regulation
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
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
Coal
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.
Solar
Hanwha Q Cells Secures 300 MW Order for 2.1 GW Floating Complex in South Korea
The Korean manufacturer was chosen as a preferred bidder for a portion of the Saemangeum solar complex. The company will likely supply its special panels for fl
Coal
South Korean Coal Imports Rebound in February
South Korean thermal coal imports rose in February, supported by utility restocking and greater Australian supply.
New Energy Vehicles
Samsung SDI Increasing Investment for Better Batteries
Samsung SDI invested a record high of 808.3 billion won in R&D last year.
Energy Economy
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
SK Group to Build World's Largest Liquefied Hydrogen Plant
SK Group plans to build a hydrogen ecosystem by investing 18 trillion won over the next five years.
Oil & Gas
S.Korea's Feb Crude Oil Imports Slide 14.7% y/y - Preliminary Data
South Korea's February crude oil imports fell 14.7% to 73.6 million barrels from a year earlier, preliminary data from the Ministry of Trade, Industry and Energ
Nuclear Power
Licence Extension for South Korea’s Shin Hanul NPP does not Mean New Units will be Built
However, the extension of the licence does not mean that construction of the two reactors will go ahead.
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