Industry

  • SK E&C and POSCO work on floating structure for offshore wind power generation
    SK E&C and POSCO work on floating structure for offshore wind power generation SEOUL -- SK Engineering and Construction joined hands with South Korea's leading steel group, POSCO, to develop a competitive floating structure for offshore wind power generation. With POSCO's high-performance steel, the builder will secure core technologies for the development of an independent model optimized for the domestic marine environment. A floating structure for offshore wind power generation must provide enough buoyance to support the weight of t April 8, 2021
  • Researchers set new record in conversion efficiency of perovskite solar cells
    Researchers set new record in conversion efficiency of perovskite solar cells SEOUL -- A team of researchers based in South Korea and Switzerland set a new record of 25.6 percent in the power conversion efficiency of perovskite solar cells by introducing an anion engineering concept that uses pseudo-halide anion formate to suppress anion-vacancy defects and augment crystallinity. A perovskite solar cell includes a perovskite structured compound as the light-harvesting active layer. The high absorption coefficient of perovskite solar cells enables ul April 6, 2021
  • SK E&C partners with domestic company to develop competitive solar energy platform
    SK E&C partners with domestic company to develop competitive solar energy platform SEOUL --SK E&C, a builder affiliated with South Korea's third-largest conglomerate, SK Group, will develop a competitive solar energy platform in cooperation with a domestic energy IT company that provides solar power solutions. SK E&C said it signed a memorandum of understanding with Solar Connect on April 1 for cooperation in renewable energy and RE100, a global initiative that brings together the world's most influential enterprises committed to using 10 April 2, 2021
  • Crude carrier built with noise reduction technology wins regulation certification from DNV
    Crude carrier built with noise reduction technology wins regulation certification from DNV SEOUL -- A 115,000-ton crude carrier built by South Korea's Hyundai shipbuilding group with underwater radiated noise reduction technology has received regulation certification from DNV, an accredited registrar and classification society based in Norway. The group said that its subsidiary, Hyundai Samho Heavy Industries, has delivered the crude carrier to an unidentified client. Regulation certification related to underwater rad March 31, 2021
  • Samsung shipyard wins $2.47 bln new order for 20 large container ships
    Samsung shipyard wins $2.47 bln new order for 20 large container ships SEOUL -- Samsung Heavy Industries has won a whopping new order worth 2.8 trillion won ($2.47 billion) from an unidentified client in the region of Panama to construct 20 15,000-TEU container ships. The shipbuilder hailed it as the largest single order in the world that demonstrated the company's strong market dominance. Samsung Heavy Industries (SHI) said in a regulatory filing on March 26 that the container ships installed with energy-saving device March 26, 2021
  • Hyundai shipyard unveils business road map to establish hydrogen value chain
    Hyundai shipyard unveils business road map to establish hydrogen value chain SEOUL -- South Korea's Hyundai shipbuilding group unveiled a new business roadmap to focus on eco-friendly ships and green energy. By 2030, the group aims to establish a hydrogen value chain that combines the infrastructure and technology competitiveness of affiliates to produce, transport, store and utilize hydrogen on land and sea. The roadmap came on the heels of efforts by major South Korean groups such as POSCO and SK Group to forge strategic alliances for the earl March 25, 2021
  • Hyundai shipyard ties up with sovereign wealth fund to acquire companies with high growth potential
    Hyundai shipyard ties up with sovereign wealth fund to acquire companies with high growth potential SEOUL -- South Korea's Hyundai shipbuilding group will actively push for the diversification of its business portfolio into artificial intelligence, robots and other new industries with the help of a domestic sovereign wealth fund to take over global companies with high growth potential. Hyundai Heavy Industries Holdings signed a memorandum of understanding with Korea Investment Corporation (KIC). "We hope this MOU will be the first step toward March 24, 2021
  • Hyundai shipyard works on vessel capable of transporting liquefied CO2
    Hyundai shipyard works on vessel capable of transporting liquefied CO2 SEOUL -- South Korea's Hyundai shipbuilding group will develop a vessel that can transport liquefied carbon dioxide from power plants and steel mills to storage facilities. The shipyard saw climate change as a new opportunity for its growth, citing a growing demand for negative emission technology to reduce greenhouse gases by capturing carbon. Hyundai Mipo Dockyard, a subsidiary of the shipbuilding group, said it would develop a cargo container system March 22, 2021
  • Daewoo shipyards rotor sail technology wins certification from classification society
    Daewoo shipyard's rotor sail technology wins certification from classification society SEOUL -- A rotor sail system developed by Daewoo Shipbuilding & Marine Engineering, a major shipbuilder in South Korea, has won certification from DNV, an international accredited registrar and classification society based in Norway. As the first domestic company to produce a rotor sail system, the shipbuilder vowed to gain an upper hand in global shipbuilding orders. When wind meets the spinning rotor sail, the airflow accelerat March 22, 2021
  • Hyundai shipyard sets up quantum cryptography communication to protect defense technology
    Hyundai shipyard sets up quantum cryptography communication to protect defense technology SEOUL -- Hyundai Heavy Industries has set up a pilot quantum cryptography network in the communication infrastructure of the world's largest shipyard in the southeastern port city of Ulsan to strengthen the security of its defense technology. The shipyard is a key defense contractor involved in the construction of destroyers and other warships. Hyundai Heavy Industries (HHI) has formed a consortium with KT, a major telecom company in South Korea, an March 17, 2021