Industry

  • KHNP consortium makes strategic investment in U.S. wind farms
    KHNP consortium makes strategic investment in U.S. wind farms SEOUL -- A South Korean consortium led by Korea Hydro & Nuclear Power (KHNP), the state-run operator of nuclear power plants, made a strategic investment in four U.S. wind farms. KHNP saw the wind farms as safe assets that can generate stable investment returns, citing long-term contracts with U.S. power buyers as well as management and operation by global companies. KHNP said it has formed a consortium with South Korean investment firms including Alpha, Sprott Korea, H September 2, 2020
  • Researchers develop highly efficient, transparent solar module
    Researchers develop highly efficient, transparent solar module SEOUL -- A state-sponsored research body in South Korea claimed to have achieved a breakthrough in transparent solar photovoltaic technologies by developing a highly efficient solar module that can be applied to windows, soundproof walls, and electric car sunroofs. The Korea Electronics Technology Institute (KETI) said it has developed a transparent luminescent solar component (LSC) module. Researchers have tried to develop transparent LSCs that can be placed on the glass t August 27, 2020
  • Hyundai shipbuilding group builds LNG-powered large container ship
    Hyundai shipbuilding group builds LNG-powered large container ship SEOUL -- South Korea's Hyundai shipbuilding group has completed the construction of a very large container ship powered by natural gas for Eastern Pacific Shipping (EPS), a ship management company headquartered in Singapore. The 14,800 TEU container ship built by Hyundai Samho Heavy Industries, a unit of the shipbuilding group, will be delivered on September 15. TEU is based on the volume of a 20-foot-long (6.1 m) intermodal container, a stand August 24, 2020
  • SK E&C develops window-type solar power generating system for first time in S. Korea
    SK E&C develops window-type solar power generating system for first time in S. Korea SEOUL -- SK Engineering & Construction, the infrastructure-building wing of South Korea's SK Group, has developed a window-type solar power generation system that can be installed on windows of apartment and office buildings. It comes with an electricity distribution system that can send stored electricity back into homes and offices. SK E&C said in a statement on August 18 that its new solar power generating system used film-type solar panels that are up August 18, 2020
  • POSCO Energy demonstrates plasma treatment to reduce NOx at LNG power plant
    POSCO Energy demonstrates plasma treatment to reduce NOx at LNG power plant SEOUL -- Natural gas is considered a relatively clean fuel. Nonetheless, the usage of natural gas still leads to emissions of hazardous pollutants such as nitrogen oxides. POSCO Energy, an energy producer in South Korea, will adopt a new technology utilizing plasma to reduce harmful gas emissions at its liquefied natural gas power combined power plant. Plasma treatment for the reduction of nitrogen oxides (NOx) has been developed by the state-run Korea Institute o August 13, 2020
  • LS Electric leads energy project to recycle unused energy from city gas facilities
    LS Electric leads energy project to recycle unused energy from city gas facilities SEOUL -- Unused energy is wasted once it is used, but it can be utilized as useful energy resources. Among them, the potential utilization of unused energy from facilities that lower pressure before sending city gas to households is drawing attention in South Korea, which is limited in renewable energy sources. LS Electric, a power system and automation company, teamed up with Doosan Fuel Cell, Hanwha asset Management and Hanwha Power Systems, an energy equipment co August 13, 2020
  • Doosan Heavy wins $185 mln order to build waste-to-energy plant in Poland
    Doosan Heavy wins $185 mln order to build waste-to-energy plant in Poland SEOUL -- Doosan Heavy Industries & Construction, a key contractor in South Korea's energy industry, has clinched a deal worth 220 billion won ($185 million) to build a new waste-to-energy plant at Olsztyn, Poland, that will convert residual waste into energy. Doosan Heavy formed a consortium with its Germany subsidiary Doosan Lentjes, formerly known as AE&E Lentjes, to win the order from Dobra Energia, a special purpose company involved in a August 12, 2020
  • ​S. Koreas defense agency to promote research of non-weapon core technologies
    ​S. Korea's defense agency to promote research of non-weapon core technologies SEOUL -- South Korea's state body controlled by the Defense Ministry has revised work guidelines to promote the development of non-weapon core technologies such as artificial intelligence and quantum computing through the more active participation of academic and industrial sectors participate in short and long term defense projects. The Defense Acquisition Program Administration (DAPA) said in a statement that the research and development of defe July 13, 2020
  • Seoul mayor proposes ban on new registration of internal combustion engines from 2035
    Seoul mayor proposes ban on new registration of internal combustion engines from 2035 SEOUL -- Seoul, the South Korean capital with a population of 9.74 million, proposed a ban on the new registration of any internal combustion engine vehicles from 2035 under the so-called Green New Deal aimed at reducing greenhouse gases. "Quantitative growth centered on efficiency is no longer valid," Seoul Mayor Park Won-soon said. "We will push ahead with the Seoul version of Green New Deal, a future strategy for the survival of ourselves, the earth, and July 8, 2020
  • LG Chem pushes for RE100 initiative to reduce carbon emissions
    LG Chem pushes for RE100 initiative to reduce carbon emissions SEOUL -- LG Chem, a petrochemical and battery-making arm of South Korea's LG Group, will push for Renewable Energy 100 (RE100) in all its operations around the world and curb carbon emissions to 10 million tons by 2050. RE100 is an initiative seeking to source 100 percent of electricity consumption from renewables and accelerate change towards zero-carbon grids. Considering its current business growth, LG Chem's carbon emissions are expected to reach about 40 mil July 6, 2020