South Korea’s energy ministry said April 27 that the country’s LNG demand is expected to rise 15.1% through 2034 on the back of higher LNG demand for bunkering and hydrogen Continue Reading
South Korea’s prime minister arrived in Tehran for talks over $7 billion of Iranian funds trapped in his country by U.S. sanctions, with a successful outcome likely to be seen Continue Reading
South Korean battery makers LG Energy Solution and SK Innovation Co agreed on Sunday to settle disputes over electric-vehicle (EV) battery technology, avoiding a potential setback for U.S. EV ambitions. Continue Reading
The settlement came after the US International Trade Commission in February slapped a 10-year import ban on SK Innovation over allegations from its Korean rival of illegally acquiring sensitive technology. Continue Reading
Iran released on Friday a South Korean ship and its captain detained since January after South Korea promised to try to secure the release of Iranian funds frozen in South Continue Reading
South Korea has shut two nuclear reactors due to an influx of marine organisms just two weeks after restarting them after an earlier influx, company officials said April 8, adding Continue Reading
The fishing grounds where Jung Kuenbae and his forbears have caught shrimp, butterfish and croakers for three generations are going to be turned into the world’s largest offshore wind farm. Continue Reading
South Korea remains the weakest performer within OECD in terms of renewables’ penetration into the national energy matrix, merely 5% of its electricity generation boils down to green energy. Apart Continue Reading
South Korea will invest some $43 billion in constructing what is to be the world’s largest offshore wind farm, Reuters reports , adding that the project should be completed by Continue Reading
Armed Iranian Revolutionary Guard troops stormed a South Korean tanker and forced the ship to change course and travel to Iran, the vessel’s owner said Tuesday, the latest maritime seizure Continue Reading
Iran’s Revolutionary Guards Corps seized a South Korean-flagged tanker in Gulf waters and detained its crew, Iranian media said on Monday, amid tensions between Tehran and Seoul over Iranian funds Continue Reading
The planned shutdown of some coal-fired power plants in South Korea will likely propel low sulfur fuel oil demand, which has already seen an increase due to stricter environmental rules Continue Reading
South Korea will close down up to 16 coal-fired power plants for three months from December, out of its 60 coal power plants in total, to help reduce air pollution, Continue Reading
South Korea’s crude oil imports from the US in October fell for the sixth consecutive month, while local refiners continued to favor Middle Eastern crude, lifting October Saudi oil shipments Continue Reading
South Korea’s ailing aviation sector and a slowdown in new construction activity will likely continue to weigh on domestic jet fuel and diesel consumption for the rest of the year, Continue Reading
South Korea is joining China and Japan in setting a deadline to zero-out carbon emissions. The Asian country is targeting to become carbon neutral by 2050, President Moon Jae-in said during Continue Reading
South Korea hunkered down as Typhoon Haishen travelled northwards along the country’s east coast on Monday, a day after the powerful storm battered Japan’s southern islands where four people are Continue Reading
South Korea is on track to restart operations at eight nuclear power plants, that were shut for maintenance, and start a newly built plant over the next two months, in Continue Reading
South Korea warned on Monday of a looming novel coronavirus crisis as new outbreaks flared, including one linked to a church where more than 300 members of the congregation have Continue Reading
South Korea reported one of the first major coronavirus outbreaks outside China, yet has kept infections low compared with the U.S. WSJ’s Dasl Yoon shows how smartphones have become one Continue Reading
VLCC of Forties crude arrives in May for first time in 9 months Q3 North Sea crude, condensate imports may surpass 6 mil barrels Forties-WTI price spread on CFR Asia Continue Reading
Samsung Heavy Industries Co. and Bloom Energy have announced an agreement to develop cleaner power for ships by jointly designing fuel cell-powered vessels that will reduce carbon emissions and help Continue Reading
South Korea’s crude oil imports from the US in May dropped 35.7% from a year earlier, which marks the biggest decline since the country began US crude imports, data released Continue Reading
Fuel cell vehicles that use hydrogen and emit only water have long been a goal of green-energy advocates. They have potential advantages over battery-powered cars, including quicker refueling and longer Continue Reading
South Korea has made public a long-term energy plan that stipulates a shift to more renewable energy at the expense of fossil fuels and nuclear power. The Korea Herald reports Continue Reading
South Korea’s Jeju island is famous for the haenyeo, the sea women who dive for seaweed and shellfish in the waters off the volcanic coast, but a new sight has Continue Reading
South Korea, which largely succeeded in quelling the spread of the coronavirus, is back on the defensive, with Seoul’s bars and clubs ordered closed, as the country reported its biggest Continue Reading
South Korea could ramp up its shift toward renewable power, and away from coal and nuclear, under a proposal by a government working group tasked with helping shape its energy future. The Continue Reading
South Korean refiners reduced production of transportation fuels by 7.8% year on year in March, cutting crude throughput 4.3% over the same period, in response to demand destruction caused by Continue Reading
Hyosung and the Linde Group, a leading global provider of industrial gases, will invest 300 billion won (US$246 million) until 2022 in a joint enterprise of creating a value chain Continue Reading
Shipowners are starting to gear up for South Korea’s stricter environmental emissions rules despite having no time to draw breath after transitioning to IMO 2020 and grappling with the coronavirus Continue Reading
South Korea, the country with the fourth-largest commercial storage capacity in Asia, has just run out of room to store more oil, sources familiar with the matter told Bloomberg on Continue Reading
More than 160 South Koreans have tested positive a second time for the coronavirus, a development that suggests the disease may have a longer shelf life than expected. Many had Continue Reading
South Korea on Saturday advised its public to close facilities and forgo socializing for 15 days, keeping to its policy of voluntary social distancing but warning of consequences if the Continue Reading
Churches were closed in South Korea on Sunday, with many holding online services instead, as authorities fought to rein in public gatherings as 586 new coronavirus infections took the tally Continue Reading
South Korea reported 123 new coronavirus cases, taking the country’s total infections to 4,335, the Yonhap news agency said, citing health authorities. The updated numbers added to the 476 recorded earlier Continue Reading
Hyundai Motor reported its lowest monthly global sales in a decade in February as the coronavirus outbreak hurt demand, in what is the first major indicator of damage to the Continue Reading
South Korea reported more than 800 new coronavirus cases on Saturday, the most of any country caught up in the epidemic, as China said it crossed a key threshold in Continue Reading
New cases in three U.S. states raise prospect of local, person-to-person spread. Troubling new signs of how the coronavirus is spreading in the United States emerged on Friday, as cases Continue Reading
KIST researchers developed cathode material of carbon-silicon complex by simply mixing and heating silicon mixed with oil with green ingredients corn and sweet potato starch. If batteries made of this Continue Reading
Altered Carbon A team of researchers at the Korea Institute of Science and Technology have announced a new carbon-silicon material that they say could more than double the driving range Continue Reading
South Korea, the world’s fifth largest crude oil importer, is set to purchase growing volumes of U.S. oil this year to the point of overtaking Canada as the top destination Continue Reading
South Korea aims to test more than 200,000 members of a church at the center of a surge in coronavirus cases, as countries stepped up efforts to stop a pandemic Continue Reading
As a fifth death is announced, South Korea’s president authorizes bold measures. President Moon Jae-in on Sunday put South Korea on the highest possible alert in its fight against the Continue Reading
Samsung Electronics said on Saturday that one coronavirus case had been confirmed at its mobile device factory complex in the southeastern city of Gumi, causing a shutdown of its entire Continue Reading
Two coronavirus patients have died in South Korea so far South Korea says the number of new coronavirus cases in the country has more than doubled in one day. Officials Continue Reading
The hydrogen fuel cell market has a serious player emerging in South Korean automaker Hyundai Motor Corp., which is jumping into the hydrogen truck market to compete with Nikola, Toyota, Continue Reading
South Korea is on course to register a second consecutive year of decline in oil product exports in 2020 as gasoline, jet fuel and diesel fuel sales bear the brunt Continue Reading
South Korea’s Hyundai Motor and Kia Motors will suspend car production indefinitely at all its local plants, the company said Friday, due to a lack of auto parts from its Continue Reading
Toyota Motor Corporation and Panasonic Corporation have decided to establish Prime Planet Energy & Solutions, Inc., a joint venture specializing in advanced automotive batteries, including prismatic Li-ion, solid-state and next-generation Continue Reading
