South Korea To Build World’s Largest Offshore Wind Farm
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
South Korean tanker was boarded by armed Iran Guard forces
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
South Korean-flagged tanker seized by Iran, Seoul demands release
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
Shutdown of S Korea’s coal-fired power plants to spur LSFO demand further
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
S Korea to shut up to 16 coal-fired power plants for December-February
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 DATA: US crude imports fall for sixth straight month in Oct
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
S Korea’s dismal jet fuel, diesel demand to keep SK Innovation’s crude runs low
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
S. Korea Beefs Up Climate Goal Amid Mounting Global Pressure
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
Typhoon Haishen threatens Korea after battering Japan
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
S Korea’s 9 nuclear plants restarting Sep-Oct to pressure LNG demand
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 battles worst coronavirus outbreak in months, warns of crisis
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
Coronavirus Pandemic Hits South Korea’s Export-Reliant Economy
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
S Korea shifts focus to North Sea from US for light sweet crude imports
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, Bloom Energy Partner to Develop Zero-Emissions Cargo Vessels
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 data: US crude imports suffer biggest ever on-year drop in May
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
Hyundai Hydrogen Chief on Why the Company Bet on Fuel Cells
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 Embarks On An Ambitious Renewable Energy Plan
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
Shrinking South Korea oil storage capacity rattles Asia refiners
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’s Early Coronavirus Wins Dim After Rash of New Cases
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 May Speed Up Renewable Energy Shift Under Proposal – Bloomberg
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 cut March transport fuels output 8% on year, lower crude throughput 4%
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 Linde Group to build world’s largest liquid hydrogen production facility in Korea
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 brace for S Korea’s new emissions rules amid pandemic pain
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 Has Run Out Of Oil Storage
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
South Korea’s New Coronavirus Twist: Recovered Patients Test Positive Again
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 advises 15-day facilities suspension as experts prepare for ‘long battle’ against coronavirus
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
South Korea closes churches as coronavirus tally passes 3,700
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 reports 123 new coronavirus cases, taking total to 4,335: Yonhap
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 reports lowest monthly sales in decade as virus dents demand
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 Coronavirus Cases Rise as China Touts Recoveries
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
Coronavirus Live Updates: South Korea Reports 800 New Cases
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
Researchers develop high-capacity EV battery materials that double driving range
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
New Battery Tech Could Double Electric Car Driving Range
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
This Country Could Soon Become The Biggest Buyer Of U.S. Oil
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 to launch mass coronavirus testing, U.S. pledges $1 billion for vaccine
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
South Korea’s Leader Raises Alert Level to Maximum
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 confirms coronavirus case at phone factory complex in South Korea
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
Coronavirus: South Korea confirms huge rise in cases
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
Another Major Car Maker Is Backing Hydrogen
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
Analysis: South Korea’s 2020 oil product exports under pressure amid bleak China sales outlook
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
S Korea’s Hyundai Motor to stop production as virus curtails auto parts supply
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 and Panasonic to establish joint venture specializing in automotive batteries: prismatic Li-ion, solid-state and next-gen
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
Hyundai to halt South Korea output as virus disrupts China parts supply
Hyundai Motor ( 005380.KS ) said it will suspend production in South Korea due to the coronavirus outbreak disrupting parts supply, becoming the first major automaker to do so outside Continue Reading
South Korea To Boost US Oil Imports In 2020
As South Korea is looking to reduce its over-reliance on crude oil imports from the Middle East, it has increased its oil imports from the United States in recent years, Continue Reading
Hyundai Motor Group to invest $87B over next 5 years; 44 electrified vehicles; new EV development system; hydrogen plans
Hyundai Motor Group (HMG) will invest more than KRW100 trillion (US$87 billion) over next 5 years—KRW20 trillion (~US$17.4 billion) annually to enhance its leadership in vehicle electrification, autonomous driving and mobility services, Continue Reading
GM, LG Chem to announce EV battery joint venture in Ohio
South Korea’s LG Chem ( 051910.KS ) said on Thursday it would invest $916 million in its U.S. subsidiary by 2023 to set up an electric vehicle battery joint venture Continue Reading
Hyundai Motor eyes thrust on electric vehicles in $52 billion investment plan
Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, the company said on Wednesday, with a third of the expenditure focused on electric and Continue Reading
South Korea to shut up to 15 coal power plants for 3 months to check pollution
South Korea will shut up to 15 coal-fired power plants out of the total 60 for three months starting December 1 to help reduce air pollution, which could give a Continue Reading
South Korea’s US crude imports double in Sep, Saudi shipments drop
South Korea’s crude oil imports from the US in September more than doubled from a year earlier, while intakes of Saudi crude dropped 17.6% year on year due to the Continue Reading
South Korea’s May oil product exports fall 11% on year to 1.35 mil b/d
South Korea’s refined oil product exports in May fell 10.5% on the year to 41.72 million barrels, or 1.35 million b/d, data released Wednesday from state-run Korea National Oil Corp Continue Reading