South Korea To Begin Phasing Out Nuclear Plants
South Korea is eyeing independence from nuclear energy, to be implemented gradually over the next six decades, as it seeks to switch to safer clean energy sources. The country’s Trade, Continue Reading
South Korea To Ease Oil Terminal Rules In Bid To Become Trading Hub
South Korea is set to ease restrictions for international oil traders to blend fuels at the country’s oil storage terminals in its attempt to become a trading hub in Northeast Continue Reading
South Korea Is Powering Down Its Nuclear-Energy Industry
SEOUL—South Korea, one of the world’s largest producers of nuclear electricity, is shifting away from the industry. President Moon Jae-in said Monday the country would scrap plans to build additional Continue Reading
S Korea’s 30-day shutdown of 8 coal-fired power plants set to boost gas demand –
South Korea will shut eight ageing coal-fired power plants for a month Thursday as part of government-led efforts to tackle worsening air pollution, the country’s energy ministry said Wednesday. It Continue Reading
OPEC’s Oil Curbs Grant Russia’s Urals a Rare Ticket for S. Korea
The biggest oil producers in the Middle East are helping crude from Western Siberia boldly go where it’s rarely gone before. Top South Korean refiner SK Innovation Co. is set Continue Reading
Saudis Lose South Korean Market Share To Iran
South Korea doubled its imports of Iranian crude in January this year from the same time last year, when Iran returned on the international oil market and started exporting growing Continue Reading
South Korean Scientists Smash Nuclear Fusion Record
Physicists in South Korea managed to keep high-performance plasma stable for 70 seconds this week. This gives the Korean Superconducting Tokamak Advanced Research (KSTAR) reactor the record for the longest Continue Reading
After 20,000 Job Cuts, World’s Top Shipyards Brace for More
South Korea’s shipbuilding industry — home to the world’s top three manufacturers — has eliminated more than 20,000 jobs this year. They may not even be halfway through. Hyundai Heavy Continue Reading
Kuwait courts South Korea in the face of drop in crude market share
Kuwait is making a concerted effort to retain its importance as a reliable crude oil supplier to South Korea, where it has seen its market share dip as Korean refiners, Continue Reading
South Korea, Iran eye oil and gas deals
South Korea and Iran signed off on more than a dozen proposals, including those tied to oil and gas, as Iran’s president touts the value of foreign investments. Iranian Oil Continue Reading