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Biz & Tech

Energy

Wed, April 21, 2021 | 04:08

State oil firm falls into complete capital erosion

The state-run Korea National Oil (KNOC) lapsed into a complete capital erosion in 2020 as its liabilities exceeded assets due to continued losses, data showed Tuesday. KNOC's liabilities stood at 18.64 trillion won ($16.7 billion) as of the end of last year, up nearly 514 billion won from a year earlier, according to the data posted on the state portal All Public Information ...

2021-04-20 09:32

KEPCO taps former vice minister of MOTIE as new CEO

Former Vice Minister of Trade, Industry and Energy Chung Seung-il has practically been nominated as CEO of Korea Electric Power Corporation (KEPCO), the ministry said, Sunday.

Kim Jae-heun | 2021-04-19 17:36

Power companies asked to use more renewable sources from October

South Korea said Monday it has revised the renewable portfolio standards (RPS) system to have power companies utilize more sustainable resources, in line with the country's green energy drive. Under the new rules, power companies are requested to produce up to 25 percent of all their power output from renewable sources, up from the previous 10 percent, according to the Minist...

2021-04-19 11:33

LGES, GM to build $2.3 bil. EV battery plant

From left, Tennessee Governor Bill Lee, LG Energy Solution CEO Kim Jong-hyun and Mary Barra, CEO of General Motors, pose for a photo after announcing a plan to build a $2.3 billion electric vehicle battery plant in Tennessee during a press conference Friday (local time). Courtesy of LG Energy Solution

Kim Hyun-bin | 2021-04-18 15:40

[Reportage] POSCO Chemical aims to fuel global EV battery market

GWANGYANG, South Jeolla Province ― Close to a three-hour ride south from Seoul on the KTX high-speed train leads to Gwangyang, a small city in South Jeolla Province with a population of just over 150,000. The city might be small in size, but it is the mecca of the secondary battery industry. The city is home to POSCO Chemical's cathode production plant.

Kim Hyun-bin | 2021-04-18 12:00

Hanwha, Doosan first to create synergy through hydrogen biz

Hanwha and Doosan have been leading the country in the hydrogen sector, even before Hyundai, SK and POSCO vowed to inject over 10 trillion won to help set up the country's hydrogen roadmap and infrastructure last year.

Kim Hyun-bin | 2021-04-15 09:14

POSCO Int'l investors increasingly worried over Myanmar crisis

The military suppression of pro-democracy protesters in Myanmar is adding to woes of investors in POSCO ...

Yi Whan-woo | 2021-04-12 16:48

Washington believed to be behind LG-SK battery settlement

LG Energy Solution (LGES) and SK Innovation (SKI) reached an eleventh-hour settlement over their protracted battery dispute, leaving U.S. President Joe Biden as the main beneficiary through his green economy drive, which aims to create more jobs by nurturing eco-friendly businesses, industry officials said Sunday.

Baek Byung-yeul | 2021-04-11 17:17

SK to pay $1.78 bil. to settle battery dispute with LG

LS Electric unveils eco-friendly technologies at KSGE·SIEF 2021

LS ELECTRIC is showcasing its latest eco-friendly technologies at the Seoul International and Electric Fair Korea Smart Grid Expo 2021 (KSGE·SIEF 2021), the country's largest, smart power, energy expo.

Kim Hyun-bin | 2021-04-07 14:42

Global refinery shutdowns present opportunity for local petroleum companies

Carbon neutrality efforts on top of the COVID-19 pandemic have put global petroleum companies on the verge of shutdown, which some see as an opportunity for local companies to further enhance their global market share.

Kim Hyun-bin | 2021-04-06 16:16

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