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Energy

Sun, January 17, 2021 | 08:38

SK pursuing ESG initiative via capital increase

SK pursuing ESG initiative via capital increase

SK Group, which has set the industry's benchmark in environmental, social and corporate governance (ESG) investments, aims to increase spending on environmentally-friendly projects by raising money through the issuance of “green bonds.”

2021-01-14 15:47

Korea's power sales dip 2.4% in Jan.-Nov. on coronavirus impact

Korea's power sales dip 2.4% in Jan.-Nov. on coronavirus impact

South Korea's electricity consumption fell more than 2 percent in the first 11 months of 2020 in the wake of the coronavirus pandemic, data showed Monday. Power sales in Asia's fourth-largest economy came to 464,243 gigawatt-hours (GWh) in the January-November period, down 2.4 percent from a year earlier, according to the data from state utility Korea Electric Power Corp. (KE...

2021-01-11 11:07

Hanwha Group works to fully implement ESG management

Hanwha Group works to fully implement ESG management

Hanwha Group Chairman Kim Seung-youn has vowed to expand the company's environmental, social and corporate governance (ESG) management style to better enhance the conglomerate's future competitiveness in the global market.

2021-01-06 13:21

GS Caltex to showcase drone delivery, future gas station at CES

GS Caltex to showcase drone delivery, future gas station at CES

GS Caltex is set to present drone delivery services and its next-generation gas station at CES 2021 to be held next week. It is the first time for the oil refiner to take part in the global tech expo.

2021-01-06 13:18

[INTERVIEW] Norwegian renewable energy expert points 'offshore'

[INTERVIEW] Norwegian renewable energy expert points 'offshore'

Nils Anders Rokke has been lauding “offshore” as the ideal strategic place for the expansion of renewable energy-based power generation and lower carbon emissions that the world - on the verge of climate change-driven catastrophe - desperately requires. The executive vice president of sustainability at SINTEF, Scandinavia's largest independent research institute based in Tron...

2021-01-06 09:12

Korea to allow power purchase agreement for renewable energy

Korea to allow power purchase agreement for renewable energy

Korean firms seeking to pursue RE100, a global campaign of transitioning to 100 percent renewable power, will be able to purchase electricity generated from renewable sources from solar farms and other eco-friendly power plants, the government announced Tuesday.

2021-01-05 16:16

Top 10 economic news: 'contactless, digital' reshaping biz world

Top 10 economic news: 'contactless, digital' reshaping biz world

The year 2020 was full of uncertainties in the industrial and financial world. The COVID-19 pandemic has played its role forcing firms to swiftly digitize as well as other environmental factors that pushed companies to initiate green policies and measures. Listed below is The Korea Times' top 10 ranking of major trends and some positive changes that have occurred this year. T...

2020-12-23 13:17

Daesung chairman honored for eco-friendly energy biz

Daesung chairman honored for eco-friendly energy biz

Daesung Group Chairman Kim Young-hoon won an Order of Industrial Service Merit for his contribution in expanding eco-friendly energy businesses in the country, the government said Tuesday.

2020-12-22 16:51

S-Oil pledges to become eco-friendly petrochemical firm

S-Oil pledges to become eco-friendly petrochemical firm

S-Oil has set up a long-term growth strategy to drastically cut carbon emissions to better align itself with global trends, the company said Sunday.

2020-12-20 16:14

Global hydrogen industry to become highly competitive

Global hydrogen industry to become highly competitive

Many countries have been pledging to aim for carbon neutrality as a key environmental strategy and among efforts they are making to achieve this the use of hydrogen as a renewable resource for energy and transportation. Some industry watchers are pointing out that Korea needs to form “hydrogen alliances” with such countries in order to enhance its competitiveness.

2020-12-18 16:30

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