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Reporter : Lee Kyung-min
Wed, July 6, 2022 | 09:51
POSCO Holdings to acquire next-generation anode maker for $37 million
POSCO Holdings signed a contract, July 1, to buy a 100-percent stake in a battery materials manufacturer for $36.6 million, the steel giant said Tuesday in a press release and public disclosure to the stock exchange. Following the deal, Tera Technos, a Daejeon-based manufacturer and supplier of SiOx, a silicon-based anode material, will become the newest affiliate of POSCO.
Korea to increase nuclear power generation to over 30% by 2030
Korea will increase the portion of nuclear energy to over 30 percent of the nation's total energy mix by 2030, the energy ministry said, Tuesday. This is a clear shift in policy under the Yoon Suk-yeol administration defined by the early and full scrapping of the nuclear phase-out initiative led by his predecessor, Moon Jae-in.
Energy tech university becomes major headache as KEPCO's losses swell
Korea Institute of Energy Technology (Kentech), a much-criticized technology university associated with Korea Electric Power Corp. (KEPCO), is emerging as a major headache for the state-run power firm, whose record-high losses will mean that it won't be able to finance the operation of the higher educational institution in need of about 1.6 trillion won ($1.2 billion) over th...
Global energy expert praises SK Innovation's green transformation
A green transformation initiative led by SK Innovation, an energy affiliate of SK Group, has a “very high potential for eventual success,” a global expert on energy and corporate governance in emerging markets, said Monday.
IBK CEO seeks to help small Korean firms expand in Vietnam
Industrial Bank of Korea (IBK) CEO Yoon Jong-won met officials of key state-run and private financial firms in Vietnam to bolster cooperation for greater financing and business expansion opportunities for Korean local ventures and startups, the state-run lender said Friday.
Korea strengthens cooperation with Poland in nuclear energy, defense
Korea is gearing up to strengthen its partnership with Poland in the areas of nuclear energy, defense and advanced IT technologies. The move is part of the Yoon Suk-yeol administration's drive to find new overseas markets for Korean products, according to the trade and industry ministry, Friday.
Gov't braces for soaring power demand in summer
The government is bolstering energy reserves to prevent possible blackouts triggered by an earlier and more intense heatwave in the summer, with electricity demand this year expected to peak in the second week of August, the Ministry of Trade, Industry and Energy said Thursday.
Small businesses decry 5% minimum wage hike
Kim Joo-won, 42, who owns a small restaurant in Seoul, said Thursday that he will have to let at least one worker go if the government's new hourly minimum wage takes effect next year.
Korea gearing up to export nuclear plants to Czech Republic
Korea is gearing up to strengthen a partnership with the Czech Republic in the nuclear and hydrogen energy businesses, as illustrated by the first official overseas trip of the energy minister accompanied by a dozen state-run and leading private energy firms, according to officials, Wednesday.
Korea to raise energy efficiency 25% by 2027
The government will sign an agreement with 30 high-energy-consuming firms to lower their power consumption, providing tax incentives, monetary rewards and greater policy assistance to businesses that adopt energy conservation campaigns, four government ministries said, Thursday.
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