Korea

Taihan Electric Wire won a US$30 million contract to supply high-pressure power for San Diego, California.

South Korea will inject 1.08 trillion won (US$962.3 million) into research and development (R&D) this year to bolster its capabilities in the energy sector, the government said Tuesday.

The main South Korean opposition party pledged to oppose plans to build more nuclear power plants if it wins elections this year.

South Korea could wind up building all eight nuclear power plants for the United Arab Emirates.

No one can accuse the South Koreans of thinking small in renewable energy.

Samsung Electronics Co.'s move to spin off its liquid-crystal display (LCD) business could benefit Chinese panel makers by bringing more business opportunities to them, a Beijing-based market researcher said Thursday. Last week, Samsung Electronics said in a statement that the provisionally named Samsung Display Co. will be launched on April 1 with capital of 750 billion won (US$667.3 million). The new entity will absorb Samsung Electronics' existing LCD operations. here  

South Korea will continue to increase its use and development of new, green energy, including nuclear power.

Kowepo has selected GE technology for the first integrated gasification combined-cycle power plant to be built in South Korea.

The country plans to secure energy installations as the death of North Korean leader Kim Jong-il raised fears over what would happen next in the reclusive state.

Electricity consumption by increased by 5.2 percent in NOvember compared to the sawe period last year.

South Korea will provide low-interest loans for the construction of a hydroelectric power plant in Laos.

An power cut in Ulsan has hit the refining and petrochemical plants of South Korea's largest crude refiner, SK Energy.

South Korea's electricity price for industrial and educational sectors and office buildings will be raised by an average 4.5 percent.

STX Heavy Industries Co Ltd, an unlisted unit of South Korea's STX Group, said on Sunday it has obtained a $2 billion deal to construct and operate a large-scale industrial complex in Saudi Arabia. The complex comprises iron ore production and power generation plants, it said. Under the deal signed on Saturday in Riyadh, the Korean party will be responsible for the planning, engineering, procurement, construction, operation and management of the plants to be built in the Wadi Sawawin district of Saudi Arabia's northwestern city of Tabuk, STX said in a statement. The Saudi project also involves pelletising and desalination plants that are required to complete the proposed industrial complex, according to STX. STX said it will produce 5 million tonnes of iron ore annually from the Wadi Sawawin mine owned by National Mining Co, a venture firm that Saudi Arabia's Al Sharif Group and U.K.-based mine developer London Mining Plc established. The iron ore mine is estimated to have more than 125 million tonnes of commercial reserves, STX added. An STX spokesman declined to give further details about the project, including capabilities of the other plants.

South Korea and Saudi Arabia cooperate in the development of nuclear energy.

This is part of the country's road map to grab 10% share of the world's clean energy market by 2020.