Korea

South Korea announced an electricity price hike of an average 4.9% starting August in a bid to reflect growing power production costs into the electricity charges.

China's increased investment in its power grid is expected to have a positive impact on the subsidiaries of South Korea's LS Group.,

South Korea can now export atomic power plants to India after an agreement was reached by the two countries.

 A team of 16 nuclear safety experts from 14 countries determined that South Korea already had in place a technically capable and effective nuclear safety regulatory program.

The Korea South-East Power Co. completed a wind farm with nine South Korea-produced wind power turbines off the west coast of the country, according to Yonhap News.

KEPCO has set up a joint venture with German engineering firm Uhde to carry out environment-friendly power generation projects.

The free trade pact with the European Union that went into effect this month is expected to fuel growth for South Korea's renewable energy industry, a report by a local think tank said Sunday.

South Korea's new nuclear power reactor under construction will start commercial operation in December ahead of schedule.

Korea Midland Power Co., a unit of KEPCO, will build and manage a hydroelectric power plant in northern Vietnam with htree other companies.

A glitch in the power transmission line caused the nuclear reactor in southeastern South Korea to go offline. The Korea Hydro & Nuclear Power Co. stated that the Gori-2 reactor northeast of Busan was shut down when a 345 kilovolt power line experienced an overload, yonhapnews reported.  

South Korea's industrial electricity sales grew steadily in May.

South Korea plans to slowly increase the country's electricity tariffs gradually to curb inefficient consumption and to slow down power demand growth.

South Korea will build a new 2,000 megawatt eco-friendly thermal power plant on its east coast that will not release any carbon dioxide into the atmosphere.

The construction in Seoul, South Korea of a 2,000MW low emissions power plant valued at US$3 billion has been commenced by Korea Sothern Power Company.

South Korea will seek to grab 18 percent of the global green energy market by 2030 by developing key technologies and creating a favorable domestic environment, the government said Tuesday.

Samsung Electronics Co. and LG Electronics Inc. will take part in a government-private research program to develop next-generation thin-film solar cells, officials said Tuesday.