SEARCH in ENERGY KOREA
Search Results For won / About 350 results
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National Assembly Passes Budget of 6.088 Trillion Won for Energy and R...
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The total budget for 2013 is fixed at 342 trillion won…the government will invest 3.6295 trillion won in the R&D of green technologies. The government increased the budget for managing their electric power load…and recognized taxis as public transport. After weeks-long throes, the budget b...
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Tide rising for local blue chip bonds
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Companies accelerate issuances in anticipation of tough road ahead GS Caltex, the leading domestic oil refiner by market share last year, has been kicking its corporate bond issuance up a notch. Issuing more than any other Korean company so far this year, the refiner expanded its planned March offer...
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Government Plans to Invest 146 Billion Won into Developing Technologie...
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The Ministry of Knowledge Economy announced a plan to implant integrated technology innovation programs in 2013. The government plans to spend approximately 146 billion won this year for 8 programs in the energy area, including programs that develop technologies for managing radioactive wastes and t...
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Iraq plant eases STX’s financial woes
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STX Group’s financial woes are easing due to developments in the Middle East that are set to make it more liquid. The group said yesterday it anticipates receiving over 700 billion won ($601.4 million) in revenue from Iraq to build a diesel power plant that will be completed next month. “We are gett...
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Government’s Renewable Energy Policy Shows Contradiction
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The budget policy is focused on promoting the renewable energy industry, but the budget has been reduced by over 100 billion won for 2013. The government budget for renewable energy programs for 2013 has reportedly been submitted to the National Assembly for deliberation after being finally drawn up...
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Prices of Vehicles Will be Changed Depending on Amount of CO2 Emission
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The Ministry of Environment seeks to implement the ‘low carbon vehicle cooperation fund system’ in the latter part of 2013. Prices of electric vehicles will be lowered by 3 million won while those of large imported vehicles will be raised by up to 3 million won. Prices of vehicles are expected to be...
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Piling debt could haunt economic growth
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‘The government should be aware of the mounting national debt if it hopes to maintain the current level of economic growth.’ When the euro zone crisis erupted last year, many local analysts warned that Korea should use this opportunity to reflect on the fragile state of its own economy, given the hi...
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The KEITI Decides to Provide 135 Billion Won of Environmental Policy F...
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The fund was increased by 20 billion won in 2012… and will give preference to small companies. The environmental policy fund for small and mid-sized environment-related companies has increased to 135 billion won in 2013. The Korean Environmental Industry & Technology Institute (KEITI, President:...
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Hankuk Carbon makes return along with LNG carrier orders
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By Lee Gyu-sun Established in 1984 as a manufacturer of carbon fibers used in fishing rods, Hankuk Carbon entered the liquid natural gas (LNG) storage insulation panel business in 2001. The firm began supplying heat insulation panels to Samsung Heavy Industries in 2002 and Hyundai Heavy Industries i...
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Korea Seeks to Build World’s Largest Hydrogen Fuel Cell Town
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Using Byproduct Hydrogen and Investing 9 Billion Won… It Will Install Fuel Cell Facilities at 150 Houses and 10Buildings The world’s largest town of using hydrogen fuel cells will be established in Korea in this year by investing 9 billion won, at the earliest. The Ministry of Knowledge Economy anno...
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Seoul City Government Increases Funds for Loan Support of Solar Photov...
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It provided loan support of 2.7 billion won in 2012…will offer loans up to 150 million won at low interest rates in this year. With the goal of building the ‘Sunlight City of Seoul’, the Seoul City government began to take aggressive measures by sharply increasing the amount of loan support for inst...
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SK Continental E-Motion Launched in Berlin, Germany…Two Companies Will...
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The launching ceremony was attended by Senior Vice Chairman Choi Jae-won of SK Corporation and others…the joint venture company pledged to leap up as the top-tier company in the electric vehicle battery market. SK Innovation (CEO: Koo Ja-young) said on January 21 that SK Continental E-Motion, a join...
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Seoul Mayor Park Won-soon Elected as Chairman of WMCCC
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Seoul Mayor Park Won-soon is elected as the next chairman of the World Mayors Council on Climate Change (WMCCC), a governance organization of world city leaders. And the Seoul city government successfully attracted the East Asian regional headquarters of the International Council for Local Environme...
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Korea seeks more ways to go green
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BUAN, North Jeolla – Hwajeong Village in Buan County, North Jeolla, is demonstrating how Korea can be free from power bills. All of the 35 households in this village have bluish solar panels with shiny spots on them. “The electric meter at our house turns backwards on sunny days when the solar...
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LSIS Wins Orders for Projects of Installing Smart Grids and GIS-based ...
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The total value of the new projects reaches 115.2 billion won…the company will accelerate its globalization. The LSIS received orders for large scale smart grid and power transmission/distribution facility installation projects from Iraq, worth more than $100 million, establishing a foothold for inc...
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Oil firms fear reprisals for profits
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Success in selling refined products leads companies to banner year in 2011 Korean oil corporations enjoyed a banner year in 2011, triggering fears in the industry that they may become the next target of the government’s so-called “corporate bashing.” SK Innovation announced on Friday that its sales ...
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Seoul City Government Moves to Sharply Reduce Energy Consumption
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The city government signed an MOU with Lotte Group. The Group will invest 90 billion won into improving energy efficiency. The Seoul City government is moving fast to build a low energy consumption city. As part of this endeavor, the city government agreed with Lotte Group to reduce energy consumpti...
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Stores to be Fined up to 3 Million Won When Operate Air Conditioners w...
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Stores in Seoul will be fined up to 3 million won when they operate air conditioners with their doors open, starting in July. Seoul Metropolitan Government said on June 18 it will take strong measures against waste of energy, such as the step of levying fines on shops when they are exposed to have o...
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Energy R&D Subsidies ‘Seriously’ Lopsided to Certain Regions and C...
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Rep. Jo Gyeong-tae asked KETEP to seek ways of relieving the bipolar phenomenon. Investment in energy R&D is seriously lopsided to large companies and certain regions. During the parliamentary inspection on Korea Institute of Energy Technology Evaluation and Planning (KETEP) conducted on October...
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The STX Group Successfully Sells Stakes in the STX OSV for 768 Billion...
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It decided to sell 50.75% of its stakes in STX OSV to Fincantieri, a shipbuilding company in Italy. As part of its efforts to stabilize the financial situation, the STX Group decided to sell off the STX OSV. The STX Group said on December 21 that it made the final decision to sell the STX OSV to Fin...
