Tag Archives: South Korea

The recently established military relationship between South Korea and Poland is a multidimensional phenomenon, reaching beyond security in its traditional meaning. In fact, large-scale arms contracts are almost always politicized and followed or accompanied by intensified economic ties. Certainly, in the current circumstances, this view is shared by Warsaw and …

Saudi Aramco announced its biggest ever investment in South Korea to develop one of the world’s largest refinery-integrated petrochemical steam crackers through its S-OIL affiliate. In a statement received by Argaam Aramco said, the SAR 26 billion ($7 billion) Shaheen project aims to convert crude oil into petrochemical feedstock. This …

The secretary of the Iran-South Korea Joint Chamber has said that Iran has exported 32.5 million dollars to South Korea during the first five months of the current Iranian year. Iran exported 32.5 million dollars to South Korea during the first five months of the current Iranian year, Pooya Firozi …

The forecast for a colder-than-usual winter in South Korea is set to intensify the concerns over gas supply for power generation, industry sources told S&P Global Commodity Insights over the week of Sept. 29. The country has predicted a colder winter this year amid La Nina that has stretched into …

South Korea seeks to expand its generation of nuclear power to nearly 33 percent of its total energy creation by 2030 in a move to boost energy security and to better meet net-zero goals, the industry ministry said Tuesday. Under the blueprint for the country’s electricity supply through 2036, the …

South Korea is looking to buy more liquefied natural gas to replenish stockpiles before winter. The world’s third-biggest importer of the chilled fuel is seeking additional cargoes to meet forecasts for increased domestic demand and is targeting to lift inventories to about 90% full by November, from about 34% currently, …

Samsung Engineering Co. and five other South Korean companies have teamed up with Malaysia’s state energy company Petroliam Nasional Berhad to work on a project to capture, transport and store carbon dioxide, an emerging technology for emissions reduction. Under a memorandum of understanding signed in a virtual meeting in Kuala …

South Korea’s Ministry of Trade, Industry and Energy announced on Tuesday that it will increase nuclear power’s contribution to the national energy mix to 30% or more by 2030. President Yoon Suk-yeol has rejected the idea of phasing out nuclear energy, and made it a key pledge of his campaign …

LG Chem Ltd. said Monday it is building a hydrogen plant in South Korea to produce clean fuel for use in its key petrochemical processing in line with its long-term low carbon emission goals. The hydrogen plant, to be located in its Daesan complex, about 75 kilometers southwest of Seoul, …

Hyundai Motor Group will construct a liquefied natural gas (LNG) cogeneration facility inside its automotive manufacturing plant in Ulsan to secure a stable power supply while reducing energy consumption and greenhouse gas emissions. According to the carmaker on Monday, it plans to digest over 70 percent of annual electricity used …