The sale of GS E&C’s subsidiary GS Inima will begin in earnest from February.According to sources in the investment banking (IB) industry on Jan. 10, GS E&C will distribute an investment prospectus for the sale of a stake in its wholly owned subsidiary GS Inima before the Lunar New Year holiday in F
Doosan Enerbility announced on Dec. 14 that a delegation led by Bandar Alkhorayef, the minister of industry and mineral resources of Saudi Arabia, visited its Changwon plant in South Gyeongsang Province.The visit on this day aims to inspect South Korean companies conducting business in the country a
Offshore plants, the main cause of the shipbuilding industry’s prolonged recession, are making a comeback. Demand for offshore plants is changing from oil to eco-friendly energy such as offshore wind power and liquefied natural gas (LNG). It is expected to become a new growth driver for Korean shipb
HD Hyundai Heavy Industries announced the world’s first application of a damping material made from graphene, often referred to as a dream material, on warships on Dec. 6.The damping material for warships, similar to a coating, is applied to the lower engine deck and the upper structure of the prope
Growing public anxiety over the recent release of contaminated water from Fukushima Nuclear Power Plant in Japan has prompted the Korean government to hold daily briefings on the issue to actively deal with fake news and fear mongering.The Korean government will crack down on those who make and dist
LG Chem announced on May 18 that it signed a contract to supply reverse osmosis membranes for a large-scale seawater desalination project in Israel. The company has been selected as the sole supplier of reverse osmosis membranes for the Ashdod Desalination Project in Israel. Ashdod Seawater Desalina
Korea Midland Power (KOMIPO) said that it explored the Philippine power market with nine excellent partners for three days from May 2 to 4.KOMIPO’s market development team held a technical seminar and a one-on-one purchase consultation session with officials from FDC Power Plant under Filinvest Grou
LG Chem announced on March 22 that it has supplied about 10,000 reverse osmosis (RO) filters to the Guoan Lithium Extraction Project of China’s CITIC Group.CITIC Group is a large state-run enterprise in China. The Guoan Project, which began full-scale operation in Qinghai Province this year, is Chin
Hyundai E&C (Hyundai Engineering & Construction) will actively advance into overseas markets by strengthening its eco-friendly smart farm technology.To prepare a foothold for overseas expansion, the company signed a strategic MOU with Korea Rural Community Corp. on Feb. 20 at its headquarters in Seo
Saudi Arabia has discussed seawater desalination projects for Neom City with Korean companies that have expertise in core desalination technologies.Saudi Arabia plans to produce 100 percent of the electric power required to desalinate seawater for the eco-friendly future new city with renewable ener
Saudi Arabian Crown Prince Mohammed Bin Salman Al Saud is scheduled to visit South Korea on Nov. 17 and 18. The purpose of his visit is to seek investors and companies to join the Neom City project.The project is to build a low-carbon smart city in desert and mountain areas near the Red Sea. The tot
Doosan Enerbility is expanding its presence in Saudi Arabia by winning a series of construction orders, including a combined heat and power plant, a casting and forging plant, and a seawater desalination plant.The aggregate value of the contracts it has clinched from Saudi Arabia so far this year ex
Doosan Enerbility will build a seawater desalination plant worth 840 billion won in Saudi Arabia.The company said on Aug. 3 that it signed a contract with Shuaibah Three Water Desalination Co., a special purpose company established by ACWA Power, for the construction of the Shuaibah 3 seawater desal
A Korean research team has developed a process to produce both eco-friendly freshwater and electricity through a combination of reverse electrodialysis (RED) and reverse osmosis (RO) processes.A research team led by Jeong Nam-jo of the Korea Institute of Energy Research announced on July 21 that the
Korea Hydro & Nuclear Power (KHNP) is promoting the commercialization of tritium, a key material required for nuclear fusion power generation. Although tritium is a kind of radioactive material, it is known to have a higher added value than gold because it is widely used in daily life as well as in
GS Energy, Doosan Enerbility and Samsung C&T have signed a memorandum of understanding (MOU) with NuScale Power of the United States to jointly promote the construction and operation of small modular reactor (SMR)-based power plants around the world.A signing ceremony was held at GS Energy Headquart
Korean companies are entering the wind power market in earnest amid rising interest in wind power.POSCO Group is planning to cooperate with Denmark’s Orsted, the world's largest offshore wind power generation company. Orsted is pushing for a 1.6 GW offshore wind power project in Incheon, Korea.
Hyundai Heavy Industries (HHI) announced on May 6 that it has signed an MOU with nine organizations to set up 100 MW green hydrogen production facilities in a floating wind farm in the East Sea.The nine organizations included the Ulsan City Government, Ulsan Techno Park, the Ulsan Chamber of Commerc
Hit hard by the Korean government's ill-advised nuclear phase-out policy, Doosan Heavy Industries & Construction (DHIC) has been desperate to make a turnaround. The company announced on April 28 that it managed to turn a profit in the first quarter on a rebound in overseas sales.DHIC posted 4,00
Korea Hydro and Nuclear Power said on April 19 that the company is developing an innovative small modular reactor (SMR) with strong economic feasibility and safety.KHNP is carrying out a project to improve the System-integrated Modular Advanced Reactor (SMART), an integral-type small reactor develop