Hyundai Motor Group announced on March 27 that it will hire 80,000 people and invest 68 trillion won in Korea over the next three years from this year to 2026. The plan is expected to create about 198,000 decent new jobs.The announced investment in Korea is a significant increase from the 56.2 trill
Korea Electric Power Corporation (KEPCO) and the Emirates Nuclear Energy Corporation (ENEC), through their joint venture operation company in the UAE, Nawah Energy, announced that Unit 4 of the UAE Barakah Nuclear Power Plant successfully connected to the UAE transmission network on March 23.The con
Samsung C&T has sold the rights to a solar power project of 200 megawatts (MW) to Hanwha Solutions. The sale comes after all preparatory work for the construction of the solar power plant was completed, suggesting that Samsung C&T disposed of the project to recover its investment.According to the in
The market for all-in-one washer-dryers, often dubbed as “dream home appliances,” is now opening up in earnest. South Korea’s two major home appliance companies, LG Electronics and Samsung Electronics, have both introduced this product. With a washer-dryer combo, there’s no need to separately transf
Doosan Enerbility is participating in Saudi Arabia's largest combined cycle power plant project.The company announced on March 11 that it has signed a contract with SEPCO-3 to supply equipment for the Taiba 1 Integrated Cycle Power Plant and Qasim 1 Combined Cycle Power Plant in Saudi Arabia. With t
The Korean government will launch the Top 10 Promising Markets Trade Mission, which will lead strategic market exploration to help the country achieve US$700 billion, the largest ever, in exports this year,.The Ministry of Trade, Industry and Energy (MOTIE) announced on Mar. 5 that it will send the
Hyundai Engineering & Construction (Hyundai E&C) has been selected as the preferred negotiating partner for a major nuclear power plant project in Bulgaria, marking its return to the overseas market after 15 years.The company announced on Feb. 23 that it has solely passed the pre-qualification asses
Root Energy Inc., Korea’s leading renewable energy local acceptance solution provider as well as a certified B Corp, has successfully raised KRW 20 billion (approx. USD 15 million) crowdfunded by residents of Suwon-ri, Hallim-eup, Jeju Island. It makes the Korea’s largest offshore wind farm Jeju Hal
KEPCO KPS has signed a trilateral memorandum of understanding (MOU) with X-energy and DL E&C for the development of technology and business related to non-light water reactor-type fourth generation small modular reactors (SMRs).Under this agreement, the three parties, including KEPCO KPS, will colla
Korea Western Power (KWP) has secured a landmark solar power project in the United Arab Emirates (UAE), marking the first time a South Korean company has won such a large-scale solar power project in the country. This project represents the largest single solar power project ever won by a Korean com
Hanwha Q CELLS has surpassed 10,000 contracts for its Solar Financing Service launched last year in the United States. As the solar energy division of Hanwha Solutions, Hanwha Q CELLS is leaping from a simple manufacturing company to a “comprehensive energy solution company” with a strategy to overc
It has been revealed that over 90 percent of nuclear power plants with operating licenses that have expired in major overseas countries are undergoing safety assessments and extending their operational lifespans for continued operation.The active pursuit of continued operation by various countries i
Nine out of 10 Korean manufacturers believe that overseas carbon neutrality policies such as those in the United States and Europe affect their business operations, a survey found.According to the Korea Chamber of Commerce and Industry (KCCI), which recently surveyed 300 Korean manufacturing compani
Hanwha Solutions Q CELLS Division is set to simultaneously launch a new series of solar modules, the Q.TRON G2, in Korea and Europe in February. Following its pioneering mass production of the globally dominant Passivated Emitter Rear Cell (PERC) cells and modules, Hanwha Q CELLS now becomes the fir
Doosan Enerbility is advancing its efforts to supply carbon-neutral power generation technologies, including Carbon Capture, Utilization, and Storage (CCUS) and ammonia co-firing, renewables, and hydrogen to Thailand. On Jan. 29, the company announced the signing of a memorandum of understanding (MO
SK D&D and SK gas announced on Jan. 16 that they have established a joint venture, SA Grid Solutions, with Apex Clean Energy, a U.S.-based renewable energy company, and signed an investment agreement for an Energy Storage System (ESS) business.Previously, in December 2023, SK D&D and SK gas founded
Iljin Electric disclosed on Jan. 16 that it secured a contract with Malaysia’s state-owned electricity utility, Tenaga Nasional Berhad (TNB), on Jan. 9. The US$36 million contract involves the supply of materials and connection construction for a 52.4 km, 275 kV high-voltage underground cable projec
SK ecoplant is strengthening cooperation with the US state of Nevada, which is rising fast as a hub for the U.S. electric vehicle and battery industry.SK ecoplant announced on Jan. 14 that it had a business meeting with Nevada Governor Joe Lombardo at a Las Vegas plant of its recycling subsidiary TE
Hanwha Q CELLS has signed the largest solar power contract in U.S. history with Microsoft.The solar power-specialized company announced on Jan. 8 (local time) that it has signed a contract with Microsoft to supply a total of 12 gigawatts (GW) of solar panels through 2032. This is an increase in size
Hyundai Motor India Limited (HMIL), announced Rs 6 180 Crore investment plans in the state of Tamil Nadu (this includes Rs 180 crore towards a dedicated ‘Hydrogen Valley Innovation Hub,’ in association with IIT- Madras). This is in addition to the Rs 20 000 Crore investment planned in a phased manne