UTC Power
Scope
Date
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Advertising & Marketing
Korea's Innocean wins eight awards at Spikes Asia advertising festival
South Korea-based global marketing communications company Innocean said on Thursday that it received eight awards at the 2023 Spikes Asia, a prestig...
Mar 09, 2023 (Gmt+09:00)
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Construction
SK Oceanplant acquires patents for offshore wind power structure fabrication
SK Oceanplant, a South Korean ship and offshore plant builder formerly known as Samkang M&T, announced on Wednesday that it has acquired two pat...
Mar 08, 2023 (Gmt+09:00)
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Energy
S.Korea's SK Ecoplant, POSCO develop K-floating body with domestic tech
South Korea's SK Ecoplant Co. and POSCO on Wednesday said they secured basic design certification from the Norwegian classification body DNV for "K-...
Mar 08, 2023 (Gmt+09:00)
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Energy
LG Energy Solution to collaborate on Jeju offshore wind power pilot project
LG Energy Solution Ltd. said on Wednesday that its subsidiary AVEL had signed an agreement with Korea South-East Power Co. (KOEN) and Tamra Offshore...
Mar 08, 2023 (Gmt+09:00)
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Energy
S.Korea's LS Materials set to boost earnings ahead of IPO process
LS Materials Co., a South Korean energy storage devices maker, is slated to ramp up earnings to accelerate its initial public offering process this ...
Mar 07, 2023 (Gmt+09:00)
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Construction
Daewoo E&C completes Algerian power plant project amid pandemic
Daewoo Engineering & Construction Co., one of South Korea’s leading builders, said on Friday that it has completed an $830 million gas-fir...
Mar 03, 2023 (Gmt+09:00)
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Korean startups
Binance’s new NFT platform accused of copying Korean startup’s Chatcasso
Binance has been accused of copying a South Korean startup’s ideas and design of its artificial intelligence (AI)-powered non-fungible token (...
Mar 03, 2023 (Gmt+09:00)
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Electric vehicles
S.Korean EV charger maker lands $770 mn export deal in North America
South Korea's Moderntec, an electric vehicle (EV) charging solutions company, on Wednesday said it signed a three-year export contract with a partne...
Mar 02, 2023 (Gmt+09:00)
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Carbon neutrality
SK Ecoplant's Singaporean affiliate, Thailand's No. 2 conglomerate to develop green power
Singapore's TES, an electronic waste management specialist and subsidiary of South Korea's SK Ecoplant Co., will jointly pursue the development of e...
Feb 27, 2023 (Gmt+09:00)
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Batteries
Korean firms scurry to expand nickel, lithium supply chains
South Korea’s leading companies such as SK, POSCO, LG and LX are scurrying to expand their supply chains for lithium and nickel, key raw mater...
Feb 24, 2023 (Gmt+09:00)
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Energy
KHNP, Westinghouse in talks to resolve Poland reactor dispute
Korea Hydro & Nuclear Power Co. (KHNP) and Westinghouse Electric Co. are in negotiations to settle their dispute over reactor design licensing, ...
Feb 24, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung unveils new Exynos mobile chips for midrange smartphones
Samsung Electronics Co., the world’s largest memory chipmaker, has unveiled a duo of new Exynos mobile application processor (AP) chips to pow...
Feb 24, 2023 (Gmt+09:00)
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Energy
Doosan Enerbility promotes technology at world's largest energy exhibition
Major South Korean power plant builder Doosan Enerbility Co. announced on Wednesday that it has started promoting its nuclear power and gas turbine ...
Feb 22, 2023 (Gmt+09:00)
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Tech, Media & Telecom
KTS secures contract for LS Cable's undersea cable construction project
KT Submarine Co. (KTS), a South Korean undersea cable construction company, said on Tuesday that it signed a contract with LS Cable & System Ltd...
Feb 22, 2023 (Gmt+09:00)
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Logistics
CJ Logistics opens office in Poland to beef up European business
CJ Logistics said on Tuesday that it has opened an office in Wroclaw, Poland’s largest industrial city located in the southwest, as part of th...
Feb 21, 2023 (Gmt+09:00)
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Executive reshuffles
Hanwha accelerates generational shift with promotion of second son
South Korea’s chemicals-to-defense conglomerate Hanwha Group is accelerating its generational power shift by promoting the group chairman&rsqu...
Feb 14, 2023 (Gmt+09:00)
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Aerospace & Defense
Kepco E&C takes first step in protecting nuclear power plants from drones
Kepco Engineering & Construction Co. has teamed up with South Korea's defense company Terra Defense to establish a system aimed at protecting nu...
Feb 13, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor Group ranks first in US vehicle dependability study
Hyundai Motor Group has once again topped the U.S. Vehicle Dependability Study (VDS) conducted by J.D. Power, ranking first among 16 global automoti...
Feb 10, 2023 (Gmt+09:00)
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Hydrogen economy
Doosan joins forces with S.Australian gov't to expand hydrogen business
Doosan Fuel Cell plans to expand its hydrogen business overseas. The company on Thursday said it had signed an agreement with the state of Sout...
Feb 09, 2023 (Gmt+09:00)
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Energy
Hyundai Eng. promotes MMR nuclear power plant project in Poland
Hyundai Engineering is promoting a micro module nuclear power plant project in Poland, on the heels of completing a similar project in Canada.The co...
Feb 09, 2023 (Gmt+09:00)
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ESG
Chanel Korea to power its stores with renewable energy
Chanel Korea has taken a step toward reducing its carbon footprint by signing a memorandum of understanding (MOU) with Korea East-West Power. The ag...
Feb 09, 2023 (Gmt+09:00)
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Retail
CJ Olive Young faces discipline for abuse of power with suppliers
CJ Olive Young Co., South Korea’s top beauty store chain, will face punishment by the country’s antitrust regulator for abuse of power o...
Feb 08, 2023 (Gmt+09:00)
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Energy
Mirae Asset Securities signs long-term REC purchase contract
Mirae Asset Securities signed a long-term purchase agreement for solar renewable energy certificates (RECs) with Sunset Energy on Tuesday. Sunset En...
Feb 08, 2023 (Gmt+09:00)
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Energy
Doosan Enerbility, Siemens Gamesa join forces for offshore wind power
Major South Korean power plant builder, Doosan Enerbility Co., has entered into a strategic partnership with the world's No. 1 offshore wind power c...
Feb 07, 2023 (Gmt+09:00)
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Artificial intelligence
Online portal Naver to release AI-powered search chatbot in H1
South Korean online portal giant Naver Corp. is set to launch a beta version of Search GPT, an artificial intelligence-powered search service, in th...
Feb 03, 2023 (Gmt+09:00)
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Electronics
Taihan Cable to build ultra-high voltage power grids in Germany
South Korea's Taihan Cable & Solution Co. on Thursday said it won two orders to build high-voltage power grids in Germany.The deals are with Ten...
Feb 02, 2023 (Gmt+09:00)
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Business & Politics
Korea boosts energy cooperation with natural resource-rich W.Australia
South Korea has boosted its energy cooperation with Western Australia, the biggest of Australia's six states and packed with natural resources.Minis...
Jan 31, 2023 (Gmt+09:00)
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Perspectives
Korea’s nuclear power: Ample export opportunities ahead
The recent energy crisis dealt a particularly hard blow to Europe given its heavy dependency on Russian gas. The world was once again awakened to th...
Jan 30, 2023 (Gmt+09:00)
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Robotics
SK Telecom, Doosan Robotics launch AI-powered barista
South Korea's top mobile carrier SK Telecom Co. and Doosan Robotics Inc. have jointly launched an artificial intelligence-powered barista, SK Group'...
Jan 26, 2023 (Gmt+09:00)
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Electronics
Samsung launches 2023 wind-free air conditioner
South Korea's electronics giant Samsung Electronics Co. has released a lineup of new air conditioners that consume less energy.At the "New Air Solut...
Jan 26, 2023 (Gmt+09:00)