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Han Jae-beom

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  • 1 week ago | pulse.mk.co.kr | Han Jae-beom |Han Yubin

    The trade imbalance between South Korea and the United States is expected to gradually ease as the proportion of local procurement by Korean companies operating in the U.S. continues to rise, a report showed on Thursday. According to a report released by the Korea International Trade Association (KITA), U.S. imports from Korea increased by $36.6 billion between 2021 and 2024.

  • 2 weeks ago | pulse.mk.co.kr | Han Jae-beom |Woo Jae-yoon |Han Yubin

    The United States is expected to order up to 448 industrial and military vessels from South Korea by 2037, creating opportunities for local shipbuilders, according to a report released on Monday by the Federation of Korean Industries (FKI). The forecast is based on the Shipbuilding and Harbor Infrastructure for Prosperity and Security for America Act of 2025 (SHIPS for America Act), introduced in April 2025, alongside the U.S. Navy’s shipbuilding and retirement plans for 2025.

  • 2 weeks ago | pulse.mk.co.kr | Han Jae-beom |Han Yubin

    SK Innovation E&S Co., a South Korean provider of advanced renewable and clean energy solutions, is eyeing global expansion with the commercial operations of its offshore wind farm in Tân Phú Đông, Vietnam. Located near the Mekong Delta, the 150-megawatt (MW) near-shore facility consists of 36 massive wind turbines, each with a capacity of 4.2 MW. Maeil Business Newspaper recently visited the Tân Phú Đông offshore wind power complex.

  • 2 months ago | pulse.mk.co.kr | Chu Dong-hun |Han Jae-beom |Han Yubin

    South Korea’s oil refining, petrochemical, and battery companies are expected to face a huge setback in their businesses due to the political aftermath of the presidential impeachment, which has halted industry support policies. According to industry sources, the government’s planned announcements on energy and industrial restructuring have been pushed back following the impeachment and a snap presidential election set for June 3.

  • 2 months ago | pulse.mk.co.kr | Han Jae-beom |Han Yubin

    Ulsan Gas Power Solution (UGPS), a subsidiary of SK Gas Co., is expanding its presence with the commercial operations of world’s first liquefied natural gas (LNG) and liquefied petroleum gas (LPG) combined cycle power plant in Ulsan, a city in the southeast of South Korea. Since going into full-scale commercial operations in December 2024, the plant has been capable of generating 1.2 gigawatts (GW) of electricity annually, which is enough to supply power to about 2.8 million households.

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