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Shin Yoo-geoung

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Articles

  • 2 weeks ago | pulse.mk.co.kr | Shin Yoo-geoung |Han Yubin

    South Korea’s state-run Korea Hydro & Nuclear Power Co. (KHNP) is preparing to enter the U.S. nuclear power plant decommissioning market next year, betting on growing global demand for dismantling aging reactors. According to the public information disclosure system for state-run institutions on Sunday, KHNP recently announced its corrective action plan for issues raised during a National Assembly audit, revealing its goal to enter the U.S. decommissioning market next year.

  • 1 month ago | pulse.mk.co.kr | Shin Yoo-geoung |Han Yubin

    The South Korean government has designated seven regions, including Jeju Island and Haenam in South Jeolla Province, as distributed energy zones, granting them regulatory exemptions and access to lower electricity rates. The Ministry of Trade, Industry and Energy announced on Wednesday that it held a working committee meeting on distributed energy zones and selected seven out of 11 applicant local governments as final candidates.

  • 1 month ago | pulse.mk.co.kr | Shin Yoo-geoung |Han Yubin

    South Korea’s state-run power utility Korea Electric Power Corp (KEPCO) is pushing to jointly construct power grids and social infrastructure (SOC) with local governments, to ease residential resistance and speed up delayed grid projects. The move comes amid growing resistance from residents in cities including Hanam, Gyeonggi Province, which has stalled permit approvals for a project to build an electrical substation despite a favorable ruling from an administrative committee in December 2024.

  • 1 month ago | pulse.mk.co.kr | Shin Yoo-geoung |Han Yubin

    China’s aggressive purchases of “black mass” in South Korea are straining the country’s battery recycling industry, driving up raw material costs and forcing some domestic recyclers to consider exiting the market. Black mass, or the powdery residue of shredded used batteries, is a critical input for manufacturing cathode materials in lithium-ion batteries.

  • 1 month ago | pulse.mk.co.kr | Shin Yoo-geoung |Yu Jun-ho |Han Yubin

    South Korea’s state-run power utility Korea Electric Power Corp. (KEPCO) reported its strongest first-quarter earnings since 2016, driven by electricity rate hikes and declining international fuel prices. KEPCO announced on Tuesday that it posted an operating profit of 3.75 trillion won ($2.6 billion) in the first quarter, up 188.9 percent from the same period a year earlier. Sales rose 4 percent year-on-year to 2.22 trillion won.

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