Yu Jun-ho

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KHNP signs site evaluation service contract for nuclear plant with Uganda

1 month ago | pulse.mk.co.kr | Yu Jun-ho |Han Yubin

South Korea’s state-run Korea Hydro & Nuclear Power (KHNP) Co. has taken its first step toward exporting nuclear power to Africa by securing a site evaluation contract for a new nuclear power plant in Uganda. KHNP announced on Wednesday that it signed a contract with the Ugandan government in Entebbe on Tuesday for a site evaluation study for a new nuclear power plant.
Former Samsung CEO to establish government’s R&D strategies

1 month ago | pulse.mk.co.kr | Yu Jun-ho |Han Yubin

Kim Hyun-suk, former president at Samsung Electronics Co., has been appointed as the head of the government’s research and development (R&D) strategy division for the industry sector under the Ministry of Trade, Industry and Energy. The appointment was made on Tuesday.
Gas safety regulator eyes global expansion

1 month ago | pulse.mk.co.kr | Yu Jun-ho |Han Yubin

South Korea’s state-run gas safety regulator plans to shift from its traditional domestic focus to a more export-oriented strategy, its president said. Korea Gas Safety Corporation (KGS) President Park Kyung-guk told Maeil Business Newspaper in an interview that the state-owned firm would begin opening overseas branches to export its gas safety management systems. KGS has developed its safety systems through decades of experience, including responses to gas-related accidents.
KEPCO enjoys improved Q1 earnings on rate hikes, lower fuel costs

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.
Czech gov’t pre-approves nuclear deal with KHNP

1 month ago | pulse.mk.co.kr | Yu Jun-ho |Han Yubin

The Czech government pre-approved a $18 billion contract with South Korea’s KHNP to build two new nuclear reactors at Dukovany, clearing all regulatory hurdles ahead of a final court ruling. Czech Prime Minister Petr Fiala said on Thursday the deal would be signed “without delay” once the court lifts an injunction, which is blocking the agreement due to a legal challenge from France’s EDF, which also participated in the bid.
KHNP’s nuclear deal in Czech delayed over legal injunction

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

The signing of a final contract between South Korea’s Hydro & Nuclear Power Co. (KHNP) and Czech electricity firm CEZ to build a new nuclear power plant has been put on hold. On Wednesday, CEZ held a press conference following a court decision blocking contract conclusion. Its Chief Executive Officer Daniel Benes said that CEZ will appeal against the court injunction preventing it from signing the $18 billion deal with the KHNP.
Korean gov’t to expand policy funds for auto industry under U.S. tariff shock

2 months ago | pulse.mk.co.kr | Park Je-one |Han Chang-ho |Yu Jun-ho |Han Yubin

The South Korean government has decided to increase policy funding for the automotive industry to 15 trillion won ($10.4 billion), in response to U.S. tariffs. The move comes after the United States under President Donald Trump began imposing a 25 percent tariff on all vehicles produced outside the U.S. as of April 3 and plans to extend the same 25 percent tariff to auto parts starting on May 3.
Hyundai Motor Group accelerates U.S. strategy ahead of tariffs

Feb 17, 2025 | pulse.mk.co.kr | Kim Dong-eun |Yu Jun-ho |Han Yubin

South Korea’s auto giant Hyundai Motor Group is accelerating efforts to introduce a package of strategies ahead of the U.S. President Donald Trump’s proposed tariffs on imported vehicles. The package includes expansion of local production, its economic contributions to the U.S., and attractive service programs for U.S. consumers. According to Hyundai Motor Group on Sunday, it will ramp up local production to minimize the effects of tariffs.