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Kori Unit 1, Korea’s first nuclear reactor, ceases operations
President Moon Jae-in (center) delivered a speech at the ceremony to announce the retirement of Kori Unit 1, Korea’s first nuclear reactor, in front of the Kori Nuclear Power Plant, Gijang-gun, Busan, on June 19. President Moon said the end of Kori Unit 1’s operation is the first step on Korea’s path to reduced d...
Gov’t to expand discount on electricity bills linked to renewable energy consumption
The Ministry of Trade, Industry and Energy announced on March 29 that discounts on electricity bills for renewable energy user-producers will be expanded. The new amount of the discounts will equate to the value of up to 75 percent of renewable electricity generated and consumed. Under the current special rules to promote renewable energy, i...
Minister Joo attends launch of electric vehicle charging station in heart of Seoul
Trade, Industry and Energy Minister Joo Hyunghwan (left) checked out an electric vehicle charging equipment displayed in Yongsan Station in central Seoul, on February 9, during his visit to the station for the opening ceremony of the flagship downtown electric vehicle (EV) charging facility. The EV recharging station with 21 chargers is locat...
Minister Joo hosts finance and investment meeting for new energy projects
Trade, Industry and Energy Minister Joo Hyunghwan (second from right) held a finance and investment meeting for new energy businesses in Seoul on January 4 with Cho Hwan-eik, CEO of Korea Electric Power Corp.; Park Sang-woo, CEO of Korea Land and Housing Corp.; Kang Nam-hoon, president of Korea Energy Agency; and other major industry leaders. Minis...
Vice Minister Woo delivers speech at 1st 'Energy Future Forum' for 2017
Trade, Industry and Energy Vice Minister Woo Taehee delivered a speech on the 2017 energy policy direction at this year’s first 'Energy Future Forum' in Seoul on January 13. The Energy Future Forum is a monthly meeting, first held in 2011, that provides the energy industry and other related industries with the opportunity to disc...
Minister Joo attends investment forum on renewable energy business
Trade, Industry and Energy Minister Joo Hyunghwan(center) attended the ``New and Renewable Energy Business Investment Forum'' in Seoul on December 27, 2016. Minister Joo emphasized the importance of expanding investment in renewable energy businesses in view of their enhanced stability. On the same day, he signed a memorandum of understanding...
Korea, Denmark join heads to discuss green growth
Trade, Industry and Energy Vice Minister Woo Taehee (third from right, front row) delivered his keynote speech at the 6th Korea-Denmark Green Growth Alliance Meeting, held under the theme of the ``Energy Transition Towards a Greener Future’’ in Seoul on Oct 25. In his speech, the Vice Minister highlighted the ...
Korea, UAE signs deal to set up JV for Bakarah nuclear plant operation
Trade, Industry and Energy Minister Joo Hyunghwan (left, back row) attended a contract signing for a joint venture deal to operate the four reactors under construction in Bakarah, the United Arab Emirates, with his counterpart Khaldoon al-Mubarak (right, back row), chairman of Executive Affairs Authority for the Emirate of Abu Dhabi. K...
Minister Joo visits UAE nuclear power plant construction site
Minister of Trade, Industry and Energy Joo Hyunghwan (center) visited the Barakah nuclear power plant complex in the United Arab Emirates on Oct 19 to encourage the dispatched Korean workers at the site. Korea has been building four APR-1400 nuclear reactors with home-grown tec...
Korea to operate four nuclear reactors in UAE for 60 years
Korea and the United Arab Emirates signed a deal to set up a joint venture to operate four nuclear reactors under construction in Bakarah ,the United Arab Emirates, on Oct 20 in Abu Dhabi. Under the deal, the UAE’s nuclear operator and the Korea Electric Power Corporation, the prime contractor for UAE’s first nuclear pl...