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Biz & Tech

Energy

Sun, April 5, 2020 | 13:05

$Doosan Heavy may separate Infracore, Bobcat for survival$

Doosan Heavy may separate Infracore, Bobcat for survival

Liquidity-stricken Doosan Heavy Industries & Construction is under pressure to separate its subsidiaries, Doosan Infracore and Doosan Bobcat, in an effort to save the entire business group from a complete collapse, sources said, Wednesday.

2020-04-01 17:10

SK Energy's Ulsan facility ready for operation

SK Energy's Ulsan facility ready for operation

SK Energy has completed test operations of its vacuum residue desulfurization (VRDS) facility in Ulsan, 43 days after the company finished construction of the plant that produces low-sulfur fuel oil, the country's leading oil refinery and gas station operator said Sunday.

2020-03-29 17:16

SK Innovation, S-Oil to stabilize business through crisis management

SK Innovation, S-Oil to stabilize business through crisis management

SK Innovation, Korea's leading refinery, and S-Oil both expressed concerns over the uncertain business environment and promised to maintain stability through crisis management.

2020-03-26 16:43

Doosan Heavy struggling to stay afloat

Doosan Heavy struggling to stay afloat

Doosan Heavy Industries & Construction Co., the country's largest power equipment maker, is struggling to stay afloat, asking employees to take paid leave to cover for ballooning losses following a sharp drop in orders due to the government's cancellation of nuclear and coal-fired plants and a slump in the global power generation market.

2020-03-15 17:12

KEPCO in dilemma over electricity rate hike

KEPCO in dilemma over electricity rate hike

The Korea Electric Power Corp. (KEPCO) is in a quandary over electricity pricing, as it is seeking to increase rates in order to prop up its deteriorating bottom line and declining share price. Doing so, however, may cause public outrage prior to the upcoming general election.

2020-03-11 16:34

Researchers win best paper award for fuel cell technology

Researchers win best paper award for fuel cell technology

A Korean research team has been recognized for its paper dealing with next-generation fuel cell technology that generates efficient and eco-friendly electricity from ceramic electrolytes.

2020-03-09 17:17

S-Oil donates W500 mil. For COVID-19 fight

S-Oil donates W500 mil. For COVID-19 fight

S-Oil said Thursday that it had donated 500 million won ($421,450) to the Korea Disaster Relief Association to help the country's battle against the COVID-19 outbreak.

2020-03-05 15:01

Hanwha heirs rise to forefront of group management

Hanwha heirs rise to forefront of group management

Hanwha Group heirs Kim Dong-kwan and Kim Dong-won will show a greater presence in the group's leadership, as they move to take charge of the conglomerate's main businesses of solar energy and finance, respectively.

2020-03-04 17:21

Explosion at Lotte plant

Explosion at Lotte plant

Firefighters survey the scene of a massive explosion at a Lotte Chemical plant in Seosan, South Chungcheong Province, Wednesday. At least 26 company employees and nearby residents were injured. Yonhap

2020-03-04 16:44

LS Cable wins submarine cable contract

LS Cable wins submarine cable contract

LS Cable & Systems, a leading South Korean cable manufacturer, has signed a contract with a Saudi Arabian company to produce submarine cable connecting a 25 kilometer stretch of Bahrain's tourist islands.

2020-03-03 16:08

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