Korea

KEPCO's first-quarter loss widened from a year earlier on lower electricity rates.

The Korea Southern Power Company has signed a Memorandum of Understanding with Pakistan's Chief Minister Sindh Syed Qaim Ali Shah to establish renewable 2,000MW wind power projects in Pakistan's Sindh province. The Korean Southern Power Company (KOSPO) signed the MoU with the Sindh Board of Investment to build a 2,000MW wind power project in Gharo-Keti Bandar wind corridor in the province. KOSPO had earlier completed an initial survey of the wind corridor, reports APP. South Korea is also expected to invest in other energy projects as well as coal field development, infrastructure and mass transit system worth a total of $6 billion, according to Sindh chief minister Syed Qaim Ali Shah  

Japanese Prime Minister Naoto Kan, Chinese Premier Wen Jiabao and South Korean President Lee Myung Bak agree that strong cooperation will be needed for Japan's rapid rebuilding.

KEPCO signed a deal with Denmark's DONG Energy to cooperate on energy technologies.

South Korea's oldest nuclear reactor is safe to operate, as a detailed inspection showed no problems with the unit that went into emergency shutdown last month due to an electrical glitch, the government said Friday.

South Korea's atomic safety experts says the country needs to learn from Japan's recent nuclear crisis and take concrete steps to strengthen its emergency readiness posture.

The Korea Hydro & Nuclear Power Co. announced that it will inspect all systems of the 33-year-old Gori-1 reactor. It will only authorize a resumption of operations if no problems are found.

OCI will spend US$1.7 billion on building a new plant in Korea that produces the key material for solar energy.

Hyundai-Avancis has started building work on South Korea’s largest CIGS thin-film solar module plant in Chungcheongbuk-do.

South Korea and the United States have agreed to carry out a joint study on safe ways to store spent nuclear fuel.

South Korean makers of solar energy materials are expected to see their sales nearly double this year amid aggressive corporate investment.

Hanwha will US$955 million on a new polysilicon plant to help double sales over the next five years.

Korea will spend $947 million this year for renewable energy development research and nuclear safety projects.

There were 89 nuclear reactor malfunctions in South Korea over the past 10 years that cost the country US$299 million.

South Korea will continue its atomic energy buildup despite the nuclear disaster unfolding in Japan.

South Korea plans to draw up a master plan to support future bids for overseas nuclear plant construction orders.