Toray Advanced Materials is poised to mass produce carbon fiber at its first plant in Gyeongsangbuk-do starting next January. The company plans to launch a project to build its second carbon fiber plant this month.“We’ll cut the production cost of carbon fiber to half the current cost, and if we h…

Chairman Chung Joon-yang of POSCO was elected vice chairman of the World Steel Association at the association’s annual conference in New Delhi, India, from Oct.8-12, POSCO said recently.The POSCO chairman will serve as vice chairman for three years from Oct. 2012 to Oct. 2015 and a member of the ch…

Korea National Oil Corp. has focused on the exploration of non-traditional energy resources that can be extricated from large boulders and sands such as shale oil, shale gas, and super heavy oil to replace traditional fossil fuels, the state-run oil company said recently.The cost for the exploration…

Korea National Oil Corp. has focused on the exploration of non-traditional energy resources that can be extricated from large boulders and sands such as shale oil, shale gas, and super heavy oil to replace traditional fossil fuels, the state-run oil company said recently.The cost for the exploration…

Korea Electrical Safety Corp. (KESCO) recently began to use its “non-suspension” power meter checking system to reduce economic losses from power suspension when checking power meters.Such major industries as petrochemical, steel, and semiconductor could incur huge losses if power is switched off …

The nation has entered another round of its electricity conservation drive during the period between September and November. The public energy conservation campaign has paid off, tiding over a power shortage crisis during the summer season, but the nation is still on an emergency footing against a p…

GS Caltex will supply all kinds of oil to government agencies including local autonomous governments in an effort to cut the government’ s oil bills.The government announced on Aug. 29 its public sector oil supply procurement promotion results decided at the meeting of officials in charge of price …

Korea District Heating Corp. (KDHC) is firing on all cylinders to implement low-carbon, green growth projects during the second half of this year, KDHC officials said.KDHC is striving to pursue sustainable low-carbon, green growth by spreading district heating and cooling services, and developing ne…

Korea District Heating Corp. (KDHC) is firing on all cylinders to implement low-carbon, green growth projects during the second half of this year, KDHC officials said.KDHC is striving to pursue sustainable low-carbon, green growth by spreading district heating and cooling services, and developing ne…