EWP President Park Il-joon and Donghae Mayor Shim Gyy-eon pose after they signed an MOU to supply heat from fuel cell power plants to public entity facilities.EWP will be first Korean company to supply heat from fuel cell power plants to public entity facilities. EWP signed an MOU with Donghae City,…

Yang Su-yeong, president of KNOC, inspects the moves of stockpiled oil at the Pyeongtaek Base. The Korea National Oil Corporation (KNOC) announced in April that it will purchase 490,000 barrels of crude oil and 150,000 barrels of diesel oil this year with a budget of 31.4 billion won.According to th…

President Chae Hee-bong of Korea Gas Corp. (KOGAS) Korea Gas Corp. (KOGAS) is putting out all the stops to brace for the launch of an era led by the hydrogen economy. KOGAS is doing its best to make the nation a hydrogen industry leader. The government has selected hydrogen as one of the nation’s t…

President Hwang Chang-hwa of Korea District Heating Corp. (Photos: KDHC)Korea District Heating Corp. (KDHC) is in emergency management mode to cope with the economic fallout caused by the novel coronavirus.KDHC said on April 20 that the company was entering full-fledged emergency management mode fol…

Chairman and President Chung Yang-ho of Korea Evaluation Institute of Industrial Technology (KEIT).Korea Evaluation Institute of Industrial Technology (KEIT) said on May 16 that the Ministry of Trade, Industry and Energy (MOTIE) instituted special directions to support SMEs and “superstars,” which…

A view of loading undersea cables produced by LS Cable & Systems.LS Cable & System (LS C&S) has secured growth foothold by landing the largest-ever order from the European electric cable market. LS C&S has signed two contracts with TenneT, the Dutch electricity transmission system op…

Dongkuk Steel Vice Chairman Jang Sae-wook.Dongkuk Steel chalked up 56.2 billion won in operating profit in the first quarter of this year on a consolidated basis, becoming a profitable when compared to the previous quarter. The figure represents a 16.3 percent surge over the same period a year ago. …

DX520LC-9C, a hot-seller excavator produced by Doosan Infracore. (Photo: Doosan Infracore)Doosan Infracore has enjoyed a winning streak in China by getting orders for large-sized excavators, as the Chinese construction machinery market has begun to show positive signs of recovery. Doosan Infracore s…

POSCO Chemical’s anode material plant in Sejong City. (Photo: POSCO Chemical)EV batteries have the potential to be an economic engine every bit as important for the nation’s economy as semiconductors. One day EV batteries may even replace the seconders for industrial prominence, Korea’s mainstay …