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…

The Korea Electrical Safety Corp. (KESCO) held a prize ceremony to present the 2012 Korea Electricity Safety Award at the Convention Diamant in Samseong-dong, Seoul, on Sept. 7.Among those on hand at the 2012 Electricity Safety Day anniversary ceremony were Lee Kwan-sup, assistant minister of energy…

Authorities in the United Arab Emirates have given the green light to the construction of the Barakah Nuclear Power Units 1&2 being built with Korea’ s homegrown technology for the first time overseas.The Federal Authority for Nuclear Regulation (FANR) issued a license to construct two Korean-d…

Korea Post has become a savior among investors in securities as it continues to invest in securities firms whenever stock prices fall. On July 24, the postal authority had its insurance business unit invest 50 billion won each in the equity-linked securities (ELS) products of Woori Investment and Se…

STX Offshore and Shipbuilding continues to add to its series of successful orders for merchant ships and value-added vessels.The shipyard has received orders for two 50,000-DWT tankers from a Greek shipping company. It was followed by orders for two 6,500-CBM LPG carriers in Athens a week later. The…

Chairman Han Duck-soo of the Korea International Trade Association said the association will invest heavily in the surge in online trading in an effort to expand foreign trade for Korea.Chairman Han made the remark at KITA’s 66th anniversary on July 30 in a ceremony held at the InterContinental Hot…