OCI sells US affiliate for 451 bln won.

OCI sells US affiliate for 451 bln won.

OCI Co., South Korea’s leading solar power company, said Monday that it has decided to sell its US affiliate for 451 billion won ($385 million) as part of efforts to improve its financial status. In a regulatory filing, OCI said it has agreed to sell OCI Solar San Antonio 6 LLC. The company did not […]

Hanwha chairman bets on solar energy for future growth.

Hanwha chairman bets on solar energy for future growth.

It can’t be denied that the South Korean economy is dominated by conglomerates. And while they may appear to be pretty much the same on the outside, each is busy seeking their own individual strategy for the future. Hanwha Group is no exception to this. On July 5, Hanwha Group chairman Kim Seung-youn visited the […]

RES looks to South Korea for offshore growth.

RES looks to South Korea for offshore growth.

RES and Dohwa Engineering have signed a memorandum of understanding (MoU) to cooperate on offshore wind development in the Korean peninsula. The partnership brings together RES’s expertise and experience in offshore development in Europe and the US with Dohwa’s local knowledge and contacts. The agreement covers the whole of South Korea. “RES sees the Far […]

Bendy solar cells so thin and flexible they wrap around a pencil.

Bendy solar cells so thin and flexible they wrap around a pencil.

Scientists in South Korea have developed ultra-thin photovoltaics flexible enough to wrap around the average pencil. The bendy solar cells could power future wearable electronics, such as fitness trackers and smart glasses. The researchers made the ultra-thin solar cells from the semiconductor gallium arsenide. They stamped the cells directly onto a flexible substrate without using […]

Korea Hydro & Nuclear Power raised a $500 million.

Korea Hydro & Nuclear Power raised a $500 million.

Korea Hydro & Nuclear Power raised a $500 million five-year fixed-rate senior unsecured bond at a yield of 2.875% on Wednesday, following the footsteps of other local companies that have accessed international bond markets in recent weeks. The bond from the subsidiary of Korea Electric Power was three times oversubscribed and priced 10bp tighter than […]