Tag: South Korea

Samsung Electronics HQ March 2011When South Korea announced its “green new deal”  early in 2009, it shook the world. The United Nations hailed it as an answer to the world’s woes. Korea would teach us all that low-carbon businesses could create employment.

But the UN had failed to understand Korean politics and propaganda. Two years on – more than half-way through the project – confusion reigns. Government departments are no longer collating the data needed to know whether the plan is working.

At the end of 2009, South Korea’s Kepco surged past French, US and Japanese competitors to win one of the world’s biggest nuclear tenders on offer – a $20.4bn contract to develop a civilian nuclear programme for the United Arab Emirates.

A year later, the sector’s more established players are fighting back. After 8 months of bilateral talks, South Korea failed to reach a deal to build a nuclear power plant for Turkey in the Black Sea province of Sinop. Instead, Taner Yildiz, Turkey’s energy minister, has just entered exclusive negotiations with another contender: Tokyo.

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