Foreign Firms Exit Korea Offshore Wind
8, April 2026
Foreign developers are leaving Korea’s offshore wind sector as delays, rising costs, and weak returns slow projects and shift attention to government-led development.
South Korea
S.Korea Nakwol Offshore Wind Hits 72.8%
25, March 2026
South Korea’s Nakwol Offshore Wind Power Project has reached 72.8% completion, with the 364.8 MW development set to more than double the country’s offshore wind capacity once finished.
Vestas Builds Korea Offshore Wind O&M Base
24, March 2026
Vestas, KPS and KMC Line signed an MoU to support offshore wind O&M in South Korea through technician training, workforce development and project cooperation.
South Korea Shifts Offshore Wind to Planned Site System
21, March 2026
South Korea will introduce a government-led planned site system for offshore wind from 26 March, replacing the developer-led approach with integrated permitting and a new policy framework.
Police Investigate Death at HD Hyundai Shipyard
19, March 2026
A Vietnamese worker was found dead at an HD Hyundai Heavy Industries shipyard on 18 March, and police are investigating the circumstances of the case.
South Korea Seeks Support for Hanwha Philly Yard
19, March 2026
South Korea asked for tariff relief and policy backing for Hanwha’s Philly Shipyard as Seoul and Pennsylvania discussed permits, infrastructure, labor support, and wider shipbuilding growth.
South Korea Moves to Contain Naphtha Risk to Shipyards
19, March 2026
South Korea is working to secure alternative naphtha supplies after Middle East export disruptions raised concern over ethylene availability and possible effects on steel plate cutting at shipyards.
South Korea Backs Green Shipping Corridors
16, March 2026
South Korea has passed the Green Shipping Corridor Support Act, requiring a five-year master plan and support measures for low-emission shipping routes and port infrastructure.
South Korea Eyes Skilled Migrants for Shipyards
12, March 2026
South Korea’s Justice Ministry plans visa changes to attract more skilled foreign technicians to shipbuilding as yards face labor shortages and Ulsan’s regional visa pilot remains under review.
