Korea Midland Power has closed financing for the 390MW Shinan-Wi offshore wind project, which will install 26 turbines and South Korea’s first commercial offshore substation.
EEW Group will expand its EEW KHPC facility in Gwangyang, South Korea, raising offshore wind foundation production capacity to more than 200,000 tonnes annually from the second half of 2027.
South Korea awarded 1,786 MW across five offshore wind projects in its first-half 2026 auction. Copenhagen Infrastructure Partners secured more than 1 GW through the Haesong 3 and Haewoori 2 projects.
A KHNP-led consortium has been named preferred bidder for Jeonbuk State’s 800 MW offshore wind project, the first phase of a planned 2.4 GW development off Buan County.
J Ocean Heavy Industries has signed an LOI to build four 114,000-ton tankers for Oceania shipowners while progressing with the acquisition of Gunsan Shipyard.
HD Hyundai Heavy Industries has agreed to sell its Gunsan shipyard to J Ocean Heavy Industries for KRW 780 billion as part of its non-core asset disposal plan.
All monopile foundations have been installed at South Korea’s 364.8 MW Yeonggwang Nakwol offshore wind farm, moving the project toward commercial operation later this year.
South Korea plans to launch its first domestically built nuclear-powered submarine by the mid-2030s under the Jangbogo N Project.
South Korea has launched a $23.9 million AI data platform project to support autonomous ship development with shipping companies and shipbuilders.
