Latest news with #Doosan
Forbes
4 days ago
- Business
- Forbes
These Korean Whiskeys Are Giving Japan And Scotland A Run For Their Money
A line of tasting glasses filled with different types of Whiskies for tasting, with the focus on the ... More second glass, the rest is out of focus For years, whisky in Korea was something you poured at a karaoke bar to impress your boss—or drank with imported Scotch while making awkward small talk at a business dinner. But in the past few years, the country's relationship with whiskey has shifted from boardroom obligation to genuine obsession. Today, a new generation of distillers is shaping Korea's whisky future with locally distilled, aged, and blended spirits that stand proudly on their own. It's not just imitation Scotch anymore—these bottles are uniquely Korean, expressive, and in many cases, surprisingly delicious. Here's what you need to know about Korean whisky's roots, and a few bottles you should seek out if you want to drink like you're ahead of the trend. Glass of whiskey with ice cubes on the old barrel. With copy space on wooden background Whisky in Korea has long been synonymous with imports—mostly Scotch and, more recently, Japanese whisky. Local conglomerates like HiteJinro and Doosan dabbled in bottling blends under license, but true domestic whisky? Not so much. That started to change in the 2010s. Changes to Korea's liquor laws made small-scale distilling more feasible, and a few adventurous makers—some with Scotch whisky pedigrees—began laying down barrels. Thus the country's decision to go with that whisky spelling rather than whiskey. Now, Korea is starting to produce some genuinely interesting whiskeys of its own. They may not have decades in the barrel (yet), but they do have something Scotch never will: a Korean passport and a local perspective. Ki One 'Tiger Edition' Namyangju, Gyeonggi Province Three Societies is where Korean whisky officially found its cool older cousin who studied abroad and came back with stories. Founded by Korean-American entrepreneur Bryan Do and helmed by Scottish master distiller Andrew Shand (formerly of The Macallan), this is the country's first true single malt distillery. The Ki One Tiger Edition—their first release—was bottled at a cask-strength 56.2% ABV and made from 100% Korean barley. It's got warm notes of roasted chestnut, apricot jam, grain biscuits, and a whisper of citrus peel, with a surprisingly structured finish for something so young. Think of it as Korea's whisky debutante ball—and yes, she wore tiger stripes. The Signature Busan Golden Blue is kind of like Korea's Crown Royal: loved, ubiquitous, and smoother than you'd expect. It's technically a blend and clocks in at a modest 36.5% ABV, which means it's legally whiskey in Korea, but it might raise eyebrows elsewhere. That said, this is a bottle built for session sipping. The Signature offers flavors of light honey, grain toast, and a faint floral tea finish, and it goes down easier than a Zoom call with the camera off. It's especially popular with Korean drinkers who are just starting to explore whisky, or anyone who wants to feel fancy without working too hard for it. Photography of a glass whisky with ice. North Gyeongsang Province Named after Korea's mythical white tiger and Mount Paektu (the spiritual 'roof' of the Korean peninsula), this new distillery is aiming for myth-making right out of the gate. And surprisingly? They might just pull it off. The Paektu Malt offers delicate notes of Asian pear, almond, oak spice, and jujube, wrapped in a silky texture that suggests careful blending and a lot of taste-testing (for science, of course). With more regional cask experiments on the way, White Tiger could be the one to watch if you like your whisky with a backstory and a bite. Korean whiskey is still in its early chapters—but it's already telling some compelling stories. While many of these bottles are hard to find outside Korea (for now), that's part of the fun. Next time you're browsing the spirits aisle or stocking your global whiskey shelf, leave a little room for Seoul. You'll be glad you did.
Korea Herald
5 days ago
- Business
- Korea Herald
Nuclear boom propels Doosan to 7th among Korea's largest chaebol groups
Doosan Enerbility eyes global expansion as US, Europe reignite nuclear ambitions Doosan Group, a Korean power generation-to-heavy equipment conglomerate, has shaken up the leaderboard of the country's largest conglomerates as its listed companies, namely Doosan Enerbility, saw their stock prices surge in the first five months of this year on the back of the United States doubling down on nuclear energy. According to the Korea Exchange, the combined market capitalization of Doosan Group's seven listed companies, including Doosan Bobcat, Doosan Enerbility, Doosan Fuel Cell and Doosan Robotics, stood at approximately 47.9 trillion won ($35.2 billion) as of 2:40 p.m. on Thursday. With this, Doosan has found itself sitting in the seventh place on the list of the biggest conglomerates in Korea, led by Samsung, SK, Hyundai Motor and LG. Doosan, which was outside the top 10 standings at the end of last year, saw its rankings go up to the 10th place in December and continued to make its way up the ladder to overtake other conglomerates such as Posco, Kakao and Celltrion. Doosan Enerbility, a power generation equipment and construction firm, played a pivotal role in shooting up the conglomerate's market capitalization. The stock price of Doosan Enerbility soared to reach 45,650 won per share during intraday trading on Thursday, a whopping 160 percent jump from the 17,550 won per share at the end of last year. As Doosan Enerbility's Kospi standings leaped to as high as the 13th last month from the 37th spot at the end of 2024, it accounted for some 80 percent of Doosan Group's 19-trillion-won market cap growth during that period. Doosan Enerbility's surging stock price is now expected to gain even more, as US President Donald Trump signed a series of executive orders to reestablish America as the global leader in nuclear energy last week after repeatedly pledging to revive the country's nuclear energy sector. As the US aims to increase the country's nuclear energy capacity from 100 gigawatt today to 400 GW by 2050 and have 10 new large nuclear reactors with complete designs under construction by 2030, Doosan Enerbility finds itself in a favorable business environment based on its experiences in building nuclear reactors and plants. Hur Min-ho, an analyst at Daishin Securities, noted in a recent report that the US executive orders 'will speed up the entrance' of Korean nuclear power firms in the US, the largest nuclear power plant market in the world. The US is not the only market Doosan Enerbility has set its eyes on. It is also a key member of Korea's consortium led by state-run Korea Hydro & Nuclear Power and Korea Electric Power Corp, which is only a few steps away from finalizing a $18 billion nuclear power project with the Czech Republic due to a court injunction blocking the contract signing. '(Doosan Enerbility) has not only supplied key equipment for (the Korean consortium's) Czech project but also delivered nuclear reactors and steam generators to Westinghouse's US- and China-bound AP1000 and is in discussions for supplying equipment to Westinghouse's order for three power plant projects in Poland and two power plant projects in Bulgaria,' said Hur. Doosan Enerbility is also pinning hopes on Kepco's power plant export talks with Vietnam, Saudi Arabia and Turkey along with other countries. Yang Il-woo, an analyst at Samsung Securities, said the International Energy Agency and International Atomic Energy Agency project forecast that the global energy production from nuclear power plants will triple by 2030 with the active implementation of innovative technologies such as small modular reactors. "European countries such as Denmark, Italy and Spain have become favorable toward nuclear power plants. … India plans to triple its nuclear power plant capacity by 2032 while Egypt and Turkey are looking to build new nuclear power plants,' said Yang. 'In terms of nuclear power plants as investment factors, Doosan Enerbility's price-to-earnings ratio will be high.'
Yahoo
16-05-2025
- Business
- Yahoo
NuScale expects 77-MWe design approval in July, first SMR order by December
This story was originally published on Utility Dive. To receive daily news and insights, subscribe to our free daily Utility Dive newsletter. NuScale Power is in advanced discussions with several potential customers for its small modular reactor technology and could deliver an operating power plant in 2030 'if we get closure on a deal here soon,' CEO John Hopkins said Monday during a first-quarter earnings call. NuScale remains on track for an expected July approval from the U.S. Nuclear Regulatory Commission for its uprated 77-MW electric design, the company said in a news release Monday. Manufacturing partner Doosan has 12 NuScale modules in production now and could deliver 20 per year as orders materialize, Hopkins said. NuScale envisions four-, six- and 12-module deployments, with plant outputs ranging from 308 MWe to 924 MWe. NuScale continues front-end engineering work as a subcontractor for Fluor Corporation's 462-MWe power plant project in Romania, but has yet to finalize a module supply deal of its own. That could change soon, Hopkins suggested Monday, previewing a visit with executives from a prospective customer next month to Doosan's module forging plant in South Korea. 'Our focus right now is to get closure on near-term contracts. We are no longer chasing or announcing [memoranda of understanding],' he said. 'We're actually in the process of submitting and negotiating term sheets. We've got customers that [want] to … touch steel.' Possible early power customers include large data center operators, other heavy industrial customers and utilities, NuScale said in the Monday news release. Any deal would involve multiple parties, NuScale Chief Financial Officer Ramsey Hamady said Monday. The module buyer would likely be a power plant operator, which would work with an offtaker, probably a 'tier one data center or AI developer,' he said. Other parties could include a site operator, such as a utility, along with capital partners and NuScale's exclusive plant development partner, ENTRA1. NuScale's focus on nuclear technology development and power plant services contrasts with advanced nuclear competitors like Oklo, whose 'build-own-operate' business model encompasses a wider range of roles. NuScale's contribution to SMR projects is akin to 'the chip in the Dell computer,' Hopkins said. Like Oklo, which inked a nonbinding agreement with data center developer Switch for up to 12 GW of capacity over 20 years, NuScale has openly courted IT and AI customers. But its Q1 2025 investor presentation highlighted its power plants' usefulness across energy-intensive operations like large-scale hydrogen electrolysis, water desalination and brine waste processing, carbon capture and petrochemical production, as well. It also reiterated the company's 'confidence in a firm customer order by the end of 2025.' NuScale has about two years of operating runway on its current course, Hamady said. The company has 'a few different revenue sources,' including the sort of pre-engineering work it's doing on the Romanian power project, but a committed power plant project would change its financial outlook 'in a positive way,' he said. NuScale would expect to book about 25% of its revenue from module sales during the deal's first year — enough to make the company cash-flow positive, Hamady said. But Hamady cautioned that multiple orders in the first year might be a challenge given the present tightness of the nuclear supply chain. The hope is that supply constraints prove temporary, at least for NuScale. 'Once we have a first contract, I think you'll see more money going into the supply chain in order to increase capacity,' he added. 'We'll be in a great place if our biggest challenge is keeping up with orders.' Recommended Reading SMRs, not large reactors, are 'future of nuclear power': ITIF Sign in to access your portfolio
![[Photo News] Doosan deepens Czech ties](/_next/image?url=https%3A%2F%2Fwimg.heraldcorp.com%2Fnews%2Fcms%2F2025%2F05%2F14%2Fnews-p.v1.20250514.a7846f85922d44479ab9473c74333c7c_T1.jpg&w=3840&q=100)
Korea Herald
14-05-2025
- Business
- Korea Herald
[Photo News] Doosan deepens Czech ties
Doosan Enerbility Chair and CEO Park Gee-won (right) speaks with Czech President Petr Pavel during a reception for the Prague Spring International Music Festival at Smetana Hall in Prague on Monday. The Korean power plant company is sponsoring the traditional music event as part of its efforts to expand its presence in the Czech Republic. Doosan is also part of a Korean consortium recently named the preferred bidder for an $18 billion contract to build two reactors at the Dukovany nuclear power plant. (Doosan Enerbility)
Korea Herald
13-05-2025
- Business
- Korea Herald
Doosan launches AI lab to drive next-gen machinery innovation
Korean machinery conglomerate joins hands with Stanford's Institute for Human-Centered AI Doosan has established the Physical AI Lab, a new body dedicated to advancing and overseeing artificial intelligence innovation in its major business sectors such as robotics, construction equipment and generators, the Korean machinery conglomerate said Tuesday. According to Doosan, the PAI Lab will draft a long-term roadmap to lead the intellectualization of the company's various hardware-oriented businesses by developing key technologies and seeking collaboration and investment with leading players in the AI field. As part of efforts to bolster the launch of the PAI Lab, Doosan recently signed a partnership with the Stanford Institute of Human-Centered AI, or HAI. With the Stanford HAI institute, which was set up in 2019, Doosan will carry out multiple joint research projects on AI technology and foster a joint network of AI professionals which the company could later recruit. Doosan highlighted that strengthening physical AI technology, which applies AI to machinery to conduct tasks in different working environments, will benefit its core affiliates' businesses. Doosan Robotics, a collaborative robot manufacturer, is expected to develop solutions that enable its products to have flexible reactions based on automated recognition, judgment and interactions. Doosan Bobcat, a heavy equipment producer, will look to develop machines that can autonomously come up with and implement work plans. At Doosan Enerbility, a power plant firm, AI technology can enable machines at a power plant to interact on their own to maximize the efficiency of energy generation. 'We are planning on bringing in a guru in the global AI academia and industry to lead the PAI Lab,' said a Doosan official. 'We expect the PAI Lab to be at the center of cooperating with our affiliates and take the lead in the physical AI markets related to each company's business area, while discovering new business models and expanding portfolios.'
