Trade, Industry and Energy Minister Moon Sungwook held Korea-Saudi Energy policy talks with Saudi Energy Minister, Prince Abdulaziz bin Salman al-Saud at Saudi Arabia’s Riyadh Chamber of Commerce and Industry on January 5, 2022.

Addressing the strong energy cooperation of the two countries regarding oil, nuclear power and such conventional energy sources, the two Ministers agreed to strengthen their public-private policy efforts for bringing about an energy transition to a lower carbon economy, including collaboration in renewables and hydrogen energy.

The meeting was also attended by Korean and Saudi corporations including KEPCO, H2Korea, Aramco, and SABIC. Minister Moon also met with Korean local entrepreneurs to discuss measures for expanding Korea-Saudi business exchange, noting that building on the momentum of Saudi Vision 2030, "new opportunities can be opened up in areas like hydrogen and bio-industry as well.”