Ministry of Trade, Industry and Energy

Minister Bang meets with U.S. Special Presidential Envoy for Climate

Trade, Industry and Energy Minister Bang Moon Kyu met with U.S. Special Presidential Envoy for Climate John Kerry on November 16 in San Francisco and discussed policies for climate crisis response and agenda items for the upcoming 28th session of the Conference of the Parties (COP28) to the UN Framework Convention on Climate Change (UNFCCC). date2023-11-20

Korea and U.S. hold Clean Energy Business Roundtable

Trade, Industry and Energy Minister Bang Moon Kyu and U.S. Under Secretary of State for Economic Growth, Energy, and the Environment Jose W. Fernandez led the 'Korea-U.S. Clean Energy Business Roundtable' held on the sidelines of the APEC Leaders’ Summit on November 16 in San Francisco. The roundtable was held to facilitate discussions on the need for carbon free energy sources, investment in energy infrastructure and challenges and tasks in expanding carbon free energy and clean power. T date2023-11-20

Korea to participate in MMRV framework as one of 13 founding members

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 16 that Korea will participate in the measurement, monitoring, reporting, and verification framework (MMRV Framework) as one of the 13 founding members along with the U.S., EU, Japan, and Australia in order to create an objective system for measuring methane emissions across the natural gas supply chain. Methane (CH4), the main component of natural gas at around 80%, is known as the second cause of global warming after car date2023-11-17

Minister Bang promotes CF Alliance & supply chain stabilization on sidelines of APEC summit

Trade, Industry and Energy Minister Bang Moon Kyu held talks with major countries’ ministers, U.S. companies and Korean firms operating in the U.S. on the sidelines of attending the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco. First, Minister Bang met with U.S.’ Under Secretary for Economic Growth, Energy, and the Environment Jose W. Fernandez to co-chair the Korea-U.S. Clean Energy Business Roundtable in response to climate change, and requested active support date2023-11-17

Korea and U.S. hold Clean Energy Business Roundtable

The Republic of Korea and the United States hold the Clean Energy Business Roundtable - Sharing public-private dialogue between Korea's Carbon-Free (CF) Alliance and the U.S.'s Clean Energy Demand Initiative (CEDI) - Discussion on ways to utilize carbon-free energy and expand investment in clean power ensued The Ministry of Trade, Industry, and Energy led by Minister Bang Moon Kyu and U.S. Under Secretary of State for Economic Growth, Energy, and the Environment Jose W. Fernandez led the 'Kor date2023-11-17

MOTIE and European Commission hold joint information session on CBAM

The Ministry of Trade, Industry and Energy (MOTIE) and the European Commission held a joint information session on the EU’s Carbon Border Adjustment Mechanism (CBAM) on November 15 at the Korea Chamber of Commerce and Industry (KCCI), which was first proposed by MOTIE’s Trade Minister Dukgeun Ahn last December as a form of outreach and accepted by the EU. Gerassimos Thomas, Director General of the Directorate-General for Taxation and Customs Union at the European Commission, gave a date2023-11-15

Korea to roll out clean hydrogen certification system

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 14 that the proposal for an amendment to the Hydrogen Economy Promotion and Hydrogen Safety Management Act (“Hydrogen Act”) has passed the 47th Cabinet meeting’s deliberation and resolution process. The Korean government has thus far been making efforts to establish a clean hydrogen certification system in view of relevant trends in other major countries and domestic conditions. The Cabinet approval of th date2023-11-15

Battery Alliance submits bill proposing integrated management system for used batteries

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 14 that the Battery Alliance has submitted a draft proposal on an integrated management system for the used battery industry and its supporting legislative bill. The Battery Alliance is composed of 24 members, including Hyundai Motor, three battery producers, companies in the reuse, remanufacturing and recycling industry, insurance firms and car disposal companies. First, the proposal redefines used batteries not as &ldqu date2023-11-14

Korea and U.S. hold Clean Energy Conference

Trade, Industry and Energy Minister Bang Moon Kyu attended the ROK-U.S. Clean Energy Conference on November 13 at the Four Seasons Hotel Seoul, held to better fulfill the achievement of carbon neutrality and to elevate the alliance to a carbon-free energy alliance for responding to climate change.   In his opening message, Minister Bang stated that “we must widely utilize various carbon-free energy (CFE) sources such as nuclear power, renewables, and hydrogen,” date2023-11-14

Commemorating 70 Years of the ROK-U.S. Alliance ; Looking Ahead to a Carbon-Free Energy Alliance

Commemorating 70 Years of the ROK-U.S. Alliance ; Looking Ahead to a Carbon-Free Energy Alliance -Ministry of Trade, Industry, and Energy holds the “ROK-U.S. Clean Energy Conference” to emphasize cooperation in the deployment of carbon free energy- -Discussions on carbon management, battery recycling and innovative energy technologies such as hydrogen and CCUS will ensue- The Ministry of Trade, Industry, and Energy led by Minister Bang Moon Kyu organized the “Korea-U.S. Cl date2023-11-13