Ministry of Trade, Industry and Energy

MOTIE discusses Korean companies' energy cooperation with Malaysia's Petronas

Deputy Minister for Energy Policy Lee Ho-hyeon met Petronas COO Adnan Zainal Abidin on October 27 in Seoul to discuss measures for cooperation in LNG, hydrogen, CCS (carbon capture and storage) and other energy areas. Petronas is Malaysia’s state-owned energy company currently engaging in a number of joint projects with Korean firms. The above talks came to be held on the occasion of COO Abidin’s visit to Korea seeking potential business partners. On LNG, Deputy Minister Lee highli date2023-10-31

CF Alliance takes off to lead global discussions on carbon neutrality standards

Trade, Industry and Energy Minister Bang Moon Kyu attended the launching ceremony for the Carbon Free (CF) Alliance on October 27 at the Korea Chamber of Commerce and Industry (KCCI).   The event was also attended by Prime Minister Han Duck-soo, heads of national policy research institutes and representatives of member companies, including SK Hynix, Hyundai Motor, LG Chem and POSCO.   date2023-10-31

CF Alliance takes off to lead global discussions on carbon neutrality standards

The Ministry of Trade, Industry, and Energy (MOTIE) announced that the launching ceremony for the Carbon Free (CF) Alliance took place on October 27 at the Korea Chamber of Commerce and Industry (KCCI), attended by Korea’s Prime Minister Han Duck-soo, representatives of member companies, and heads of national policy research institutes. The Alliance is viewed to play a crucial role in promoting the Carbon Free Energy (CFE) Initiative, as proposed by President Yoon Suk Yeol during his keyno date2023-10-30

Korea paves the way for global recognition of domestic carbon footprint verification system

The Ministry of Trade, Industry, and Energy (MOTIE) announced on October 26 that the Korea Institute of Industrial Technology (KITECH) signed a memorandum of understanding (MOU) with the Carbon Footprint International Alliance (CFIA), a coalition consisting of carbon footprint verification system operators from various countries for mutual acknowledgement and validation of each country’s carbon footprint verification process. The MOU aims to attain global accreditation for the global carbo date2023-10-30

Minister Bang discusses cooperation with Qatari Minister of State for Energy Affairs

Trade, Industry and Energy Minister Bang Moon Kyu met Qatar's Minister of State for Energy Affairs and QatarEnergy CEO Saad Sherida Al-Kaabi on October 25 in Qatar to discuss measures for bilateral energy cooperation. date2023-10-30

Korea and Qatar upgrade LNG partnership to cooperation in trade and new industries

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 25 that one agreement and two memorandums of understanding (MOUs) were signed between Korea and Qatar on the occasion of the Korea-Qatar summit meeting held on October 25 in Doha, Qatar. First, MOTIE Minister Bang Moon Kyu and Qatar’s Commerce and Industry Minister Mohammed bin Hamad bin Qassim Al Abdullah Al Thani signed the Trade and Investment Promotion Framework (TIPF) MOU for the diversifying of bilateral coopera date2023-10-30

Korea and Canada discuss critical minerals supply chain cooperation

Deputy Minister for Trade Yang Byeong-nae met Mark Schaan, Canada’s Senior Assistant Deputy Minister for Strategy and Innovation Policy at the Department of Innovation, Science and Economic Development (ISED) on October 25 at the Plaza Hotel Seoul to discuss measures to strengthen bilateral economic cooperation for critical minerals supply chain resiliency. date2023-10-27

Korea and Canada discuss energy cooperation

Deputy Minister for Trade Yang Byeong-nae met with Goldy Hyder, President of the Business Council of Canada, on October 25 at the Plaza Hotel Seoul to discuss cooperation measures in critical minerals, climate change response and clean energy. date2023-10-27

Korea and Canada discuss cooperation in critical minerals for batteries

Deputy Minister for Trade Yang Byeong-nae met Mark Schaan, Canada’s Senior Assistant Deputy Minister for Strategy and Innovation Policy at the Department of Innovation, Science and Economic Development (ISED) on October 25 in Korea to discuss measures to strengthen bilateral cooperation in economy and trade. Deputy Trade Minister Yang stated that following the U.S. Inflation Reduction Act (IRA)’s entry into force and Korean companies’ growing awareness of the importance of Can date2023-10-27

Clean hydrogen-fueled buses to run on Jeju Island

The Ministry of Trade, Industry, and Energy (MOTIE) held the hydrogen bus launching ceremony on October 23 on Jeju Island announcing the establishment of Korea’s first comprehensive ecosystem of the clean hydrogen lifecycle spanning production, transportation, and utilization. MOTIE has been working to develop a system through the seawater electrolysis demonstration project connected with renewable energy since 2020 for stable and economic production of hydrogen. Currently, at the seawate date2023-10-25