Ministry of Trade, Industry and Energy

Korea and Saudi agree to widen scope of clean hydrogen cooperation

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 22 that on the occasion of the Korea-Saudi summit meeting in Riyadh, a number of energy institutions, companies and MOTIE entered two agreements and five memorandums of understanding (MOU) with Saudi counterparts. First, MOTIE’s Minister Bang Moon Kyu and Saudi Energy Minister Prince Abdulaziz bin Salman signed the “Korea-Saudi Hydrogen Oasis Cooperation Initiative” MOU on behalf of the two countries&rsquo date2023-10-24

Korea to kick-start Carbon-Free Energy Initiative

Korean President Yoon Suk Yeol, during his keynote speech at the United Nations General Assembly on September 20 (local time), proposed the launching of a Carbon Free (CF) Alliance as an open platform for resolving the climate gap between advanced and developing nations and for the global spread of carbon-free energy. Accordingly, the inaugural assembly of the CF Alliance was held on October 12, composed of major Korean companies. On October 19, Korean Prime Minister Han Duck-soo chaired the m date2023-10-19

Former IPCC Chair elected to lead the Carbon Free Alliance

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 12 that the Carbon Free (CF) Alliance inaugural assembly was held that day at the Korea Chamber of Commerce and Industry (KCCI) in Seoul. The Carbon Free Energy (CFE) Forum, launched in May and more discussion-oriented, will undergo incorporation to secure stability and executive powers. This is part of a follow-up measure to the CF Alliance proposed by President Yoon Suk Yeol during his keynote speech at the United Nations date2023-10-13

Korea and Belize discuss cooperation in climate change & renewable energy

Trade, Industry and Energy Minister Bang Moon Kyu, on the occasion of the annual high-level forum on the Korea-Caribbean partnership on October 11 in Seoul, held talks with Belize’s Sustainable Development Minister Orlando Habet on cooperation in economy, Korea-CARICOM TIPF, climate change and renewable energy, and also requested support for World Expo 2030 Busan. date2023-10-11

Vice Minister and Greek Deputy Foreign Minister discuss energy cooperation

Trade, Industry and Energy Vice Minister Kang Kyungsung met with Greek Deputy Foreign Minister for Economic Diplomacy and Openness Kostas Fragogiannis on October 5 in Seoul to discuss measures for bilateral cooperation in clean energy. date2023-10-10

Korea and Greece discuss industrial, trade and energy cooperation

Trade, Industry and Energy Minister Bang Moon Kyu met with Greek Deputy Foreign Minister for Economic Diplomacy and Openness Kostas Fragogiannis on October 5 in Seoul to discuss measures to advance bilateral economic cooperation in trade, investment and eco-friendly shipbuilding, and requested support for World Expo 2030 Busan. Assessing highly of the fact that the two countries have established a successful partnership in the shipbuilding industry lasting over a half-decade, Minister Bang agre date2023-10-05

Minister Bang holds talks with French Economy & Finances Minister

Trade, Industry and Energy Minister Bang Moon Kyu met with French Economy and Finances Minister Bruno Le Maire on the sidelines of the Summit on Critical Minerals and Clean Energy on September 28 in Paris to discuss measures for bilateral cooperation in trade, investment, aerospace and industrial technology. date2023-10-05

Minister Bang holds talks with Eramet CEO

Trade, Industry and Energy Minister Bang Moon Kyu met with French multinational mining and metallurgy company Eramet CEO Christel Bories on the sidelines of the Summit on Critical Minerals and Clean Energy on September 28 in Paris to discuss measures for cooperation in critical minerals supply chain and recycling of resources. date2023-10-05

Minister Bang holds talks with Japan's METI Minister Yasutoshi

Trade, Industry and Energy Minister Bang Moon Kyu met with Japan’s Economy, Trade and Industry Minister Nishimura Yasutoshi on the sidelines of the Summit on Critical Minerals and Clean Energy on September 28 in Paris to discuss measures for bilateral cooperation in energy areas between Korea and Japan. date2023-10-05

Minister Bang holds talks with IEA Executive Director Birol

Trade, Industry and Energy Minister Bang Moon Kyu met with the International Energy Agency (IEA) Executive Director Fatih Birol on the sidelines of the Summit on Critical Minerals and Clean Energy on September 28 in Paris to discuss measures for facilitating energy cooperation between MOTIE and IEA. date2023-10-05