Ministry of Trade, Industry and Energy

Korea-Saudi Ministers discuss energy cooperation

Trade, Industry and Energy Minister Lee Chang-yang held a videoconference with Saudi Arabia’s Energy Minister Prince Abdulaziz Bin Salman on June 23, on the occasion of the Saudi Minister’s congratulatory message for Minister Lee’s taking office. Minister Lee expressed his gratitude in return, then the two Ministers discussed energy supply chain stability, hydrogen and other future issues for Korea-Saudi energy cooperation. Noting how Saudi Arabia is South Korea’s large date2022-06-27

Minister Lee holds talks with Saudi's Energy Minister

Trade, Industry and Energy Minister Lee Chang-yang held a videoconference meeting with Prince Abdulaziz bin Salman, Saudi Arabia’s Energy Minister, on June 23 at the Government Complex Seoul to discuss expanding Korea-Saudi economic cooperation, stable crude oil sourcing and energy supply chain resilience. date2022-06-24

Minister Lee holds 25th Energy Commission meeting

Trade, Industry and Energy Minister Lee Chang-yang held the 25th Energy Commission meeting at the Plaza Hotel Seoul on June 23 to discuss energy efficiency policies to implement under the new regime.   In his opening remarks, Minister Lee mentioned the current internal and external signs of worldwide stagflation, noting that “Korea is vulnerable to global energy market volatility.' He went on to reveal that the new regime’s energy policy consists of two pillars: “su date2022-06-24

Minister Lee holds 25th Energy Commission meeting

Trade, Industry and Energy Minister Lee Chang-yang held the 25th Energy Commission meeting at the Plaza Hotel Seoul on June 23, the first of its kind under the new regime. Launched in 2006, the Energy Commission is headed by the Trade, Industry and Energy Minister and consists of relevant ministries’ officials and civil members. The recent meeting had two agenda items, namely the new regime’s energy policy directions and market-based efficiency enhancement measures. Noting South Ko date2022-06-24

Minister Lee holds Nuclear Energy Industry Conference

Trade, Industry and Energy (MOTIE) Minister Lee Chang-yang held the Nuclear Energy Industry Business Conference in Changwon, Gyeongnam on June 22 to discuss solutions to nuclear energy ecosystem challenges with aim to rebuild Korea into a global nuclear powerhouse.  With nuclear energy regaining global attention in light of power security and carbon neutrality, major nations are already deeply invested in the fierce competition for future nuclear energy hegemony. For instance, the U.S. is date2022-06-23

2nd Vice Minister holds Nuclear Energy Industry Competitiveness TF meeting

Trade, Industry and Energy 2nd Vice Minister Park Il-jun held the Nuclear Energy Industry Competitiveness Task Force meeting in Seoul on June 16 to discuss inter-ministerial measures for vitalizing the nuclear power ecosystem by seeking financial solutions and new projects in the market.   In his opening message, the Vice Minister noted that “nuclear energy is regaining attention both internally and globally in aspects of energy security and stable power supply,” and added tha date2022-06-20

2nd Vice Minister holds Critical Minerals Supply Chain Inspection Meeting

Trade, Industry and Energy 2nd Vice Minister Park Il-jun presided the Critical Minerals Supply Chain Inspection Meeting at the Lotte Hotel Seoul on June 9 to assess various challenges faced by domestic companies in the critical minerals market and to seek response measures amid the Ukraine crisis.   Noting that “global decarbonization initiatives are raising demand for rare earth elements, lithium, nickel, and such critical minerals,” the Vice Minister facilitated di date2022-06-13

Minister Lee meets with UAE Industry and Advanced Tech Minister

Trade, Industry and Energy Minister Lee Chang-yang held talks with Sultan Ahmed Al-Jaber, Minister of Industry and Advanced Technology of UAE on June 8 at the Lotte Hotel Seoul to discuss Korea-UAE industrial technology and energy supply chain cooperation. date2022-06-10

Korea and UAE to kick energy and tech cooperation into high gear

Trade, Industry and Energy Minister Lee Chang-yang met with Sultan Ahmed Al-Jaber, Minister of Industry and Advanced Technology of UAE and CEO of Abu Dhabi National Oil Company (ADNOC) at the Lotte Hotel Seoul on June 8 to discuss industrial technology and energy supply chain cooperation. The two industry chiefs agreed to expand economic cooperation onto new industries like digital transition, e-learning and bio based on the recent joint accomplishments, including the Barakah power plant, oilfi date2022-06-10

2nd Vice Minister holds talks with UAE's ENEC CEO

Trade, Industry and Energy 2nd Vice Minister Park Il-jun held talks with UAE’s Emirates Nuclear Energy Corporation CEO Mohammed Al Hammadi on May 31 regarding the ongoing Barakah nuclear power plant construction and measures to step up the two countries’ energy cooperation. ENEC CEO was visiting Korea to extend congratulations on Korea’s new government taking office and also to discuss the Barakah project, of which ENEC is project owner. The two energy chiefs exchanged views o date2022-06-07