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Energy
2nd Vice Minister visits hydrogen production facility in Daejeon
Trade, Industry and Energy 2nd Vice Minister Park Kiyoung made an on-site visit to the hydrogen production facility at the Korea Institute of Energy Research in Daejeon, on August 18, to discuss with industry experts measures to achieve carbon neutrality through clean hydrogen and create new jobs. date2021-08-18
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Energy
Korea, Mexico to strengthen cooperation in energy and resources
Trade, Industry and Energy Minister Moon Sungwook (left) met with Mexican Energy Minister Rocío Nahle García in Seoul, on August 13, to discuss plans to strengthen cooperation in energy and resources. Minister Moon suggested that the two countries hold detailed working-level talks for the bilateral meeting on industry and resources scheduled for next year, the 60th anniversary of diplomatic relations. The two sides also agreed to join efforts for the Dos Bocas oil refinery project date2021-08-13
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Energy
Minister Moon visits electrical substation to check electricity supply and demand status
Trade, Industry and Energy Minister Moon Sungwook made an on-site visit to the substation of the Korea Electric Power Corporation (KEPCO) in Sejong, on August 9, as the power demand this week is expected to reach the highest this summer.Minister Moon encouraged the field workers’ efforts to meet surging power demand amid scorching heat, and asked for special precautions regarding safety management. date2021-08-09
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Energy
Minister Moon checks power management system for stable supply of electricity
Trade, Industry and Energy Minister Moon Sungwook made a visit to the Seoul Power Generation Site Division of Korea Midland Power Co., on July 20, to check the power management system for a stable supply of electricity during the summer. date2021-07-20
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Energy
Minister Moon meets with energy firms to discuss demand response program
Trade, Industry and Energy Minister Moon Sungwook held a virtual meeting with demand side management companies and participants of demand response (DR) programs, on July 13, to discuss measures to effectively manage energy demand during summer. The DR market, first established in 2014, has played a role in meeting energy demand in summer and winter months as participant companies adjust energy consumption during peak hours and in turn get compensated. Minister Moon encouraged related firms to pa date2021-07-13
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Energy
Korea, EU agree to cooperate for climate goals
Trade, Industry and Energy Minister Moon Sungwook (right) met with Frans Timmermans, European Commission Executive Vice President for the European Green Deal, in Seoul, on July 6, to discuss cooperative measures to fight against climate change. The two sides agreed on the need to expand cooperation in energy issues, for example, clean hydrogen, as they share the goal to achieve carbon neutrality by 2050. date2021-07-07
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Energy
Minister Moon visits site of secondary battery production
Trade, Industry and Energy Minister Moon Sungwook (right) visited the Ulsan plant of Samsung SDI, a local manufacturer of rechargeable batteries, on July 5, to discuss with industry representatives the development strategy for the battery sector. The government plans to unveil a detailed development strategy for the secondary battery industry in order to boost technological development, discover key materials, parts and equipment firms, and foster skilled manpower. date2021-07-05
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Energy
Minister Moon discusses energy issues with government officials
Trade, Industry and Energy Minister Moon Sungwook held the 23rd Energy Committee meeting with government officials, on June 30, and discussed measures to promote distributed energy generation, meet electricity demand during summer, and reform the electrical safety inspection system. Minister Moon said that in order to change the current fossil fuel-oriented energy system to a system centered on clean energy, the government will devise policies to expand power grid infrastructure, promote sector date2021-06-30
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Energy
Local retailers promise to take part in carbon neutrality initiative
Trade, Industry and Energy Minister Moon Sungwook (center) met with major retailers and related agencies in Seoul, on June 28, and delivered a congratulatory speech to encourage local companies’ efforts to save energy and commit to reaching net zero carbon emissions.Local franchises of convenience stores and hypermarkets agreed to take part in the initiative to achieve carbon neutrality by 2050.The government will discover and implement other effective programs with the Korea Electric Powe date2021-06-28
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Energy
Korea, Spain to expand green, digital partnerships
Issued on: June 16, 2021 During President Moon Jae-in’s visit to Spain (June 15-17), Korea and Spain agreed to strengthen business cooperation in the green and digital sectors at the Green & Digital Forum held in Madrid, on June 16 (local time). President Moon proposed that the two countries ramp up investments in renewable energy and green mobility, encourage digital cooperation to improve industrial competitiveness, and expand partnership in construction and infrast date2021-06-17