MOTIE to develop 11th Electric Power Supply Basic Plan 2023-07-19

Deliberation Committee Meeting and gave a briefing on the 11th Electric Power Supply Basic Plan. Beginning in July, the 11th Electric Power Supply Basic Plan Working Group plans to utilize scientific methods to produce precise forecasts on long-term power demand in accordance with recent changes so as to develop an energy mix that harmoniously incorporates policy goals, such as stability, efficiency and carbon neutrality. To note, new nuclear power plants will be introduced to compose a cost-efficient energy mix while distributing renewable energy, hydrogen and such zero carbon energy sources. The plan will also include measures to realign the electric power market and to establish power ...

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Government announces Basic Plan on Electricity Demand and Supply 2020-12-30

The Ministry of Trade, Industry and Energy announced on December 28 the 9th Basic Plan on Electricity Demand and Supply, which consists of power supply and demand forecasts, demand management plans, measures to improve the power market system and reduce of greenhouse gases for the next 15 years. Under the 9th Basic Plan, the government seeks to promote energy transition policies to a safe and clean power generation mix, implement measures to further reduce emissions, and expand investment on the renewable energy sector for a successful transition to the low-carbon economy and society.

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Ministry announces 8th Basic Plan for Electricity Supply and Demand 2017-12-15

gas, while gradually reducing its reliance on coal and nuclear power.    The Basic Plan for Long-term Electricity Supply and Demand includes the forecast for power demand ... – a slower pace than a 13.9-percent increase in the past 13 years.    The eighth basic plan has been drafted over a year, involving around 70 experts in 43 meetings. It was submitted to the trade and energy subcommittee of the National Assembly’s Trade, Industry, Energy, SMEs, and Startups Committee on December 14.    The proposed plan will undergo a public hearing on Dec. 26, and will be confirmed after a review by the electricity policy commission.   * Short version ...

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Second Basic Plan for Intelligent Robot Development (2014-2018) 2014-12-29

this page Overview Policies Publications Links Overview The Second Basic Plan for Intelligent Robot Development will renew key R&D, distribution, and human resource ... centers" to facilitate the development of local robot companies. Publications Second Basic Plan for Intelligent Robot Development [Korean] Robot Issue Brief [Korean] Latest Trends of Domestic and Overseas Robot Industry (with a special focus on Japan) [Korean] See More Links Korea Institute for Robot Industry Advancement New Window Korea Association of Robot industry New Window Institute of Control, Robotics, and Systems New Window Korea Robotics Society New ...

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Korea to push tailored measures in establishing high-tech strategic industry specialization complexes 2024-03-27

Ministry of Economy and Finance (MOEF) and the Ministry of Education (MOE), jointly presented the implementation plan for 2024 as a follow-up to the first basic plan (May 2023) on nurturing and protecting national high-tech strategic industries. The plan includes a 10 percent raise in the R&D budget in 2024 for semiconductors, displays, secondary batteries and bio, the four major high-tech strategic industries.   Third, more specialization courses will be offered at universities and graduate schools to nurture high-tech strategic industry talent. In 2023, three schools were designated to offer master's and doctoral semiconductor specialized courses to train 261 professional talents, and ...

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MOTIE holds pan-ministerial meeting to review investment progress for high-tech complex 2024-03-13

70 trillion won in investments. Six local government bodies presented the “Specialization Complex Nurturing Plan”, including plans to allocate local governments’ budget in addition to national funding in order to accelerate the construction of basic infrastructure for power and water.   They also vowed active support in launching a talent training program and measures for low-interest loan support. Further plans include building boarding quarters for the young workforce, expanding roads connecting the high-tech complex and new cities to improve residential conditions, and mitigating regulatory burden on businesses ...

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MOTIE holds FEZ Future Strategy Forum 2024-02-01

work achievements.   In the following discussion session, experts presented their policy proposals and panel discussions were held on future project tasks for the third FEZ basic plan, foreign investment facilitation measures and schemes for nurturing an innovative ecosystem.   Kim Hong-joo, Head of the Free Economic Zone Planning Office, stated in the opening message that “amid unstable internal and external conditions, FEZs are called to offer new visions and strategies,” and added that “for the FEZs to grow into global, cutting-edge business hubs in step with local development, the Government and the FEZs will work together as one team to give full policy support for ...

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Blueprint for robot industry development 2024-2028 is out 2024-01-16

to overcome challenges facing humanity. In contrast with the Third Intelligent Robot Basic Plan which emphasizes the development and distribution of a standard process model, the Fourth Basic Plan proposes a differentiated strategy for nurturing Korea’s robot industry through a public-private investment of more than KRW 3 trillion won by 2030 to stimulate new robot businesses and heighten robots’ industrial and social contribution. First, a powerful system for securing technology will be established to raise the core robot parts’ localization rate up to 80 percent by 2030, with heightened participation of robot buyer companies in this process for swift commercialization of core ...

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Government to nurture Free Economic Zones to serve as advanced global business base 2023-12-22

Government reviewed and deliberated on the draft for the 3rd Free Economic Zone (FEZ) Basic Plan during the 138th FEZ Committee meeting on December 21. The FEZ Basic Plan is a legal plan of the highest status established every five years for presenting the basic directions of FEZ policies and facilitating their organized development. The third Basic Plan focuses on the following: preventing the indiscriminate designation of FEZs; taking timely stock of private sector investment demand by operating a demand-driven total management system; switching to an on-demand designation system instead of a public contest selection process held once every five to six years; and to increase the local ...

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Korea to push forward transition to clean hydrogen ecosystem 2023-12-20

goal of distributing 0.3 million units of FCEVs and establishing over 660 hydrogen charging stations by 2030, the plan is to increase the number of different kinds of charging stations, including those for charging liquid hydrogen and ... measures: Establish priority R&D centers concentrating on each of the water electrolysis technologies for R&D on basic and proprietary technology for technological localization and for providing performance evaluation support to ... domestic and overseas hydrogen companies, including LG Chem, SK E&S, Hyosung Heavy Industries, Bloom Energy, SK ecoplant and MPE firms specializing in liquid hydrogen tanks, electrode materials and bipolar plates for ...

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