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Korea and Nebraska discuss measures to bolster trade & economic cooperation 2023-09-08

Deputy Minister for Trade Jeong Dae-jin met with Jim Pillen, Governor of Nebraska, U.S., on September 8 in Seoul to discuss measures for bolstering economic and trade cooperation between Korea and the state of Nebraska.

Deputy Trade Minister Jeong stated that this year marks the 70th anniversary of the Korea-U.S. alliance and that following Korean President Yoon Suk Yeol’s state visit to the U.S. and the August summit meeting among Korea, U.S. and Japan, the two countries’ alliance is proceeding forward to encompass advanced technology, industry and supply chain. He noted that for stronger clean energy cooperation, Korea and the state of Nebraska should deepen cooperation in hydrogen-powered vehicles and other hydrogen areas.

A clean hydrogen powerhouse with solid infrastructure and access to natural gas, Nebraska is interested in the technology for producing net-zero clean hydrogen. Korea, which is nurturing its own clean energy industry at the moment to achieve carbon neutrality, expects cooperation with Nebraska to expand in this respect, and looks forward to more opportunities for Korean firms aiming to establish hydrogen supply chains in the future.

Deputy Trade Minister Jeong also mentioned how Korea is in the process of discussing remaining issues related to the U.S.’ Inflation Reduction Act (IRA) with the Biden administration and asked for the Nebraskan state government’s interest and support as it is directly relevant to the distribution of eco-friendly cars for the state of Nebraska as well.