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Energy
Korea and Mongolia launch Rare Metals Cooperation Center
Trade, Industry and Energy Ministry’s Deputy Minister for Energy Policy Lee Ho-hyeon attended the Korea-Mongolia Rare Metals Cooperation Center launching ceremony on November 20 in Ulaanbaatar and stated in his message that he looks forward to seeing this project assist Mongolia in achieving high-value enhancement of its rare metals, while helping Korea strengthen its domestic supply chain. date2023-11-21
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Energy
Korea and Mongolia hold 1st Rare Metals Cooperation Committee meeting
Trade, Industry and Energy Ministry’s Deputy Minister for Energy Policy Lee Ho-hyeon attended the 1st Korea-Mongolia Rare Metals Cooperation Committee meeting on November 20 in Ulaanbaatar and discussed measures for cooperation and R&D in rare metals in the attendance of both countries’ government delegations. date2023-11-21
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Energy
Korea boosts rare metal collaboration with resource-rich Mongolia
The Ministry of Trade, Industry and Energy (MOTIE) and the Ministry of Foreign Affairs (MOFA) held the first Korea-Mongolia Rare Metals Cooperation Joint Committee meeting on November 20 in Ulaanbaatar. The committee is headed by Deputy Minister for Energy Policy Lee Ho-hyeon and the Mongolian delegation by Mongolia's Mining and Heavy Industry Minister Jambal Ganbaatar. The attendees discussed measures for bolstering cooperation in the supply chain of rare metals and other critical minerals. T date2023-11-21
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Energy
Minister Bang meets with U.S. Special Presidential Envoy for Climate
Trade, Industry and Energy Minister Bang Moon Kyu met with U.S. Special Presidential Envoy for Climate John Kerry on November 16 in San Francisco and discussed policies for climate crisis response and agenda items for the upcoming 28th session of the Conference of the Parties (COP28) to the UN Framework Convention on Climate Change (UNFCCC). date2023-11-20
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Energy
Korea and U.S. hold Clean Energy Business Roundtable
Trade, Industry and Energy Minister Bang Moon Kyu and U.S. Under Secretary of State for Economic Growth, Energy, and the Environment Jose W. Fernandez led the 'Korea-U.S. Clean Energy Business Roundtable' held on the sidelines of the APEC Leaders’ Summit on November 16 in San Francisco. The roundtable was held to facilitate discussions on the need for carbon free energy sources, investment in energy infrastructure and challenges and tasks in expanding carbon free energy and clean power. T date2023-11-20
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Energy
Korea to participate in MMRV framework as one of 13 founding members
The Ministry of Trade, Industry and Energy (MOTIE) announced on November 16 that Korea will participate in the measurement, monitoring, reporting, and verification framework (MMRV Framework) as one of the 13 founding members along with the U.S., EU, Japan, and Australia in order to create an objective system for measuring methane emissions across the natural gas supply chain. Methane (CH4), the main component of natural gas at around 80%, is known as the second cause of global warming after car date2023-11-17
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Energy
Minister Bang promotes CF Alliance & supply chain stabilization on sidelines of APEC summit
Trade, Industry and Energy Minister Bang Moon Kyu held talks with major countries’ ministers, U.S. companies and Korean firms operating in the U.S. on the sidelines of attending the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco. First, Minister Bang met with U.S.’ Under Secretary for Economic Growth, Energy, and the Environment Jose W. Fernandez to co-chair the Korea-U.S. Clean Energy Business Roundtable in response to climate change, and requested active support date2023-11-17
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Energy
Korea and U.S. hold Clean Energy Business Roundtable
The Republic of Korea and the United States hold the Clean Energy Business Roundtable - Sharing public-private dialogue between Korea's Carbon-Free (CF) Alliance and the U.S.'s Clean Energy Demand Initiative (CEDI) - Discussion on ways to utilize carbon-free energy and expand investment in clean power ensued The Ministry of Trade, Industry, and Energy led by Minister Bang Moon Kyu and U.S. Under Secretary of State for Economic Growth, Energy, and the Environment Jose W. Fernandez led the 'Kor date2023-11-17
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Energy
MOTIE and European Commission hold joint information session on CBAM
The Ministry of Trade, Industry and Energy (MOTIE) and the European Commission held a joint information session on the EU’s Carbon Border Adjustment Mechanism (CBAM) on November 15 at the Korea Chamber of Commerce and Industry (KCCI), which was first proposed by MOTIE’s Trade Minister Dukgeun Ahn last December as a form of outreach and accepted by the EU. Gerassimos Thomas, Director General of the Directorate-General for Taxation and Customs Union at the European Commission, gave a date2023-11-15
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Energy
Korea to roll out clean hydrogen certification system
The Ministry of Trade, Industry and Energy (MOTIE) announced on November 14 that the proposal for an amendment to the Hydrogen Economy Promotion and Hydrogen Safety Management Act (“Hydrogen Act”) has passed the 47th Cabinet meeting’s deliberation and resolution process. The Korean government has thus far been making efforts to establish a clean hydrogen certification system in view of relevant trends in other major countries and domestic conditions. The Cabinet approval of th date2023-11-15