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Energy
Korea and Canada discuss energy cooperation
Deputy Minister for Trade Yang Byeong-nae met with Goldy Hyder, President of the Business Council of Canada, on October 25 at the Plaza Hotel Seoul to discuss cooperation measures in critical minerals, climate change response and clean energy. date2023-10-27
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Energy
Korea and Canada discuss cooperation in critical minerals for batteries
Deputy Minister for Trade Yang Byeong-nae met Mark Schaan, Canada’s Senior Assistant Deputy Minister for Strategy and Innovation Policy at the Department of Innovation, Science and Economic Development (ISED) on October 25 in Korea to discuss measures to strengthen bilateral cooperation in economy and trade. Deputy Trade Minister Yang stated that following the U.S. Inflation Reduction Act (IRA)’s entry into force and Korean companies’ growing awareness of the importance of Can date2023-10-27
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Energy
Clean hydrogen-fueled buses to run on Jeju Island
The Ministry of Trade, Industry, and Energy (MOTIE) held the hydrogen bus launching ceremony on October 23 on Jeju Island announcing the establishment of Korea’s first comprehensive ecosystem of the clean hydrogen lifecycle spanning production, transportation, and utilization. MOTIE has been working to develop a system through the seawater electrolysis demonstration project connected with renewable energy since 2020 for stable and economic production of hydrogen. Currently, at the seawate date2023-10-25
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Energy
Korea and Saudi agree to widen scope of clean hydrogen cooperation
The Ministry of Trade, Industry and Energy (MOTIE) announced on October 22 that on the occasion of the Korea-Saudi summit meeting in Riyadh, a number of energy institutions, companies and MOTIE entered two agreements and five memorandums of understanding (MOU) with Saudi counterparts. First, MOTIE’s Minister Bang Moon Kyu and Saudi Energy Minister Prince Abdulaziz bin Salman signed the “Korea-Saudi Hydrogen Oasis Cooperation Initiative” MOU on behalf of the two countries&rsquo date2023-10-24
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Energy
Korea to kick-start Carbon-Free Energy Initiative
Korean President Yoon Suk Yeol, during his keynote speech at the United Nations General Assembly on September 20 (local time), proposed the launching of a Carbon Free (CF) Alliance as an open platform for resolving the climate gap between advanced and developing nations and for the global spread of carbon-free energy. Accordingly, the inaugural assembly of the CF Alliance was held on October 12, composed of major Korean companies. On October 19, Korean Prime Minister Han Duck-soo chaired the m date2023-10-19
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Energy
Former IPCC Chair elected to lead the Carbon Free Alliance
The Ministry of Trade, Industry and Energy (MOTIE) announced on October 12 that the Carbon Free (CF) Alliance inaugural assembly was held that day at the Korea Chamber of Commerce and Industry (KCCI) in Seoul. The Carbon Free Energy (CFE) Forum, launched in May and more discussion-oriented, will undergo incorporation to secure stability and executive powers. This is part of a follow-up measure to the CF Alliance proposed by President Yoon Suk Yeol during his keynote speech at the United Nations date2023-10-13
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Energy
Korea and Belize discuss cooperation in climate change & renewable energy
Trade, Industry and Energy Minister Bang Moon Kyu, on the occasion of the annual high-level forum on the Korea-Caribbean partnership on October 11 in Seoul, held talks with Belize’s Sustainable Development Minister Orlando Habet on cooperation in economy, Korea-CARICOM TIPF, climate change and renewable energy, and also requested support for World Expo 2030 Busan. date2023-10-11
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Energy
Vice Minister and Greek Deputy Foreign Minister discuss energy cooperation
Trade, Industry and Energy Vice Minister Kang Kyungsung met with Greek Deputy Foreign Minister for Economic Diplomacy and Openness Kostas Fragogiannis on October 5 in Seoul to discuss measures for bilateral cooperation in clean energy. date2023-10-10
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Energy
Korea and Greece discuss industrial, trade and energy cooperation
Trade, Industry and Energy Minister Bang Moon Kyu met with Greek Deputy Foreign Minister for Economic Diplomacy and Openness Kostas Fragogiannis on October 5 in Seoul to discuss measures to advance bilateral economic cooperation in trade, investment and eco-friendly shipbuilding, and requested support for World Expo 2030 Busan. Assessing highly of the fact that the two countries have established a successful partnership in the shipbuilding industry lasting over a half-decade, Minister Bang agre date2023-10-05
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Energy
Minister Bang holds talks with French Economy & Finances Minister
Trade, Industry and Energy Minister Bang Moon Kyu met with French Economy and Finances Minister Bruno Le Maire on the sidelines of the Summit on Critical Minerals and Clean Energy on September 28 in Paris to discuss measures for bilateral cooperation in trade, investment, aerospace and industrial technology. date2023-10-05