Ministry of Trade, Industry and Energy

MOTIE to push regulatory innovation to nurture Korea into global hydrogen powerhouse

The Ministry of Trade, Industry and Energy (MOTIE) announced on February 8 during the Emergency Economy Ministerial Meeting the measures for hands-on regulatory innovation to nurture Korea into a global hydrogen powerhouse. In the recent rapid development of the global electrolysis market and Korea’s prowess in clean hydrogen, the Government is making effort to speedily respond to these changes by uncovering five key areas, including production, distribution and utilization, for regulatory improvement to be spearheaded by the public-private joint consultative group for hydrogen industry regulatory innovation. Regarding 49 project tasks for regulatory improvement uncovered through site inspections and business conferences, MOTIE plans to work together with relevant ministries for immediate improvement on 25; for 13 of the remaining, MOTIE will review and decide through demonstrations. It is anticipated that the regulatory innovation measures will not only help companies build global competitiveness in areas like electrolysis and liquid hydrogen but also contribute to the timely establishment of infrastructure for Korea’s clean hydrogen ecosystem scheduled for activation in 2027. Meanwhile, Korea Gas Safety Corporation and civil experts will be actively engaging throughout the entire innovation process to lay out safety standards and legal modifications that cater to the public’s awareness and understanding. Minister Dukgeun Ahn stated that “for accelerating the clean hydrogen economy and nurturing the hydrogen industry as a new sector, it is of the utmost importance to promptly lay down the safety standards,” and added that MOTIE will continue to uncover and tackle challenges that companies face on site. date2024-02-02

Korea becomes 9th country in the world to produce liquid hydrogen

The Ministry of Trade, Industry and Energy (MOTIE) held the completion ceremony for Korea’s first commercial-scale liquid hydrogen production plant on January 31 at Doosan Enerbility’s Changwon Plant. The Changwon Plant was established through a joint investment by Doosan Enerbility, Gyeongnam Province and Changwon, and is capable of supplying up to 1,825 metric tons every year to nearby research institutes, companies and hydrogen charging stations. Liquid hydrogen is gaining attention as a core means of accelerating the commercialization of fuel-cell electric vehicles and large-scale transport of hydrogen, thanks to its ten-fold transport efficiency. Considering the absence of safety standards due to unprecedented domestic use, the Government is providing active support through a regulatory sandbox by granting special exemption for demonstrations concerning the localization of materials and equipment parts as well as the establishment of a liquid hydrogen plant. Homegrown technology was incorporated in building the Changwon liquid hydrogen plant transport and storage facility, and a liquid hydrogen trailer developed by another domestic company will be co-operated with the plant. On the sidelines of the completion ceremony, a memorandum of understanding (MOU) was signed between local governments, companies and Government-funded institutions for the construction of a liquid hydrogen charging station, the utilization and supply of hydrogen buses, and supply and purchasing of liquid hydrogen. In his congratulatory message, Director General for Hydrogen Economy Policy Park Chan-ki stated that “with the completion of the Changwon liquid hydrogen plant, Korea is now the world’s ninth producer of hydrogen,” and added that “the Government will make effort to invigorate the liquid hydrogen ecosystem through localization of core technologies, modification of laws, regulatory improvement and diversification of demand.” date2024-01-31

Vice Minister Kang holds press briefing on CFE Initiative

Trade, Industry and Energy Vice Minister Kang Kyungsung held a press briefing on the Carbon-Free Energy (CFE) Initiative and future plans on January 29 at the Government Complex Sejong and led the following Q&A session. date2024-01-30

CF Alliance to push the use of all carbon-free energy sources for carbon neutrality

The Ministry of Trade, Industry and Energy (MOTIE) announced on January 29 that Dr. Hoesung Lee, former Chair of the Intergovernmental Panel on Climate Change (IPCC) and incumbent Carbon Free (CF) Alliance Chairman, led a press briefing and conference to introduce the outcomes gained from over the last three months since the launch of the CF Alliance in October last year, which include a score of bilateral and multilateral exchanges, as well as support towards the Carbon-Free Energy (CFE) Initia date2024-01-29

MOTIE and KPX lay out blueprint for Korea's electricity market

The Ministry of Trade, Industry and Energy (MOTIE) hosted a briefing session focusing on measures to improve Korea’s electricity market in 2024 on January 26 at COEX in Seoul, organized by Korea Power Exchange (KPX). The briefing was attended by approximately 150 persons from electric power industries, the academia and related institutions. The briefing aimed at covering the latest market trends, forecasting future changes, introducing improvement directions and other issues for the elect date2024-01-29

Deputy Trade Minister and U.S.' Solid Power COO discuss next-gen battery cooperation

Deputy Minister for Trade Yang Byeong-nae met with Derek Johnson, the Chief Operating Officer (COO) of Solid Power, on January 18 at the Ministry of Trade, Industry and Energy (MOTIE) to discuss measures for cooperation in next-generation battery areas. Solid Power is a U.S.-based firm known for its leading all-solid-state battery technology that has recently entered memorandums of understanding (MOUs) with a number of Korea’s private companies and public institutions like SK On date2024-01-18

Korea and Netherlands to deepen nuclear cooperation on occasion of state visit

The Ministry of Trade, Industry and Energy (MOTIE) announced on December 13 that it entered a memorandum of understanding (MOU) with the Netherlands’ Ministry of Economic Affairs and Climate Policy for nuclear reactor cooperation on the occasion of President Yoon Suk Yeol’s state visit. Korea Hydro & Nuclear Power (KHNP) also sealed a technical feasibility study agreement for construction of a new nuclear reactor with the Economic Affairs and Climate Policy Ministry. The Netherl date2023-12-14

MOTIE holds holds committee meeting & forum on nuclear decommissioning

Trade, Industry and Energy Ministry's Deputy Minister for Energy Policy Lee Ho-hyeon attended the meeting of the Committee for Strengthening Global Competitiveness in Nuclear Decommissioning 2023 on December 8 at the Westin Josun Seoul with approximately 18 industrial, academia and research experts, including the Ministry of Science and ICT, Korea Hydro and Nuclear Power (KHNP) and Doosan Enerbility to discuss the role of the Korea Research Institute of Decommissioning. In the following Nuclear date2023-12-11

Korea to build global competitiveness in nuclear decommissioning starting with Kori-1 in 2024

Trade, Industry and Energy Ministry's Deputy Minister for Energy Policy Lee Ho-hyeon attended the meeting of the Committee for Strengthening Global Competitiveness in Nuclear Decommissioning on December 8 at the Westin Josun Seoul to discuss measures for bolstering Korean companies’ global competitiveness in the area of nuclear decommissioning. Approximately 18 industrial, academia and research experts attended the committee meeting and focused on the role of the Korea Research Institute date2023-12-08

Korea holds roundtable for spreading CFE initiatives on sidelines of COP28

The Ministry of Trade, Industry and Energy (MOTIE) announced that it hosted a roundtable, organized by the Carbon Free (CF) Alliance, on December 5 in the United Arab Emirates (UAE) on the sidelines of the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP28) for promoting the global diffusion of the carbon-free energy initiatives led by the CF Alliance. The roundtable was held to promote Korea’s carbon-free energy (CFE) initiatives to the i date2023-12-06