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Energy
Korea conducts first test flight with sustainable aviation fuel
The Ministry of Trade, Industry and Energy (MOTIE) and the Ministry of Land, Infrastructure and Transport (MOLIT) announced on September 5 that over the next three months, the cargo airline flying from Incheon to Los Angeles will be partially fueled with sustainable aviation fuel (SAF) for test flights. The first test flight was conducted via Korean Air’s flight KE207 at 5:45 p.m. on September 5 from Incheon to Los Angeles by filling two percent of the jet aircraft fuel with SAF. Five mor date2023-09-06
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Energy
Korea attends 13th APEC Energy Ministerial Meeting in Seattle
The Republic of Korea’s Energy Industry Deputy Minister Cheon Young-gil headed the Korean delegation participating in the 13th Asia-Pacific Economic Cooperation (APEC) Energy Ministerial Meeting from August 15-16 held in Seattle, U.S., breaking the eight-year hiatus following the previous APEC energy ministerial meeting. Korea, the U.S., Canada, Japan, China, Russia, Taiwan, Australia, Indonesia and Malaysia were among the 21 economies that gathered to discuss measures for 1) expa date2023-08-18
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Energy
Korea accelerates crucial power network expansion to boost high-tech industry
The project to construct a 500kV Buk Dangjin-Godeok high-voltage direct current (HVDC) transmission line supplying power to the Pyeongtaek semiconductor complex and the southern Seoul metropolitan area, is expected to be fully operational by the end of this year at the earliest. Trade, Industry and Energy Minister Lee Chang-yang visited the construction site of the power network in the Dangjin area on August 2 to encourage smooth preparations to meet completion deadlines. The “500kV Buk D date2023-08-07
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Energy
Minister chairs New Energy Industry Export Momentum Roundtable meeting
The Republic of Korea’s Ministry of Trade, Industry and Energy Minister Lee Chang-yang held a roundtable meeting on the new energy industry export strategy at the Korea Chamber of Commerce and Industry (KCCI) on July 27 to discuss measures to utilize recent opportunities for overseas expansion, such as cooperation on small modular reactors (SMRs), building clean hydrogen supply chains, and reconstruction projects in Ukraine. Minister Lee chaired the roundtable, held the launching ceremo date2023-07-31
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Energy
Korea to double new energy industry exports by 2030
The Republic of Korea’s Ministry of Trade, Industry and Energy Minister Lee Chang-yang held a roundtable meeting on the new energy industry export strategy at the Korea Chamber of Commerce and Industry (KCCI) on July 27 with representatives from the industry, finance, academia, and related agencies. The meeting was designed to utilize recent opportunities for overseas expansion, such as cooperation on small modular reactors (SMRs), building clean hydrogen supply chains, and reconstruction date2023-07-31
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Energy
Korea seeking to become Asia Pacific offshore wind power hub
The Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE)’s Energy Industry Deputy Minister Cheon Young-gil chaired the Offshore Wind Power Supply Chain Conference on July 27 at Korea Productivity Center (KPC) to seek measures to promote Korean companies’ products and technologies in the global offshore wind power market. The conference was held in view of recent policy environment changes, including leading global offshore wind power companies’ decision to date2023-07-31
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Energy
Korea and Australia discuss investment cooperation in LNG and hydrogen
Trade, Industry and Energy Minister Lee Chang-yang met with Australia’s Climate Change and Energy Minister Chris Bowen on July 25 in Seoul and discussed measures for cooperation and investment in liquefied natural gas (LNG) and hydrogen. date2023-07-27
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Energy
Korea and Australia discuss investment cooperation in LNG and hydrogen
The Republic of Korea’s Trade, Industry and Energy Minister Lee Chang-yang met with Australia’s Climate Change and Energy Minister Chris Bowen on July 25 in Seoul and discussed measures to strengthen carbon related cooperation, including the securing of critical minerals and liquefied natural gas (LNG), clean hydrogen, green steel, and carbon capture and storage (CCS). Minister Lee mentioned that Korean companies are facing management uncertainties and concerns with regard to Austra date2023-07-27
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Energy
Korea holds Roundtable on Facilitating Global Net-Zero with Ambassadors to ROK
The Republic of Korea’s Minister for Trade Dukgeun Ahn chaired the “Roundtable on Facilitating Global Net-Zero with Ambassadors to the Republic of Korea” on July 20 at the Korea Chamber of Commerce and Industry (KCCI), co-organized by the Korea Trade-Investment Promotion Agency (KOTRA) and Korea Energy Agency, to discuss measures for stronger partnership in reducing greenhouse gases (GHG) to achieve carbon neutrality with the ambassadors to Korea from seven countries, including date2023-07-25
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Energy
Trade Minister discusses stronger partnership for GHG reduction with ambassadors to Korea
The Republic of Korea’s Minister for Trade Dukgeun Ahn chaired the “Roundtable on Facilitating Global Net-Zero with Ambassadors to the Republic of Korea” on July 20 at the Korea Chamber of Commerce and Industry (KCCI), co-organized by the Korea Trade-Investment Promotion Agency (KOTRA) and Korea Energy Agency, to discuss measures for stronger partnership in reducing greenhouse gases (GHG) to achieve carbon neutrality with the ambassadors to Korea from seven countries, including date2023-07-25