Ministry of Trade, Industry and Energy

Korea and Singapore enter Green Economy Cooperation MOU

Minister for Trade Dukgeun Ahn and Singapore's Second Minister for Trade and Industry Tan See Leng attended the signing ceremony for Korea-Singapore Green Economy memorandum of understanding (MOU) on November 21 in Singapore for cooperation in expanding the use of clean energy and achieving carbon neutrality. date2023-11-24

Korea and UK bolster nuclear energy cooperation on occasion of state visit

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 21 that a total of nine MOUs are to be sealed between Korea and the UK on the occasion of President Yoon Suk Yeol’s state visit to the UK. Korea’s strengths in nuclear reactor construction and manufacturing of equipment and materials, combined with the UK’s competitiveness in nuclear decommissioning and nuclear fuel, are viewed to create meaningful synergy. MOTIE’s Minister Bang Moon Kyu and the UK date2023-11-22

Korea and UK to join hands for Clean Energy Partnership

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 21 that on the occasion of President Yoon Suk Yeol’s state visit to the UK from November 20-23, MOTIE and the UK’s Department for Energy Security and Net Zero will be entering a Clean Energy Partnership. Through the Clean Energy Partnership, the two countries will be reaffirming their consensus on the initiatives of the Carbon Free (CF) Alliance, expanding technology collaboration in clean energy and installing date2023-11-22

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

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

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

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

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

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

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