Ministry of Trade, Industry and 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

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

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

Battery Alliance submits bill proposing integrated management system for used batteries

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 14 that the Battery Alliance has submitted a draft proposal on an integrated management system for the used battery industry and its supporting legislative bill. The Battery Alliance is composed of 24 members, including Hyundai Motor, three battery producers, companies in the reuse, remanufacturing and recycling industry, insurance firms and car disposal companies. First, the proposal redefines used batteries not as &ldqu date2023-11-14

Korea and U.S. hold Clean Energy Conference

Trade, Industry and Energy Minister Bang Moon Kyu attended the ROK-U.S. Clean Energy Conference on November 13 at the Four Seasons Hotel Seoul, held to better fulfill the achievement of carbon neutrality and to elevate the alliance to a carbon-free energy alliance for responding to climate change.   In his opening message, Minister Bang stated that “we must widely utilize various carbon-free energy (CFE) sources such as nuclear power, renewables, and hydrogen,” date2023-11-14

Commemorating 70 Years of the ROK-U.S. Alliance ; Looking Ahead to a Carbon-Free Energy Alliance

Commemorating 70 Years of the ROK-U.S. Alliance ; Looking Ahead to a Carbon-Free Energy Alliance -Ministry of Trade, Industry, and Energy holds the “ROK-U.S. Clean Energy Conference” to emphasize cooperation in the deployment of carbon free energy- -Discussions on carbon management, battery recycling and innovative energy technologies such as hydrogen and CCUS will ensue- The Ministry of Trade, Industry, and Energy led by Minister Bang Moon Kyu organized the “Korea-U.S. Cl date2023-11-13

MOTIE hosts “Global Net Zero Connection in Korea”

Trade, Industry and Energy Ministry's International Trade and Investment Deputy Minister Kim Wan-ki attended the “Global Net Zero Connection in Korea” on November 9 in Busan, where 10 countries’ government delegations gathered to discuss measures for cooperation in reducing greenhouse gas emissions. date2023-11-10

Global efforts for cooperation in GHG reduction gather in Busan

The Ministry of Trade, Industry and Energy (MOTIE) is holding “Global Net Zero Connection in Korea” through November 9-10 in Busan for discussions on measures for cooperation in the reduction of greenhouse gas (GHG) emissions with 10 other countries, including Bangladesh, Cambodia, Indonesia and Vietnam. Hosted by MOTIE and organized by the Korea Trade-Investment Promotion Agency (KOTRA), “Global Net Zero Connection in Korea” is an event bringing together government inst date2023-11-10

Trade Minister meets with Tanzania's Minerals Minister

Minister for Trade Dukgeun Ahn met Anthony P. Mavunde, the Tanzanian Minerals Minister, on November 8 in Tanzania to discuss measures for wider cooperation in nickel and graphite, core materials for manufacturing secondary batteries, among other minerals. date2023-11-10

Minister holds talks with Chile’s Mining Minister

Trade, Industry and Energy Minister Bang Moon Kyu held talks with Chile’s Mining Minister Aurora Williams on October 31 in Chile on measures to bolster cooperation in critical minerals, hydrogen, trade and investment.   The minister’s visit to Chile was accompanied by an economic delegation composed of representatives of relevant organizations and companies, including the Korea Trade-Investment Promotion Agency (KOTRA), Export-Import Bank of Korea, Hyundai Motor, Samsung Elect date2023-11-06