Ministry of Trade, Industry and Energy

Minister discusses cooperation with Chile's Energy Minister

Trade, Industry and Energy Minister Bang Moon Kyu met Chile’s Energy Minister Diego Pardow on October 30 in Chile to discuss renewable energy, green hydrogen and measures for bilateral energy cooperation. date2023-11-03

Korea aims to rank among global top 3 ESS powerhouses

Trade, Industry and Energy Vice Minister Kang Kyungsung visited the LS ELECTRIC Global R&D Campus in Anyang-si, Gyeonggi-do, on October 31 amid the growing emphasis on the role of energy storage systems (ESS) in accordance with the increasing use of renewable energy. At LS ELECTRIC, Vice Minister Kang first toured the manufacturing site for the company’s newly developed power conversion system (PCS), which is a core component for ESS and exported to the U.S., and encouraged the employ date2023-11-02

4th Korea-Germany Hydrogen Conference held in Seoul

Trade, Industry and Energy Vice Minister Kang Kyungsung attended the Korea-Germany Hydrogen Conference held through October 31-November 1 at the EL Tower in Seoul for expanding the scope of bilateral cooperation in hydrogen policies, industries and technology.   Participants shared information on industrial and technological trends of hydrogen policies, hydrogen production, distribution and utilization, as well as measures for cooperation across the hydrogen ecosystem.   Co-organiz date2023-11-02

Korea and Germany strengthen cooperation in clean hydrogen

Trade, Industry and Energy Vice Minister Kang Kyungsung attended the Korea-Germany Hydrogen Conference held through October 31-November 1 at the EL Tower in Seoul for expanding the scope of bilateral cooperation in hydrogen policies, industries and technology. Co-organized by Germany’s Fraunhofer Center for International Management and Knowledge Economics and H2KOREA, the conference was attended by approximately 100 experts of both countries’ governments, hydrogen-related corporatio date2023-11-02

Korea and Germany to strengthen cooperation in advanced industries & carbon neutrality

Minister for Trade Dukgeun Ahn met Udo Philipp, State Secretary for Germany’s Federal Ministry of Economic Affairs and Climate Action, on October 30 at the Lotte Hotel Seoul to discuss bilateral cooperation measures in advanced industries and achieving carbon neutrality, and asked support for World Expo 2030 Busan. Noting the 140th anniversary of diplomatic relations between Korea and Germany, Trade Minister Ahn assessed that Korea and Germany, through the free trade agreement, developed date2023-11-02

MOTIE discusses Korean companies' energy cooperation with Malaysia's Petronas

Deputy Minister for Energy Policy Lee Ho-hyeon met with Malaysia’s state-owned Petronas COO Adnan Zainal Abidin on October 27 at the Lotte Hotel Seoul to discuss measures for bilateral cooperation in energy areas, including LNG, hydrogen and CCS. date2023-10-31

MOTIE discusses Korean companies' energy cooperation with Malaysia's Petronas

Deputy Minister for Energy Policy Lee Ho-hyeon met Petronas COO Adnan Zainal Abidin on October 27 in Seoul to discuss measures for cooperation in LNG, hydrogen, CCS (carbon capture and storage) and other energy areas. Petronas is Malaysia’s state-owned energy company currently engaging in a number of joint projects with Korean firms. The above talks came to be held on the occasion of COO Abidin’s visit to Korea seeking potential business partners. On LNG, Deputy Minister Lee highli date2023-10-31

CF Alliance takes off to lead global discussions on carbon neutrality standards

Trade, Industry and Energy Minister Bang Moon Kyu attended the launching ceremony for the Carbon Free (CF) Alliance on October 27 at the Korea Chamber of Commerce and Industry (KCCI).   The event was also attended by Prime Minister Han Duck-soo, heads of national policy research institutes and representatives of member companies, including SK Hynix, Hyundai Motor, LG Chem and POSCO.   date2023-10-31

CF Alliance takes off to lead global discussions on carbon neutrality standards

The Ministry of Trade, Industry, and Energy (MOTIE) announced that the launching ceremony for the Carbon Free (CF) Alliance took place on October 27 at the Korea Chamber of Commerce and Industry (KCCI), attended by Korea’s Prime Minister Han Duck-soo, representatives of member companies, and heads of national policy research institutes. The Alliance is viewed to play a crucial role in promoting the Carbon Free Energy (CFE) Initiative, as proposed by President Yoon Suk Yeol during his keyno date2023-10-30

Korea paves the way for global recognition of domestic carbon footprint verification system

The Ministry of Trade, Industry, and Energy (MOTIE) announced on October 26 that the Korea Institute of Industrial Technology (KITECH) signed a memorandum of understanding (MOU) with the Carbon Footprint International Alliance (CFIA), a coalition consisting of carbon footprint verification system operators from various countries for mutual acknowledgement and validation of each country’s carbon footprint verification process. The MOU aims to attain global accreditation for the global carbo date2023-10-30