Ministry of Trade, Industry and Energy

Korea to expand joint efforts with IEA members for critical minerals supply chain stabilization

Trade, Industry and Energy Minister Bang Moon Kyu attended the Summit on Critical Minerals and Clean Energy held by the International Energy Agency (IEA) in Paris, France on September 28, where he extended support for IEA’s efforts toward critical minerals stabilization and highlighted the importance of technological innovation, recycling of resources and job creation in his opening message. Minister Bang also held bilateral talks on the sidelines of the summit with counterparts from the date2023-10-04

Minister Bang attends IEA summit & visits Cape Verde for stronger cooperation

Trade, Industry and Energy Minister Bang Moon Kyu attended the Summit on Critical Minerals and Clean Energy held at the International Energy Agency (IEA) headquarters in Paris, France on September 28 to discuss carbon neutrality and critical minerals supply chain issues with counterparts, companies, international organizations and NGOs from the U.S., Japan, Italy, France, Australia and other IEA member states. date2023-10-04

Minister Bang attends IEA summit & visits Cape Verde for stronger cooperation

Trade, Industry and Energy Minister Bang Moon Kyu attended the Summit on Critical Minerals and Clean Energy held by the International Energy Agency (IEA) in Paris, France on September 28 to discuss issues concerning the critical minerals supply chain, such as diversification for stronger international cooperation. In the first session under the theme of unlimited potential in technology, resource recycling and job creation, he spoke about the importance of technological innovation, measures for date2023-10-02

Korea and Qatar discuss measures for strengthening energy supply chain

Trade, Industry and Energy Minister Bang Moon Kyu met with Qatar’s Minister of State for Energy Affairs Saad Sherida Al-Kaabi on September 27 at the Four Seasons Hotel Seoul on the occasion of the latter’s first visit to Korea in four years, to discuss measures for strengthening the two countries’ energy and shipbuilding supply chain, including LNG and LNG carriers, renewable energy, hydrogen and ammonia. date2023-09-27

Korea and Qatar discuss measures for strengthening energy supply chain

Trade, Industry and Energy Minister Bang Moon Kyu met with Qatar’s Minister of State for Energy Affairs Saad Sherida Al-Kaabi on September 27 in Seoul on the occasion of the latter’s first visit to Korea in four years, to discuss measures for strengthening the two countries’ energy and shipbuilding supply chain. Even amid uncertainties across the global energy market, Korea and Qatar have maintained cooperative relations as mutually largest LNG trading partners, their bilatera date2023-09-27

Korea partners with Vietnam and Uzbekistan on four carbon emission reduction projects

The Ministry of Trade, Industry and Energy (MOTIE) held the ceremony on September 25 for the signing of a memorandum of understanding (MOU) on international projects aiming to reduce greenhouse gases (GHG) at the Korea Trade-Investment Promotion Agency (KOTRA) in the presence of Minister for Trade Dukgeun Ahn and Vietnamese Ambassador to Korea Nguyen Vu Tung, and representatives of relevant affiliations. The abovementioned international projects will support facility investments for Korean com date2023-09-26

Korea holds Nuclear Energy Ecosystem Expo 2023

The Ministry of Trade, Industry and Energy (MOTIE) held the Nuclear Energy Ecosystem Expo 2023 on September 19 at COEX in Seoul, which attracted approximately an all-time high 1,000 visitors and participants, including buyer companies like Korea Hydro & Nuclear Power (KHNP) and Doosan, and 12 public institutions, 45 SMEs and middle-market companies, as well as university students and job seekers. KHNP presented a plan for the massive injection of new jobs for the construction of Shin Hanul date2023-09-19

World's largest secondary battery safety center officially opens in Samcheok

The Korean Agency for Technology and Standards (KATS) under the Ministry of Trade, Industry and Energy (MOTIE) announced that they will begin full-scale operations of the world's largest (30MW) secondary battery fire safety evaluation center equipped with secondary battery fire testing facilities in Samcheok, Gangwon Province. The 30MW testing facilities can conduct fire tests on a scale comparable to that of four electric vehicles, with each having an estimated capacity of 7MW. As part of the date2023-09-18

Korea to launch first test navigation of container ship powered by bio marine fuel

The Ministry of Trade, Industry and Energy (MOTIE) and the Ministry of Oceans and Fisheries (MOF) announced on September 15 that they will test navigate international container ships filled partially with bio marine fuel starting today and throughout the first half of 2024. The first test navigation vessel is HMM’s Hyundai Tacoma leaving Busan on September 15 at 8 p.m. heading for Paranaguá, Brazil, 30 percent of its fuel filled with biodiesel supplied by GS Caltex. The plan is to date2023-09-15

Korea holds H2 MEET 2023

The Ministry of Trade, Industry and Energy (MOTIE) announced on September 13 that the world’s largest hydrogen exhibition H2 MEET 2023 is held through September 13-15 at the Korea International Exhibition Center (KINTEX) in Ilsan, Gyeonggi Province. H2 MEET 2023 introduces outstanding products and technologies in areas of hydrogen production, storage, transportation and utilization developed by 303 companies and institutions from 18 countries around the world. The exhibition features mo date2023-09-14