Ministry of Trade, Industry and 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

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

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

Korea and Turkmenistan to bolster energy and plant cooperation

The Republic of Korea’s Trade, Industry and Energy Minister Lee Chang-yang met with Turkmenistan’s Construction, Industry and Electric Power Industry Deputy Prime Minister Baymyrat Annamammedov on July 19 at the Lotte Hotel Seoul to discuss measures to bolster cooperation in plant projects. date2023-07-20

MOTIE to develop 11th Electric Power Supply Basic Plan

The Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) held the 4th Electric Power Policy Deliberation Committee Meeting and gave a briefing on the 11th Electric Power Supply Basic Plan. Beginning in July, the 11th Electric Power Supply Basic Plan Working Group plans to utilize scientific methods to produce precise forecasts on long-term power demand in accordance with recent changes so as to develop an energy mix that harmoniously incorporates policy goals, such as stabi date2023-07-19

Korea kicks off Project Team for innovative SMRs

The Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) and the Ministry of Science and ICT (MSIT) jointly held a launching ceremony for the 'Innovative Small Modular Reactor (SMR) Technology Development Project Team (“Project Team”) at the Lotte City Hotel in Daejeon on July 10.   The event was attended by over 100 industrial and academic experts including MOTIE Vice Minister Kang Kyung-sung, MSIT Minister Lee Jong-ho, Kim Young-sik and Choi Hyung-du of t date2023-07-14

Korea kicks off Project Team for innovative SMRs

The Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) and the Ministry of Science and ICT (MSIT) jointly held a launching ceremony for the 'Innovative Small Modular Reactor (SMR) Technology Development Project Team (“Project Team”) at the Lotte City Hotel in Daejeon on July 10. The event was attended by over 100 industrial and academic experts including MOTIE Vice Minister Kang Kyung-sung, MSIT Minister Lee Jong-ho, Kim Young-sik and Choi Hyung-du of the Peopl date2023-07-14

2nd Vice Minister chairs meeting to assess nuclear facility export projects

Trade, Industry and Energy 2nd Vice Minister Kang Kyung-sung chaired the nuclear facility export project assessment meeting at K-SURE in Seoul on July 5 to discuss measures for promoting related projects and assistance for exporting nuclear power plant facilities and equipment.   The meeting was attended by representatives of relevant companies, including Korea Hydro & Nuclear Power (KHNP) President Hwang Ju-ho, Korea Electric Power Corporation (KEPCO) Executive Vice President Lee Heu date2023-07-12

Korea launches public-private joint SMR Alliance

The Government of the Republic of Korea and the industrial sector are teaming up to lead the market for small modular reactors (SMRs). At the launching ceremony for the public-private joint SMR Alliance (chaired by SK Inc.) held on July 4, the participants announced the future strategic plans and inked business agreements. The SMR Alliance is composed of 42 entities, including 11 state-run and Government organizations such as the Ministry of Trade, Industry and Energy (MOTIE), Korea Hydro date2023-07-11

Korea holds SMR Alliance Launching Ceremony

Trade, Industry and Energy Minister Lee Chang-yang attended the Small Modular Reactor (SMR) Alliance Launching Ceremony on July 4 at the Westin Josun Seoul.   In his opening message, he stated that “the public and private sectors must work together to respond to changes that will be brought on by SMRs and formulate business measures worthy of the public’s trust, and the Government will give full measure to provide full support for SMR industry development.”   The date2023-07-10