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Energy
2nd Vice Minister attends Radioactive Waste Management Safety Symposium
Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the '8th International Symposium on Safety Improvement & Stakeholder Confidence in Radioactive Waste Management' on November 10 in Gyeongju, held under the theme of “trust-building through policy implementation, technology and communication for safety management of high-level radioactive waste.” Vice Minister Park gave a congratulatory message and awarded governmental commendations (ministerial) to contrib date2022-11-14
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Energy
2nd Vice Minister attends Eumseong Natural Gas Power Plant Groundbreaking Ceremony
Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended on November 9 the groundbreaking ceremony of the Eumseong Natural Gas Power Plant, built to supply stable power to the North Chungcheong Province. Eumseong Natural Gas Power Plant is a 1.1GW project, a first of this scale in its region, and is a result of the change in the initial plan of constructing a coal-fired power station to a natural gas power plant in accordance with Korea’s fine dust reduction plans. In his date2022-11-10
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Energy
Minister attends 5th Hydrogen Economy Commission Meeting
Trade, Industry and Energy Minister Lee Chang-yang attended the fifth meeting of the Hydrogen Economy Commission on November 9 at the Lotte Hotel Seoul presided by Prime Minister Han Duck-soo, under the theme of “pan-ministerial hydrogen economy control tower for ushering in a hydrogen economy.” Minister Lee participated in MOU signing ceremonies for the creation of liquid hydrogen economy between the government and private sector parties, and in the discussions on the new r date2022-11-10
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Energy
Government announces new policies to boost hydrogen industry
South Korea’s Prime Minister Han Duck-soo presided the fifth meeting of the Hydrogen Economy Commission (hereinafter “Commission”) on November 9 at the Lotte Hotel Seoul to announce the new hydrogen economy policy directions under Korea’s new regime in order to kick the industry’s growth into high gear. This Commission meeting is the first of its kind since the new administration’s inauguration, which appointed its second-generation civilian members succeedin date2022-11-10
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Energy
Korea and Indonesia to strengthen supply chain and clean energy cooperation
The Ministry of Trade, Industry and Energy (MOTIE) held the 13th Korea-Indonesia Energy Forum via videoconferencing on November 8 with Indonesia’s Ministry of Energy and Mineral Resources. Rich in nickel, tin, and bituminous coal, Indonesia is an important country to Korea in terms of strategic cooperation in resources supply chain. As of 2021, Indonesia has the largest amount of nickel reserves (21 million metric Tons) in the world, and second largest amount of tin (0.8 million metric To date2022-11-09
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Energy
Korea signs nuclear reactor MOU & LOI with Poland
The Ministry of Trade, Industry and Energy (MOTIE) announced on October 31 that it signed an MOU with the Polish Ministry of State Assets, and a letter of intent (LOI) was also signed between Korea Hydro & Nuclear Power (KHNP) and Poland's ZE PAK (private energy company) and PGE (state-owned public power company). MOTIE’s Minister Lee Chang-yang stated that “this project is an achievement enabled by the Yoon administration’s policies and strong push for nuclear rea date2022-11-04
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Energy
Korea and Saudi Arabia hold talks on energy supply chain cooperation
Trade, Industry and Energy Minister Lee Chang-yang held a videoconference with Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman on November 2 at the latter’s request and discussed bilateral cooperation in energy sectors. The two countries shared the emphasis on the need to cooperate for oil market stabilization and clean energy collaboration. date2022-11-04
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Energy
Korea and Saudi Arabia hold talks on energy supply chain cooperation
Trade, Industry and Energy Minister Lee Chang-yang held a videoconference with Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman on November 2 at the latter’s request and discussed bilateral cooperation in energy sectors. The two countries shared the emphasis on the need for communication and cooperation between them, as crude oil supplier and consumer, to seek out oil market stabilization measures. Noting that Saudi Arabia is Korea’s major source of crude oil and the two date2022-11-04
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Energy
2nd Vice Minister attends Korea Energy Show 2022
Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the Korea Energy Show 2022 on November 2 at KINTEX in Ilsan held under the theme of “Low Carbon, High-Efficiency C-Tech Innovation for a Sustainable Future.” In his opening message, Vice Minister Park emphasized the importance of low carbon and high-efficiency c-tech innovation to effectively respond to energy security and climate change. He also toured the various exhibition booths, including the Renewable En date2022-11-03
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Energy
Korea signs nuclear reactor MOU & LOI with Poland
The Ministry of Trade, Industry and Energy (MOTIE) announced on October 31 that it signed an MOU with the Polish Ministry of State Assets, and a letter of intent (LOI) was also signed between Korea Hydro & Nuclear Power (KHNP) and Poland's ZE PAK (private energy company) and PGE (state-owned public power company). ZE PAK, PGE and KHNP will appraise the feasibility of an APR-1400 (Advanced Power Reactor 1400 MW electricity) project in Patnow, central Poland. The MOU signed by the two countr date2022-11-01