Ministry of Trade, Industry and Energy

Minister Lee discusses trade and energy with U.S. House Energy Subcommittee

Trade, Industry and Energy Minister Lee Chang-yang met the U.S. House Energy Subcommittee on Energy, Climate, and Grid Security members Jeff Duncan, Tim Walberg, Randy Weber, Scott Peters and Debbie Lesko in Seoul on June 30 to discuss nuclear energy, natural gas and measures for strengthening Korea-U.S. trade cooperation. date2023-07-06

MOTIE holds 3rd briefing on measures for strengthening response to new trade regulations

Trade, Industry and Energy Ministry’s Deputy Minister for FTA Negotiations Roh Keon-ki attended the third briefing session on measures for strengthening response to new trade regulations at the Courtyard Seoul Namdaemun on June 28, co-hosted by the Ministry and the Korean Commercial Arbitration Board (KCAB).   After giving an opening message, Deputy Minister Roh led discussions on international investment arbitration, commercial arbitration and civil lawsuit trends and response meas date2023-07-06

2nd Vice Minister attends Nuclear Power Forum Foundation Assembly

Trade, Industry and Energy 2nd Vice Minister Kang Kyung-sung attended the Nuclear Power Forum Foundation Assembly held at the Korea Press Center on June 28, held for facilitation of discussions on the nuclear power industry’s future development and transparent communication with the public.   In his congratulatory message, Vice Minister Kang stated that “nuclear energy is an essential source of power for Korea’s energy security, and is a most powerful and efficient green date2023-07-05

Korea wins bid project for building tritium removal facility in Romania

Trade, Industry and Energy Minister Lee Chang-yang attended the ceremony for signing the memorandum of understanding (MOU) on the project bid for building a tritium removal facility in Romania worth KRW 260 billion, the largest amount as a single nuclear power plant facility export.   In his opening message, the Minister stated that export of not only large reactors but also facilities will be strongly supported to win additional bids in the future.   The event was attended by rela date2023-06-30

Korea wins bid project for building tritium removal facility in Romania

The Ministry of Trade, Industry and Energy (MOTIE) announced on June 27 that Korea Hydro & Nuclear Power (KHNP) has won a KRW 260 billion bid project for building a tritium removal facility in Romania. The project will involve the building of a safety facility for capturing and storing tritium, which is a radioactive substance created in the process of activating heavy water reactors for the continued operation of Romania’s Cernavodă Nuclear Power Plant. Largest to date in value for date2023-06-30

Minister Lee discusses investment with Vestas CEO

Trade, Industry and Energy Minister Lee Chang-yang met with world-leading Danish wind turbine maker Vestas’ CEO Henrik Andersen in Seoul on June 26 to discuss Vestas’ Asia-Pacific headquarters relocation to Seoul slated for September, 2023, as well as the establishment of a new wind turbine parts manufacturing plant in Korea. date2023-06-27

Minister Lee discusses investment with Vestas CEO

Trade, Industry and Energy Minister Lee Chang-yang met with world-leading Danish wind turbine maker Vestas’ CEO Henrik Andersen in Seoul on June 26 to discuss Vestas’ Asia-Pacific headquarters relocation to Seoul slated for September, 2023. Henrik Andersen is on a due diligence visit to Korea regarding the relocation of regional headquarters and the establishment of a new wind turbine parts manufacturing plant in Korea. Vestas has supplied more than 160GW of wind turbine power arou date2023-06-27

MOTIE attends hydrogen turbine power demonstration ceremony

The Ministry of Trade, Industry and Energy (MOTIE) announced on June 21 that a Korean company has developed a technology that blends up to 50 percent hydrogen in medium-sized gas turbines. Hanwha Impact held a ceremony to celebrate the demonstration of hydrogen turbine power generation at the Hanwha Impact Daesan plant located in Seosan, Chungnam on June 21. Hanwha Impact, in cooperation with Korea Western Power, developed a technology that blends and burns up to 50 percent hydrogen in a medium date2023-06-23

Minister Lee inspects power companies for stable summer power supply

Trade, Industry, and Energy Minister Lee Chang-yang visited the Korea Power Exchange (KPE) Gyeongin Branch located in Uiwang, Gyeonggi-do on June 15 to inspect the preparation status for the summer power supply by the Korea Electric Power Corporation, Korea Power Exchange, and other power generation companies. The on-site inspection took place to check each organization’s progress on the “Summer Season Power Supply Outlook and Measures” decided at the Ministerial Conference on date2023-06-22

Korea and Japan to bolster policy cooperation in hydrogen

Trade, Industry and Energy Ministry’s Director-General for Hydrogen Economy Policy Bureau Lee Ok-heon met with Hiro Inoue, Japan’s Economy, Trade and Industry Ministry (METI)’s Director-General of the Energy Conservation and Renewable Energy Department, to discuss measures for policy cooperation in hydrogen safety and related industries. The director-generals agreed on the need for hydrogen energy in the shared goal of achieving carbon neutrality, and exchanged views on Korea& date2023-06-21