Ministry of Trade, Industry and Energy

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

Korea and Western Australia discuss measures for stronger energy supply chain cooperation

The Ministry of Trade, Industry and Energy (MOTIE)’s Vice Minister Kang Kyungsung met with Western Australia’s Premier Roger Cook on September 8 in Seoul to discuss measures for cooperation in energy areas like CCS (carbon capture and storage), clean hydrogen, ammonia, green steel, critical minerals, and natural gas, as well as a Korea-Western Australia memorandum of understanding (MOU) in energy cooperation. date2023-09-11

Korea and Western Australia discuss measures for stronger energy supply chain cooperation

The Ministry of Trade, Industry and Energy (MOTIE)’s Vice Minister Kang Kyungsung met with Western Australia’s Premier Roger Cook on September 8 in Seoul to discuss measures for cooperation in energy areas like CCS (carbon capture and storage), clean hydrogen, ammonia, green steel, critical minerals, and natural gas, as well as a Korea-Western Australia memorandum for understanding (MOU) in energy cooperation. A number of Korean firms like SK E&S and GS Caltex plan to carry out date2023-09-11

Korea opens first hydrogen charging station for construction & industrial equipment

The Ministry of Trade, Industry and Energy (MOTIE) held the completion ceremony on September 6 for Korea’s first hydrogen charging station built exclusively for construction and industrial machinery at the Korea Construction Equipment Technology Institute (KOCETI)’s comprehensive testing center. MOTIE noted that the completion of this charging station will accelerate the distribution of hydrogen mobility in the market for off-road special equipment such as excavators and forklift tr date2023-09-07

Korea conducts first test flight with sustainable aviation fuel

The Ministry of Trade, Industry and Energy (MOTIE) and the Ministry of Land, Infrastructure and Transport (MOLIT) announced on September 5 that over the next three months, the cargo airline flying from Incheon to Los Angeles will be partially fueled with sustainable aviation fuel (SAF) for test flights. The first test flight was conducted via Korean Air’s flight KE207 at 5:45 p.m. on September 5 from Incheon to Los Angeles by filling two percent of the jet aircraft fuel with SAF. Five mor date2023-09-06

Korea attends 13th APEC Energy Ministerial Meeting in Seattle

  The Republic of Korea’s Energy Industry Deputy Minister Cheon Young-gil headed the Korean delegation participating in the 13th Asia-Pacific Economic Cooperation (APEC) Energy Ministerial Meeting from August 15-16 held in Seattle, U.S., breaking the eight-year hiatus following the previous APEC energy ministerial meeting. Korea, the U.S., Canada, Japan, China, Russia, Taiwan, Australia, Indonesia and Malaysia were among the 21 economies that gathered to discuss measures for 1) expa date2023-08-18

Korea accelerates crucial power network expansion to boost high-tech industry

The project to construct a 500kV Buk Dangjin-Godeok high-voltage direct current (HVDC) transmission line supplying power to the Pyeongtaek semiconductor complex and the southern Seoul metropolitan area, is expected to be fully operational by the end of this year at the earliest. Trade, Industry and Energy Minister Lee Chang-yang visited the construction site of the power network in the Dangjin area on August 2 to encourage smooth preparations to meet completion deadlines. The “500kV Buk D date2023-08-07