Ministry of Trade, Industry and Energy

2nd Vice Minister presides Nuclear Power Plant Ecosystem Conference

Trade, Industry and Energy 2nd Vice Minister Park Il-jun presided the Nuclear Power Plant Ecosystem Conference on February 8 at the Gyeongnam Technopark to share 2023 policy directions for recruitment, financing and R&D plans with companies as part of restoring the nuclear power plant industry ecosystem.   The Vice Minister gathered industry opinions and gave an opening message in the attendance of approximately 20 persons, including Government officials, local government bodies and t date2023-02-09

Korea and Western Australia sign LOI on energy & resources cooperation

Trade, Industry and Energy Minister Lee Chang-yang met with Mark McGowan, Premier of Western Australia, on January 30 at the Lotte Hotel Seoul to sign the Korea-Australia LOI on energy and resources cooperation and discussed critical minerals, clean hydrogen and support for Korean companies’ investment and exports. date2023-01-30

2nd Vice Minister inspects winter season power supply situation

Trade, Industry and Energy 2nd Vice Minister Park Il-Jun visited the Seoul Thermal Power Plant in Mapo-gu on January 24 to inspect power facilities and management situation, where he was briefed by Lim Yang-soo, head of Korea Midland Power's Seoul headquarters. He toured the winter season power supply operations and encouraged employees. date2023-01-26

Korea and Poland discuss energy project at Davos

Trade, Industry and Energy Minister Lee Chang-yang held talks with Jacek Sasin, Poland's Deputy Prime Minister and Minister of State Assets, on January 18 in Davos to discuss the Korea-Poland joint Pątnów project and requested smooth progress of the feasibility study and other follow-up procedures, proposing an intergovernmental letter of intent (LOI) in addition to the one inked between their corporate parties so as to deepen the bilateral partnership. date2023-01-20

Korea holds talks with Poland and Czech Republic on energy cooperation

Trade, Industry and Energy Minister Lee Chang-yang, on the occasion of the World Economic Forum (WEF), held bilateral talks with the industry and energy Ministers of Poland and the Czech Republic on January 18 in Davos to discuss cooperation in nuclear power plants and high-tech industries. Minister Lee met with Jacek Sasin, the Polish Deputy Prime Minister and Minister of State Assets, to discuss cooperation in nuclear power plants. Prime Minister Sasin is one of the key figures leading the tw date2023-01-19

Korea and UAE sign MOUs for trade, industry & energy cooperation

The Ministry of Trade, Industry and Energy (MOTIE) announced on January 15 that, on the occasion of President Yoon Suk-yeol’s state visit to the United Arab Emirates (UAE), a total of seven memorandums of understanding (MOUs) were signed between South Korea’s and UAE’s government ministries, institutions and companies for cooperation in energy (5 MOUs), industry (1), trade and investment (1). MOTIE Minister Lee Chang-yang and UAE’s Minister of Industry and Advanced Techn date2023-01-18

Korea and U.S. discuss critical minerals and energy cooperation

Trade, Industry and Energy 2nd Vice Minister Park Il-jun met with Jose W. Fernandez, U.S. Under Secretary for Economic Growth, Energy, and the Environment, on January 10 at the Government Complex Seoul to discuss cooperation in critical minerals, energy resources, and support for Korean companies’ exports and investment. Vice Minister Park emphasized that this is an important time for the two countries’ close cooperation in stabilizing the critical minerals supply chain, which is es date2023-01-11

Korea and U.S. discuss critical minerals and energy cooperation

Trade, Industry and Energy 2nd Vice Minister Park Il-jun met with U.S. Under Secretary for Economic Growth, Energy, and the Environment Jose W. Fernandez on January 10 at the Government Complex Seoul to discuss cooperation in critical minerals, energy resources, exports and investment.   date2023-01-10

2nd Vice Minister attends Public Energy Companies’ Technology Innovation Committee meeting

Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the 1st Public Energy Companies’ Technology Innovation Committee meeting on December 22 in Seoul to discuss measures for strengthening public-private energy R&D collaboration.   Vice Minister Park gave a congratulatory message, stating that “the Government and public energy companies must cooperate closely for R&D investment and good performance,” adding that public energy companies are important f date2022-12-23

Minister holds 2nd Energy Policy Advisory Committee Meeting

Trade, Industry and Energy Minister Lee Chang-yang presided the 2nd Energy Policy Advisory Committee Meeting on December 21 in Seoul and led discussions on SMEs and middle-market companies’ energy innovation measures and critical minerals strategy.   Minister Lee stated in his opening remarks that the Government has thus far shown good progress in energy supply management and received positive response from the public. As major countries are making various policy efforts to establis date2022-12-22