Ministry of Trade, Industry and Energy

Minister attends 3rd Nuclear Energy Exports Strategy Committee meeting

Trade, Industry and Energy Minister Lee Chang-yang attended the 3rd Nuclear Energy Exports Strategy Committee on November 23, held to seek expansion of Korea’s nuclear power plant and related industries’ market presence abroad and boost competitiveness.   Minister Lee gave opening remarks and facilitated discussions on follow-up measures to the nuclear reactor MOU signed with Poland, equipment and materials exports project, and integrating support for nuclear energy exports to date2022-11-25

2nd Vice Minister attends K-Recycling Alliance Launch Ceremony

Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the K-Recycling Alliance Launch Ceremony on November 18 in Seoul held for stabilization of critical minerals supply chain, where he gave a congratulatory message and attended the MOU signing ceremony for public-private joint recycling institutions’ cooperation initiative.   The event was attended by representatives of relevant organizations, including Hwang Kyu-yeon, President of Korea Mine Rehabilitation and Mineral date2022-11-22

2nd Vice Minister attends Yeosu GS Caltex MFC Plant completion ceremony

Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the Yeosu GS Caltex olefin mixed feed cracker (MFC) plant completion ceremony on November 11 and congratulated the successful construction.   Vice Minister Park stated in his congratulatory message that “by this plant completion, GS Caltex has grown from being a conventional oil refinery to an international energy enterprise with growth engine for the future” and added that “amid surging oil, gas and globa date2022-11-15

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

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

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

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

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

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

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