Ministry of Trade, Industry and Energy

Korea and Australia sign fuel cell export cooperation MOU

Trade, Industry and Energy 2nd Vice Minister Park Il-jun gave an opening message at the Fuel Cell Export Vision Declaration Ceremony on March 23 held in Seoul, where he also attended the exports MOU signing ceremony between Korea Hydrogen Fuel Cell Industry Association and the Australian Hydrogen Council.   The ceremony was attended by approximately 100 persons, including Hydrogen Convergence Alliance (H2KOREA) head Moon Jae-do, Doosan Fuel Cell COO Che Hu-seok and Catherine Raper, Ambass date2023-03-28

2nd Vice Minister inspects freeze protection system site for fire safety

Trade, Industry and Energy 2nd Vice Minister Park Il-jun visited the LG Science Park in Seoul on March 22 to inspect fire prevention management conditions and implementation progress of safety improvement measures at a freeze protection system site as preparation against winter season fires.   The Vice Minister received a briefing on safety management of freeze protection system installation site from Korea Electrical Safety Corporation (KESCO) President Park Ji-hyun and GS E&C Direct date2023-03-28

MOTIE launches 7th Energy Commission

Trade, Industry and Energy Minister Lee Chang-yang presided the 28th Energy Commission meeting and launched the 7th Energy Commission at the Lotte Hotel Seoul on March 24 to discuss major energy policy directions.   The Minister presented certificates of appointment to the newly commissioned 7th Energy Commission members and led deliberation on agenda items, including global energy prices and forecasts, and measures for energy efficiency innovation and energy conservation.   T date2023-03-27

MOTIE launches 7th Energy Commission

Trade, Industry and Energy Minister Lee Chang-yang launched the 7th Energy Commission (hereinafter “Commission”) and held the 28th Energy Commission meeting at the Lotte Hotel Seoul on March 24. The newly appointed 25 Commission members consist of a balanced mix of experts with professional careers currently in areas like power generation, nuclear power plants, renewables, hydrogen, resources, and those with academic backgrounds in economics, law and engineering. In his opening mes date2023-03-27

Minister holds Pan-Ministerial Energy Efficiency Innovation Consultative Meeting

Trade, Industry and Energy Minister Lee Chang-yang held the Pan-Ministerial Energy Efficiency Innovation Consultative Meeting on March 14 at the Government Complex Seoul to gather pan-ministerial capacity and draw the entire Korean public participation to accelerate an energy structure shift towards low consumption and high efficiency.   The meeting was attended by 13 other ministries related to energy efficiency and conservation, including the Ministry of Economy and Finance (MOEF), Mini date2023-03-16

Minister holds Pan-Ministerial Energy Efficiency Innovation Consultative Meeting

Trade, Industry and Energy Minister Lee Chang-yang held the Pan-Ministerial Energy Efficiency Innovation Consultative Meeting on March 14 at the Government Complex Seoul with 13 other ministries related to energy efficiency and conservation. The Korean government is recently focusing policy efforts on fundamentally reducing burden on companies and households caused by the protracted energy crisis, rising energy costs and high inflation. The consultative meeting was held to gather pan-ministeri date2023-03-16

MOTIE discusses deconcentration measures for datacenters

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the 18th National Policy Agenda Ministerial Meeting presided by Prime Minister Han Duck-soo on March 9 at the Government Complex Seoul, where he led discussions on measures for mitigating the concentration of datacenters in the Seoul metropolitan area. Discussions focused on datacenter dispersion measures that relevant ministries can collaborate on more closely, building around measures announced by MOTIE this January. The da date2023-03-10

2nd Vice Minister presides conference on nurturing liquid hydrogen ecosystem

Trade, Industry and Energy 2nd Vice Minister Park Il-jun presided a conference on March 9 with Korea’s liquid hydrogen companies at Doosan Enerbility to examine the project progress for fostering a liquid hydrogen ecosystem in Korea.   Vice Minister Park gave an opening message and led discussions on measures to create a liquid hydrogen ecosystem following the announcement of clean hydrogen ecosystem measures during the 5th Hydrogen Economy Commission meeting, and gathered companies date2023-03-10

Korea and Uzbekistan hold 1st bilateral energy dialogue

The Ministry of Trade, Industry and Energy (MOTIE)’s Energy Industry Deputy Minister Cheon Young-gil held the 1st Korea-Uzbekistan Energy Dialogue with Azim Israilovich Akhmedkhajaev, First Deputy Minister at Ministry of Energy of the Republic of Uzbekistan, on March 7 in Seoul to share energy policies and discuss measures to expand cooperation in renewable energy and energy efficiency. The meeting is meaningful in that it is the first official Korea-Uzbekistan energy dialogue held in acc date2023-03-08

Korea ups refund rate of energy-efficient program for socially vulnerable

The Ministry of Trade, Industry and Energy (MOTIE) announced on March 1 that it will be implementing a 10-20 percent refund program as of March 2 for energy-efficient home appliance purchases for approximately socially vulnerable households (app. 3.5 million) in Korea to mitigate financial burden amid surging energy prices. The refund program is the Korea government’s “energy conservation and efficiency improvement” policy in order to fundamentally transition to low energy con date2023-03-03