Ministry of Trade, Industry and Energy

MOTIE attends ASEAN energy meetings

The Ministry of Trade, Industry and Energy (MOTIE)’s Energy Policy Director-General Lee Won-ju attended the 16th East Asia Summit (EAS) and 19th ASEAN+3 Energy Ministers’ Meeting on September 16 to discuss energy security reinforcement and clean energy expansion with counterparts from ASEAN and Northeast Asia. At the EAS, Director-General Lee emphasized the urgency of global energy market stabilization and energy security reinforcement, and expressed agreement to the need for clean date2022-09-19

Minister holds 1st Energy Policy Consultation Committee Meeting

Trade, Industry and Energy Minister Lee Chang-yang held the 1st Energy Policy Consultation Committee Meeting on September 16 where he gathered experts’ opinions on global energy supply crisis countermeasures. Amid the rapidly changing energy market landscape, protracted Russia-Ukraine war and the energy policy directions announced in July that are to be implemented under the new regime, the need for preemptive mid-to-long term policy tasks and active communication with experts has been co date2022-09-16

MOTIE announces Energy Innovation Startup Development Measures

Trade, Industry and Energy Minister Lee Chang-yang visited the vanadium ion battery (VIB)-based electric vehicle (EV) charging station demonstration site operated by Standard Energy, and presided the Energy Innovation Business Roundtable at Korea Technology Center in Seoul, where he announced the Ministry’s Energy Innovation Startup Development Measures (hereinafter “Development Measures”). Standard Energy, located in Daejeon, is a company recognized for its VIB technology wit date2022-09-15

2nd Vice Minister visits Incheon LNG Terminal

Trade, Industry and Energy 2nd Vice Minister Park Il-jun visited on September 8 the Korea Gas Corporation (KOGAS)’s Incheon LNG Terminal, which is the world’s largest LNG terminal and supplies 35% of domestic LNG, for a company briefing and facilities inspection.    The 2nd Vice Minister received a briefing on the company’s operation status from KOGAS executive Seong Young-gyu and gave an opening message, urging for “thorough monitoring in view of prolonged Ru date2022-09-13

Korea and Oman hold talks on energy supply chain cooperation

Trade, Industry and Energy Minister Lee Chang-yang held talks with Oman’s Energy and Minerals Minister Salim bin Nasser Al Aufi on September 5 at the Lotte Hotel Seoul concerning LNG, green hydrogen, energy supply chain cooperation and Korean companies’ participation in Oman’s energy infrastructure projects. date2022-09-05

2nd Vice Minister attends G20 Energy Ministers Meeting

Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the G20 Ministers meeting on September 2 via videoconferencing to discuss energy and environmental cooperation for clean energy expansion.   During the meeting, the member states exchanged views on the joint communique for clean energy acceleration and discussed agenda items, including technology development and supporting access to clean energy for the disadvantaged, as well as investment and financial assistance.   date2022-09-02

2nd Vice Minister attends G20 Energy Ministers Meeting

Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the G20 Energy Ministers Meeting on September 2 via videoconferencing and discussed cooperation measures to expand clean energy and expressed support for the joint communiqué on accelerating clean energy. Participant nations agreed that the global energy market was becoming more fraught with uncertainties and the need for supply chain and security is rising. Moreover, they discussed technological development, support for e date2022-09-02

2nd Vice Minister holds 1st Energy Supply Emergency Measures meeting

Trade, Industry and Energy 2nd Vice Minister Park Il-jun presided the first Energy Supply Emergency Measures meeting on September 1 at Korea Electric Power Corporation (KEPCO) Southern Seoul Headquarters to discuss energy supply stabilization measures for the coming winter season amid prolonged Russia-Ukraine war.   The attendees assessed summertime power supply performance, then discussed private power generation, wintertime power supply prospects and response measures.   The even date2022-09-01

Prime Minister and 2nd Vice Minister attend H2 MEET

South Korea’s Prime Minister Han Duck-soo and Trade, Industry and Energy 2nd Vice Minister Park Il-Jun attended the H2 MEET (Mobility, Energy, Environment, Technology) Exhibition opening ceremony at KINTEX in Goyang-si, Gyeonggi-do on August 31. In his congratulatory message, Prime Minister stated that “Korea’s new regime aims to achieve a balanced development of all hydrogen cycles (production, distribution, utilization) and that future policies will be soon announced by the date2022-08-31

2nd Vice Minister visits Korea's first hydrogen self-charging station

Trade, Industry and Energy 2nd Vice Minister Park Il-jun visited the nation’s first hydrogen self-charging station at Incheon Airport on August 29 for safety devices inspection and self-charging demonstration.    In his opening message, the Vice Minister remarked that “self-charging is an excellent case of regulatory improvement in that it satisfies both drivers and charging station business operators by enabling longer station operation hours and cheaper hydrogen price.& date2022-08-30