Ministry of Trade, Industry and Energy

Vice Minister visits Taebaek Gadeoksan onshore wind farm

Trade, Industry and Energy 2nd Vice Minister Park Il-jun visited the Taebaek Gadeoksan onshore wind farm in Gangwon Province on September 22 to inspect the local residents’ wind power project participation progress.   The Vice Minister toured the wind power farm and stated in his opening remarks that, “because local farmers and fishermen are inevitably affected by the construction and operation of these renewable energy plants, it is imperative that project developers communic date2022-09-23

2nd Vice Minister attends 29th Korea Gas Safety Awards

Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the 29th Korea Gas Safety Awards ceremony to award government commendations to persons that contributed to the advancement of Korea’s gas and hydrogen industry.   In the ceremony, Vice Minister Park gave a congratulatory message, and awarded 38 orders of merit and medals of honor to commend those that contributed to developing the hydrogen mobility industry, such as producing Korea’s first hydrogen fuel cell con date2022-09-21

MOTIE attends 2nd Industry & Energy GHG Reduction Council Meeting

Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the 2nd Industry & Energy Greenhouse Gas (GHG) Reduction Council Meeting on September 16 in Seoul for the KOTRA-GGGI (Global Green Growth Institute) MOU signing ceremony.   In his opening remarks, Vice Minister Park emphasized that greenhouse gas emission reduction project is humanity’s means of countering climate change, and is also a measure to expand exports and new job openings through domestic companies&r date2022-09-19

Minister holds 1st Energy Policy Consultation Committee Meeting

Trade, Industry and Energy Minister Lee Chang-yang presided the 1st Energy Policy Consultation Committee Meeting on September 16 at the Lotte Hotel Seoul to discuss renewable energy strategies amid the global energy supply crisis and changing energy landscape.   At the meeting, Incheon National University Professor Sonn Yang-hoon was awarded the certificate of appointment by Minister Lee on behalf of the newly commissioned consultation members. Minister Lee gave an opening message and fac date2022-09-19

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