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Energy
Minister Lee holds Summer Power Supply Inspection Meeting
Trade, Industry and Energy Minister Lee Chang-yang held a Summer Power Supply Inspection Meeting on July 10 to check electricity agencies’ power capacity management status, and assessed the power capacity countermeasures announced in June prior to touring Korea Midland Power. date2022-07-12
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Energy
2nd Vice Minister attends Korea H2 Business Summit Investor Day
Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the H2 Investor Day held at the Dongdaemun Design Plaza (DDP) on July 6 hosted by Korea H2 Business Summit for stimulating private investment and seeking collaboration opportunities in hydrogen projects. In his opening message, Vice Minister Park emphasized that “hydrogen is the core energy source that can tackle both carbon neutral and energy security” and noted that the 'Hydrogen Act amendment in May has lai date2022-07-07
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Energy
2nd Vice Minister attends Korea H2 Business Summit Investor Day
Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the H2 Investor Day held at the Dongdaemun Design Plaza (DDP) on July 6 hosted by Korea H2 Business Summit. The Korea H2 Business Summit was launched voluntarily in September 2021 by 17 companies investing in the hydrogen value chain, some of which are Hyundai Motor, SK, POSCO and Samsung C&T. The hydrogen fund (hereinafter “summit fund”) launching was publicly officialized by the H2 Investor Day event, and a pu date2022-07-07
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Energy
2nd Vice Minister attends “Power Generation Big Data Place
Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the “Power Generation Big Data Place Opening Ceremony” at the Korea Electric Power Corporation Research Institute (KEPRI) in Daejeon on July 4 to award orders of merit to those who contributed to the “Data Place” establishment. In his congratulatory message, Vice Minister Park stated that the Power Generation Big Data Place not only lays the foundation for power industry’s digitalization but date2022-07-06
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Energy
Korea's new energy policies are announced
The Government held the 30th Cabinet meeting presided by President Yoon Suk-yeol on July 5 with participation of relevant ministries and laid out new energy policy goals and directions through a deliberation and resolution process. Amid the global push for carbon neutral, escalation of Russia-Ukraine conflict and global energy supply chain uncertainties, energy security and attaining carbon neutral goals are now more critical than ever. In response to these changes, it is imperative that new e date2022-07-05
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Energy
Minister Lee attends Energy Efficiency Innovation 2022
Trade, Industry and Energy Minister Lee Chang-yang attended the kick-off ceremony for “Energy Efficiency Innovation with Citizens 2022” at Seoul City Hall on July 4, which was held under the slogan, “Net-Zero (NZ) Generation, Caring for Earth.” Minister Lee delivered opening remarks and awarded “Energy Cashback” award certificates and plaques to households and apartments that succeeded in reaching energy reduction goals, followed by a signing ceremony date2022-07-05
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Energy
2nd Vice Minister visits Sin-yangjae Substation
Trade, Industry and Energy 2nd Vice Minister Park Il-jun visited the Sin-Yangjae Substation on June 30 to inspect the stable supply of power companies. In his opening remarks, Vice Minister Park stated that “the Government will do its best to secure alternate resources and stabilize demand as part of the plans announced for summer power supply management.” Noting that the Sin Yang-jae substation is central to stable power supply, he added that “a thorough inspection is date2022-07-04
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Energy
2nd Vice Minister visits gas station
Trade, Industry and Energy 2nd Vice Minister Park Il-jun visited the Altteul Gas Station located in Hwagok-dong, Gangseo-gu, Seoul on July 1, to encourage the station for having lowered their gas price immediately in accordance with recent additional oil tax cuts. The Vice Minister received a briefing on station operation status from the station CEO and watched the tanker truck unloading process, then changed the price board to indicate that oil tax cuts have been factored in. &nb date2022-07-04
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Energy
Minister Lee visits Poland to further nuclear and energy cooperation
Trade, Industry and Energy Minister Lee Chang-yang visited Poland on June 30 to discuss nuclear power, defense and high-tech bilateral collaboration with Anna Moskwa, Minister of Climate and Environment and Ryszard Terlecki, the Parliamentary Caucus Head of the Law and Justice party. Minister Lee’s Poland visit is on the heels of President Yoon’s June 29 visit and promotion of South Korea’s nuclear power development capacity. Minister Lee’s visit was accompanied by the D date2022-07-01
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Energy
Minister Lee visits Poland to further nuclear and energy cooperation
Trade Minister Lee Chang-yang visited Poland through June 30 to July 1 to discuss Korea-Poland nuclear cooperation with various counterparts on the occasion of Korean Nuclear and High-Tech Day 2022 and bilateral nuclear cooperation MOU signing ceremony both held at the Sheraton Warsaw Hotel on June 30. Minister Lee met with Anna Moskwa, Poland’s Minister of Climate and Environment and discussed defense and high-tech, including EVs, hydrogen, battery and CCUS (carbon capture, utili date2022-07-01
