Ministry of Trade, Industry and Energy

2nd Vice Minister attends Jeju-type Distributed Energy Masterplan Presentation

Trade, Industry, and Energy 2nd Vice Minister Park Ki-young attended the Jeju-type Distributed Energy Masterplan Presentation on April 12 at the CFI Energy Future Hall, held to promote the importance of distributed energy and central-local cooperation.   In his opening remarks, the Vice Minister stated that “the Ministry will push the momentum for distributed energy based on close cooperation between central and local experts.” After listening to the Jeju-type Distributed Ener date2022-04-13

Vice Minister Park inspects Muju pumped storage power plant

Trade, Industry, and Energy 2nd Vice Minister Park Ki-young visited the Muju pumped storage power plant on April 7 in time for springtime inspections and to hold talks with energy sector public companies on power stabilization measures.   As part of preventive maintenance, Vice Minister Park assessed the domestic pumped storage power generation situation and new projects progress, noting that pumped storage power plant facilities play a key role in peak load response and overcoming limita date2022-04-08

Korea's first homemade gas turbine to power Gimpo CCPP

Trade, Industry, and Energy Minister Moon Sung-wook visited the Gimpo Combined Cycle Power Plant (CCPP) project site operated by Korea Western Power (KOWEPO) on April 5 to attend the installation commencement ceremony of Korea’s first homemade gas turbine. The Ministry of Trade, Industry, and Energy (MOTIE) first propeled the public-private development of power plant gas turbines in 2013 as part of its MPE (materials, parts, and equipment) initiative. Six years later in 2019, Korea became date2022-04-06

Minister Moon attends Korea’s Homemade Gas Turbine Installation Ceremony

Trade, Industry, and Energy Minister Moon Sung-wook attended Korea’s Homemade Gas Turbine Installation Commencement Ceremony on April 5, held at the Gimpo Combined Cycle Power Plant (CCPP) project site in Gimpo-si, Gyeonggi-do, where the turbine will be used to generate electricity.   Minister Moon participated in the ribbon-cutting ceremony after extending congratulatory remarks, and toured around the power station site, encouraging the workers.   The event was attended date2022-04-06

Incheon City's hydrogen-powered transportation and investment MOU ceremony

Trade, Industry, and Energy 2nd Vice Minister Park Ki-young attended a ceremony celebrating the near future of “Incheon city for foreign-invested companies and hydrogen-powered public transportation” held at the Incheon Metropolitan City government office on March 30.   At the ceremony, Vice Minister Park delivered a congratulatory message, and proceeded with the MOU signing ceremony for “Hydrogen-Powered Public Transportation City” among the Ministry of Trade date2022-04-01

Energy Vice Minister attends Chungju bio-hydrogen refueling station completion ceremony

Energy Vice Minister Park Ki-young attended the Chungju bio-hydrogen refueling station completion ceremony on March 30 to commemorate the launching of Korea’s first biogas hydrogen charging facilities.   The Chungju hydrogen refueling facilities are equipped to fuel hydrogen cars and will also serve as a mother station by delivering tube trailers to other hydrogen stations. The station utilizes biogas generated from the nearby Chungju Food Bio Energy Center to produce hydrogen. In h date2022-03-30

Minister Moon attends IEA Ministerial Meeting

Trade, Industry, and Energy Minister Moon Sung-wook attended the International Energy Agency (IEA) Ministerial Meeting on March 23-24 to discuss energy security amidst the Ukraine crisis. At the session, Minister Moon joined in the official approval for release of oil reserves for the stabilization of global energy market. The IEA is an international body for energy cooperation consisting primarily of OECD member states, established for effectively responding to oil supply crises. The even date2022-03-29

Minister Moon attends IEA Ministerial Meeting

Trade, Industry, and Energy Minister Moon Sung-wook attended the International Energy Agency (IEA) Ministerial Meeting held at IEA headquarters in Paris on March 24 to discuss energy security and energy transition.   During the session, Minister Moon stated that “South Korea has declared that it will actively participate in stabilizing the energy market in joint efforts with the international community,” and added that “Korea has joined in the recent release of oil reser date2022-03-28

Energy Vice Minister holds talks with Australian Ambassador to the Republic of Korea

Trade, Industry and Energy 2nd Vice Minister Park Ki-young held talks with Australian Ambassador to the Republic of Korea Catherine Raper at the Government Complex Seoul on March 24 to discuss R&D, hydrogen, CCUS (Carbon, Capture, Utilization, and Storage), energy, resources, and supply chain cooperation measures. date2022-03-28

Energy Vice Minister attends Saemangeum Industrial Complex Support Center groundbreaking ceremony

Energy Vice Minister Park Ki-young attended the Saemangeum Energy Industrial Complex Support Center groundbreaking ceremony held at its construction project site in Gunsan-si, North Jeolla Province on March 21.   Vice Minister Park delivered a congratulatory message, affirming that the Ministry “will monitor both direct and indirect real economic impact from Russia-Ukraine crisis, building a stable and resilient energy supply chain that can withstand various risks.” He ad date2022-03-23