Ministry of Trade, Industry and Energy

2nd Vice Minister holds conference on energy demand streamlining

Trade, Industry and Energy 2nd Vice Minister Park Il-Jun presided the inter-industrial conference on streamlining energy demand on July 21 at the Korea Chamber of Commerce and Industry (KCCI) to gather opinions from various industries on energy demand efficiency improvement and to discuss summer power supply response measures, noting that industries take up 62 percent of total energy consumption.   The conference was attended by approximately 20 relevant representatives, including Korea E date2022-07-26

MOTIE holds Hydrogen Economy Investment Stimulation Conference

Trade, Industry and Energy 2nd Vice Minister Park Il-Jun presided the Hydrogen Economy Investment Stimulation Conference on July 20 at the Lotte Hotel Seoul to share the new regime’s hydrogen economy policies and gather opinions from private equity firms to bolster hydrogen industry competitiveness.   In his opening message, the 2nd Vice Minister stated that “South Korea’s new regime’s energy policies envision a strong energy system through climate change response, date2022-07-20

MOTIE-Seoul Energy Efficiency & Innovation Vision Declaration

Trade, Industry and Energy Minister Lee Chang-yang attended the MOTIE-Seoul Energy Efficiency & Innovation Vision Declaration Ceremony held at the Lotte Hotel Seoul on July 20 with Seoul Mayor Oh Se-hoon to sign MOUs for building up Korea and Seoul into respective energy efficiency leader and smart city.   Minister Lee and Mayor Oh signed an MOU for “Building up Korea and Seoul into energy efficiency powerhouse and Smart Energy City” as well as an MOU for “Innovating date2022-07-20

2nd Vice Minister visits Shin Hanul 1 trial run site

Trade, Industry and Energy 2nd Vice Minister Park Il-jun visited the Hanul Nuclear Power Plant in Uljin, Gyeongbuk on July 18 to inspect the Shin Hanul 1 trial run site and construction progress of Shin Hanul 3 and 4.   The 2nd Vice Minister received briefings from the powerplant director of Shin Hanul 1 and construction team head of Shin Hanul 3 and 4 on test operation and construction resumption status. He then delivered an opening message, stating that “the most basic prem date2022-07-20

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

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

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

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

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

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