Ministry of Trade, Industry and 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

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

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

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

Korea and Czech Republic discuss cooperation in nuclear power ecosystem

Trade, Industry and Energy Minister Lee Chang-yang visited the Czech Republic on June 28, his first overseas visit since taking office and held talks with Miloš Vystrčil, President of the Senate of the Parliament of the Czech Republic to discuss the two countries' collaboration in nuclear power projects and other areas.   In his opening remarks, Minister Lee relayed an update on the prime operation status of Korea’s nuclear power plants and exchanged views with the Sena date2022-06-30

Korea and Czech Republic hold talks on nuclear energy cooperation

Trade, Industry and Energy Minister Lee Chang-yang visited the Czech Republic on June 28, his first overseas visit since taking office on occasion of the “Korean Nuclear & High-Tech Day 2022,” and held talks with his counterpart Jozef Síkela, the Czech Industry and Trade Minister on bilateral cooperation in nuclear energy and other various areas. The Czech Republic launched a tender in March of this year of its nuclear power plant project, which aims for completion by 20 date2022-06-29

Korea-Saudi Ministers discuss energy cooperation

Trade, Industry and Energy Minister Lee Chang-yang held a videoconference with Saudi Arabia’s Energy Minister Prince Abdulaziz Bin Salman on June 23, on the occasion of the Saudi Minister’s congratulatory message for Minister Lee’s taking office. Minister Lee expressed his gratitude in return, then the two Ministers discussed energy supply chain stability, hydrogen and other future issues for Korea-Saudi energy cooperation. Noting how Saudi Arabia is South Korea’s large date2022-06-27

Minister Lee holds talks with Saudi's Energy Minister

Trade, Industry and Energy Minister Lee Chang-yang held a videoconference meeting with Prince Abdulaziz bin Salman, Saudi Arabia’s Energy Minister, on June 23 at the Government Complex Seoul to discuss expanding Korea-Saudi economic cooperation, stable crude oil sourcing and energy supply chain resilience. date2022-06-24

Minister Lee holds 25th Energy Commission meeting

Trade, Industry and Energy Minister Lee Chang-yang held the 25th Energy Commission meeting at the Plaza Hotel Seoul on June 23 to discuss energy efficiency policies to implement under the new regime.   In his opening remarks, Minister Lee mentioned the current internal and external signs of worldwide stagflation, noting that “Korea is vulnerable to global energy market volatility.' He went on to reveal that the new regime’s energy policy consists of two pillars: “su date2022-06-24

Minister Lee holds 25th Energy Commission meeting

Trade, Industry and Energy Minister Lee Chang-yang held the 25th Energy Commission meeting at the Plaza Hotel Seoul on June 23, the first of its kind under the new regime. Launched in 2006, the Energy Commission is headed by the Trade, Industry and Energy Minister and consists of relevant ministries’ officials and civil members. The recent meeting had two agenda items, namely the new regime’s energy policy directions and market-based efficiency enhancement measures. Noting South Ko date2022-06-24