Ministry of Trade, Industry and Energy

Korea, Chile vow to enhance hydrogen sector cooperation

Trade, Industry and Energy Vice Minister Park Kiyoung (left) met with Chilean Minister for Energy and Mining Juan Carlos Jobet in Seoul, on November 9, and the two countries signed a memorandum of understanding (MOU) aimed at expanding cooperation in the hydrogen sector, exchanging technologies and developing business opportunities.   It is expected that Chile’s renewable energy resources and Korea’s hydrogen utilization and distribution technologies combined together would en date2021-11-09

MOTIE, civic group join efforts for carbon neutrality

Trade, Industry and Energy Minister Moon Sungwook (center) met with the heads of the Korea NGO’s Energy Network on September 3, to discuss measures to induce public participation in climate action to achieve the 2050 carbon neutral goal.   Minister Moon stressed the role of civic groups in building a broad consensus among the public and encouraging people to take part in energy conservation. date2021-09-03

2nd Vice Minister visits hydrogen production facility in Daejeon

Trade, Industry and Energy 2nd Vice Minister Park Kiyoung made an on-site visit to the hydrogen production facility at the Korea Institute of Energy Research in Daejeon, on August 18, to discuss with industry experts measures to achieve carbon neutrality through clean hydrogen and create new jobs. date2021-08-18

Korea, Mexico to strengthen cooperation in energy and resources

Trade, Industry and Energy Minister Moon Sungwook (left) met with Mexican Energy Minister Rocío Nahle García in Seoul, on August 13, to discuss plans to strengthen cooperation in energy and resources. Minister Moon suggested that the two countries hold detailed working-level talks for the bilateral meeting on industry and resources scheduled for next year, the 60th anniversary of diplomatic relations. The two sides also agreed to join efforts for the Dos Bocas oil refinery project date2021-08-13

Minister Moon visits electrical substation to check electricity supply and demand status

Trade, Industry and Energy Minister Moon Sungwook made an on-site visit to the substation of the Korea Electric Power Corporation (KEPCO) in Sejong, on August 9, as the power demand this week is expected to reach the highest this summer.Minister Moon encouraged the field workers’ efforts to meet surging power demand amid scorching heat, and asked for special precautions regarding safety management. date2021-08-09

Minister Moon checks power management system for stable supply of electricity

Trade, Industry and Energy Minister Moon Sungwook made a visit to the Seoul Power Generation Site Division of Korea Midland Power Co., on July 20, to check the power management system for a stable supply of electricity during the summer. date2021-07-20

Minister Moon meets with energy firms to discuss demand response program

Trade, Industry and Energy Minister Moon Sungwook held a virtual meeting with demand side management companies and participants of demand response (DR) programs, on July 13, to discuss measures to effectively manage energy demand during summer. The DR market, first established in 2014, has played a role in meeting energy demand in summer and winter months as participant companies adjust energy consumption during peak hours and in turn get compensated. Minister Moon encouraged related firms to pa date2021-07-13

Korea, EU agree to cooperate for climate goals

Trade, Industry and Energy Minister Moon Sungwook (right) met with Frans Timmermans, European Commission Executive Vice President for the European Green Deal, in Seoul, on July 6, to discuss cooperative measures to fight against climate change. The two sides agreed on the need to expand cooperation in energy issues, for example, clean hydrogen, as they share the goal to achieve carbon neutrality by 2050. date2021-07-07

Minister Moon visits site of secondary battery production

Trade, Industry and Energy Minister Moon Sungwook (right) visited the Ulsan plant of Samsung SDI, a local manufacturer of rechargeable batteries, on July 5, to discuss with industry representatives the development strategy for the battery sector. The government plans to unveil a detailed development strategy for the secondary battery industry in order to boost technological development, discover key materials, parts and equipment firms, and foster skilled manpower. date2021-07-05

Minister Moon discusses energy issues with government officials

Trade, Industry and Energy Minister Moon Sungwook held the 23rd Energy Committee meeting with government officials, on June 30, and discussed measures to promote distributed energy generation, meet electricity demand during summer, and reform the electrical safety inspection system. Minister Moon said that in order to change the current fossil fuel-oriented energy system to a system centered on clean energy, the government will devise policies to expand power grid infrastructure, promote sector date2021-06-30