Ministry of Trade, Industry and Energy

Local retailers promise to take part in carbon neutrality initiative

Trade, Industry and Energy Minister Moon Sungwook (center) met with major retailers and related agencies in Seoul, on June 28, and delivered a congratulatory speech to encourage local companies’ efforts to save energy and commit to reaching net zero carbon emissions.Local franchises of convenience stores and hypermarkets agreed to take part in the initiative to achieve carbon neutrality by 2050.The government will discover and implement other effective programs with the Korea Electric Powe date2021-06-28

Korea, Spain to expand green, digital partnerships

Issued on: June 16, 2021   During President Moon Jae-in’s visit to Spain (June 15-17), Korea and Spain agreed to strengthen business cooperation in the green and digital sectors at the Green & Digital Forum held in Madrid, on June 16 (local time).   President Moon proposed that the two countries ramp up investments in renewable energy and green mobility, encourage digital cooperation to improve industrial competitiveness, and expand partnership in construction and infrast date2021-06-17

Minister Moon discusses carbon neutrality with state-run utility firms

Trade, Industry and Energy Minister Moon Sungwook (center) visited the Korea Electric Power Corporation (KEPCO) headquarters, on June 10, and met with representatives from state-run utility firms to discuss response measures for the country’s commitment to go carbon neutral by 2050. Minister Moon emphasized the need for comprehensive innovation across the energy sector and urged the state-run utilities to play a leading role in achieving carbon neutrality by establishing a sustainable syst date2021-06-10

Minister Moon encourages local hydrogen companies

Trade, Industry and Energy Minister Moon Sungwook visited the plant of Yuhan Precision, a local maker of bipolar plates used in fuel cell electric vehicles (FCEVs) in Asan, Chungnam, on June 1, and met with representatives from 11 hydrogen-specialized companies under the Hydrogen Act.   Minister Moon encouraged the companies’ efforts in contributing to the development of clean energy technology, and promised active support for them to grow as global leaders. date2021-06-02

｢2021 P4G Seoul Summit Energy Session｣

□ The Ministry of Trade, Industry and Energy (Minister Moon Sungwook) organized a thematic session on energy* on the second day of the two-day ｢2021 P4G Seoul Summit (5.30~31)｣. * Thematic sessions : energy, water, food/agriculture, cities, circular economy ㅇ Under the theme ‘A Greener Planet with Innovative Energy Solutions’, representatives from governments, enterprises, and international organizations gathered to discuss innovative energy solutions for carbon neutrality an date2021-06-01

Korean and US Leaders Agree to Co-Participate in Overseas Nuclear Markets

□ On May 21 (local time), the Presidents of Korea and the United States released a joint statement that Korea and the United States “commit to develop cooperation in overseas nuclear markets, including joint participation in nuclear power plant projects, while ensuring the highest standards of international nuclear safety, security, and nonproliferation are maintained.”   □ In addition, in the factsheet released with the joint statement, Korea and the United States announc date2021-05-22

Minister Moon holds meeting with energy firms after cyberattack on U.S pipeline

Trade, Industry and Energy Minister Moon Sung-wook held a virtual meeting with representatives from state-run energy agencies, on May 11, to examine the emergency response systems of local power grids and pipelines amid the recent cyberattack on a major U.S. pipeline.   Minister Moon said that the government will closely monitor the impacts of the U.S. pipeline disruptions on the global oil market to prevent possible negative effects on the domestic oil supply, and cooperate with energy f date2021-05-11

Minister Sung watches demonstration of hydrogen electric tram concept car

Trade, Industry and Energy Minister Sung Yunmo (fifth from the left) visited the Changwon plant of Hyundai Rotem, on April 19, where it showcased a concept car of hydrogen-powered tram developed under the regulatory sandbox program.   Hydrogen trams are environment-friendly because they do not generate fine dust or harmful gases, and are considered economical next-generation urban transportation means in the future hydrogen economy because while they can be used for mass transportation, t date2021-04-19

MOTIE to boost public-private cooperation for carbon neutrality

Trade, Industry and Energy Minister Sung Yunmo (left) attended the launching ceremony for a committee aimed at promoting carbon neutral goals in the industrial sectors at the Korea Chamber of Commerce and Industry in Seoul, on April 16.The Ministry will continue to work closely with the industry not only to achieve carbon neutral goals but also to strengthen industrial competitiveness and foster new industries utilizing low-carbon and digital technologies. date2021-04-16

Korea, U.S. discuss measures to expand cooperation in energy

Trade, Industry and Energy Minister Sung Yunmo (right) met his U.S. counterpart, Jennifer Granholm, virtually on April 12, and the two countries agreed to strengthen cooperation in the energy sector for the development of eco-friendly, low-carbon industries.They also said that it is important to expand bilateral communication at a private level and join efforts at R&D in the field of clean energy such as next-generation secondary batteries, hydrogen energy, carbon capture & storage, and date2021-04-13