Ministry of Trade, Industry and Energy

Minister Sung meets with COP26 president

Trade, Industry and Energy Minister Sung Yunmo (left) met with Alok Sharma, president of the Conference of the Parties (COP26) to the United Nations Framework Convention on Climate Change in Seoul, on April 6, and discussed measures against climate change.   Minister Sung pointed out local industries’ efforts in setting targets for carbon neutrality and the government’s plans to develop renewable energy sources.   He added, the COP26 meeting will be an opportunity to es date2021-04-07

Minister Sung attends launching ceremony for Energy Alliance

Trade, Industry and Energy Minister Sung Yunmo (center) attended a launching ceremony for the Energy Alliance in Seoul, on April 6, to encourage local energy companies’ efforts to cooperate in carbon initiative.Minister Sung emphasized the need for preemptive technological innovation across all energy sectors, and stressed the role of the Energy Alliance in providing a communication channel with the government for effective and market friendly policies to reduce carbon emissions and innova date2021-04-06

Minister Sung encourages ‘white bio’ project

Trade, Industry and Energy Minister Sung Yunmo (center) attended the launching ceremony for a committee which will open communication between bio and petrochemical firms to boost the ‘white bio’ industry, on April 2.The committee is expected to play an important role toward the country’s 2050 carbon neutral target by helping to reduce waste plastics and greenhouse gas emissions. date2021-04-02

Minister Sung encourages automobile industry’s carbon neutral goals

Trade, Industry and Energy Minister Sung Yunmo attended the launching ceremony for a committee on carbon neutrality by automobile firms on March 31, to encourage the industry’s efforts to reduce carbon emissions. Minister Sung said the Ministry will come up with policies to support the transformation in the transport sector to future cars. date2021-03-31

MOTIE announces distributed energy policy to back up carbon neutral goal

Trade, Industry and Energy Minister Sung Yunmo announced the plan to boost distributed energy generation for the goal of achieving carbon neutrality by 2050 at Jeju New & Renewable Energy Exhibit Hall on March 3. Distributed energy systems led by local communities will help meet regional power demand and allow efficient use of distributed energy resources. date2021-03-03

Minister Sung attends 3rd Meeting of Hydrogen Economy Committee

Trade, Industry and Energy Minister Sung Yun-mo (left) attended the 3rd Meeting of Hydrogen Economy Committee chaired by Prime Minister Chung Sye-kyun on March 2.At the Meeting, SK, Hyundai Motor, POSCO, Hanwha, and Hyosung announced their plans to invest 43 trillion won (USD 38.3 billion) in the hydrogen industry. date2021-03-02

Minister Sung holds Energy Committee meeting to discuss energy policy

Trade, Industry and Energy Minister Sung Yunmo held the 22nd Energy Committee meeting with government officials and civilian experts on February 22, and discussed the direction of the 2021 energy policy. This year, the government plans to lay the foundation for the realization of the 2050 carbon neutrality goal, and implement policies to expand renewable energy use and establish a hydrogen industrial ecosystem.Issues such as measures to establish innovation strategies for carbon neutrality and d date2021-02-22

Minister Sung visits site of green car innovation

Trade, Industry and Energy Minister Sung Yunmo (third from the left) visited the Hyundai Kia Namyang Technology Research Center in Hwaseong, Gyeonggi Province, on February 18, to encourage leading innovators in the green car industry after discussing with government and industry representatives the fourth basic plan for eco-friendly vehicles.   MOTIE signed a memorandum of understanding (MOU) with Hyundai Motor Company, Hyundai Glovis, LG Energy Solution, and KST Mobility to cooperate on date2021-02-18

Vice Minister Park encourages petrochemical industry’s commitment to go carbon neutral

Trade, Industry and Energy Vice Minister Park Jin-kyu (second from the left) made a visit to the research site for thermal degradation of waste plastics at SK Institute of Technology Innovation in Daejeon, on February 9, and attended the launching ceremony for the petrochemical industry’s committee on the zero-carbon goal.   Vice Minister Park said that the government will actively support the petrochemical industry’s carbon neutral drive with large-scale R&D projects sinc date2021-02-10

Minister Sung visits hydrogen fuel cell power plant in Seosan

Trade, Industry and Energy Minister Sung Yunmo (fourth from the right) made an on-site visit to Daesan Green Energy, a local byproduct hydrogen fuel cell power plant located in Seosan, Chungnam, on February 8, to encourage the leading players working for Korea’s carbon neutral goal.   Korea’s supply of hydrogen fuel cell power amounted to 605MW by the end of 2020, and the country has become the largest fuel cell power generation market, accounting for 43 percent of the total g date2021-02-08