Ministry of Trade, Industry and Energy

Minister Sung attends 2nd Hydrogen Economy Meeting

Trade, Industry and Energy Minister Sung Yun-mo (second from the right) attended the 2nd Meeting of Hydrogen Economy Committee chaired by the Prime Minister Chung Sye-kyun at the Seoul government complex, on October 15.   The government plans to make hydrogen fueling mandatory, achieve 8GW in fuel cell volume by 2040, and expand the next year’s hydrogen investment to 800 billion won (USD 700 million). date2020-10-15

MOTIE to support 4,000 energy companies by 2025 in Korea’s Green New Deal drive

Trade, Industry and Energy Minister Sung Yun-mo (second from the right) held a conference with representatives from the renewable energy sector and state-run energy companies, on September 22, and announced the Ministry’s plans to discover and encourage energy innovation companies by expanding R&D assistance, boosting private investment, and building foundation for the overall support system.   Under the new strategy, the government will focus its support on the following six pr date2020-09-22

Minister Sung discusses renewable energy sector’s institutional innovation at Green New Deal conference

Trade, Industry and Energy Minister Sung Yun-mo held the Green New Deal policy conference virtually at the Government Complex in Sejong, on September 2, with representatives from major energy companies to discuss the institutional innovation for the renewable energy sector.The Ministry will provide support measures for the Green New Deal, which aims to increase the solar and wind capacities three times by 2025, to expand the use of renewable sources and strengthen the industrial competitiveness date2020-09-02

Korea expresses willingness to join Czech nuclear project

Trade, Industry and Energy Minister Sung Yun-mo had two-day virtual meetings with his Czech counterpart Karel Havlíček and Jaroslav Mil, special envoy for nuclear energy, on August 19 and 20, to celebrate the 30th anniversary of the establishment of diplomatic relations between the two countries and discuss broader cooperation in various fields including industry, technology, and energy. In particular, as the Czech Republic recently announced the government's plan to build a new nuc date2020-08-21

Korea announces “New Deal” investment plans in green projects

Trade, Industry and Energy Minister Sung Yun-mo had a briefing at the Government Complex in Sejong, on July 16, and outlined the government's plans to fund green projects as part of its 'New Deal' initiative. date2020-07-16

Korea launches hydrogen economy drive to foster hydrogen-related businesses

Trade, Industry and Energy Minister Sung Yun-mo attended the 1st Hydrogen Economy Committee at KINTEX in Ilsan, Gyeonggi Province, on July 1, in the government’s efforts to boost the hydrogen industry and expand Korea’s leadership in the global hydrogen economy.   The government plans to foster 1,000 hydrogen-related firms by 2040, expand the supply of hydrogen fuel cell vehicles to 850,000 units and install 660 charging stations by 2030, and build two additional hydrogen citi date2020-07-01

MOTIE signs MOU to test-run hydrogen powered trucks and taxis

Trade, Industry and Energy Minister Sung Yun-mo attended a signing ceremony for the memorandum of understanding (MOU) aimed for test-running hydrogen-powered trucks and taxis in Cheonan, Chungnam Province, on May 14, in the Ministry’s efforts to expand the use of hydrogen vehicles, which had previously been concentrated on passenger cars, into commercial vehicles and public transportations.   Minister Sung called for active participation and cooperation of carmakers and hydrogen-rel date2020-05-14

Minister Sung visits Power to Gas solution provider

Trade, Industry and Energy Minister Sung Yun-mo (second from the right) visited G-philos, a local Power to Gas (P2G) technology provider in Yongin, Gyeonggi Province, on January 13, to encourage the firm’s contribution for making technological progress in the country’s transition to a hydrogen economy.   Korea has stepped up the transition to a global hydrogen powerhouse since it announced the Roadmap for Hydrogen Economy on January 17, 2019. Under the policy vision, the natio date2020-01-13

Minister Sung discusses policy directions for Renewable Energy 3020 initiative

Trade, Industry and Energy Minister Sung Yun-mo (fifth from the right) discussed next year’s policy directions for the Ministry's “Renewable Energy 3020” initiative at the 2nd Renewable Energy Policy Meeting held in Seoul on December 20 with government officials and representatives from energy industries. date2019-12-20

Vice Minister Cheong meets with Poland’s Plenipotentiary for Strategic Energy Infrastructure

Trade, Industry and Energy Vice Minister Cheong Seung-il (right) and Poland’s Plenipotentiary for Strategic Energy Infrastructure Piortr Naimski discussed ways to further strengthen bilateral cooperation on nuclear energy projects in Warsaw on Dec 4. date2019-12-05