Ministry of Trade, Industry and Energy

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

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