Ministry of Trade, Industry and Energy

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

Minister Sung encourages steel industry’s commitment to go carbon neutral

Trade, Industry and Energy Minister Sung Yunmo (fourth from the right) attended the launching ceremony for the Green Steel Committee at the Seoul POSCO Center on February 2, and encouraged the steel industry’s announcement of a joint statement to go carbon neutral by 2050. Minister Sung said that the Ministry will support the private sector’s participation in the carbon neutral initiative by establishing a special act to accelerate transition to a carbon neutral industrial structure date2021-02-02

Minister Sung visits Green New Deal project sites in Yeonggwang

Trade, Industry and Energy Minister Sung Yunmo made an on-site visit to the solar plant and the wind power testbed in Yeonggwang, Jeollanam-do, on January 27, to examine the conditions for renewable energy expansion for the 2050 carbon neutral goal and Korea’s Green New Deal initiative.   The Yeonggwang solar power plant, completed in June 2020, is the largest plant of solar generation in Korea with a 100MW scale. The Yeonggwang wind power test bed is being operated to provide the l date2021-01-28

Minister Sung encourages Ulsan Free Economic Zone Authority’s hydrogen initiative

Trade, Industry and Energy Minister Sung Yunmo (center) attended the launching ceremony for the Ulsan Free Economic Zone Authority at Ulsan Metropolitan City Hall on January 14, and delivered a congratulatory speech to encourage the Authority’s vision to establish a hydrogen industry hub for innovative growth.   Minister Sung mentioned that the UFEZ Authority has an important role in regional development and creation of jobs by fostering the new future hydrogen industry through the date2021-01-14

Minister Sung visits Korean solar module manufacturer in Gimje

Trade, Industry and Energy Minister Sung Yunmo made an on-site visit to the plant of Shinsung E&G, a local solar module manufacturer, in Gimje, Jeollabukdo, on January 12, to encourage new investments for carbon neutral projects despite COVID-19 struggles.Minister Sung pointed out that the government will continue with efforts to establish a strong domestic renewable energy industry ecosystem in order to achieve a carbon neutral economy. date2021-01-12

Government to allow renewable energy purchase as part of RE100 initiative

The Ministry of Trade, Industry and Energy announced on January 5th that it will allow domestic electricity consumers to purchase electricity from renewable sources as part of the RE100 initiative, a global campaign for transition to 100% renewable energy. Both industrial and general consumers of electricity can participate in the K-RE100 system through registration at the state-run Korea Energy Agency. Electricity from renewable sources will be procured through the green premium system, the th date2021-01-06

Government announces plans to promote renewable energy

The Ministry of Trade, Industry and Energy announced the 5th Basic Plan on Renewable Energy on December 29, to accelerate Korea’s transition to a low-carbon economy and society based on renewable energy innovations in supply, market, demand, industry, and infrastructure. date2020-12-30