Ministry of Trade, Industry and Energy

Minister Paik speaks at World Gas Conference

Minister of Trade, Industry and Energy Paik Ungyu attended the World Gas Conference (WGC) and spoke during the closing session, in Washington D.C. on June 29.    In his key note speech at the conference, Minister Paik spoke about Korea's energy transition policies and predicted a growing dominance of gas in the future energy scene, along with renewable energy. The minister delivered his key note speech as the representative of Korea, the host country for the WGC in 2021, and as the e date2018-06-30

Minister Paik underlines strategic industries at offshore wind power forum

Minister of Trade, Industry and Energy Paik Ungyu emphasized the importance of developing strategic industries during a speech to representatives from the energy industry at a forum on the industrialization of offshore wind power in Seoul on June 26.Mentioning the energy transition announced last year by the Moon administration, Minister Paik said that this forum would work as an opportunity to find measures to boost the wind power industry and to foster strategic industries for a successful ene date2018-06-26

Korea, China hold inaugural energy dialogue

Director General for Energy Industry Policy Park Sung-taek from the Ministry of Trade, Industry and Energy (fourth from right) led the first Korea-China Energy Cooperation Dialogue, in Seoul on May 29.    The meeting was attended by Korean and Chinese government officials and representatives from energy industries, including gas, utilities, new and renewable energy, and smart energy.   During the meeting, participants finalized details for an MOU covering LNG cooperation and r date2018-05-29

Minister Paik discusses energy cooperation with Japanese tech leader

Trade, Industry and Energy Minister Paik Ungyu (third from left) discussed with SoftBank Group CEO Masayoshi Son (second from right) to seek energy cooperation during his visit to Tokyo, Japan, on May 8.During the meeting, Minister Paik and CEO Son exchanged views on various topics, including cooperation on renewable energies, construction of a Northeast Asia supergrid, and response to the Fourth Industrial Revolution (4IR).Minister Paik agreed with CEO Son about a significant decrease in the re date2018-05-08

Vice Minister Lee speaks at 16th International Energy Forum in New Delhi

Trade, Industry and Energy Vice Minister Lee Inho (center) explained Korea’s cases of energy innovation at the 16th International Energy Forum held in New Delhi, India from April 10 to 12 (India time).During a presentation on the last day of the three-day forum, Vice Minister Lee highlighted the importance of technology innovation for improving energy efficiency and sustainability, gave examples of Korea’s original energy technologies, and introduced Korea’s energy transformati date2018-04-12

Minister Paik visits Barakah nuclear power plant construction site in UAE

Trade, Industry and Energy Minister Paik Ungyu (center, in yellow vest) visited the construction site of the Barakah Nuclear Energy Plant in the United Arab Emirates (U.A.E.) on February 24 (U.A.E. local time).During the visit, Minister Paik met with Emirates Nuclear Energy Corporation (ENEC) CEO Mohamed Al Hammadi to check the construction progress of the nuclear power plant.Minister Paik also attended a luncheon to encourage workers of the Korea Electric Power Corporation (KEPCO) and the Korea date2018-02-26

Minister Paik meets with energy industry leaders

Trade, Industry and Energy Minister Paik Ungyu (seventh from right) posed for a photo with representatives of the energy sector during the New Year’s gathering with the industry at a hotel in downtown Seoul on January 23. The New Year’s gathering was arranged to encourage the energy industry and promote its further development.   In his New Year’s address to the gathering, Minister Paik asked the energy industry to expand investment to help create new markets in response date2018-01-24

Ministry announces 8th Basic Plan for Electricity Supply and Demand

The Ministry of Trade, Industry and Energy announced on December 14 a draft of the 8th Basic Plan for Long-term Electricity Supply and Demand.    Under the new biennial plan, which reflects environmental and safety factors in addition to stable power supply and economic efficiency, Korea will produce more power from renewable energy sources and natural gas, while gradually reducing its reliance on coal and nuclear power.    The Basic Plan for Long-term Electricity Supply date2017-12-14

Minister Paik discusses energy ties with UK’s Energy Secretary

Trade, Industry and Energy Minister Paik Ungyu (right) posed for a photo with Secretary of State for Business, Energy and Industrial Strategy (BEIS) Greg Clark during his visit to London, United Kingdom, on November 27.  During their meeting, Minister Paik and his counterpart Secretary Clark discussed ways of expanding cooperation in the nuclear power sector, ranging from construction and decommissioning of nuclear power plants, and promoting technological cooperation as part of efforts to date2017-11-27

Minister Paik meets with IEA Executive Director

Trade, Industry and Energy Minister Paik (right) posed for a photo with International Energy Agency (IEA) Executive Director Fatih Birol during their meeting at the Korea Technology Center in Seoul on October 17.  At the meeting, Minister Paik and Executive Director Birol exchanged their views on the global energy markets and changing market environment as well as the Korean government’s new energy policy directions.  The IEA head visited Korea to attend the World Knowledge For date2017-10-17