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Energy
Vice Minister Speaks at Nuclear Industry Summit
Vice Minister Speaks at Nuclear Industry Summit Vice Minister for Industry and Technology Yoon Sang-Jick speaks at the 2012 Seoul Nuclear Industry Summit on March 23 in Seoul. The Summit promoted the nuclear power industry and strengthened Korea’s position in the global market. date2012-04-09
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Energy
Korea, Vietnam Discuss Energy
Korea, Vietnam Discuss Energy 2012/04/09 Minister of Knowledge Economy Sukwoo HONG sits with his Vietnamese counterpart, Minister of Industry and Trade Vu Huy Hoang, on March 26 in Seoul. The two officials discussed ways to strengthen bilateral cooperation on energy and resources. date2012-04-09
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Energy
Korea Hosts Green Energy Expo
Vice Minister for Trade and Energy Cho Seok stands with other leaders to mark the opening of the International Green Energy Expo and Conference in Daegu on March 28. The fair drew more than 100 government officials and CEOs from related industries. date2012-04-09
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Energy
Vice Minister Meets With Qatari Energy Minister
date2012-03-15
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Energy
Korea, Australia Hold Talks on Energy Cooperation
Korea and Australia shared information on energy policy and strengthened bilateral ties on energy and mineral resources last week. Oil, LNG and uranium were among the major discussion topics at the 26th annual meeting of the Joint Committee on Energy and Mineral Resources Consultations and Cooperation on February 22 in Seoul. Ms. Tania Constable, the head of the Resources Division within Australia’s Department of Resources, Energy and Tourism, led a 33-member Australian delegation that represented 19 institutions. Korea expressed its intention to import more Australian LNG and step up its efforts to help Australia develop its offshore oil fields. To promote the development of the clean and renewable energy sectors, the two countries also pledged to carry out joint research and personnel exchanges. As a country with abundant natural resources and a stable investment environment, Australia is one of Korea’s most important investment partners. Australia supplied 41.7 percent of the mineral resources Korea imported in 2010. As of June 2011 Korea had invested $2.84 billion in mineral resources in Australia, and Australia accounted for 30.4 percent of Korea’s investments in overseas mineral resources. * Released by the Southeast Asia and Oceania Division date2012-02-27
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Energy
Korea, UAE Discuss Nuclear Energy
date2012-01-20
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Energy
Korea Opens First Discount Gas Station
date2012-01-04
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Energy
Smart Grid Week Opens Up New World
The second Korea Smart Grid Week ran from November 16 to 18 in Seoul. World-renowned experts such as International Electrotechnical Commission Smart Grid Strategic Group Chairman Richard Schomberg and U.S. National Coordinator for Smart Grid Interoperability George W. Arnold helped make the International Smart Grid Conference a success. Meanwhile, World Smart Grid Expo 2011 drew representatives from more than 80 companies and institutions from Korea and abroad. At the conference, experts discussed ways to standardize smart grids and reviewed the progress of Korea’s smart grid technology following successes at the Jeju smart grid test bed. Other presentations detailed foreign test-bed projects and new regulations concerning smart grids. Eminent guest speakers such as Ali Izadi, an energy and smart technology analyst at Bloomberg New Energy Finance, made the information accessible to the general public. The exhibition showcased smart home appliances, eco-friendly electric vehicles, and equipment for the advanced metering infrastructure that is under development. Korea also seized the occasion to announce its international smart grid policy direction for the next five years and the steps it will take to implement its vision. Korea aims to establish specialized smart grid bases by 2016 and to explore opportunities in such new business areas as energy management services, energy storage services, electric vehicle charging services, virtual power plants and demand response. * Released by the Smart Grid and Electricity Market Division date2011-11-25
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Energy
Korea Announces R&D Plan to Nurture the Green Industry
Korea Announces R&D Plan to Nurture the Green Industry As part of its efforts to become one of the world’s top five green energy powerhouses by 2020, Korea intends to double its budget for energy R&D between now and then. Under a plan announced last week, Korea will strengthen its core technology in the area of green energy and secure 10 percent of the global market. Technology development and R&D carried out under the plan will effect a 12 percent increase in energy ef date2011-11-23
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Energy
Korea Opens Global Research Center For New and Renewable Energy
Vice Minister for Trade and Energy Kim Junggwan cuts the ribbon at a ceremony to mark the opening of the Jeju Global Research Center on November 14. The new center will focus on new and renewable energy convergence technology. date2011-11-16