Ministry of Trade, Industry and Energy

Korea Discusses Enhanced Industrial and Energy Cooperation with Saskatchewan, Canada

  Korea’s Deputy Minister for Trade Park Jong-won met with Saskatchewan’s Minister of Trade and Export Development Warren Kaeding in Seoul on Monday, September 8, to discuss ways to strengthen bilateral cooperation in industries, critical minerals, and energy. The Canadian province of Saskatchewan is rich in natural resources, including uranium, natural gas, oil, and critical minerals. The region ranks first globally in both potash reserves and production, third in uranium reserves, and second in uranium production. It is also pursuing the introduction of small modular reactors (SMRs) to decarbonize up to 80 percent of its electricity supply by 2030. The two sides noted that since the Korea-Canada Free Trade Agreement entered into force in 2015, bilateral economic and trade relations have grown significantly, with trade nearly doubling over the past decade (from USD 8.6 billion to 17.2 billion). They agreed on the importance of expanding cooperation amid growing uncertainty in the global trade environment, driven by rising protectionism worldwide. Regarding enhanced energy cooperation between Korea and Saskatchewan, Deputy Minister Park stated, “This creates mutual benefits from an energy security perspective, enabling Korea to secure stable energy sources and Canada to diversify its energy exports.” He also expressed hopes for the provincial government’s continued support for bilateral cooperation in future-oriented strategic industries and eco-friendly energy sectors, such as batteries, SMRs, hydrogen, and critical minerals, in light of active Korean investment in Canada.   date2025-09-08

Vice Minister Attends Power Transformation Session of CEM16/MI-10

Korea’s Vice Minister of Trade, Industry and Energy Lee Ho-hyeon attended a high-level dialogue session of the 16th Clean Energy Ministerial Meeting (CEM16) and the 10th Mission Innovation Ministerial Meeting (MI-10) on Tuesday, August 26, 2025, at BEXCO in Busan, Korea. The session’s theme was “Power Transformation.” After delivering a keynote address, the vice minister discussed ways to expand carbon-free power generation facilities and electricity infrastructure to meet rising energy demand, while exploring strategies for power system innovation to accelerate the clean energy transition. The session brought together officials from member countries including the UK, China, Australia, and the Netherlands, as well as experts from domestic and international organizations and business leaders. date2025-09-08

Vice Minister Meets the Netherlands’ Vice Minister of Climate Policy and Green Growth

Korea’s Vice Minister of Trade, Industry and Energy Lee Ho-hyeon met with the Netherlands’ Vice Minister of Climate Policy and Green Growth Michel Heijdra on Tuesday, August 26, 2025, at BEXCO in Busan, Korea. The two sides discussed bilateral energy cooperation during the 16th Clean Energy Ministerial Meeting and the 10th Mission Innovation Ministerial Meeting held at the same venue. date2025-09-08

Vice Minister Meets European Commission’s Director-General for Energy

Korea’s Vice Minister of Trade, Industry and Energy Lee Ho-hyeon met with the European Commission’s Director-General for Energy Ditte Juul Jørgensen on Tuesday, August 26, 2025, at BEXCO in Busan, Korea. They discussed the Global Energy Transition Forum and energy policies during the 16th Clean Energy Ministerial Meeting and the 10th Mission Innovation Ministerial Meeting held at the same venue. date2025-09-08

Vice Minister Meets Saudi Arabia’s Undersecretary for Sustainability and Climate Change

Korea’s Vice Minister of Trade, Industry and Energy Lee Ho-hyeon met with Saudi Arabia’s Undersecretary for Sustainability and Climate Change at the Ministry of Energy Khalid Almehaid on Tuesday, August 26, 2025, at BEXCO in Busan, Korea. The two sides discussed bilateral energy cooperation during the 16th Clean Energy Ministerial Meeting and the 10th Mission Innovation Ministerial Meeting held at the same venue. date2025-09-08

Vice Minister Attends Plenary Session of MI-10

Korea’s Vice Minister of Trade, Industry and Energy Lee Ho-hyeon attended the plenary session of the 10th Mission Innovation Ministerial Meeting (MI-10) on Tuesday, August 26, 2025, at BEXCO in Busan, Korea. After delivering a welcome address, the vice minister celebrated MI’s 10th anniversary and discussed key missions’ achievements and plans. Attendees included officials from member countries such as the US, the UK, China, and Japan, as well as experts from international bodies and businesses. date2025-09-08

Vice Minister Attends Plenary Session of CEM16

Korea’s Vice Minister of Trade, Industry and Energy Lee Ho-hyeon attended the plenary session of the 16th Clean Energy Ministerial Meeting (CEM16) on Tuesday, August 26, 2025, at BEXCO in Busan, Korea. The vice minister delivered a welcome address and exchanged views with participants on maximizing CEM’s influence as an action-oriented platform. Participants included officials from member countries such as the US, China, Japan, Indonesia, and Russia, as well as experts from international bodies. date2025-09-08

Vice Minister Attends Opening Ceremony of CEM16/MI-10

Korea’s Vice Minister of Trade, Industry and Energy Lee Ho-hyeon attended the opening ceremony of the 16th Clean Energy Ministerial Meeting (CEM16) and the 10th Mission Innovation Ministerial Meeting (MI-10) on Tuesday, August 26, 2025, at BEXCO in Busan, Korea, where he delivered opening remarks. The meetings brought together stakeholders from the climate and energy sectors to discuss the expansion of clean energy and seek cooperation to accelerate innovation in clean energy technologies. Attendees included officials from member countries such as the US, China, Japan, Indonesia, and the Netherlands, as well as experts from international bodies. date2025-09-08

Vice Minister Meets Germany’s Parliamentary State Secretary of Economic Affairs and Energy

Korea’s Vice Minister of Trade, Industry and Energy Lee Ho-hyeon met with Germany’s Parliamentary State Secretary to the Federal Ministry for Economic Affairs and Energy Stefan Rouenhoff on Tuesday, August 26, 2025, at BEXCO in Busan, Korea. The two sides discussed bilateral energy cooperation during the 16th Clean Energy Ministerial Meeting and the 10th Mission Innovation Ministerial Meeting held at the same venue. date2025-09-08

Vice Minister Meets China’s Vice Minister of Science and Technology

Korea’s Vice Minister of Trade, Industry and Energy Lee Ho-hyeon met with China’s Vice Minister of Science and Technology Chen Jiachang on Tuesday, August 26, 2025, at BEXCO in Busan, Korea. The two sides discussed bilateral energy cooperation during the 16th Clean Energy Ministerial Meeting and the 10th Mission Innovation Ministerial Meeting held at the same venue. date2025-09-08