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Energy
Korea to roll out clean hydrogen certification system
The Ministry of Trade, Industry and Energy (MOTIE) announced on November 14 that the proposal for an amendment to the Hydrogen Economy Promotion and Hydrogen Safety Management Act (“Hydrogen Act”) has passed the 47th Cabinet meeting’s deliberation and resolution process. The Korean government has thus far been making efforts to establish a clean hydrogen certification system in view of relevant trends in other major countries and domestic conditions. The Cabinet approval of th date2023-11-15
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Industry
Korea enhances standards partnership with ASEAN for effective Korea-ASEAN Solidarity Initiative execution
With aim to successfully execute the “Korea-ASEAN Solidarity Initiative” from last year's Korea-ASEAN Summit, Korea will be strengthening its standards collaboration with ASEAN, its second-largest trade partner and the world's fifth-largest economic entity. The Korean Agency for Technology and Standards (KATS), under the Ministry of Trade, Industry and Energy (MOTIE), hosted a joint research workshop for improving standards cooperation between Korea and ASEAN on November 13. This ev date2023-11-14
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Energy
Battery Alliance submits bill proposing integrated management system for used batteries
The Ministry of Trade, Industry and Energy (MOTIE) announced on November 14 that the Battery Alliance has submitted a draft proposal on an integrated management system for the used battery industry and its supporting legislative bill. The Battery Alliance is composed of 24 members, including Hyundai Motor, three battery producers, companies in the reuse, remanufacturing and recycling industry, insurance firms and car disposal companies. First, the proposal redefines used batteries not as &ldqu date2023-11-14
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Energy
Korea and U.S. hold Clean Energy Conference
Trade, Industry and Energy Minister Bang Moon Kyu attended the ROK-U.S. Clean Energy Conference on November 13 at the Four Seasons Hotel Seoul, held to better fulfill the achievement of carbon neutrality and to elevate the alliance to a carbon-free energy alliance for responding to climate change. In his opening message, Minister Bang stated that “we must widely utilize various carbon-free energy (CFE) sources such as nuclear power, renewables, and hydrogen,” date2023-11-14
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Trade/Investment
Trade ministers of Korea and Czech Republic discuss cooperation
Minister for Trade Dukgeun Ahn met with the Czech Minister of Industry and Trade Jozef Síkela on November 10 in the Czech Republic to discuss measures to bolster cooperation in trade, investment, EU’s economic legislations and clean energy. date2023-11-13
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Trade/Investment
Trade Minister meets with Czech Republic’s Foreign Affairs Deputy Minister
Minister for Trade Dukgeun Ahn met with the Czech Republic’s Deputy Minister of Foreign Affairs Jiří Kozákib on November 10 in the Czech Republic to discuss measures to expand cooperation in trade, investment, clean energy and the EU’s economic legislative matters. date2023-11-13
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Industry
Minister Bang visits Korea Sale Festa 2023
Trade, Industry and Energy Minister Bang Moon Kyu visited the Lotte Department Store in Jamsil on November 12, the first weekend of Korea Sale Festa 2023, to tour the retail stores where various discount promotion events are held and participated in a live show on autumn and winter fashion styling tips. He also asked the retail industry to make efforts for price stabilization and encouraged consumer spending. date2023-11-13
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Industry
Vice Minister attends Korea Sale Festa 2023 opening ceremony
Trade, Industry and Energy Vice Minister Youngjin Jang attended the opening ceremony for Korea Sale Festa 2023 on November 10 in front of Myeongdong Theater and gave a congratulatory message and visited retail stores. In his congratulatory message, the vice minister said that he looked forward to seeing the Festa providing the public with the opportunity to make thrifty purchases on food and household goods through a variety of discounts and promotions over the next 20 days amid the hig date2023-11-13
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Energy
Commemorating 70 Years of the ROK-U.S. Alliance ; Looking Ahead to a Carbon-Free Energy Alliance
Commemorating 70 Years of the ROK-U.S. Alliance ; Looking Ahead to a Carbon-Free Energy Alliance -Ministry of Trade, Industry, and Energy holds the “ROK-U.S. Clean Energy Conference” to emphasize cooperation in the deployment of carbon free energy- -Discussions on carbon management, battery recycling and innovative energy technologies such as hydrogen and CCUS will ensue- The Ministry of Trade, Industry, and Energy led by Minister Bang Moon Kyu organized the “Korea-U.S. Cl date2023-11-13
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Industry
Korea's major retailers come together to launch Korea Sale Festa 2023
The Ministry of Trade, Industry and Energy (MOTIE) announced on November 10 the launching of the “Korea Sale Festa 2023 (“Festa”) to be held through November 11-30, where Korea’s major retailers and manufacturers come together with the Government to boost the domestic economy by aiming for a rebound of the currently weak consumer confidence amid inflation and other difficult conditions. The Festa Committee and MOTIE have selected former national volleyball team member an date2023-11-13