Ministry of Trade, Industry and Energy

MOTIE attends hydrogen turbine power demonstration ceremony

The Ministry of Trade, Industry and Energy (MOTIE) announced on June 21 that a Korean company has developed a technology that blends up to 50 percent hydrogen in medium-sized gas turbines. Hanwha Impact held a ceremony to celebrate the demonstration of hydrogen turbine power generation at the Hanwha Impact Daesan plant located in Seosan, Chungnam on June 21. Hanwha Impact, in cooperation with Korea Western Power, developed a technology that blends and burns up to 50 percent hydrogen in a medium date2023-06-23

Carbon Neutrality & Green Growth Commission announces Climate Tech Industry Strategy

The Ministry of Trade, Industry and Energy (MOTIE) announced on June 22 that the Presidential Commission on Carbon Neutrality and Green Growth introduced the Climate Technology Industry Development Strategy at the fourth plenary meeting of 2023 at the Government Complex Seoul, chaired by Prime Minister Han Duck-soo. The above strategy was established for generating successful growth models for climate technology companies and for export industrialization. Commission members deliberated and vot date2023-06-23

Minister Lee inspects power companies for stable summer power supply

Trade, Industry, and Energy Minister Lee Chang-yang visited the Korea Power Exchange (KPE) Gyeongin Branch located in Uiwang, Gyeonggi-do on June 15 to inspect the preparation status for the summer power supply by the Korea Electric Power Corporation, Korea Power Exchange, and other power generation companies. The on-site inspection took place to check each organization’s progress on the “Summer Season Power Supply Outlook and Measures” decided at the Ministerial Conference on date2023-06-22

MOTIE launches World Expo 2030 Busan campaign in Paris

The Ministry of Trade, Industry and Energy (MOTIE) announced on June 21 that a number of promotion campaigns had been launched in France from June 20-21 to attract interest and support for World Expo 2030 Busan on the occasion of the 172nd general assembly of the Bureau International des Expositions (BIE) and official reception organized for World Expo 2030 Busan. First, an 850m-long eco-friendly pathway connecting the general assembly hall and reception hall was named “Busan Road”, date2023-06-22

MOTIE launches Project CE (Circular Economy) 9

The Ministry of Trade, Industry and Energy (MOTIE) announced the 'Strategy for Industrial New Growth through Invigoration of Circular Economy' during the emergency ministerial meeting on economic affairs held on June 21, presided by Korea’s Deputy Prime Minister Choo Kyung-ho. MOTIE is pushing for the swift spread of circular economy across all industries to support companies’ shift towards carbon neutrality and efforts to develop new sources of competitiveness, as well as to secure date2023-06-21

Korea and Japan to bolster policy cooperation in hydrogen

Trade, Industry and Energy Ministry’s Director-General for Hydrogen Economy Policy Bureau Lee Ok-heon met with Hiro Inoue, Japan’s Economy, Trade and Industry Ministry (METI)’s Director-General of the Energy Conservation and Renewable Energy Department, to discuss measures for policy cooperation in hydrogen safety and related industries. The director-generals agreed on the need for hydrogen energy in the shared goal of achieving carbon neutrality, and exchanged views on Korea& date2023-06-21

MOTIE and KOTRA hold investment promotion event in Tokyo

The Ministry of Trade, Industry and Energy (MOTIE) and the Korea Trade-Investment Promotion Agency (KOTRA) held an event in Tokyo on June 15 to promote Korea’s investment environment as well as opportunities for Korea-Japan joint business collaborations to the Japanese MPE (materials, parts, equipment) firms in advanced industries like semiconductors, secondary batteries and displays. The promotion event consisted of an investor roundtable and investment briefing, and personnel from appro date2023-06-21

Korea and Ecuador agree to expand cooperation and investment

Minister for Trade Dukgeun Ahn met with Ecuador's Production, Foreign Trade, Investments and Fisheries Minister Julio José Prado on June 15 in Seoul and had extensive discussions on various measures to strengthen economic cooperation between the two countries, including the progress of negotiations on the Korea-Ecuador Strategic Economic Cooperation Agreement (SECA), trade and investment, and supply chain collaboration. Since the two countries resumed negotiations for the Korea-Ecuador S date2023-06-20