Ministry of Trade Industry and Resources

Vice Minister Kang holds press briefing on CFE Initiative

Trade, Industry and Energy Vice Minister Kang Kyungsung held a press briefing on the Carbon-Free Energy (CFE) Initiative and future plans on January 29 at the Government Complex Sejong and led the following Q&A session. date2024-01-30

CF Alliance to push the use of all carbon-free energy sources for carbon neutrality

The Ministry of Trade, Industry and Energy (MOTIE) announced on January 29 that Dr. Hoesung Lee, former Chair of the Intergovernmental Panel on Climate Change (IPCC) and incumbent Carbon Free (CF) Alliance Chairman, led a press briefing and conference to introduce the outcomes gained from over the last three months since the launch of the CF Alliance in October last year, which include a score of bilateral and multilateral exchanges, as well as support towards the Carbon-Free Energy (CFE) Initia date2024-01-29

MOTIE and KPX lay out blueprint for Korea's electricity market

The Ministry of Trade, Industry and Energy (MOTIE) hosted a briefing session focusing on measures to improve Korea’s electricity market in 2024 on January 26 at COEX in Seoul, organized by Korea Power Exchange (KPX). The briefing was attended by approximately 150 persons from electric power industries, the academia and related institutions. The briefing aimed at covering the latest market trends, forecasting future changes, introducing improvement directions and other issues for the elect date2024-01-29

Deputy Trade Minister and U.S.' Solid Power COO discuss next-gen battery cooperation

Deputy Minister for Trade Yang Byeong-nae met with Derek Johnson, the Chief Operating Officer (COO) of Solid Power, on January 18 at the Ministry of Trade, Industry and Energy (MOTIE) to discuss measures for cooperation in next-generation battery areas. Solid Power is a U.S.-based firm known for its leading all-solid-state battery technology that has recently entered memorandums of understanding (MOUs) with a number of Korea’s private companies and public institutions like SK On date2024-01-18

Korea and Netherlands to deepen nuclear cooperation on occasion of state visit

The Ministry of Trade, Industry and Energy (MOTIE) announced on December 13 that it entered a memorandum of understanding (MOU) with the Netherlands’ Ministry of Economic Affairs and Climate Policy for nuclear reactor cooperation on the occasion of President Yoon Suk Yeol’s state visit. Korea Hydro & Nuclear Power (KHNP) also sealed a technical feasibility study agreement for construction of a new nuclear reactor with the Economic Affairs and Climate Policy Ministry. The Netherl date2023-12-14

MOTIE holds holds committee meeting & forum on nuclear decommissioning

Trade, Industry and Energy Ministry's Deputy Minister for Energy Policy Lee Ho-hyeon attended the meeting of the Committee for Strengthening Global Competitiveness in Nuclear Decommissioning 2023 on December 8 at the Westin Josun Seoul with approximately 18 industrial, academia and research experts, including the Ministry of Science and ICT, Korea Hydro and Nuclear Power (KHNP) and Doosan Enerbility to discuss the role of the Korea Research Institute of Decommissioning. In the following Nuclear date2023-12-11

Korea to build global competitiveness in nuclear decommissioning starting with Kori-1 in 2024

Trade, Industry and Energy Ministry's Deputy Minister for Energy Policy Lee Ho-hyeon attended the meeting of the Committee for Strengthening Global Competitiveness in Nuclear Decommissioning on December 8 at the Westin Josun Seoul to discuss measures for bolstering Korean companies’ global competitiveness in the area of nuclear decommissioning. Approximately 18 industrial, academia and research experts attended the committee meeting and focused on the role of the Korea Research Institute date2023-12-08

Korea holds roundtable for spreading CFE initiatives on sidelines of COP28

The Ministry of Trade, Industry and Energy (MOTIE) announced that it hosted a roundtable, organized by the Carbon Free (CF) Alliance, on December 5 in the United Arab Emirates (UAE) on the sidelines of the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP28) for promoting the global diffusion of the carbon-free energy initiatives led by the CF Alliance. The roundtable was held to promote Korea’s carbon-free energy (CFE) initiatives to the i date2023-12-06

Vice Minister attends NetZero Nuclear Initiative support declaration ceremony

Trade, Industry and Energy Vice Minister Kang Kyungsung attended the ceremony for declaring support for the NetZero Nuclear Initiative on December 2 in Dubai, UAE, along with other countries' representatives, including those from the U.S., France, the UK, UAE, Sweden, Poland, Czech Republic and Romania, and gave a message expressing support for the NetZero Nuclear Initiative. date2023-12-05

Korea among 22 nations to declare support for the NetZero Nuclear Initiative

The Ministry of Trade, Industry and Energy (MOTIE) announced on December 3 that 22 countries around the world, including Korea, the U.S., France, the UK and Sweden, have adopted the declaration on supporting the NetZero Nuclear Initiative. The NetZero Nuclear Initiative is a global climate agenda established for resolving climate crises by recognizing nuclear energy as clean energy, drawing international commitment on expanding the global nuclear power capacity three-fold by 2050, and spurring date2023-12-04