Ministry of Trade Industry and Resources

Korea-Saudi Business and Investment Forum

Korea’s Deputy Minister for Trade Park Jong-won attended the Korea-Saudi Business and Investment Forum on May 9 in Seoul and gave a congratulatory address to approximately 250 participants composed of Korean and Saudi government officials and related institutions. date2025-05-12

Korea Opens 2025 Hydrogen Power Bidding Market

Korea’s Ministry of Trade, Industry and Energy (MOTIE, Minister Ahn Duk-geun) announced the opening of the 2025 hydrogen power bidding market. The hydrogen power bidding market is a system for purchasing and supplying electricity generated using hydrogen or hydrogen compounds as fuel. It consists of two categories—clean hydrogen power or general hydrogen power—depending on the fuel used. Only power facilities using fuels that meet Korea’s clean hydrogen certification standard of no more than 4 kg CO₂e per 1 kg of hydrogen are eligible to participate in the clean hydrogen power bidding market. The clean hydrogen power bidding market is designed to reduce greenhouse gas emissions by expanding power generation using carbon-free clean hydrogen. For 2025, the bidding volume is set at 3,000 GWh/year, equivalent to the annual electricity consumption of approximately 850,000 households, with a contract period of 15 years. Power generation must begin by 2029, following a three-year preparation period, with a one-year grace period in consideration of the program’s initial phase. Final bidders will be selected around November through a comprehensive evaluation of both pricing and non-pricing factors, including bid price, clean hydrogen grade, fuel supply stability, and industrial and economic contribution. Notably, the 2025 clean hydrogen power bidding market will introduce two new mechanisms long requested by the industry: an exchange rate-linked settlement system and a hydrogen volume borrowing system. Until now, settlements were made at fixed prices in Korean won, with project developers bearing the risk of won-dollar exchange rate fluctuations. Starting in 2025, however, power prices will be linked to the exchange rate at the time of settlement, helping reduce business risks stemming from currency fluctuations. In addition to the existing hydrogen volume carryover system, which allows unused hydrogen volumes to be carried over to the following year, the market will also introduce a new borrowing system, enabling operators to use part of the following year’s allocated hydrogen volume in advance. This improvement is expected to give operators greater flexibility when scheduled maintenance and similar factors make it harder to meet contracted generation volumes. The bid announcement and more detailed information will be available on the hydrogen power bidding market website of Korea Power Exchange (kchps.kmos.kr) starting at 5:00 p.m. on May 9 (KST). date2025-05-09

Korea-Czech nuclear reactor cooperation arrangement

Korea’s Minister of Trade, Industry and Energy Dukgeun Ahn and Czech Minister of Industry and Trade Lukáš Vlček signed a Korea-Czech nuclear reactor cooperation arrangement on May 7 in Prague in the presence of Czech Prime Minister Fiala and both countries’ government delegations. date2025-05-09

Minister Ahn meets Czech Prime Minister Petr Fiala

Korea’s Minister of Trade, Industry and Energy Dukgeun Ahn met Czech Prime Minister Petr Fiala on May 7 in Prague with both countries’ government delegations and discussed cooperation in industry, energy, construction, infrastructure, and science technology. date2025-05-09

Korea and Saudi Arabia Expand Cooperation in Advanced Industries

The Ministry of Trade, Industry and Energy (MOTIE, Minister Ahn Duk-geun) is hosting the Korea-Saudi Business and Investment Forum on May 9, 2025, in Seoul. The forum is anticipated to promote economic cooperation between the two countries across advanced sectors such as the digital industry, advanced manufacturing, clean energy, healthcare, and culture. The forum is part of efforts to strengthen bilateral partnership under Saudi Arabia’s Vision 2030 national strategy, and brings together 250 business leaders of both countries to explore avenues for collaboration and discuss tangible opportunities across promising new industries such as IT, advanced manufacturing, clean energy, special zone development, healthcare, and entertainment. The forum brought together 120 Korean and Saudi companies, including Saudi Telecom Company (stc), Saudi Arabian Military Industries (SAMI), and Saudi’s first EV manufacturer Ceer. From Korea, about 100 companies already working with Saudi partners or seeking new business opportunities also took part. Deputy Minister for Trade Park Jong-won attended the forum, stating in his congratulatory remarks that the Korean government will actively leverage intergovernmental cooperation channels and work toward the early entry into force of the Korea-GCC FTA to expand the scope of business cooperation between the two countries. date2025-05-09

Czech nuclear reactor project localization agreement ceremony

Korea’s Trade, Industry and Energy Minister Dukgeun Ahn attended the Czech nuclear reactor project localization agreement ceremony on May 7 in Prague with Czech Minister of Industry and Trade Lukáš Vlček and other leaders of both countries' governments and businesses. date2025-05-09

41st APEC Automotive Dialogue Opens in Jeju Island

Korea’s Ministry of Trade, Industry and Energy (MOTIE, Minister Ahn Duk-geun) announced that the 41st APEC Automotive Dialogue (AD) will be held at the International Convention Center Jeju (ICC Jeju) on May 9–10, 2025, on the sidelines of the second APEC Senior Officials’ Meeting and Related Meetings (SOM2). The APEC AD is a public-private forum where government officials and industry representatives from member economies share major policy issues and industrial trends and discuss cooperation in the automotive industry. Launched in 1999, it serves as APEC’s main platform for dialogue on diverse automotive issues, including electric mobility, autonomous driving, and trade. As chair of APEC 2025, MOTIE is co-chairing the 2025 meeting with the Korea Automobile Manufacturers Association (KAMA). Officials and industry representatives from 16 member economies, including Chile, China, Japan, and the United States, will take part. Key agenda includes the automobile industry and market trends, EV transition, autonomous driving, AI technology, and future mobility. During the event, Korea will present on core issues in the shift to future mobility, including EV architecture innovation, battery recycling, hydrogen mobility and fuel cell technology, and purpose-built vehicles (PBVs). The discussions are expected to strengthen cooperation among member countries and facilitate exchanges on industrial technologies and policy trends. date2025-05-09

MOTIE Holds APEC Sustainable Supply Chain Forum

Korea’s Ministry of Trade, Industry and Energy (MOTIE, Minister Ahn Duk-geun) is hosting the APEC Sustainable Supply Chain Forum at the International Convention Center Jeju (ICC Jeju) on May 9, 2025, with the participation of the APEC Committee on Trade and Investment (CTI) and experts from governments, industries, and research institutions across APEC member economies. The forum will examine ways to strengthen the sustainability and resilience of global supply chains by sharing public-private cooperation measures. The forum features three presentation sessions and a panel discussion. The first session addresses the shift in supply chain priorities from efficiency to sustainability and resilience. The second session introduces best practices for addressing major challenges the private sector faces in building sustainable supply chains. The third session covers strategic approaches for sustainable supply chain cooperation among APEC members.   In the panel discussion, participants will exchange views on practical cooperation measures to build global supply chains across the APEC region. Through this forum, MOTIE aims to lay the groundwork for Korean companies to preemptively respond to global supply chain realignment through sustainability and resilience. The forum’s outcomes will also be incorporated into future policy development. date2025-05-09

U.S. CEBA Officially Joins CFE Initiative

The Ministry of Trade, Industry, and Energy (MOTIE, Minister Ahn Duk-geun) announced on May 8, 2025, that the Clean Energy Buyers Association (CEBA) officially joined the Carbon Free Energy (CFE) Initiative. CEBA is the largest U.S. organization representing clean energy buyers, consisting of over 400 members, including global tech giants such as Apple, Microsoft, Amazon, and Google. On May 6, 2025, (local time) in Minnesota, U.S., the Carbon Free (CF) Alliance and CEBA signed a memorandum of understanding (MOU) on cooperation under the CFE Initiative. The signing took place during CEBA Connect: 2025 Spring Summit, CEBA’s flagship annual event, attended by former IPCC Chair and CF Alliance Chairman Lee Ho-seung. Under the MOU, CEBA will represent the U.S. private sector in the CFE Global Working Group. It will also join the CF Alliance’s efforts to establish global CFE certification standards, including the definition and scope of carbon-free energy and methods for verifying and certifying carbon credits. With CEBA’s participation, membership in the CFE Global Working Group rises to seven: Korea, Japan, the United Arab Emirates (UAE), the Czech Republic, the International Energy Agency (IEA), and the Clean Energy Ministerial (CEM). Based on the MOU, the CF Alliance and CEBA agreed to cooperate in a range of areas to promote the diffusion of carbon-free energy sources. Their cooperation will include convening annual joint international conferences and engaging in technology and policy information exchanges. The CFE Initiative has already won support from major countries and organizations such as Japan, the UK, France, and the IEA. In October 2024, the CFE Global Working Group was launched, which now includes public and private experts from around the world. Other organizations, including the United Nations (UN), the IEA, and the Asia-Pacific Economic Cooperation (APEC), have also expressed support, and consensus is growing across the international community on the need to harness various carbon-free energy sources. Companies in Korea and abroad also expressed support for the CFE Initiative, viewing it as more inclusive, cost-effective, and technology-neutral than other similar initiatives. It is also considered more business-friendly in terms of scalability in developing countries and its recognition of Scope 1 emission reductions. date2025-05-08

Korea and Czech Republic Deepen Comprehensive Economic Cooperation

Minister Ahn Duk-geun of the Ministry of Trade, Industry and Energy (MOTIE) held separate talks with Czech Prime Minister Petr Fiala and Senate President Miloš Vystrčil on May 7, 2025, during a visit to the Czech Republic by a special Korean delegation of government officials and National Assembly representatives. The two sides discussed measures to deepen comprehensive economic cooperation and signed a total of 14 memorandums of understanding (MOUs) in nuclear energy and high-tech industries. Minister Ahn and the government delegation first met with Prime Minister Fiala and discussed cooperation in industry, energy, construction, infrastructure, and science and technology. In Prime Minister Fiala’s presence, Minister Ahn and Czech Minister of Industry and Trade Lukáš Vlček signed a Korea-Czech arrangement on nuclear reactor cooperation, building on an MOU signed in September 2024. The two countries’ governments agreed to work together for the success of the Dukovany power plant project, the possible addition of two more reactor units, and joint entry into third country markets. The two ministers also signed an MOU on battery cooperation to strengthen their joint response to the EU Battery Regulation. Minister Ahn and Minister Vlček also discussed cooperation in nuclear energy and high-tech industries, including batteries and automobiles. In their presence, Korea Hydro & Nuclear Power (KHNP) and other Team Korea members signed 10 MOUs with Czech companies for cooperation on the Czech nuclear reactor project. The two countries also agreed to deepen strategic cooperation in high-tech industries beyond unclear energy. In line with the Vltava Advanced Industries Cooperation Vision announced on September 20, 2024, they signed a letter of agreement to establish an automotive cooperation center and a robotics cooperation center. The agreement is expected to enhance collaboration in R&D, talent training, and demonstration projects. Korea’s National Assembly members and government officials also met Senate President Miloš Vystrčil and discussed extensive bilateral cooperation in –nuclear reactors, high-tech industries, energy, and construction. As 2025 marks the 35th anniversary of diplomatic ties and the 10th anniversary of the Korea–Czech strategic partnership, Minister Ahn noted that the two countries have further solidified their mutual trust. He stated that Korea will make efforts to closely communicate with the Czech side to finalize the new reactor contract as soon as possible. date2025-05-08