• Policy

        • Korea

        • 2021

        Australia - Korea Comprehensive Strategic Partnership

        The Comprehensive Strategic Partnership builds on the co-operation and dialogue between Australia and Korea across mutual economic and diplomatic interests. Concerning critical minerals, the two countries pledge to ensure supply chain resilience and co-operation with the aim of increased certainty of supply to the renewable energy and advanced manufacturing sectors. The Minister for Trade, Industry and Energy of Korea and the Minister for Resources and Water of Australia signed a Memorandum of Understanding on Critical Mineral Supply Chains and agreed that the Korea-Australia Critical Minerals Working Group would lead collaboration across several joint initiatives, including supply chain…

        • Policy

        • Korea

        • 2024

        Thailand-Korea Economic Partnership Agreement (EPA)

        Negotiations for a free trade agreement between Thailand and Korea officially started on March 28 2024, with the signature of a Thailand - Korea economic partnership agreement (EPA). Energy sector products likely to be covered are: Refined petroleumElectrical circuit boardAluminium productsIronSteel and its productsElectrical circuit board

        • Policy

        • Chile

        • 2004

        Chile-Korea Free Trade Agreement

        The Chile-Korea Free Trade Agreement, was signed in February 2003, and later fully adopted in April of the following year. In terms of trade, the treaty established a process of tariff reduction, with periods ranging from immediate tariff elimination at the time of its entry into force, to a period of 16 years, which was completed back in 2020. Since 2018, rounds of negotiations have been conducted to deepen certain trade categories included within the agreement, such as commerce facilitation, environment, cooperation, and intellectual property.When it comes to energy technology trade, the treaty is tariff-free for the…

        • Policy

        • Spain

        • 2021

        Spain & Korea green & digital partnership

        President Moon Jae-In visit in Spain concluded with strengthened business cooperation in the green and digital sectors.

         

        Ocean Winds, a Spanish renewable energy firm, announced its plans to invest $100 million to build a 1.2GW offshore wind farm in Incheon.

         

        The renewable energy firm EDPR intends also to invest $100 million for the construction of a 200MW solar power plant in Goheung.

         

        Centro para el Desarrollo Tecnológico Industrial (CDTI) and Korea Institute of Energy Technology Evaluation and Planning renewed a memorandum of understanding (MOU) to extend the cooperation in joint R&D clean energy projects.

        • Policy

        • Korea

        • 1975

        Energy Korea Show

        The Korea Energy Show is a unique exhibition which aims to promote the marketing of energy-efficient and renewable energy products, and exchange of the latest energy conservation technologies and policy trend. The first exhibition of this kind was the Fuel Using Products Exhibition in 1975. This exhibition developed as energy companies’ marketing place and a stage for sharing technology. It is considered to be a very successful tool to raise public awareness about green energy and energy efficiency. Past Event Result held in 2019;Total Visitor(30,006 people), Export Contract(KRW 20.03 Billion), MOU(KRW 103.15…

        • Policy

        • Korea

        • 2025

        Second NDC of Republic of Korea

        The Republic of Korea aims at reducing its GHG emissions by 53% to 61% below 2018 levels by 2035.

        • Policy

        • Korea

        • 2006

        Free Trade Agreement between Korea and the States of the European Free Trade Association

        The free trade agreement between Korea and the European Free Trade Association States ("EFTA"), involving Iceland, Liechtenstein, Norway and Switzerland), was signed on 15 Dec 2005. The Agreement entered into force on 1 September 2006 for Korea, Norway, Liechtenstein and Switzerland, and 1 October 2006 for Iceland. It provides for the gradual elimination of most industrial and energy sector products, including: Electric motors, turbines and generators; Mechanical equipment including pumps, appliances, and other advanced machinery; Electric accumulators, transformers, capacitors, batteries; Motor vehicles; Mineral ore, slag and ash; Mineral fuels, oils and other products; Metals and their articles e.g. iron…

        • Policy

        • Korea

        • 2012

        United States - Korea Free Trade Agreement

        The United States-Korea Free Trade Agreement provides for the elimination of tariffs for the following goods, among others:Electric generation equipment Mechanical equipment including pumps, appliances, and other advanced machineryElectric motors, transformers, batteries, and capacitorsMotor vehiclesMineral ore and processed products including graphite, manganese, copper, aluminium, and nickelVarious products manufactured using above minerals and metals such as sheets, powders, bars, and platesPhotovoltaic cells (import into Korea only)The Agreement states goods are counted as originating from each country if they:are wholly produced or obtained in the country (applicable to minerals, raw materials, and waste and scrap materials)meet specific standards…

        • Policy

        • Korea

        • 2021

        Revised/Updated NDC of Korea

        The Republic of Korea aims at reducing its GHG emissions by 24.4% below 2017 levels by 2030.

        • Policy

        • Korea

        • 2023

        Critical Mineral List in Korea

        Ministry of Trade, Industry and Energy (MOTIE) announced list of 33 critical minerals and 10 strategic critical minerals as a part of “the measures for securing critical minerals supply”. 33 critical minerals has been selected for management with regard to economic security, among which 10 strategic critical minerals will be prioritized for intensive management to stabilize the supply chain of high-tech industries such as semiconductors and secondary batteries.The bolded items are 10 strategic critical minerals.1. Lithium 2. Nickel3. Cobalt4. Manganese5. Graphite6. Neodymium (REE)7. Dysprosium (REE)8. Terbium (REE)9. Cerium (REE)10. Lanthanum (REE)11. Niobium 12…

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