Gas Gong, Organizational Restructuring Executed... Establishment of Hydrogen Business Division

[Asia Economy Reporter Kwangho Lee] Korea Gas Corporation announced on the 11th that it has carried out an organizational restructuring, including the establishment of a Hydrogen Business Division. By reorganizing the organizational structure to perform a key role in line with the national energy transition, it aims not only to expand the scope of Korea Gas Corporation in the future energy industry but also to respond to government policies and supply energy safely and stably from natural gas to hydrogen to the public.

Through this organizational restructuring, Korea Gas Corporation has established the Hydrogen Business Division to promote bold investments for economical hydrogen production and supply. Based on 38 years of experience and confidence leading the natural gas industry, the corporation plans to build a foundation for establishing the entire hydrogen industry value chain, covering introduction, production, supply, and distribution systems, by setting up a hub-type hydrogen production base, producing and importing overseas green hydrogen, and constructing hydrogen convergence charging stations with an organization geared toward active investment.

To establish the national hydrogen economy foundation, alongside the Hydrogen Business Division, a Hydrogen Distribution Center has been newly established. By developing a hydrogen distribution system and building a fair hydrogen distribution market for the transition to a hydrogen society, it plans to contribute to creating a hydrogen economy environment that provides benefits to the public.

Additionally, aiming to become a global leading company in the hydrogen industry, Korea Gas Corporation will focus its capabilities on securing core hydrogen technologies and carbon-neutral technologies by not only conducting in-house research and technology development but also establishing an M&A division to acquire core technologies externally, thereby securing technological competitiveness in the rapidly changing global market.

Korea Gas Corporation has formalized the Convergence Business Department under the New Growth Business Division and established an ASEAN Vietnam office for the GTP project, which involves exporting natural gas production bases and power plants. Negotiations are underway with various countries such as Vietnam and Thailand. Through this, the corporation is expected to enter the convergence business that simultaneously promotes natural gas and power generation projects, marking an opportunity to expand Korea Gas Corporation’s natural gas supply network from domestic to overseas markets.

Furthermore, it plans to expand investments in new business areas such as LNG cold energy and bunkering and diversify the LNG market to broaden its business portfolio, thereby solidifying its position in the natural gas business.

In addition, to respond to the post-COVID-19 era and actively promote digital transformation, a Digital New Deal Department has been established. By implementing the Korean Digital New Deal policy, it will actively respond to government policies while building a digital organizational culture based on network platforms, IoT, big data, etc., and promote digital-based operational efficiency throughout management.

Moreover, to implement the safety innovation master plan established last year and build a higher-level safety management system, the Safety Innovation Committee, which was a temporary organization, has been formalized. A Korea Gas Corporation official stated, "By focusing on preventing serious accidents such as major disasters, we will lay the foundation for advancing toward a safe society."

This content was produced with the assistance of AI translation services.