Jeong Sye-gyun and Jeong Eui-seon Luncheon on 18th... Likely to Discuss Hydrogen Economy Implementation Plans

Prime Minister Chung Sye-kyun and Hyundai Motor Group Chairman Chung Eui-sun are attending the '2nd Hydrogen Economy Committee' held at the Government Seoul Office in Jongno-gu, Seoul on the 15th, shaking hands. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Dongwoo Lee] Prime Minister Chung Sye-kyun is expected to discuss plans to realize a hydrogen economy, including expanding the supply of eco-friendly vehicles, together with Hyundai Motor Group Chairman Chung Eui-sun and others on the 18th.

According to industry sources on the 17th, Prime Minister Chung is scheduled to have lunch the next day with Chairman Chung, Korea Automobile Manufacturers Association Chairman Chung Man-ki, and Automotive Parts Foundation Chairman Oh Won-seok.

During the lunch, discussions are expected regarding the preparation status of Ssangyong Motor's P-Plan, which is currently struggling to find a new owner, and the crisis of mass bankruptcies among partner companies.

Earlier, the Korea Automobile Manufacturers Association met with the Ssangyong Motor Partner Companies Emergency Countermeasures Committee on the same day to listen to the current situation of the suspension of Ssangyong Motor's factory operations and the difficulties faced by partner companies.

Before the lunch, Prime Minister Chung is scheduled to preside over a National Agenda Inspection and Coordination Meeting at Hyundai Motor's Namyang Technology Research Center and receive reports on the Ministry of Trade, Industry and Energy's measures to promote eco-friendly vehicles and the Ministry of Environment's innovation plans for zero-emission vehicles.

Hyundai Motor and LG Energy Solution are reported to sign a Memorandum of Understanding (MOU) on the battery lease business at this meeting.

Last October, the 'Electric Vehicle Used Battery Reuse Demonstration Exception' proposal was approved by the 4th Industrial Convergence Regulatory Sandbox Committee of the Ministry of Trade, Industry and Energy, and a pilot project is currently underway.

Afterwards, Prime Minister Chung is expected to tour eco-friendly vehicle-related facilities at the Namyang Research Center and receive a briefing on Hyundai Motor's progress in eco-friendly vehicle technology. In the afternoon, he is reported to test drive the Ioniq 5, which is scheduled to be unveiled worldwide on the 23rd.

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