Minister-level 'Hanmi Energy Dialogue' to be Promoted Within the Year

[Sejong=Asia Economy Reporter Kwon Haeyoung] The energy ministers of South Korea and the United States are scheduled to meet within the year to discuss energy cooperation measures, focusing on the clean energy sector. This is part of the follow-up actions from the Korea-US summit held last May.

An official from the Ministry of Trade, Industry and Energy stated at the regular briefing on trade issues on the 10th, "We are conducting working-level consultations with the US side to hold the Korea-US Energy Dialogue, which has been elevated to the ministerial level, within this year."

The Korea-US Energy Dialogue had been a cooperation channel operated at the director-general level between the Ministry of Trade, Industry and Energy and the US Department of Energy since 2009, but at the Korea-US summit held last May, it was agreed to elevate it to the ministerial level to achieve joint policy objectives such as responding to climate change.

In addition, as a follow-up to the summit, the two countries are conducting consultations through various discussion channels including working-level and high-level talks to strengthen key industrial supply chains. The Ministry explained that consultation channels have been established between the responsible ministries for four items between Korea and the US?semiconductors, batteries, critical minerals, and pharmaceuticals?and specific discussions are underway to build a mutually beneficial and stable supply chain.

Regarding the introduction of the European Union (EU)'s Carbon Border Adjustment Mechanism (CBAM), the Ministry plans to monitor the impact on Korean companies and prepare response measures through a joint public-private and inter-ministerial effort.

An official from the Ministry said, "Considering the differences in positions among EU member states and opposition voices from the EU manufacturing sector, it is necessary to monitor the trends of the EU Parliament and the Council."

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