Park Ki-young, Vice Minister of Industry, "Basic Plan for Hydrogen Economy Implementation to be Announced Within the Year"

[Sejong=Asia Economy Reporter Kwon Haeyoung] Park Ki-young, Vice Minister of the Ministry of Trade, Industry and Energy, announced on the 18th that the "Basic Plan for Hydrogen Economy Implementation," which includes measures to enhance the competitiveness of the domestic hydrogen industry as a whole, will be announced within this year.

Vice Minister Park made this announcement during a meeting with hydrogen industry business leaders held on the afternoon of the 18th at the Korea Energy Technology Research Institute in Daejeon.

This visit was arranged to directly check the trends in clean hydrogen technologies such as water electrolysis and green ammonia, and to discuss plans for achieving carbon neutrality by 2050 through clean hydrogen, as well as job creation through the establishment of a clean hydrogen industry ecosystem. Companies such as Doosan Heavy Industries & Construction, Samsung Engineering, SK E&S, and Hanwha Solutions attended from the industry.

At the meeting, companies raised the need for government support along with investment plans in domestic clean hydrogen production through water electrolysis and carbon capture, utilization, and storage (CCUS) technologies, commercialization of zero-carbon power sources such as hydrogen turbines and green ammonia, and overseas hydrogen development and transportation technologies. The Ministry of Trade, Industry and Energy explained at the meeting that it is currently promoting the introduction of a clean hydrogen certification system, a clean hydrogen power generation obligation system, and sales and usage systems through amendments to the Hydrogen Act to facilitate the transition to a hydrogen economy based on clean hydrogen.

They also announced plans to reduce the price per kilogram from the current 10,000 KRW to about 3,500 KRW by 2030 through support for demonstration projects of green hydrogen production based on water electrolysis of various scales and methods.

Vice Minister Park urged, "I ask our companies to invest proactively and aggressively so that they can lead the future global hydrogen economy."

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