Jung Eui-sun and Choi Tae-won... Launch of the 'Hydrogen National Representative' Council

Official Launch of Korea H2 Business Summit
Founding General Meeting with 15 Companies Including Hyundai Motor, SK, and POSCO
Jung Eui-sun: "We Will Create a Leading Platform"
Choi Tae-won: "Contributing to the Revitalization of the Hydrogen Industry Ecosystem"

[Asia Economy Reporter Kim Hyewon] The Korean version of the Hydrogen Council, the 'Korea H2 Business Summit,' was officially launched on the 8th to realize a hydrogen economy society. About 10 business leaders, including Chung Euisun, Chairman of Hyundai Motor Group, and Chey Tae-won, Chairman of SK Group, gathered in one place to unite companies in activating the hydrogen economy and achieving carbon neutrality. ▶Related article on page 5

The Korea H2 Business Summit, which includes a total of 15 member companies including 10 major domestic conglomerates such as Hyundai Motor, SK, POSCO, and Lotte Group, held its inaugural general meeting on the morning of the same day at KINTEX in Goyang, Gyeonggi Province. The initial members Hyundai Motor, SK, and POSCO jointly serve as co-chair companies, and Hyundai Motor Group took the first secretariat role representing the meeting body in rotation.

Chairman Chung said at the general meeting, "Compared to advanced countries, Korea's hydrogen industry ecosystem has developed unbalancedly and slowly, but since our companies have global competitiveness across all industrial sectors, I am confident that we can succeed. I hope the Korea H2 Business Summit will not only enhance the competitiveness of individual companies but also act as a leading platform that integrates companies, policies, and finance to improve the completeness and competitiveness of the hydrogen industry ecosystem and contribute to the development of the hydrogen economy."

Chairman Chey said, "The hydrogen industry can contribute not only to responding to climate change but also become a new industry in Korea, creating future jobs and contributing to society, and furthermore, contributing economically through global market expansion. SK Group will also play a pivotal role in revitalizing the hydrogen ecosystem."

The Korea H2 Business Summit plans to hold a general meeting every September with all members participating to share major issues and current status and discuss cooperation plans. Through regular meetings, it will select key cooperative tasks by division such as technology, policy, and global cooperation, and derive detailed implementation plans. In the first half of each year, it plans to invite domestic and foreign investors to promote hydrogen-related investment activation.

The Korea H2 Business Summit will focus on entering overseas hydrogen production and transportation sectors to secure a leading and stable hydrogen supply chain, as well as early acquisition of next-generation core hydrogen technologies and proposing government policies. Deloitte Consulting, the secretariat, stated, "What global leading countries and companies are focusing on in the current hydrogen hegemony competition is scale-up and rapid development," and ordered the summit’s three major initiatives: joint investment to secure overseas clean hydrogen supply bases, ecosystem creation through cooperation among hydrogen supply and utilization companies, and early acquisition of core technologies across the hydrogen value chain.

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