KOTRA Hosts Osaka Korea-Japan Energy Expo with 90 Companies Participating

Major Japanese Companies Including Kansai Electric Power Participate to "Strengthen Export Cooperation"

KOTRA announced on the 6th that it held the '2023 Korea-Japan Energy Expo' in Osaka, Japan, to accelerate carbon neutrality cooperation between the two countries. This is a large-scale offline event hosted by KOTRA in Osaka for the first time in four years.

The event was planned to address the issues of establishing 2050 carbon neutrality measures and diversifying parts supply, which were identified through the 'Urgent Export Expansion Buyer Demand Field Survey' conducted by the KOTRA Osaka Trade Center over two months since early this year.

The event was attended by 40 Korean companies gathered by Korea Electric Power Corporation (KEPCO) and its subsidiary Korea East-West Power, and 50 Japanese companies. It was divided into a morning seminar and an afternoon export consultation session.

The seminar was attended by 120 related personnel from Korean and Japanese companies and institutions. Four of the top 10 Japanese power companies participated in the seminar. Seven plant construction and operation companies and six power equipment companies also attended. Speakers presented on Korea-Japan power projects and the current status and prospects of the Korean nuclear power market.

During the export consultation session, 130 consultations took place. Kansai Electric Power, one of the two major Japanese power companies, participated in the consultation. In addition, leading companies from various sectors such as plant (Hitachi Zosen, Mitsubishi Chemical), steel (Kobe Steel), machinery (Nihon Spindle, Kuriyama), and semiconductors (Kyocera, Taiyo) also attended.

Japanese companies showed great interest in ▲expanding power generation facilities and maintenance ▲renewable energy sectors such as biomass and wind power. KOTRA interpreted this as a clear example of the strong demand to discover Korean suppliers amid the active diversification of parts supply sources by Japanese companies after COVID-19.

A procurement department official from Kansai Electric Power stated, "We plan to actively refer to the status of Korea's transition to a decarbonized society, which we learned about at the seminar, when setting the direction for Kansai Electric Power's renewable energy transition projects. In particular, we will focus on reviewing the supply of high-performance parts such as polymer insulators and work together with Korea to consider changes in the power generation infrastructure."

KOTRA will consecutively hold the 'Japan Regional Export Expansion Strategy Meeting' in Osaka the following day. The meeting will focus on strengthening cooperation in current issues between the two countries and expanding export support measures.

Yoo Jung-yeol, President of KOTRA, said, "The Japanese market is an important market for Korean companies," adding, "We will actively support the expansion of Korean companies' exports by encouraging cooperation between companies of both countries not only in energy but also in various fields such as consumer goods through this event."

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