Launch of the Korea Maritime Grid Industry Association... First President is Koo Bon-gyu, CEO of LS Cable & System

Including over 20 member companies such as LS Cable & System, Doosan Enerbility, Hyosung Heavy Industries, and LS Electric

The Korea Offshore Grid Industry Association (KOGIA), which will lead the development of the domestic 'offshore wind power and power grid' industry, has been launched. Koo Bon-gyu, CEO of LS Cable & System, was appointed as the inaugural chairman.

KOGIA held its inaugural ceremony on the 15th at the Grand Hyatt Seoul Hotel. About 100 stakeholders attended the event, including KOGIA’s first chairman Koo Bon-gyu, National Assembly member Han Mu-gyeong of the Industry, Trade, Energy, Small and Medium Enterprises Committee, Cheon Young-gil, Director General of Energy Policy at the Ministry of Trade, Industry and Energy, and Kim Tae-ok, Vice President of Korea Electric Power Corporation.

KOGIA includes more than 20 major power equipment companies as members, such as LS Cable & System, Doosan Enerbility, Hyosung Heavy Industries, LS Electric, and KT Submarine. Going forward, it plans to protect the domestic equipment industry related to offshore grids (power networks) and support the stable growth of small and medium parts companies.

At the founding ceremony of the Korea Offshore Grid Industry Association (KOGIA) held on the 15th at the Grand Hyatt Seoul Hotel in Yongsan-gu, Seoul, related officials including KOGIA Chairman Koo Bon-gyu (fifth from the left in the front row), National Assembly Industry, Trade, Energy, Small and Medium Enterprises Committee member Han Mu-gyeong, Cheon Young-gil, Director of the Energy Industry Office at the Ministry of Trade, Industry and Energy, and Kim Tae-ok, Vice President of Korea Electric Power Corporation (fourth from the left in the front row), are taking a commemorative photo. / Photo by LS Cable & System

The ultimate goal is to establish a virtuous cycle system that leads from 'increased orders for domestic equipment companies → creation of new jobs → growth and protection of the domestic equipment industry.' Accordingly, KOGIA will focus on key tasks such as realizing carbon neutrality through offshore wind power, innovating offshore grid construction, and strengthening the competitiveness of domestic offshore grid companies, and will take related actions.

In his commemorative speech, Chairman Koo said, "The launch of KOGIA will be a milestone for the development of the domestic offshore wind power and power grid industry in the era of energy transition. Through successful offshore grid construction, we will contribute to achieving carbon neutrality and national economic development, and strive to foster the domestic power industry and equipment companies."

KOGIA plans to hold regular meetings, forums, and seminars for active policy proposals. It has also agreed to cooperate with government service projects. A KOGIA official stated, "Domestic solar power companies are struggling due to low-price competition from overseas firms. We will work hard to develop the renewable energy market and protect the ecosystem."

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