South Korea and Czech Republic join hands for energy expansion

The bilateral cooperation reached $4.2b in 2022.

The governments of South Korea and the Czech Republic expanded the scope of bilateral cooperation in trade, investment, clean energy, and EU economic legislation.

With the renewal of their cooperation, both countries assured of stronger growth in their bilateral trade, which accumulated record-setting numbers with $4.2b in 2022. Their proposal for the expansion of its energy transition covers the development of electric vehicles (EVs), hydrogen sources, nuclear energy, and supply chains.

Supplementing that are a number of Korean companies supporting the local Czech market with the production of automobiles, EVs, car parts and steel.

The Carbon Free (CF) Alliance was also discussed with the Czech representatives to prompt a seamless transition to carbon-free energy sources.

ALSO READ: South Korea and Saudi ink deals for clean energy expansion

The discussion also includes support for South Korea’s bid for the World Expo 2030 in Busan, where they highlight the theme of a sustainable future.

Also Read

Queensland gov’t invests $3.6m in solar panel recycling initiative

Retirement of oil and gas plants needs five times the speed to achieve climate goals

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit