The UK and South Korea strengthen cooperation on clean energy

　　Sinochem New Network News Recently, the British government said that on the occasion of South Korean President Yoon Suk-yeol's official visit to the United Kingdom, the British Department for Energy Security and Net Zero Emissions and the South Korean Ministry of Trade, Industry and Energy signed an agreement to cooperate with South Korea on strengthening security in the energy sector and accelerating the clean energy transition.

　　According to the agreement, the two countries will expand cooperation on low-carbon technologies and climate change countermeasures, and accelerate the progress towards net-zero emissions. In addition, while promoting cooperation between enterprises, the agreement will support the removal of trade barriers in related fields and the coordinated development of the energy industries of the two countries.

　　The cooperation includes the development of offshore wind and hydrogen projects, as well as strengthening cooperation between KEPCO and the UK's energy industry regulator Ofgem and transmission giant State Grid.

　　South Korean companies plan to invest more than £10 billion in new renewable energy and infrastructure in the UK, according to the UK government, according to which more than 1,000 high-skilled jobs are expected to be created in the renewable energy sector.

　　The agreement is part of a series of agreements signed between British Prime Minister Rishi Sunak and President Yoon Suk-yeol. The series of agreements aims to strengthen cooperation between the two countries in various fields such as technology, defense, security, economy, and energy, including the start of negotiations to revise the free trade agreement. The new free trade agreement is expected to cover areas such as strengthening supply chains, a digital society, and energy cooperation.