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High-level talks to support Uzbekistan's accession to the World Trade Organization High-level talks to support Uzbekistan's accession to the World Trade Organization The Ministry of Trade, Industry, and Energy held high-level meetings and bilateral negotiations on market access between South Korea and Uzbekistan during the visit of Urinov, Uzbekistan's WTO special representative, and his delegation from February 14th to February 16th. This visit, following the Korean delegation's visit to Uzbekistan in December, was arranged in a return visit format after a two-month interval.   During a separate high-level meeting with Urinov, the WTO special representative, Noh Geon-gi, Director-General for Trade Negotiations, reaffirmed unwavering support for Uzbekistan's WTO accession. Additionally, he conveyed South Korea's concerns regarding bilateral market access negotiations and exchanged views on the current status of economic cooperation between South Korea and Uzbeki

LG Energy Solution has signed a lithium spodumene concentrate supply contract with WesCEF LG Energy Solution has signed a lithium spodumene concentrate supply contract with WesCEF On February 14th, LG Energy Solution signed a spodumene supply contract with Australian producer WesCEF. Spodumene concentrate is a processed lithium ore used to produce raw materials for lithium hydroxide and lithium carbonate.   LG Energy Solution will receive 85,000 tons of spodumene concentrate from WesCEF, which can produce batteries for around 270,000 high-performance electric vehicles capable of traveling over 500km on a single charge. LG Energy Solution previously secured a five-year contract starting in 2025 to receive 50,000 tons of lithium hydroxide from WesCEF's Mount Holland project, meeting all requirements for the Australian Renewable Energy Agency subsidy. Both companies plan to collaborate further to establish a strong supply chain for essential minerals and raw materials wit

  Parking Heater The Korean Agency for Technology and Standards (KATS) and the Korea Consumer Agency are conducting a promotional campaign to prevent winter safety accidents related to parking heaters as the camping season approaches in earnest. A parking heater is a heating device for vehicles that combusts diesel or other fuel without starting the engine, warming the interior of the vehicle using heated air or water. A parking heater has primarily been used during winter for long-distance driving of trucks and other vehicles to provide drivers with sleeping or resting conditions. However, in recent times, its usage has expanded to include camping in vehicles (car camping) and as a heating source within camping tents, leading to an increased risk of safety accidents. Particularly, there is a heightened danger of carbon monoxide poisoning incidents due to improper exhaust pipe installation, emphasizing the need for users to exercise extra caution. ※ Safety Guidelines for the Use of Par

Start of K-Carbon Flagship Technology Development for securing core carbon material technologies Start of K-Carbon Flagship Technology Development for securing core carbon material technologies Ministry of Trade, Industry, and Energy initiates "K-Carbon Flagship Technology Development Project" to support carbon materials technology for key industries.   Carbon materials, crucial for industries like aerospace and secondary batteries, have diverse applications ranging from everyday items to advanced technologies, making them pivotal for future industries as they replace traditional materials like steel.   The government plans to invest 1.046 trillion won by 2028, with an initial 124 billion won this year, to secure top-tier carbon material technologies for five key industries like aerospace and defense. This aims to gain a competitive edge in future strategic industries and enhance the safety of advanced material supply chains. A business briefing is scheduled for February 19

  C-ITS, Cooperative-Intelligent Transport Systems The Radio Research Agency of Korea (RRA) has announced a revision to the technical standards for Intelligent Transportation Systems (ITS) radio equipment.  The revision aims to facilitate the smooth deployment of ITS in Korea by eliminating the WAVE method and mandating the use of LTE-V2X as the sole communication method for ITS. Public comments will be accepted until April 5, 2024. 👉 Contact GCA Tel. +82-31-360-8180 Email: forest.lee@gca-kr.com GCA Global Website

A conference for international standardization experts was held in Seoul A conference for international standardization experts was held in Seoul Minister Ahn from the Ministry of Trade, Industry and Energy organized a meeting on February 7th at Lotte Hotel in Seoul to discuss expanding international standardization for our technology. He also encouraged Korean experts involved in international standardization efforts.   The meeting brought together key figures in international standardization, including ISO President Seong-Hwan Cho, directors from ISO and IEC responsible for setting international standard policies and strategies, as well as chairpersons and secretaries leading international standard development. They discussed the direction of Korea's international standardization policy. Experts highlighted the critical role of international standards in advanced technology sectors like quantum technology and artificial intelligence. These standards not only facilitate market ent

South Korea and Australia discuss collaboration in the energy and natural resources sector On February 2nd, Minister An Duk-geun met with Madeleine King, the Australian Minister for Resources and Northern Australia, in Seoul. They discussed cooperation in energy and resources, focusing on key minerals, CCS, and natural gas. Minister An also addressed challenges faced by Korean companies due to Australia's energy regulations.   Both countries agreed on the importance of reducing dependence on specific countries for key minerals and committed to expanding cooperation from exploration, development, and production to refining and processing in the future.   Both countries have agreed to swiftly advance procedures, including the signing of the Korea-Australia CO2 Transport Agreement, to facilitate the seamless progress of the CCS investment project. This initiative involves capturing and transporting CO2 from South Korea to Australia for permanent storage in depleted gas fields.