"'Must-Have Environmental Era' New Growth Engine"... Boosting the New Deal
The photo shows officials attending the 'Digital New Deal Investment Briefing' held on the 6th. From the third person on the left are Congressman Lee Kwang-jae, Minister Choi Ki-young of the Ministry of Science and ICT, Chairman Eun Sung-soo of the Financial Services Commission, Chairman Lee Dong-geol of KDB Industrial Bank, and Director Moon Yong-sik of the Korea Information Society Development Institute. (Image source=Yonhap News)
[Asia Economy Reporter Moon Chaeseok] The government held a New Deal investment briefing (IR) in the future car and new and renewable energy sectors, using the expression 'must (必) environment era' to promote the Korean New Deal.
The Ministry of Trade, Industry and Energy, the Financial Services Commission, and the Ministry of Economy and Finance announced that on the 19th at 9:30 a.m., they will hold the 'Future Car, New and Renewable Energy Sector New Deal IR' at Front1 in Mapo, Seoul.
Following the digital sector (data, artificial intelligence, 5G+) New Deal IR held on the 6th, a communication platform was prepared with the industrial and financial sectors on the themes of future cars and new and renewable energy.
The briefing is co-hosted by the Ministry of Trade, Industry and Energy and the Financial Services Commission. About 40 people, including Kang Kyung-sung, Director General of Industrial Policy at the Ministry of Trade, Industry and Energy, Sung Ki-hong, CEO of Korea Growth Finance, and officials from the industrial and financial sectors, will attend.
Since the purpose of the IR is to increase the investment execution rate, it will proceed with the government's policy direction, industrial trend analysis by specialized institutions, and introduction of actual private investment cases.
In the first session on future cars, the Ministry of Trade, Industry and Energy and the Korea Institute for Advancement of Technology will present the government's policy direction and research and development (R&D) promotion strategy for the diffusion and market preemption of future cars.
Next, Hyundai Motor Company (Hyundai Motor) will reveal its business structure transformation plan and cases of operating hydrogen funds and startup incubation funds. It plans to announce that it will build a future car ecosystem together with parts companies and startups.
Park Hee-jun, CEO of Energy Innovation Partners, will announce plans to establish a special purpose corporation (SPC) for commercial hydrogen charging stations involving Hyundai Motor, Korea District Heating Corporation (Korea District Heating Corporation), and oil refiners.
In the second session on new and renewable energy, the Ministry of Trade, Industry and Energy will present policy directions for new and renewable energy, and industrial trends and support plans for sub-sectors such as renewable energy, hydrogen economy, and energy ventures.
Officials from the Korea Energy Agency, H2KOREA, and Korea Energy Technology Evaluation Institute will appear as speakers.
Also, the Korea Energy Economics Institute will explain the current status of global new and renewable energy supply expansion and price competitiveness under the theme 'The Present and Future of New and Renewable Energy.' It is expected to convey that the paradigm of the energy industry is shifting to focus on new and renewable energy.
KDB Industrial Bank will introduce actual investment cases in the new and renewable energy sector, such as small and medium-sized solar power projects. It will present investment decision criteria, major risk factors, and management plans.
Director Kang emphasized in his opening remarks, "The trend of eco-friendliness and digitalization triggered by climate change and the 4th Industrial Revolution is an unstoppable massive trend, and the themes of this New Deal IR, future cars and new renewable energy, are the core of eco-friendly and digital technologies."
He said, "We will speed up public investment so that the Korean New Deal can serve as a catalyst for private investment, and create conditions for the private sector to create new businesses and invest through institutional improvements and regulatory innovation."
The event will be live-streamed on YouTube. After the event, the recorded video will be posted on the same platform to support replay.
The next session of the New Deal IR series will be the 'Green New Deal IR' to be held on the 26th. It will be announced promptly through the Korea Financial Investment Association and others.
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