Korean Hydrogen Council Launches Today... Jeong Eui-seon, Chey Tae-won, Shin Dong-bin 'All Hands on Deck'

Chairman Cho Hyun-joon of Hyosung Group (from left), Chairman Choi Jeong-woo of POSCO Group, Chairman Choi Tae-won of SK Group, and Chairman Chung Eui-sun of Hyundai Motor Group met last June at Hyundai Motor Namyang Research Institute in Hwaseong, Gyeonggi Province, and agreed to form a hydrogen council.

[Asia Economy Reporter Choi Dae-yeol] A private-sector consortium aimed at accelerating the hydrogen society will make its debut on the 8th. Although hydrogen is gaining attention as a future eco-friendly energy source, experts point out that expanding infrastructure centered on companies is necessary to increase its practical use. This consortium, known as the "Korean Hydrogen Council," is expected to play a significant role.

The 'Korea H2 Business Summit' held at KINTEX in Goyang City on this day will be attended by major corporate leaders such as Chung Eui-sun, Chairman of Hyundai Motor Group; Chey Tae-won, Chairman of SK Group; and Shin Dong-bin, Chairman of Lotte Group. Also present will be Choi Jeong-woo, Chairman of POSCO Group; Kim Dong-kwan, President of Hanwha Solutions; Heo Se-hong, President of GS Caltex; Jung Ki-sun, Vice Chairman of Hyundai Heavy Industries; Park Jung-won, Chairman of Doosan Group; Cho Hyun-sang, Vice Chairman of Hyosung Group; and Lee Kyu-ho, Vice Chairman of Kolon Global.

The Korea H2 Business Summit operates as a Chief Executive Officer (CEO) consortium. It plans to hold regular general meetings and forums to promote hydrogen investment by domestic companies. At the general meeting on this day, discussions are expected regarding the operation plans of the consortium to realize a hydrogen society and achieve carbon neutrality.

Earlier, Chairman Chung, Chairman Chey Tae-won, Chairman Choi Jeong-woo, and Chairman Cho Hyun-joon of Hyosung Group met in June at the Hyundai Motor and Kia Technology Research Center in Hwaseong, Gyeonggi Province, to discuss the establishment of the hydrogen companies consortium. Subsequently, Lotte, Hanwha, GS, and Doosan expressed their intention to participate. After the general meeting, they plan to tour the Hydrogen Mobility+ Show venue, which opened on the same day.