South Korea's Minister for Trade, Dr. Inkyo Cheong, highlighted the significance of Australia as a reliable LNG supplier and a key partner in diversifying energy imports. The strong historical bond between the two nations, dating back to the Korean War, has paved the way for deepening political and diplomatic ties. With Australia being a vital source of LNG for South Korea, both countries have established themselves as significant trading partners to each other. Minister Cheong expressed South Korea's view of LNG as a critical transition fuel in achieving net zero targets, emphasizing the need to replace coal and oil fuels with cleaner alternatives like LNG. While acknowledging Australia's efforts towards carbon neutrality, concerns were raised regarding the impact of policies such as the Safeguard Mechanism on investment attractiveness. Despite these challenges, South Korea remains positive about investing in Australia's gas industry and exploring collaborations in clean energy and critical minerals. The memorandum signed between Western Australia and the Ministry of Trade, Industry, and Energy of South Korea signifies a step towards cooperation in clean energy development, including projects related to hydrogen production.