Korea's Push for Hydrogen Excellence: Donghae, Samcheok, and Pohang Lead the Way
Key Ideas
- Donghae, Samcheok, and Pohang are set to become hydrogen-specialized complexes, driving the growth of the domestic hydrogen industry.
- Incentives for companies relocating to these complexes include preferential subsidy rates, support for joint R&D projects, and manpower training.
- Korea aims to lead in global hydrogen transport demand with a focus on developing liquid hydrogen carrier technology by 2040.
- The Hydrogen City 2.0 Strategy will enhance existing hydrogen pilot cities with upgraded infrastructure and diverse hydrogen ecosystem.
Prime Minister Han Duck-soo chaired a meeting in Seoul focusing on Korea's hydrogen industry. Donghae, Samcheok, and Pohang will be designated as hydrogen-specialized complexes. Companies moving to these locations will receive various incentives to boost the industry. Efforts will also be made to develop liquid hydrogen carrier technology by 2040. Furthermore, the Hydrogen City 2.0 Strategy aims to enhance the hydrogen ecosystem in these cities with advanced infrastructure and eco-friendly production facilities. Prime Minister Han highlighted the importance of hydrogen as a carbon-free energy source and a key player in carbon reduction efforts globally. The Korean government is committed to establishing a comprehensive hydrogen industrial ecosystem to lead the global hydrogen economy.
Topics
Cities
Economic Development
Industry Growth
Environmental Sustainability
Government Initiatives
Technology Advancement
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