Minister Kim Jung-kwan Advocates for Integrated Industry and Energy Policies

Kim Jung-kwan, the Minister of Trade, Industry and Energy, reaffirmed on October 22 the necessity of addressing industrial and energy policies together. He pointed out the inefficiencies arising from the separation of domestic nuclear power and overseas nuclear export responsibilities due to government reorganization, while committing to operate effectively within the current system.

During a comprehensive audit of the Ministry and its affiliated agencies by the National Assembly's Industry, Trade, Energy, Small and Medium Enterprises Committee, Kim responded to a question from Park Sung-min, a member of the ruling People Power Party, regarding his stance on the transfer of energy policy functions during the government reorganization. Kim stated, "My position has not changed, but given the current situation, I believe we must operate well within this framework."

Park highlighted the lack of collaboration between the Ministry of Environment, which oversees domestic nuclear policy, and the Ministry of Trade, Industry and Energy, which handles nuclear exports, and inquired about future strategies.

In response, Kim emphasized, "I believe industry and energy must go hand in hand," noting that the division between domestic and overseas nuclear sectors has led to inefficiencies. However, he stressed the importance of effectively managing the existing organizational structure, stating, "Regardless of whether it is right or wrong, I think it is crucial to operate well. Since we are responsible for overseas exports, we will do our best within that framework."

Park also raised concerns about the need for stable power supply and expansion of the power grid to support the competitiveness of the artificial intelligence and semiconductor industries, suggesting the establishment of a dedicated energy ministry.

While Kim acknowledged the need to balance environmental and industrial considerations in energy policy, he expressed a preference for pursuing energy initiatives alongside industrial policies rather than creating an independent ministry. He stated, "Not only renewable energy but also hydrogen and nuclear power are crucial for job creation and exports," reiterating his belief that energy must align with industrial development.