Sejong, September 22 - The Ministry of Environment (ME, Minister Han Wha-jin) and the Korea Environmental Industry & Technology Institute (KEITI, President Choi Heung-jin) jointly held the Global Green Hub Korea 2022 from September 20 to 23 in Conrad Seoul in Yeongdeungpo-gu, Seoul. For this event, the ministry invited prominent buyers and customers from around the world to introduce Korean environmental companies' outstanding technology and applicability for upcoming new projects. A total of thirty-three potential clients from twenty countries attended the event, after which they ordered thirty-seven new projects worth USD 13.8 billion. The event was held in person for the first time in three years since 2019.

The opening ceremony was held on September 20. On the same day, the "Global Sustainable Future Vision Forum" was held under the theme of "Green Transition for a Sustainable Society." Ovais Sarmad, Deputy Executive Secretary of the UN Framework Convention on Climate Change, delivered a keynote speech on the theme of "Green Transition and Rule for Implementing the Paris Convention." Yoon Jong-won, Chairman & CEO of IBK, delivered a speech on the theme of "the Role of Finance in Green Transition." During the forum, members of the World Bank, the Green Climate Fund, and other international organizations shared global trends and future growth engines in connection with climate change and green transition.

On the first day of the event, Korean environmental companies had a chance to directly hear from the clients about promising new environmental and energy projects. On the second day, the companies had one-on-one meetings with potential clients through a preliminary analysis of the new project. 

Several side events also took place, including Green ODA Workshop, Overseas Market Corporate Council, and International GHG Reduction Seminar. During the Green ODA Workshop, the Ministry of Environment invited ambassadors, benefactors, and corporations from Vietnam, Mongolia, and other foremost partners in the environment sector to introduce Korea's "Green Official Development Assistance" policies and projects for further collaboration. The Overseas Market Corporate Council, which had its launch ceremony on the day, is a group of financial institutes and corporations participating in overseas market support programs provided by ME and KEITI. KEITI shared its operating plan for the Council and presented its financing policy, which was of primary interest shared by the companies. At the International GHG Reduction Seminar, the Ministry of Environment shared the government's policy direction to achieve carbon neutrality by 2050, GHG reduction support programs, and successful cases of overseas expansion related to lowering greenhouse gases. 

On September 22, the event's last day, clients from abroad had the opportunity to visit Noeul Park (formerly Nanjido Reclamation Site) in Sangam-dong and the Arisu Museum at the Ttukseom Arisu Water Purification Plant, as well as the remarkable environmental facilities of Korea.

Vice Minister of Environment Yu Je-cheol said, "Global Green Hub Korea is a meaningful event to raise the potential for domestic enterprises to receive orders for promising overseas projects in the environment and energy fields. We will provide full-fledged support for experienced Korean corporations with outstanding technology to contribute globally to carbon neutrality and green transition."

Contact:Lee Hye-won, Deputy Director

Green Industry Innovation Division / +82-(0)44-201-6709

Foreign Media Contact: Chun Minjo(Rachel)

+82-(0)44-201-6055 / rachelmchun@korea.kr