Korea Energy Agency announced on June 17 that it held the "Korea-UAE Renewable Energy Business Meet-up Day" at Intercontinental COEX in Seoul to support domestic energy leading companies' overseas expansion and create new business opportunities.
In 2018, the agency signed a "business agreement to promote Korea-UAE renewable energy investment cooperation project" to combine Masdar's capital and Korean companies' technology to use it as an opportunity to promote domestic renewable energy investment.
The conference was attended by Korea Midland Power Co., Korea East-West Power Co., SK Eco Plant, and Korea Electric Power Corp., along with UAE's Masdar Co. and only Korean company officials attended the conference on-site due to the influence of Covid-19.
On the day, the consultation session was conducted in a one-on-one investment consultation method by each company, including sharing performance in the renewable energy sector, introducing projects planned and promoted by companies and discussing future cooperation.