Rep. Kim Jung-ho of the Democratic Party of Korea said various laws and notices related to institutional reform to implement photovoltaic power projects — core energy sources of RE100 industrial complexes — are too divergent to fully boost such projects.
Rep. Kim made the remarks while speaking at an audit of the National Assembly Trade, Industry, Energy, SMEs and Startups Committee on Oct. 16.
RE100 industrial complexes are industrial complexes in which tenant companies fully meet RE100 goals and utilize 100 percent of regional renewable energy capabilities.
The Ministry of Trade, Industry and Energy (MOTIE) has inaugurated a pan-government taskforce and submitted a proposal to enact a special act on RE100 industrial complexes in October and decided to work out a plan to implement RE100 industrial complexes.
The government aims to launch RE100 industrial complex projects next year and put into operation global advanced RE100 industrial complexes by 2030.
Core energy resources for RE100 Industrial complexes are photovoltaic power and offshore wind power projects.
Industrial complexes under the control of Korea Industrial Complex Corp. (KICOX) have a potential photovoltaic power capability of 4.7GW, but the existing photovoltaic power facilities have a combined capacity of 0.8GW, accounting for 17 percent of their potential capability.
Rep. Kim said the poor performance was cited as reasons, such as complexity and prolonging of permits and licenses for expanding photovoltaic power facilities, lacking legal foundation and delayed execution of projects.
“KICXUP Global 2025,” jointly hosted by Korea Industrial Complex Corp. and Korea Credit Guarantee Fund gets under way at KINTEX in Goyang, north of Seoul, from Sept. 10 to Sept. 12.
KICOX Successfully Wraps Up ‘KICXUP Global 2025’
A global open innovation platform centering around industrial complexes is getting closer to reality.
Korea Industrial Complex Corp. and Korea Credit Guarantee Fund (KODIT) jointly hosted “KICXUP Global 2025” at KINTEX in Goyang, north of Seoul, from Sept. 10 to Sept. 12, confirming a possibility of connecting innovation among industrial complexes and startups.
The event took place under the catchphrase “Connect & Co-Innovate: Global Cooperation in Industrial Complexes.” About 400 people from global companies, investors and startups participated in the event and shared tech cooperation and ESS innovation strategies.
KICOX President Lee Sang-hoon said, “KICXUP Global 2025 has become a turning point for expanding innovation partnerships between industrial complexes and startups to a global stage, and we will redouble efforts to build a technology innovation cooperation ecosystem focusing on industrial complexes in the years to come.”
At the global meetup zone “Connect Lounge,” 42 global companies, including AWS, Benz Korea and Microsoft, held one-on-one negotiations with about 40 Korean companies, including Naver Cloud and LG Electronics.
As a result, collaboration among participants paid off: Ther were 12 cases in which they agreed to implement PoCs in AI and big data sectors and eight cases in which they agreed to make follow-up discussions on investments and 33 cases in which they agreed to have follow-up meetings.
At the IR stage “Pitch Arena,” 25 startups showcased their technology in the presence of investors, Biobytes, Graphene ENG and Aipark were selected as outstanding companies and they were expected to receive PoC support.
The 9th G Valley Starup Competition was highlighted on the final day. Technologies in diverse aeras, such as AI, eco-friendly materials and manufacturing innovation were engaged in a fierce competition in the final round.
The grand flix of the general league went to Edenlux for its eye health wearable devices, while the grand prize of the rookie league went to Rexolution with PCB solutions, based on vision AI.
Edenlux and Rexolution were each presented with the MOTIE minister’s award and Seoul mayor’s prize.
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