President Moon Jae-in has reiterated South Korea's commitment to a hydrogen economy.
At a groundbreaking ceremony held on Thursday, at a complex for next-generation hydrogen fuel cells in the Industrial Complex of Incheon's Cheongna International City President Moon promised the development of more infrastructure and the establishment of more than two-thousand hydrogen charging stations by 2050.
Through this, he envisions that people in South Korea will be able to charge their vehicles in just 20 minutes by the year 2030 and in ten minutes by the year 2050.
He also emphasized the need to achieve this by increasing the country's production capacity of green and blue hydrogen, rather than the so-called "grey hydrogen" or hydrogen energy produced by burning fossil fuels.
"With South Korea's technology and capital, the country will strongly work towards overseas production and the importing of clean hydrogen. Also, the country will look to make advancements in global distribution by via strides made in the shipping and transportation sectors of liquid hydrogen. Then, South Korea can become a strong country when it comes to sources of clean hydrogen."
He vowed increased public and private investments to achieve its hydrogen economy initiative, so that the country's transition can be achieved by 2050.
The president said the country will pioneer a global eco-friendly mobility market based on hydrogen to produce hydrogen buses, freight trucks, construction equipment as well as other transportation sectors including urban air mobility, trams, drones and vessels.
President Moon said the country will also work towards achieving carbon neutrality in Korea's competitive steel sector through the application of hydrogen-related technology.
While encouraging private companies' investments and cooperation in the area, the president said the hydrogen economy has infinite potential and pioneering it will create new jobs and future growth for South Korea with its world-class capabilities in hydrogen technology and fostering related industries.
Kim Ji-yeon, Arirang News.