South Korean conglomerate Hyundai Motor Group (HMG) has entered a multilateral memorandum of understanding (MoU) with Pyeongtaek City and key partners to develop carbon-neutral hydrogen port initiatives, aiming to establish a Korean model for port decarbonization and contribute to national carbon-neutrality goals.

Pyeongtaek City Pyeongtaek Port South Korean Hyundai Glovis Fisheries Hyundai Motor Group Hyundai Motor Company Kia Corporation Ken Ramirez Head of Global Energy Hydrogen Business Division Ministry of Oceans Ministry of Land Hydrogen City Reportedly