Ministry of Finance and Economy, ADB to expand climate-tech cooperation, strengthen links to projects in developing countries

[Financial News] The Ministry of Finance and Economy is expanding its climate technology cooperation with the Asian Development Bank (ADB). The plan is to connect technologies from domestic and international climate-tech companies with developing countries’ needs, and share Korea’s climate policy experience to broaden opportunities for related companies to enter overseas markets.
The ministry said on the 10th that it would hold the ADB Climate Technology Hub (K-Hub) Partnership Conference jointly with ADB in Seoul, Jeonnam-Gwangju Integrated Special City and other locations. The event, being held for the second time following last year’s conference, will run for three days, from the 10th through the 12th.
At the opening ceremony that day, Mun Ji-seong, the ministry’s director-general for international economic affairs, stressed the need to expand climate technology cooperation through K-Hub. K-Hub is a cooperative platform that connects ADB member countries’ development needs and domestic and international climate technologies with ADB development projects.
K-Hub currently has information on around 1,200 climate technology companies, including around 400 Korean companies, and has secured 57 climate technology and knowledge solutions. It uses this information to identify technologies suited to partner countries’ development needs and connect them with actual projects.
Director-General Mun said that spreading climate technologies requires developing not only the technologies themselves but also the policies, institutions and market foundations needed to support them. He introduced examples of digital technologies used in climate response, including smart grids, digital twins and AI-based early warning systems, and shared Korea’s policy experience, including the Global High-Integrity Carbon Market (GVCM) and Korea Green Transformation International Week (K-GX).
Going forward, the ministry plans to work with ADB to provide developing countries with technology, financing and policy experience, and identify business opportunities for domestic and international climate-tech companies. It will also pursue plans to establish a K-Hub office in Korea to expand the basis for cooperation between companies and institutions.



[email protected] Kim Chan-mi Reporter