8 of 10 top Korean companies have hydrogen plans

According to the Korean business circle, all of the country’s 10 largest corporate giants, except Samsung Group and LG Group, have either entered or have announced plans to enter the hydrogen business. Hyundai Motor Company was a pioneer and the first to invest large amounts in #hydrogen with SK Group being the most aggressive investor at the moment. Hyundai’s investments were initially looked at as too early as late as the beginning of 2020 but that view has now shifted dramatically with the recent findings on Hydrogen and its market potential.

Goldman Sachs recently projected last September that the market size of the Hydrogen industry would reach $12 trillion by 2050. Hydrogen is seen as the next big innovation and is said to be key in reaching the goal of carbon neutrality. SK Group, POSCO and Hanwha Group are other big names which have made significant plans and investments in #Hydrogen.

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삼성그룹 과 LG그룹을 제외한 국내 10대 대기업 모두 수소 사업 진출을 앞두고 있는 것으로 알려졌습니다. 현대자동차 그룹이 선구자이자 가장 처음으로 수소사업에 투자를 한 가운데 SK 그룹은 가장 적극적인 투자자 그룹으로 알려졌습니다. 골드만 삭스는 최근 지난 9월 수소산업의 시장규모가 2050년까지 12조달러에 이를 것으로 관망했습니다. 수소는 차세대 혁신의 중심으로 간주되며 탄소 중립성 목표달성의 핵심입니다. SK그룹, 포스코, 한화 및 다수의 대기업들은 수소에 대한 상당한 투자와 사업계획을 구상하고 있습니다.

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Australia Korea Business Council
PO Box 24430
Melbourne, Vic 3001 Australia
Liz Griffin – Executive Director

The Australia-Korea Business Council is the leading national body committed to strengthening the Australia-Korea economic relationship.