KOREA INSTITUTE OF GEOSCIENCE AND MINERAL RESOURCES

Kim Gyu-han, the director of the Korea Institute of Geoscience and Mineral Resources (“KIGAM”) addressed a topic presentation on the Korea-Canada cooperation for energy and mineral resources and the KIGAM’s role at the Korea-Canada Business Symposium held in Fairmont Hotel in Ottawa, Canada on the 22nd (Mon) this month.

In the presentation he proposed the current status of supply and demand of Korea’s energy resources; Korea’s policy on overseas energy resources; KIGAM-Canada performances of R&D; and Korea-Canada cooperative methods to develop the non-conventional energy resources (i.e., shale gas, oil sand, gas hydrate) and energy resources in the Arctic Circle.

Director Kim said that KIGAM is Korea’s one and only institute that specializes in geological resources, which would serve as a bridgehead for an energy resource cooperation between the two countries and that both countries would make a win-win program for each other. In particular, he stated that a future cooperation between two countries would be expected in the field of exploring oil, gas, and mineral resources in the Arctic Circle, suggesting the method for technology cooperation in Athabasca Basin of the Province of Saskatchewan, Canada, which is the biggest production area of uranium in the world.