Paraguay and South Korea Sign Electromobility and Energy Collaboration Agreement

Paraguay and South Korea signed a Memorandum of Understanding (MoU) to promote collaboration in the energy and electromobility fields.

According to official information from the Paraguayan government, the document, signed by the Paraguayan Minister of Industry and Commerce, Javier Giménez, and the South Korean Minister of Commerce, Industry and Energy, underlines the commitment of both countries to sustainable development and international cooperation in these sectors.

In the energy sector, the delegation reviewed advances in clean generation and storage technologies at the Hwaseong Power Plant. These innovations could be implemented to improve efficiency and sustainability in Paraguay.

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Electromobility

In the area of electric vehicles, delegation members visited factories such as DNA Motors and KGM Commercial. There they learned about advanced technologies that could foster the development of electric transport in Paraguay.

The visit also coincided with the recent donation by the Korean government of five electric buses and two charging stations to Paraguay, within the framework of the Task Center Project.

This plan seeks to establish a joint technology center to boost the national automotive industry and promote electric transportation.

The agreement signed with the Korean government could mean crucial support in new technologies and generation sources, in addition to personnel training and a continuous exchange of knowledge.

It also opens the possibility of significant investments, especially in the national electricity system. This agreement reinforces Paraguay’s commitment to international cooperation and sustainable development, opening new opportunities for collaboration in these important fields.