South Korea is advancing its hydrogen economy with plans to build two specialized hydrogen clusters in its eastern regions. The Ministry of Trade, Industry, and Energy announced that construction of a hydrogen storage and transportation industrial complex in Donghae and Samcheok will begin in March 2025, followed by a hydrogen liquefaction plant in Samcheok pending a feasibility study. Additionally, Pohang will host a hydrogen fuel cell manufacturing hub, slated for construction later this year, to bolster the country's hydrogen battery exports.

The government has committed 214.2 billion won ($158 million) in public funding, with an additional 293.6 billion won ($216 million) expected from private investors by 2028. This investment underscores Korea's strategic push to establish a full hydrogen value chain, encompassing production, storage, transportation, and utilization. The ministry emphasized the project's role in fostering a robust industrial ecosystem for hydrogen technologies.

This initiative aligns with Korea's broader ambitions to lead the global hydrogen market, leveraging its technological expertise and infrastructure. The clusters are expected to drive innovation, create jobs, and attract further investments in the hydrogen sector. Analysts highlight the potential for these projects to position Korea as a key player in the hydrogen economy, particularly in Asia.