Chilean government officials are calling for increased investment from South Korea in their green energy sector, emphasizing the need for Korean companies to play a larger role in the Chilean economy. The current level of foreign direct investment from Korea to Chile, ranging from $200 to $800 million, is considered low compared to other countries in the region like China and Japan. Chile is particularly interested in attracting Korean investments in the green energy sector, including hydrogen and renewable energy such as solar and wind power. Both Chile and South Korea have a shared interest in the hydrogen business, as evidenced by a memorandum of understanding signed in 2021 to expand cooperation in the low-carbon sector. Chile presented its 'green hydrogen action plan' to Korea's Industry Ministry, aiming to participate in Korea's hydrogen tender offer and potentially export green hydrogen to Korea. Additionally, Chile is looking to collaborate with Korea in areas such as hydrogen-powered vehicles, with discussions already underway with Hyundai Motor Group to supply hydrogen fuel cell taxis and trucks in Chile. The renewable energy sector in Chile has seen significant growth, with 61 percent of electricity now generated from renewable sources, a substantial increase from 38 percent in 2010. Korean companies, including Hyundai Motor Group and Korea Energy, are actively involved in the solar energy sector in Chile, further highlighting the potential for collaboration between the two countries in the green energy field.