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1st Vice Minister attends MPE Enterprise Awards Ceremony 2023
Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the Global Top Specialty MPE Enterprise Awards Ceremony 2023 on March 22 in Seoul and presented award certificates to 23 companies selected for having the nation’s top potential in materials, parts and equipment (MPE) strategic technology. Approximately 300 persons at...
2023-03-24
MOTIE announces U.S.' proposed rule for CHIPS Incentives Program
The Ministry of Trade, Industry and Energy (MOTIE) announced on March 21 the U.S. Department of Commerce (DOC)’s release of the proposed rule for guardrails included in the CHIPS Incentives Program under the CHIPS and Science Act (Creating Helpful Incentives to Produce Semiconductors and Science Act of 2022), limiting recipients of funding fr...
2023-03-24
Minister Lee attends 50th Korean Commerce and Industry Day
Trade, Industry and Energy Minister Lee Chang-yang attended the 50th Korean Commerce and Industry Day Ceremony on March 15 at the Korea Chamber of Commerce and Industry (KCCI) held to promote commercial and industrial advancement and encourage those that contributed to Korea’s industrial development. Minister Lee gave a congratulatory ...
2023-03-17
MOTIE attends 3rd World Expo 2030 Busan Bid Committee meeting
The Ministry of Trade, Industry and Energy (MOTIE) announced on March 10 that Prime Minister Han Duck-soo and Korea Chamber of Commerce and Industry (KCCI) Chairman Chey Tae-won co-presided the third World Expo 2030 Busan Bid Committee (hereinafter “Committee”) meeting at the Four Seasons Hotel Seoul. This meeting was held to gather pub...
2023-03-14
World Expo 2030 Busan Bid Committee signs MOU with Busan City and Lotte for joint promotion
The Ministry of Trade, Industry and Energy (MOTIE) announced on March 8 that the Bid Committee for World Expo 2030 Busan signed a cooperation memorandum of understanding (MOU) with Busan Metropolitan City and Lotte Holdings for promotion of Korea’s bid to host World Expo 2030 in Busan to prepare for local due diligence by the Bureau Internati...
2023-03-10
1st Vice Minister attends MOU ceremony launching Korea’s innovation fund for middle-market companies
Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the first MOU signing ceremony launching Korea’s innovation fund for middle-market companies on March 9 at the Plaza Hotel Seoul to support middle-market companies’ entrance into new businesses. The Vice Minister gave an opening message and attended the MOU sign...
2023-03-10
Korea announces regulatory innovation for high-tech robot industry
The Ministry of Trade, Industry and Energy (MOTIE) announced on March 2 the regulatory innovation measures for Korea’s high-tech robot industry at the 3rd Regulatory Innovation Strategy Meeting held at the Metaverse Hub in Pangyo to swiftly implement aggressive deregulation for creation of new businesses, in view of the robot industry’s...
2023-03-07
Korea announces measures for securing critical minerals supply
Trade, Industry and Energy Minister Lee Chang-yang presided a conference on February 27 at the Lotte Hotel Seoul to discuss strategies for securing critical minerals and measures to stabilize the supply chain. The strategy for securing reliable critical minerals supply is a follow-up measure to President Yoon Suk-yeol’s order to establ...
2023-03-02
Korea announces measures for securing critical minerals supply
Trade, Industry and Energy Minister Lee Chang-yang presided a conference on February 27 at the Lotte Hotel Seoul to discuss strategies for securing critical minerals and measures to stabilize the supply chain. The conference was held in the attendance of representatives from various like EVs and secondary batteries that require critical minerals fo...
2023-02-28
Korea's retail industry grows 4.0% in January
The Ministry of Trade, Industry and Energy announced on February 27 that Korea’s overall retail sales in January posted a 4.0 percent year-on-year growth. Offline sales lost 0.5 percent, while online sales gained 9.1 percent. The Ministry releases monthly retail sales figures based on surveys of 26 major retailers. Half of them are brick-and-...
2023-02-27
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