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Minister Lee visits KCCI

Minister Lee visits KCCI

Trade, Industry and Energy Minister Lee Chang-yang visited the Korea Chamber of Commerce and Industry (KCCI) on May 18 to facilitate government-industry discussions for future growth strategies, as his first inaugural outing. Minister Lee met with KCCI President Chey Tae-won and relayed in his opening remarks the Ministry’s plans to be...

2022-05-19

Vice Minister visits Hyundai-Kia Motors AutoLand plant

Vice Minister visits Hyundai-Kia Motors AutoLand plant

Trade, Industry and Energy 1st Vice Minister Jang Young-jin visited the Hyundai-Kia Motors’ AutoLand plant in Hwaseong-si on May 18 to discuss the corporation’s mid-to-long term investment plans in Korea’s EV market. The Vice Minister received a briefing on Hyundai-Kia Motors EV industry status and future direction from Hyu...

2022-05-19

10th Korea-EU FTA working group meeting on pharmaceuticals and medical devices

The Ministry of Trade, Industry and Energy (MOTIE), together with the Ministry of Health and Welfare and the Ministry of Food and Drug Safety, convened the 10th Korea-EU FTA working group (hereinafter “working group”) meeting on pharmaceuticals and medical devices on May 19 at the Government Complex Sejong via videoconference with their...

2022-05-19

Korea's automobile exports reach $4.4 billion in April

The Ministry of Trade, Industry, and Energy announced on May 16 that Korea’s April automobiles exports recorded 196,780 units (up 12.4 percent) and USD 4.4 billion (up 6.1 percent) in value. Despite escalating global supply chain uncertainties, Korea showed mostly robust performance in its automobile production, domestic demand, and exports c...

2022-05-16

62nd Trade, Industry and Energy Minister Inauguration Ceremony

62nd Trade, Industry and Energy Minister Inauguration Ceremony

62nd Trade, Industry and Energy Minister Lee Chang-yang was sworn into office at the MOTIE Ministers' Joint Inauguration Ceremony on May 13 at Government Complex Sejong where he took his oath of office along with newly appointed Trade Minister Ahn Duk-geun and 1st Vice Minister Jang Young-jin (photos in this order). The ceremony ...

2022-05-13

424th Korea Trade Commission gives final conclusion on anti-dumping duty expiry review

The Ministry of Trade, Industry and Energy (MOTIE) held the 424th Korea Trade Commission (hereinafter “the Commission”) meeting on May 12 and gave the final conclusion of anti-dumping duty expiry review on butyl glycol ether from the U.S. and France. At the meeting, Chairperson Chang Seung-wha announced the Commission’s decision t...

2022-05-13

Korea's ICT exports hit all-time highs in April, expanding 16.9%

The Ministry of Trade, Industry and Energy announced on May 12 that Korea’s exports of information and communications technology (ICT) products in April advanced 16.9 percent to USD 19.9 billion, hitting record highs in both monthly and accumulated value. Imports expanded 12.4 percent to $12.1 billion, and the trade balance stood at a surplus...

2022-05-13

Trade Minister discusses investment with Thermo Fisher Scientific for global vaccine hub

Trade Minister Yeo held a videoconference on May 9 with Thermo Fisher Scientific, a U.S. supplier of scientific instrumentation, consumables, and software services, to discuss investment prospects of establishing a life science materials production plant in Korea amid the company’s plans to expand its vaccine materials infrastructure. Thermo ...

2022-05-11

Trade Minister attends Trade Ministers’ Meeting to discuss Ukraine support

Trade Minister attends Trade Ministers’ Meeting to discuss Ukraine support

Trade Minister Yeo attended the virtual Trade Ministers’ Meeting convened by UK Secretary of State for International Trade Anne Marie Trevelyan on May 4 to discuss support for the people and economy of Ukraine. With various other major countries’ trade leaders, Minister Yeo relayed Korea’s efforts in step with the internati...

2022-05-06

Trade Minister attends Trade Ministers’ Meeting to discuss Ukraine support

Trade Minister Yeo Han-koo attended the virtual Trade Ministers’ Meeting convened by the UK Secretary of State for International Trade Anne Marie Trevelyan on May 4 to discuss support for the people and economy of Ukraine. This meeting was held to strengthen solidarity and cooperation of the international community with respect to economic re...

2022-05-06

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