Ministry of Trade, Industry and Energy
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MOTIE to foster middle-market enterprises through lighthouse project
The Ministry of Trade, Industry and Energy held a policy meeting on February 24, and announced a lighthouse project to foster 100 middle-market enterprises and encourage them to expand to new businesses, markets, and systems. The Ministry will provide support for investments in new businesses areas such as future cars, next generation displays, and...
Industry Ministry designates materials, parts and equipment specialized complexes
Trade, Industry and Energy Minister Sung Yunmo attended the designation ceremony for five specialized complexes for materials, parts and equipment on February 23, in the government’s efforts to strengthen domestic industries’ competitiveness amid challenges to global supply chains. The five industrial complexes specialized in semiconduc...
Minister Sung holds Energy Committee meeting to discuss energy policy
Trade, Industry and Energy Minister Sung Yunmo held the 22nd Energy Committee meeting with government officials and civilian experts on February 22, and discussed the direction of the 2021 energy policy. This year, the government plans to lay the foundation for the realization of the 2050 carbon neutrality goal, and implement policies to expand ren...
Minister Sung visits site of green car innovation
Trade, Industry and Energy Minister Sung Yunmo (third from the left) visited the Hyundai Kia Namyang Technology Research Center in Hwaseong, Gyeonggi Province, on February 18, to encourage leading innovators in the green car industry after discussing with government and industry representatives the fourth basic plan for eco-friendly vehicles.  ...
Trade Minister Yoo attends forum to discuss trade strategy on environmental issues
Trade Minister Yoo Myung-hee met with trade experts from industry and academia at a forum held at the Korea International Trade Association (KITA) on February 17, to discuss trade strategies amid rising concerns about climate change.Trade Minister Yoo mentioned that the multilateral trading system centered on the WTO should play a more active role ...
Minister Sung meets with system semiconductor industry representatives
Trade, Industry and Energy Minister Sung Yunmo attended the launching ceremony for the Semiconductor IP (Intellectual Property) Utilization Support Program and met with system semiconductor industry representatives to discuss future policy directions on February 16. Under the Support Program, Korea’s fabless companies will have access ...
Korea's automobile industry posts double-digit growth in output, domestic sales, and exports in January
The Ministry of Trade, Industry and Energy announced on February 15 that Korea’s automobile output, domestic sales, and exports in January all experienced double-digit increases and went up 24.9 percent, 18.4 percent, and 29.5 percent, respectively. Total automobile output in January by Korean automakers climbed up 24.9 percent to 314,190 uni...
Vice Minister Park encourages petrochemical industry’s commitment to go carbon neutral
Trade, Industry and Energy Vice Minister Park Jin-kyu (second from the left) made a visit to the research site for thermal degradation of waste plastics at SK Institute of Technology Innovation in Daejeon, on February 9, and attended the launching ceremony for the petrochemical industry’s committee on the zero-carbon goal. Vice Ministe...
Trade Minister visits logistics site ahead of Lunar New Year holidays
Trade Minister Yoo Myung-hee made an on-site visit to Uiwang Inland Container Depot in Uiwang, Gyeonggi Province, on February 8, to encourage logistics workers ahead of the Lunar New Year holidays. Trade Minister Yoo mentioned that the government will expand and reform the Import-Export Logistics Response Center and put together policy effor...
Exports of Korean ICT goods grow 21.7% to $16.3 billion in January
The Ministry of Trade, Industry and Energy announced on February 10 that Korean exports of information and communications technology (ICT) goods in January expanded 21.7 percent to USD 16.3 billion, the second highest export value for the month of January. Imports of ICT products grew 21.7 percent to $10.7 billion, and the trade balance stood at a ...