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Industry
Minister Ahn chairs discussions on regulatory innovation for green mobility
Trade, Industry and Energy Minister Dukgeun Ahn announced eco-friendly mobility regulatory innovation measures on January 30 at LG Science Park together with other relevant ministries and held a meeting to discuss the automotive industry’s major issues and strategic export measures. The meeting was attended by representatives of the industry’s relevant companies and institutions, including Korea Association of Autonomous Mobility Industry (KAAMI), Hyundai Motor, GM Korea and Renault date2024-01-30
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Industry
Korea aiming to enlarge future green mobility pie by removing "killer" regulations
The Ministry of Trade, Industry and Energy (MOTIE) announced the eco-friendly mobility regulatory innovation measures on January 30 at LG Science Park together with other relevant ministries and held a meeting to discuss the automotive industry’s major issues and strategic export measures. As technological breakthroughs like autonomous self-driving and AI, software and advanced automotive parts of future mobility are converging and the competition for global dominance is intensifying, the date2024-01-30
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Industry
Minister Ahn chairs Industry and Energy R&D Innovation Roundtable
Trade, Industry and Energy Minister Dukgeun Ahn chaired the Industry and Energy R&D Innovation Roundtable on January 18 at Samsung Seoul R&D Campus to discuss ways to raise the Government's R&D investment efficiency and to gain powerful outcomes, where he announced measures for strategic investment and innovation in industry and energy R&D. Minister Dukgeun Ahn stated that “MOTIE plans to concentrate the Government’s industry and energy R&D capacity on devel date2024-01-19
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Industry
MOTIE to push 4 major measures for industrial and energy R&D innovation
Trade, Industry and Energy Minister Dukgeun Ahn chaired the R&D Innovation Roundtable on January 18 at the Samsung Seoul R&D Campus and announced measures for innovation and strategic investment in industrial and energy R&D. After 20 separate meetings with approximately 500 researchers, the Ministry of Trade, Industry and Energy (MOTIE) has laid down four major measures for innovation. First, MOTIE will provide concentrated assistance for world-leading R&D projects that aim for date2024-01-19
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Industry
Middle-market enterprises respond with positive economic forecast for Q1 2024
The Ministry of Trade, Industry and Energy (MOTIE) announced on January 18 the results of the economic forecast survey on Korea's middle-market enterprises for the first quarter (Q1) of 2024. MOTIE conducts the survey on a quarterly basis on approximately 800 middle-market companies. The survey revealed that six major indices, namely overall economy (up 3.2 percentage points to 92.7), exports (up 3.5 percentage points to 97.6), domestic demand (up 0.2 percentage points to 90.5), operating profi date2024-01-18
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Industry
Korea and France seek measures for cooperation in advanced technology areas
The Ministry of Trade, Industry and Energy (MOTIE) and the Ministry of Economics and Finance of France held the 8th Korea-France New Industries Technology Cooperation Forum (“Forum”) on January 17 in Paris and agreed to expand the scope of bilateral cooperation in advanced technology areas. The Forum is in its eighth year since launched in 2014 with aim to share the two countries’ joint R&D outcomes, uncover industry-academia joint projects and sound out potential global pa date2024-01-17
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Industry
Korea's ICT exports grow 8.1% in December
The Ministry of Trade, Industry and Energy (MOTIE) announced on January 16 that Korea's exports and imports of information and communications technology (ICT) goods for December 2023 recorded USD 18.3 billion (up 8.1 percent year-on-year) and $10.9 billion (down 7.2 percent), respectively. The trade balance stood at a surplus of $7.3 billion. Semiconductor exports, driven by the steep climb of memory chips (up 57.5 percent to $7.0 billion), posted double-digit growth for the second consecutive date2024-01-17
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Industry
Blueprint for robot industry development 2024-2028 is out
The Ministry of Trade, Industry and Energy (MOTIE) announced the finalized Fourth Intelligent Robot Basic Plan (2024-2028) through the Robot Industry Policy Deliberation Committee Meeting held on January 16 as part of implementing the advanced robot industry’s vision and strategy announced in December 2023, based on the Intelligent Robots Development and Distribution Promotion Act. The Basic Plan is to be established and enforced by MOTIE on a five-year basis. The global society today is date2024-01-16
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Industry
Korea's auto exports in 2023 surpass previous record by over 30%
The Ministry of Trade, Industry and Energy (MOTIE) announced on January 16 that the annual export value of automobiles hit a record-breaking USD 70.9 billion in 2023, surpassing the previous record of $54.1 billion in 2022 by over 30 percent. The achievement is attributed to the strategic expansion of the proportion of high value-added eco-friendly cars (up 51 percent year-on-year to $24.2 billion) in automotive exports in step with the global shift towards green and automation. The export unit date2024-01-16
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Industry
MOTIE & MSIT ministers give joint press briefing on chip mega cluster
Trade, Industry and Energy Minister Dukgeun Ahn held a public forum on measures for nurturing Korea’s chip mega cluster on January 15 with the Science and ICT Minister Lee Jong-ho under the theme of “Semiconductor Industry for Enriching Public Livelihood” at the Government Complex Seoul and gave a press briefing and held a Q&A session. date2024-01-16