Ministry of Trade, Industry and Energy

"AI" and "autonomous manufacturing" rise as keywords in discussing Korea's future of manufacturing

The Ministry of Trade, Industry and Energy (MOTIE) hosted the “Artificial Intelligence (AI) and Autonomous Manufacturing Innovation Strategy Forum” on December 21 at the Korea Chamber of Commerce and Industry (KCCI) in Seoul, attended by approximately 150 industry experts. Autonomous manufacturing, dubbed the “future of manufacturing”, refers to the future productivity environment based on the utilization of AI-based robotics and manufacturing facilities and equipment ac date2023-12-21

Minister stresses importance of amending laws and sentencing guidelines in preventing tech leaks

Trade, Industry and Energy Minister Bang Moon Kyu chaired the 47th Industrial Technology Protection Committee meeting on December 20 and highlighted that for the protection of industrial technology, it is important to impose strict punishment on those that commit technology leak crimes, and that it is necessary that the industrial technology protection laws be swiftly amended and sentencing guidelines be adjusted to better reflect reality. The meeting was this year’s seventh and last Comm date2023-12-21

MOTIE announces outcome of KNCP's arbitration procedures between Chanel Korea's labor union and management

The Ministry of Trade, Industry and Energy (MOTIE) held the Korean National Contact Point (KNCP) Committee meeting on December 19 and announced the adoption of the final statement issued over the complaint filed by the Chanel Korea labor union against its management in accordance with the OECD Guidelines for Multinational Enterprises, and closed the case. Chanel Korea’s labor union filed a complaint to KNCP on December 10 for the management’s alleged failure to take adequate measure date2023-12-20

Korea to push forward transition to clean hydrogen ecosystem

The Korean government held the sixth Hydrogen Economy Committee meeting on December 18 at the Lotte Hotel Seoul, chaired by Prime Minister Han Duck-soo, to announce major policies for accelerating the transition to a clean hydrogen ecosystem and nurturing the hydrogen industry. During the meeting, attendees discussed four main policy agendas: clean hydrogen certification system management measures, strategy for nurturing the hydrogen industry’s MPE (materials, parts, equipment) sectors, m date2023-12-20

Vice Minister meets with French Minister for Foreign Trade, Attractiveness and French Nationals Abroad

Trade, Industry and Energy Vice Minister Youngjin Jang met Olivier Becht, the French Minister for Foreign Trade, Attractiveness and French Nationals Abroad, on December 19 in Seoul to request cooperation in trade issues, including France’s electric vehicle (EV) subsidies, and discussed measures for expanding industrial cooperation in aerospace, R&D and carbon-free energy, such as nuclear power. date2023-12-20

Korea and China hold 1st supply chain hotline meeting

The Ministry of Trade, Industry and Energy (MOTIE) and China’s Ministry of Commerce held the first supply chain hotline meeting and the fourth working-level meeting on the Korea-China industrial cooperation complex on December 18 in Seoul. The meetings were held to push close supply chain cooperation between the two countries through the invigoration of the supply chain hotline as agreed during the commerce ministers’ talks in San Francisco this November and during the fifth Korea-Ch date2023-12-19

MOTIE holds advanced robotics industrial strategy meeting

Trade, Industry and Energy Minister Bang Moon Kyu chaired the Advanced Robotics Industrial Strategy Meeting on December 14 at Mando NEXT M in Pangyo and presented the “Advanced Robotics Industry Vision and Strategy” that aims to heighten the industry’s productivity, respond to demographic changes and nurture the robotics industry into the nation’s new growth engine. Prior to the meeting, he visited the robotics development R&D center for a trial demonstration and also date2023-12-15

MOTIE announces vision and strategy for advanced robotics industry as new growth engine

Trade, Industry and Energy Minister Bang Moon Kyu chaired the Advanced Robotics Industrial Strategy Meeting on December 14 at Mando NEXT M in Pangyo and presented the “Advanced Robotics Industry Vision and Strategy” that aims to heighten the industry’s productivity, respond to demographic changes and nurture the robotics industry into the nation’s new growth engine. For the advanced robotics industry, the scope of downstream industries is not limited to traditional manuf date2023-12-15

Korea's accumulated auto exports hit record-breaking $64.5 bln in November

The Ministry of Trade, Industry and Energy (MOTIE) announced on December 14 that Korea’s automobile export value for January-November this year in accumulation reached a record-breaking USD 64.5 billion, and the annual automobile export value for 2023 is anticipated to surpass $70 billion for the first time in auto export history. November export value for automobiles also recorded a monthly all-time high of $6.53 billion, surpassing the previous all-time high of $6.50 billion in March th date2023-12-15

Korea's ICT exports grow 7.6% in November

The Ministry of Trade, Industry and Energy (MOTIE) announced on December 14 that Korea's exports and imports of information and communications technology (ICT) goods for November recorded USD 17.9 billion (up 7.6 percent year-on-year) and $11.4 billion (down 10.9 percent), respectively. The trade balance stood at a surplus of $6.4 billion. ICT exports snapped the losing streak after 17 months of decline as semiconductor exports posted growth for the first time in 16 months. By item, semiconduc date2023-12-15