Ministry of Trade, Industry and Energy

MOTIE holds supply chain strategy meeting

Trade, Industry and Energy Minister Bang Moon Kyu chaired the Industrial Supply Chain Strategy Meeting on December 13 at POSCO Future M, the sole producer of natural graphite anodes in Korea, where the Ministry of Trade, Industry and Energy (MOTIE) presented the Industrial Supply Chain Strategy for reducing the import dependence of critical supply chain items on the occasion of enforcing the special act for stabilizing MPE (materials, parts, equipment) industries and supply chains. date2023-12-14

Minister Bang discusses Korea's chip industry future with young business leaders

Trade, Industry and Energy Minister Bang Moon Kyu visited the Samsung Electronics Pyeongtaek Campus on December 14 to chair a conference discussing industry issues and challenges with young business leaders and inspected the semiconductor production facilities. The conference was attended by representatives of Samsung Electronics, FRD, GigaLane, OPENEDGES Technology, Mobilint, Rebellions and other fabless semiconductor companies and MPE (materials, parts, equipment) businesses leading the expa date2023-12-14

Korea and Netherlands to bolster supply chain cooperation on key items

The Ministry of Trade, Industry and Energy (MOTIE) signed a memorandum of understanding (MOU) for supply chain cooperation on key items with the Netherlands on the occasion of President Yoon Suk Yeol’s state visit through December 11-14. The two countries plan to launch monitoring collaboration for joint response to the realignment of global supply chains concerning semiconductors and other advanced industries, for which a key item supply chain dialogue channel will be installed at the d date2023-12-14

MOTIE announces supply chain strategy to halve critical items' import dependence by 2030

Trade, Industry and Energy Minister Bang Moon Kyu chaired the Industrial Supply Chain Strategy Meeting on December 13 at POSCO Future M, the sole producer of natural graphite anodes in Korea, where the Ministry of Trade, Industry and Energy (MOTIE) presented the Industrial Supply Chain Strategy for reducing the import dependence of critical supply chain items on the occasion of enforcing the special act for stabilizing MPE (materials, parts, equipment) industries and supply chains. Considering date2023-12-13

Korea bolsters chip cooperation with the Netherlands during state visit

Minister for Trade Dukgeun Ahn visited ASML Headquarters located in Veldhoven, Netherlands, on December 12 on the occasion of President Yoon Suk Yeol's state visit to attend the Korea-Netherlands Semiconductor Business Conference where both countries’ major chip companies’ representatives attended. At the event, the trade chief signed the memorandum of understanding (MOU) on the establishment of the Korea-Netherlands Advanced Semiconductor Academy with Geoffrey van Leeuwen (VVD), the date2023-12-13

Korea to boost critical minerals supply chain and used battery industry

The Korean government announced during the Emergency Economic Ministerial Meeting held on December 13 measures for strengthening the industrial competitiveness of Korea’s secondary batteries over their entire life cycle. The measures aim to help maintain the global competitiveness of Korea's secondary battery industry as competition is intensifying with major countries’ efforts to secure the secondary battery supply chain, such as measures like the U.S.’ inflation reduction act date2023-12-13

Digital trade experts from Korea, China and Japan discuss digital trade policies and major issues

Trade, Industry and Energy Deputy Trade Minister Yang Byeong-nae attended the International Seminar on Digital Trade on December 8 at Korea University, held to seek measures for the development of digital trade rules with a focus on the Northeast Asian region, where there are countries strongly competitive in information and communications technology (ICT) and also closely tied to Korea in terms of geopolitics and trade. Hosted by the International Economic Law Association of Korea, organized date2023-12-08

Korea and Vietnam to push critical minerals supply chain cooperation in earnest

Trade, Industry and Energy Minister Bang Moon Kyu met with Vietnam’s Industry and Trade Minister Nguyen Hong Dien on December 7 at the Shilla Seoul to hold the 13th Korea-Vietnam Industrial Joint Committee and 7th Korea-Vietnam FTA Joint Committee meetings, where they discussed measures for stronger economic cooperation. During the Industrial Joint Committee meeting, the two leaders agreed to push forward the establishment of a critical minerals supply chain center and cooperati date2023-12-07

Vice Minister attends Bio MPE Global Supply Chain Conference

Trade, Industry and Energy Vice Minister Youngjin Jang attended the Bio MPE Global Supply Chain Conference on December 7 at the Westin Josun Seoul. Prior to the conference, Vice Minister Jang attended the ceremony for the signing of an MOU for stimulating investment in global R&D among bio MPE (materials, parts, equipment) suppliers, buyers and global corporations. At the conference that followed, Vice Minister gave an opening address and reviewed Korea’s bio MPE investment conditions date2023-12-07

Korea to enhance standards cooperation with Germany and Czech Republic

Jin Jong-wook, President of the Korean Agency for Technology and Standards (KATS) under the Ministry of Trade, Industry and Energy (MOTIE), attended the Korea-Germany Standards Cooperation Forum on December 7 at the Maritim Hotel Frankfurt in Germany, together with the heads of the German Institute for Standardization (DIN) and the German Commission for Electrotechnical, Electronic & Information Technologies of DIN and VDE (DKE) as part of follow-up measures to the Korea-Germany summit held date2023-12-07