Ministry of Trade, Industry and Energy

MOTIE and MOEF co-host MDB Project Plaza 2023

The Ministry of Trade, Industry and Energy (MOTIE) and the Ministry of Economy and Finance (MOEF) are co-hosting Multilateral Development Bank (MDB) Project Plaza 2023 from November 28-29 at the JW Marriott Seoul. MDB Project Plaza is an event for promoting Korean firms to MDBs and other countries’ project clients to support Korean firms’ bid winning in the MDB procurement market estimated around USD 40 billion as of 2022. During the MDB Project Forum held on the first day of MDB P date2023-11-28

Korea's retail industry grows 6.4% in October

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 28 that Korea’s retail sales for October gained an overall growth of 6.4 percent year-on-year. Offline sales posted a slower 0.5 percent growth as more and more purchases of daily necessities are shifting to online, and sales of hypermarkets and department stores decreased. Online sales jumped 12.6 percent as bulk economy-size purchases grew and items related to outdoor autumn season activities and travel packages a date2023-11-28

"Korea One Team" making final pitch for World Expo 2030 Busan

Prime Minister Han Duck-soo is leading Korea’s last efforts for making the final pitch for World Expo 2030 Busan with only hours remaining until the vote is held to select the winner of the bid to host World Expo 2030. Composed of high-level government officials, Korea Chamber of Commerce and Industry (KCCI) Chairman Chey Tae-won and other major business magnates, the Korean delegation (“Korea One Team”) in Paris will be putting in the utmost effort for promoting Busan as the date2023-11-28

Korean delegation departs to Paris for final vote on World Expo 2030 host winner

The Korean delegation for the 173rd General Assembly of the Bureau International des Expositions (BIE), led by Prime Minister Han Duck-soo, departed for Paris on November 26 to participate in the final election of the winner to host World Expo 2030. Trade, Industry and Energy Minister Bang Moon Kyu, Foreign Affairs Vice Minister Oh Youngju, and the Prime Minister’s Chief of Staff Park Seung-keun are accompanying the Prime Minister. During the 173rd BIE General Assembly on November 28, th date2023-11-27

MOTIE and UK's Department for Science, Innovation and Technology enter MOU

Minister Bang Moon Kyu attended the MOU signing ceremony on November 22 in London with UK’s Secretary of State for Science, Innovation and Technology Michelle Donelan for bilateral cooperation in the semiconductor industry between MOTIE and the UK’s Department for Science, Innovation and Technology. date2023-11-25

Korea and Germany seek measures for digital health technology collaboration

The Ministry of Trade, Industry and Energy (MOTIE) and the German Embassy in Korea jointly held the Korea-Germany Digital Health Tech Forum 2023 on November 22 at the Sofitel Ambassador Hotel Seoul to strengthen Korea-Germany digital health technology exchange and facilitate their networking for international cooperation. Launched in 2020 to promote exchange in the two countries’ digital health R&D, the Digital Health Tech Forum held this year was attended by representatives and exper date2023-11-23

MOTIE and NIS hold joint Industrial Security Conference 2023 for Industrial Technology Protection Day

The Ministry of Trade, Industry and Energy (MOTIE) and the National Intelligence Service (NIS) jointly held the 13th Industrial Technology Protection Day commemoration ceremony and Industrial Security Conference 2023 on November 22 at Grand InterContinental Seoul Parnas, attended by over 600 industrial security experts from Korea and abroad. At the event, interim outcomes on four joint project tasks between the government and private sector were shared. These include the usage guide for n date2023-11-23

Korea and Stanford enter MOU for cooperation in advanced industries & youth exchange

Trade, Industry and Energy Minister Bang Moon Kyu met with Stanford University President Richard Saller and other professors in the field of bio and robotics, on November 17 at Stanford University for the signing of a memorandum of understanding (MOU) on cooperation for youth exchange between the Korea Institute for Advancement of Technology (KIAT) and the Institute of International Education (IIE), and another for collaboration in advanced industries between KIAT and Stanford. date2023-11-20

Korea and U.S. hold joint R&D conference in advanced industries

Minister for Trade Dukgeun Ahn attended the Korea-U.S. Advanced Industries Joint R&D Conference on November 16 at the National Bioskills Laboratories in San Francisco to discuss measures for strengthening bilateral technology cooperation and uncovering joint R&D projects. The trade chief attended the memorandum of understanding (MOU) signing ceremony between Korean and U.S. advanced industries’ institutions and presented strategies for Korea-U.S. advanced industrial technology col date2023-11-20

Minister Bang discusses R&D cooperation with Boeing’s Senior Vice President

Trade, Industry and Energy Minister Bang Moon Kyu met with Boeing’s Senior Vice President Stephen E. Biegun on November 14 in San Francisco to discuss wider cooperation in R&D and supply chain. date2023-11-20