Ministry of Trade, Industry and Energy

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

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