Ministry of Trade, Industry and Energy

FTZ Innovation Strategy Forum lays out 30-year roadmap for Korea's free trade zones

The Ministry of Trade, Industry and Energy (MOTIE) held the first Free Trade Zone (FTZ) Innovation Strategy Forum on November 7, and discussed the strategic policy outlook for FTZs over the coming three decades with industry and regional experts, and business leaders. At the forum, a reassessment of the progress was made over the last 50 years, starting from the point when FTZs were first established. An interim report was also shared on the innovation strategy set to shape the development of F date2023-11-09

Korea's semiconductor assembly technology poised to set global standards

Korea is at the forefront of shaping global standards for electronic assembly technology, a crucial aspect of semiconductor product manufacturing. The Korea Agency for Technology and Standards (KATS) is hosting the International Electrotechnical Commission's Technical Committee (IEC/TC 91) meeting on electronic assembly technology for five days from November 6–10 on Jeju Island. This event brings together around 50 experts from nine member countries, including the U.S., Germany, Japan, and date2023-11-07

Next year to see the establishment of large-scale demonstration infrastructure to back K-robot initiatives

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 2 that a dedicated task force (TF) for the “National Robot Test Field” project will be operated in collaboration with Daegu Metropolitan City, the Korea Planning & Evaluation Institute of Industrial Technology (KEIT), and the Korea Institute for Robot Industry Advancement (KIRIA), following the successful prefeasibility study completed in August. The “National Robot Test Field” initiative is de date2023-11-06

Design Korea 2023 showcases 800 companies' works of K-design

Hosted by the Ministry of Trade, Industry and Energy (MOTIE) and organized by the Korea Institute of Design Promotion (KIDP), Design Korea 2023 is held through November 1-5 at COEX in Seoul this week. Launched in 2003 and now arriving at its 21st anniversary, Design Korea is one of Korea’s largest and most long-standing design events featuring approximately 2,000 products designed by 800 companies this year. Under the theme of “Designing for Better World: Dot, Line, Circle”, date2023-11-03

Industry, academia, and R&D experts come together at DXcon 2023

The Ministry of Trade, Industry and Energy (MOTIE) held the Industrial Digital Transformation Conference (DXcon) 2023 on November 1, where experts from industries, universities, and research institutes gathered to share achievements and explore future pathways in industrial digital transformation (DX). During the morning keynote speech and panel discussions, distinguished experts in digital transformation engaged in discussions under the theme of “The Present and Future Triggered by Indu date2023-11-03

Korea and U.S. discuss collaboration on additive manufacturing (3D printing)

The Ministry of Trade, Industry and Energy (MOTIE) the U.S. Department of Commerce (DOC) held the “Additive Manufacturing Industry Showcase” on October 31 for cooperation on additive manufacturing (3D printing). This event was orchestrated to foster mutual understanding and explore cooperative measures in the additive manufacturing sectors of both countries, following the Korea-U.S. Supply Chain Industrial Dialogue (SCCD) held last April. The SCCD is a communication channel between date2023-11-03

Rare earth permanent magnets for EV motors to be home grown

  Trade, Industry and Energy Vice Minister Youngjin Jang attended the completion ceremony of Sunglim Advanced Industrial’s Hyunpoong Plant on October 27. The plant will pioneer the first-ever domestic production of neodymium-based rare earth permanent magnets. The Hyunpoong Plant will be producing approximately 1,000 metric tons of rare earth permanent magnets on an annual basis (sufficient for app. 500,000 electric vehicles), which is expected to reduce reliance on other countries date2023-11-01

Korea's retail industry advances 9.5% in September

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 30 that Korea’s retail sales for September gained an overall growth of 9.5 percent year-on-year. Offline sales increased by 7.2 percent, as the Chuseok holidays boosted demand across all retail channels, with hypermarkets (up 10.0 percent) and “super supermarket (SSM)” operators (up 11.3 percent) at the helm. Online sales leaped 12.0 percent, with sales of food products (up 32.0 percent) growing on the ba date2023-11-01

Korea Eureka Day 2023 launched in Seoul

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 30 that the Korea Eureka Day 2023 is held through October 30-November 1 at the Lotte Hotel Seoul with the participation of approximately 100 persons from 12 countries, namely the UK, France, Germany, Switzerland, Spain, Canada, Turkey, Austria, Sweden, the Netherlands, Belgium and Poland. Eureka is the largest global research and development (R&D) platform, in which a total of 47 countries (41 European, six non-European date2023-10-31

Korea and Norway strengthen eco-friendly & marine plant networking

Trade, Industry and Energy Vice Minister Youngjin Jang attended the Norway Day 2023 on October 27 at Signiel Busan and encouraged the leaders of both countries’ shipbuilding and marine plant businesses and extended support for business networking. Cooperation in the shipbuilding and marine plant sector between the two countries is going strong, with Korea winning 61 percent of all shipbuilding orders placed by Norway in 2022. Held on the last day of the KORMARINE 2023 (Internationa date2023-10-31