Ministry of Trade, Industry and Energy

Vice Minister attends completion ceremony of Korea's first neodymium REPM plant

Trade, Industry and Energy Vice Minister Youngjin Jang attended on October 27 the completion ceremony of Sunglim Advanced Industrial’s Hyunpoong Plant in Daegu, Korea’s very first producer of neodymium-based rare earth permanent magnets (REPMs), which are core components of EV motors.   The ceremony was attended by representatives of relevant companies and organizations, including Daegu City Executive Mayor Kim Jong-han, Korea Automotive Technology Institute (KATECH) President date2023-10-31

Korea and Qatar expand scope of collaboration to self-driving, smart farm and healthcare

Trade, Industry and Energy Minister Bang Moon Kyu and Qatar’s Commerce and Industry Minister Mohammed bin Hamad bin Qassim Al Abdullah Al Thani attended the Korea-Qatar Business Forum on October 25 in Qatar, held by the Korea Chamber of Commerce and Industry and the Qatar Chamber of Commerce and Industry, where a total of 10 memorandums of understanding (MOUs) were signed between the two countries. In energy, Samsung C&T and the Qatar Free Economic Zone Authority entered a total of tw date2023-10-30

Korea and Vietnam discuss economic collaboration & advancing carbon free initiatives  

  Trade, Industry and Energy Vice Minister Youngjin Jang held a meeting on October 17 in Seoul with Tran Tuan Anh, head of the Vietnamese Communist Party Central Committee's Economic Commission, and discussed implementation measures following the Korea-Vietnam summit. Since the state visit to Vietnam in June, there has been active high-level dialogues between the two countries aimed at bolstering economic cooperation. Some of the issues discussed include enhancing bilateral trade and date2023-10-27

Korea, China, Japan & Vietnam to strengthen digital materials development cooperation

The Ministry of Trade, Industry and Energy (MOTIE) held the Asian Materials Data Symposium 2023 at the Interburgo Hotel Daegu through October 25-26, and pushed materials data cooperation with major institutions of the U.S., China, Japan, Vietnam, Taiwan and Germany. The U.S., Japan and China are among a number of countries that have been preemptively developing digital materials through data accumulation, and their respective presenters spoke on major success cases at the symposium. Meanwhile, date2023-10-27

Trade Minister discusses cooperation with Kazakhstan's Industry Deputy Minister

Minister for Trade Dukgeun Ahn held talks with Kazakhstan’s Industry and Infrastructure Development Deputy Minister Ilyas Ospanov on October 23 in Kazakhstan on measures for cooperation in nuclear energy, power plants, critical minerals, automobiles, electronics, official development assistance (ODA) and digital. date2023-10-27

Vice Minister discusses industrial security with U.S. Under Secretary of Commerce

Trade, Industry and Energy Vice Minister Youngjin Jang met with Alan F. Estevez, U.S. Under Secretary of Commerce for Industry and Security, on October 24, in Seoul to discuss semiconductor export control, sanctions against Russia, multilateral export controls and other bilateral trade issues. date2023-10-26

MOTIE and U.S. Bureau of Industry & Security discuss industrial security cooperation

Trade, Industry and Energy Vice Minister Youngjin Jang met with Alan F. Estevez, U.S. Under Secretary of Commerce for Industry and Security, on October 24 in Seoul to discuss semiconductor export control, sanctions against Russia, multilateral export controls and other bilateral trade issues. Vice Minister Jang assessed that Korean companies’ investment and management uncertainties of operating in China have been mitigated by the U.S.’ designation of Samsung Electronics’ and S date2023-10-26

Vice Minister attends Carbon Korea 2023 opening ceremony

Trade, Industry and Energy Vice Minister Youngjin Jang attended the opening ceremony of Carbon Korea 2023 on October 24 at the aT Center in Seoul.   Vice Minister Jang awarded medals of honor for Government commendation to persons that contributed to the development of the carbon materials industry, attended the MOU signing ceremony between Korean and U.S. carbon composite materials certification for aircrafts and toured major exhibition booths.   The ceremony was attended by vario date2023-10-26

MOTIE hosts Carbon Korea 2023

Carbon Korea 2023, hosted by the Ministry of Trade, Industry and Energy (MOTIE) and co-organized by the Korea Carbon and Nano Industry Association and Korea Carbon Industry Promotion Agency, is being held through October 24-26 at the aT Center in Seoul. Now in its third year, Carbon Korea 2023 hosts various events under the theme of “Carbon Materials, Toward a Sustainable Future”, including exhibitions, conferences and an MOU signing ceremony between Korean and U.S. institutions. T date2023-10-26

Korea and Vietnam discuss summit follow-up measures

Trade, Industry and Energy Vice Minister Youngjin Jang held a meeting on October 17 in Seoul with Tran Tuan Anh, head of the Vietnamese Communist Party Central Committee's Economic Commission, and discussed follow-up measures to the Korea-Vietnam summit, including trade, investment, critical minerals supply chain and carbon neutrality. date2023-10-24