Ministry of Trade, Industry and Energy

Korea and EU hold 1st Industrial Supply Chain Policy Dialogue meeting

Trade, Industry and Energy Vice Minister Youngjin Jang and Kerstin Jorna, Director General of the European Commission’s Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW), held the first Korea-EU Industrial Supply Chain Policy Dialogue meeting on December 5 via videoconferencing, as follow-up to the agreement made in May on the occasion of the Korea-EU summit to expand the Korea-EU Industrial Policy Dialogue, launched in 2013, to cover cooperation in the date2023-12-05

Vice Minister attends Critical Mineral Recycling Forum 2023

Trade, Industry and Energy Vice Minister Kang Kyungsung attended the Critical Mineral Recycling Forum 2023 on November 28 in Seoul and awarded MOTIE’s government commendations to those who contributed to the development of Korea's critical minerals recycling industry. The event was attended by many representatives of institutions from industry, academia, and research, including KOMIR President Hwang Kyu-yearn, and others from the Korea Institute of Geoscience and Mineral Resources, Korea date2023-12-01

Government and industry join hands for securing graphite supply chain stability

Industrial Policy Director General Lee Seung-ryeol at the Ministry of Trade, Industry and Energy (MOTIE) chaired the public-private joint graphite supply chain inspection meeting on November 30 at the Korea Chamber of Commerce and Industry (KCCI), where the Government and industry representatives agreed to work closely together in responding to China’s control measures that will take effect on December 1. The meeting was attended by representatives of the Ministry of Economy and Finance ( date2023-11-30

Korea to launch Connected Mobility Alliance for hyperconnected mobility technological convergence

The Ministry of Trade, Industry and Energy (MOTIE) held a general meeting of the public-private Connected Mobility Alliance on November 30 at the Songdo Convensia for nurturing an ecosystem for the connected mobility industry. Approximately 250 representatives of industry, academia and research areas in automobile, self-driving, semiconductor, communications and software gathered at the event to seriously push forward cooperative efforts across differing sectors, such as automobiles and inform date2023-11-30

Korea to initiate support for advancement of the critical minerals recycling sector

The Korean government plans to actively foster the recycling industry for extracting critical minerals from waste materials, including discarded electric vehicles and batteries, to ensure the stability of Korea’s supply chain in view of its considerable dependence on imports for most critical minerals. Held in Seoul, Critical Mineral Recycling Forum 2023 was sponsored by the Ministry of Trade, Industry and Energy (MOTIE) and organized by Korea Mine Rehabilitation and Mineral Resources Cor date2023-11-29

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