Ministry of Trade, Industry and Energy

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

Outdoor mobile robots now permitted for business use

The Ministry of Trade, Industry and Energy (MOTIE) and the National Police Agency announced on November 16 that following the implementation of the revised Intelligent Robots Act starting November 17, it is now permissible to engage in new business activities like delivery and patrolling services utilizing outdoor mobile robots. Until now, outdoor mobile robots were prohibited from operating on sidewalks. However, this has changed with the recent amendments and implementations of the Intelligen date2023-11-17

Korean and U.S. institutions join hands for technology cooperation in advanced industries

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 on the occasion of attending the Asia-Pacific Economic Cooperation (APEC) summit meetings, and discussed measures for expanding the scope of Korea-U.S. cooperation in advanced technologies. During the meeting, Minister Bang laid out three measures he plans to carry out next year: drastically increase support for internation date2023-11-17

Korea's auto exports for Jan-Oct surpass last year's record

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 15 that Korea’s accumulated automobile export value from January through October nears USD 58 billion, already surpassing the annual export value of last year ($54.1 billion), a previous all-time high, and also exceeding the $57 billion that was set (announced May 23) as this year’s total automobile export target. The monthly automobile export value has been on a growth streak for 16 consecutive months since Ju date2023-11-16

Korea's ICT exports fall 4.5% in October

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 14 that Korea's exports and imports of information and communications technology (ICT) goods for October recorded USD 17.1 billion (down 4.5 percent year-on-year) and $12.6 billion (down 8.3 percent), respectively. The trade balance stood at a surplus of $4.4 billion. The ICT export decline rate recorded the lowest year-on-year as the unit price of memory chips rose and their export value posted growth for the first time i date2023-11-16

MOTIE announces K-Shipbuilding Strategy for Next-Generation Market Dominance

The Ministry of Trade, Industry and Energy (MOTIE) announced the “K-Shipbuilding Strategy for Next-Generation Market Dominance” on November 15 at the emergency economy ministerial meeting and the exports and investment promotion meeting. The strategy aims to reflect on-site opinions and preemptively respond to internal and external challenges for Korea to take the lead in the next-generation shipbuilding market through a public-private joint strategy on creating future grow date2023-11-15