Ministry of Trade, Industry and Energy

Korea enhances standards partnership with ASEAN for effective Korea-ASEAN Solidarity Initiative execution

With aim to successfully execute the “Korea-ASEAN Solidarity Initiative” from last year's Korea-ASEAN Summit, Korea will be strengthening its standards collaboration with ASEAN, its second-largest trade partner and the world's fifth-largest economic entity. The Korean Agency for Technology and Standards (KATS), under the Ministry of Trade, Industry and Energy (MOTIE), hosted a joint research workshop for improving standards cooperation between Korea and ASEAN on November 13. This ev date2023-11-14

Minister Bang visits Korea Sale Festa 2023

Trade, Industry and Energy Minister Bang Moon Kyu visited the Lotte Department Store in Jamsil on November 12, the first weekend of Korea Sale Festa 2023, to tour the retail stores where various discount promotion events are held and participated in a live show on autumn and winter fashion styling tips. He also asked the retail industry to make efforts for price stabilization and encouraged consumer spending. date2023-11-13

Vice Minister attends Korea Sale Festa 2023 opening ceremony

Trade, Industry and Energy Vice Minister Youngjin Jang attended the opening ceremony for Korea Sale Festa 2023 on November 10 in front of Myeongdong Theater and gave a congratulatory message and visited retail stores.   In his congratulatory message, the vice minister said that he looked forward to seeing the Festa providing the public with the opportunity to make thrifty purchases on food and household goods through a variety of discounts and promotions over the next 20 days amid the hig date2023-11-13

Korea's major retailers come together to launch Korea Sale Festa 2023

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 10 the launching of the “Korea Sale Festa 2023 (“Festa”) to be held through November 11-30, where Korea’s major retailers and manufacturers come together with the Government to boost the domestic economy by aiming for a rebound of the currently weak consumer confidence amid inflation and other difficult conditions. The Festa Committee and MOTIE have selected former national volleyball team member an date2023-11-13

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