Ministry of Trade, Industry and Energy

Korea and Japan hold 1st Green Steel Joint Seminar

The Ministry of Trade, Industry and Energy (MOTIE) announced on September 21 that Korea Iron & Steel Organization (KOSA) and the Japan Iron and Steel Federation (JISF) co-hosted the 1st Korea-Japan Green Steel Joint Seminar that day at InterContinental Seoul COEX. With approximately 130 participants from both countries’ governments, industries and expert fields, the seminar focused on deeper discussions on green steel to address the need for bilateral cooperation confirmed during the date2023-09-21

Korea's auto exports post double-digit growth for 14th consecutive month

  The Ministry of Trade, Industry and Energy (MOTIE) announced on September 19 that Korea’s automobile export value for August reached USD 5.3 billion (up 28.7 percent year-on-year), an all-time high for August monthly exports. The accumulated value of automobile exports from January to August in 2023 reached $46.8 billion (up 39.5 percent). From July of 2022 to August of 2023, car exports have posted double-digit growth in value year-on-year for 14 months straight. Strong growth in date2023-09-20

Vice Minister and Airbus DS CEO discuss measures to advance cooperation

The Ministry of Trade, Industry and Energy (MOTIE)’s Vice Minister Youngjin Jang met with Michael Schoellhorn, CEO of Airbus Defense & Space (Airbus DS), on September 13 in Seoul to discuss measures to expand cooperation between Korea and Airbus, including the establishment plan of the Airbus Korea International Technology Center (AKITC) in Korea, joint tech development for next-generation aircraft and low earth orbit small satellites. date2023-09-14

Vice Minister and Airbus DS CEO discuss measures to advance cooperation

The Ministry of Trade, Industry and Energy (MOTIE)’s Vice Minister Youngjin Jang met with Michael Schoellhorn, CEO of Airbus Defense & Space (Airbus DS), on September 13 in Seoul to exchange views on measures to expand cooperation between Korea and Airbus. Issues discussed include the establishment of the Airbus Korea International Technology Center (AKITC) in Korea, joint development of the technologies for the next-generation aircraft and low earth orbit small satellites. MOTIE also date2023-09-14

Thirty-plus K-Design companies to participate in Paris' Maison&Objet

The Ministry of Trade, Industry and Energy (MOTIE) announced on September 7 that it is operating a Design Korea booth at the trade fair 'Maison&Objet Paris 2023' from September 7-11 in France to promote K-design overseas and support Korean designers make their debut in the global market. Maison&Objet is the world’s largest trade fair for consumer goods and interior goods showcasing approximately 2,500 brands from 60 countries. This year, 33 Korean design firms will be exhibiting a date2023-09-07

Korea hosts International Biodegradable Plastics Conference 2023

The Ministry of Trade, Industry and Energy (MOTIE) and Incheon Metropolitan City are hosting the International Biodegradable Plastics Conference 2023 from September 6-7 at Songdo Convensia in Incheon. Amid rising concerns over plastic pollution in the international community, biodegradable plastics are gaining recognition as core items for achieving a circular economy, and other advanced countries are making efforts to nurture the biodegradable plastics industry and improve regulations. The la date2023-09-07

Korea launches Carbon Neutrality Grand Consortium

The Ministry of Trade, Industry and Energy (MOTIE) launched the Carbon Neutrality Grand Consortium on September 5, which aims to share across all industry sectors the outcomes of the KRW 41 billion carbon neutrality technology development project launched earlier this year. The Carbon Neutrality Grand Consortium is centered on the sub-consortiums of four sectors, namely steel petrochemicals, semiconductor/display and cement, including not only the firms participating in the carbon neutrality te date2023-09-06

Korea's retail sales grow 5.9% in July

The Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) announced on August 29 that Korea’s retail sales in July achieved an overall growth of 5.9 percent, year-on-year. Offline and online sales both expanded, by 3.9 percent and 8.1 percent, respectively, with July being the first summer holidays season since complete lifting of social distancing. MOTIE releases monthly retail sales figures based on surveys of 25 major retailers. Thirteen of them are brick-and-m date2023-08-30

Korea forms public-private cooperation system to secure high-tech chip packaging technology

The Republic of Korea’s Trade, Industry and Energy Ministry’s Industrial Policy Office Deputy Minister Joo Young-joon chaired a memorandum of understanding (MOU) signing ceremony for public-private joint semiconductor high-tech packaging technology development with a view to secure advanced packaging industrial competitiveness. Representatives of semiconductor buyer companies like Samsung Electronics, SK Hynix, outsourced semiconductor assembly and test (OSAT) companies and fabless date2023-08-30

Vice Minister attends Gangwon High-Tech Industry Development Strategy Forum 2023

Trade, Industry and Energy Vice Minister Youngjin Jang attended the Gangwon High-Tech Industry Development Strategy Forum 2023 on August 29 held at Interburgo Hotel Wonju to discuss measures for nurturing the province’s advanced industries, including semiconductors, bio and future mobility.   Gangwon Special Self-Governing Province Governor Kim Jin-tae, National Assembly members Park Jeongha and Song Ki-heon, and Wonju Mayor Won Kang-soo were among the approximately 200 attendees co date2023-08-30