Ministry of Trade, Industry and Energy

Korea to seek measures for nurturing local high-tech industries

The Republic of Korea’s Trade, Industry and Energy Vice Minister Youngjin Jang visited Entegris Korea, an MPE (materials, parts, equipment) manufacturer, on August 29 in Wonju in Gangwon Province and attended the Gangwon High-Tech Development Strategy Forum 2023 to discuss measures for Gangwon Province to contribute to nurturing advanced industries, such as semiconductors, bio and future mobility. Entegris Korea is a company specializing in semiconductor MPEs, including specialty gases, v date2023-08-29

Korea launches Global Star Fabless Project

The Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) held the Global Star Fabless Project launching ceremony on August 28 at the Gyeonggi Business Growth Center. One of the two major pillars of the chip industry along with foundries, the semiconductor design sector’s need for highly skilled technology and know-how serves to heighten its market barrier, with 90 percent of the global market shared by the world’s top 30 companies as of 2022. Accordingly, the Ko date2023-08-29

Trade Minister visits reshoring chip equipment manufacturer

Minister for Trade Dukgeun Ahn visited on August 17 the semiconductor equipment manufacturer (CVD SiC Focus Ring) KNJ, located in Asan-si, to discuss the company’s reshoring and recent management situation as well as Government support measures.   Trade Minister Ahn stated that “reshoring of firms playing major roles in the high-tech supply chain contributes greatly to not only investment, employment and exports but also to supply chain stability,” and added that “ date2023-08-21

MOTIE holds Industrial Technology R&D Strategy Meeting

The Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) Vice Minister Youngjin Jang chaired the Industrial Technology R&D Strategy Meeting on August 17 at the Korea Chamber of Commerce and Industry (KCCI) and led discussions on the direction of investment and improvement of industrial technology R&D for 2024, as well as measures to expand the scope of international joint R&D projects.   The meeting was attended by representatives from relevant institutes, date2023-08-21

Korea to push R&D projects to secure cutting-edge technologies

The Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) Vice Minister Youngjin Jang chaired the Industrial Technology R&D Strategy Meeting on August 17 at the Korea Chamber of Commerce and Industry (KCCI) and led discussions on the direction of investment and improvement of industrial technology R&D for 2024, as well as measures to expand the scope of international joint R&D projects. The meeting was attended by representatives from relevant institutes, includin date2023-08-21

Minister Lee chairs meeting to review World Expo 2030 Busan preparations

The Republic of Korea’s Trade, Industry and Energy Minister Chang-Yang Lee held a meeting on August 17 in Seoul to assess the situation for the World Expo 2030 Busan and reviewed the preparation progress and upcoming schedule with relevant ministries and organizations.   With approximately 100 days left until the date of final announcement of the Expo host city, meeting attendees discussed various issues, including overseas marketing, Bureau International des Expositions (BIE) sched date2023-08-18

Korea reviews preparations for World Expo 2030 Busan

The Republic of Korea’s Trade, Industry and Energy Minister Chang-Yang Lee held a meeting on August 17 in Seoul to assess the situation for the World Expo 2030 Busan and reviewed the preparation progress and upcoming schedule with relevant ministries and organizations. With approximately 100 days left until the date of final announcement of the Expo host city, meeting attendees discussed various issues, including overseas marketing, Bureau International des Expositions (BIE) schedule, com date2023-08-17

Korea seeks future growth engines in power semiconductors & battery complexes

The Republic of Korea’s Trade, Industry and Energy Minister Chang-Yang Lee visited the power semiconductor materials, parts and equipment (MPE) specialized complex in Busan and the national high-tech strategic industrial complex for secondary batteries in Ulsan on August 16 to seek measures for their further development. The Busan complex is seeing KRW 800 billion worth of corporate investment deals pushing forward efforts to claim the bridgehead role in the compound power semiconductor m date2023-08-16

Korea and U.S. hold Standards Forum as part of forward-looking partnership

The Republic of Korea’s Korean Agency for Technology and Standards (KATS), under the Ministry of Trade, Industry and Energy (MOTIE), co-hosted the Korea-U.S. Standards Forum with the American National Standards Institute (ANSI) on August 10 at Grand InterContinental Seoul, as follow-up to the two countries’ summit meeting with aim to establish a forward-looking standards partnership in the U.S.’ National Standards Strategy for Critical and Emerging Technology (NSSCET) date2023-08-14

Korea and Lao PDR push forward cooperation for green growth & GHG mitigation

The Republic of Korea’s Ministry of Trade, Industry and Energy and the Lao PDR's Natural Resources and Environment Ministry on August 8 discussed industrial and energy related greenhouse gases mitigation measures at the Korea Trade-Investment Promotion Agency (KOTRA) in Seoul. The meeting was attended by approximately 17 persons, including members of KOTRA, Korea Energy Agency (KEA) as well as officials from the Lao PDR’s Ministry of Industry and Commerce, Ministry of Agriculture and Forestry and the Ministry of Public Works and Transport. The meeting was held to strengthen the Korea-Lao greenhouse gas (GHG) mitigation partnership amid the Lao PDR’s efforts to push green growth policies and encourage sustainable power development measures. The Korean delegation proposed that the two countries sign cooperation memorandums of understanding (MOUs) and further their partnership to pursue pilot projects and secure strategic areas of cooperation. The Lao delegation agreed that GHG mitigation is necessary for expanding forward-looking bilateral cooperation, and requested Korea’s assistance in reinforcing its GHG mitigation system and capacity. Korea’s Ministry of Trade, Industry and Energy (MOTIE) plans to hold the Global Net Zero Connection event in Busan in November with aim to seriously push forward Korea’s efforts for GHG mitigation. date2023-08-08