Ministry of Trade, Industry and Energy

Korea and Poland sign 33 MOUs in advanced and manufacturing industries

The Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) announced on July 14 that it held the Korea-Poland Business Forum that day on the occasion of President Yoon Suk-yeol’s visit to Poland. Attended by 350 representatives of Korean and Polish economic organizations, large corporations, middle-market companies and small and medium-sized enterprises (SMEs), the forum was held to advance bilateral cooperation and obtain tangible outcomes in battery, high-tech industri date2023-07-17

1st Vice Minister chairs Semiconductor MPE Industry Conference

Trade, Industry and Energy 1st Vice Minister Jang Young-jin chaired the Semiconductor MPE (materials, parts, equipment) Industry Conference on July 7 at Dongjin Semichem in Gyeonggi-do to gather companies’ opinions on current challenges and to discuss on-site support measures.   The conference was attended by representatives of relevant firms and associations, including Dongjin Semichem CEO Lee Chun-hyuk, S-Tech Corp. CEO Lee Jong-rim and Korea Semiconductor Industry Association (KS date2023-07-12

Korea and Japan hold Industrial Cooperation Forum

The Ministry of Trade, Industry and Energy (MOTIE) of the Republic of Korea announced that the Federation of Korean Industries (FKI) and the Japan Business Federation (JBF) co-hosted the Korea-Japan Industrial Cooperation Forum on July 6 at the FKI Tower in Seoul. Approximately 70 government and business representatives of both countries attended the forum to discuss issues in manufacturing, finance and economy relating to various sectors. In his congratulatory message, MOTIE’s Minister date2023-07-11

Minister Lee attends Middle-Market Companies Job Expo 2023 opening ceremony

Trade, Industry and Energy Minister Lee Chang-yang attended the opening ceremony for the Middle-Market Companies Job Expo 2023 on July 3 at COEX in Seoul.   In his opening message, Minister Lee stated that “middle-market companies are the main source of quality jobs for the youth, so we look forward to their bold investments, creativity and innovation in this regard,” and added that “the Government will also increase support to expand middle-market companies' global comp date2023-07-10

Nano Korea 2023 showcases technologies for advanced industries

The Republic of Korea's Ministry of Trade, Industry, and Energy (MOTIE) and Ministry of Science and ICT (MSIT) jointly hosted Nano Korea 2023, a three-day event for networking and collaboration among nano-convergence companies and nanotechnologists at KINTEX from July 5-7. This year marks the 21st anniversary for Nano Korea, first held in 2003. The event, which includes an exhibition and a symposium, has become a collaboration platform for the development of the nano-convergence industry and te date2023-07-10

Korea and Greece enter MOU for joint tech development in green shipbuilding

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the ceremony of the signing of the memorandum of understanding (MOU) for Korea-Greece eco-friendly joint shipbuilding technology development at the Lotte Hotel Seoul on June 27.   In his opening message, the Vice Minister stated that Korean and Greek shipyard firms' collaboration in the development of a new business model is meaningful, and that “joint efforts will continue in not only eco-friendly shipbuildin date2023-07-04

Korea launches semiconductor ecosystem fund to nurture fabless & MPE firms

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the memorandum of understanding (MOU) signing ceremony for the launching of a semiconductor ecosystem fund on June 26.   Part of a policy to expand the scope of the currently memory-oriented domestic semiconductor value chain to encompass system chips and MPEs (materials, parts, equipment), this fund will reach KRW 300 billion, with increased project investment to better assist the scale-ups of promising fabless and MPE date2023-06-29

Korea launches semiconductor ecosystem fund to nurture fabless & MPE firms

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the memorandum of understanding (MOU) signing ceremony for the launching of a semiconductor ecosystem fund on June 26. This is part of a policy to expand the scope of the currently memory-oriented domestic semiconductor value chain to encompass system chips and MPE (materials, parts, equipment). Considering the high burn rate of the present semiconductor-exclusive fund, this fund will reach KRW 300 billion, with increased pro date2023-06-28

Korea participates in the world's largest R&D platform, Eureka

The Ministry of Trade, Industry and Energy (MOTIE) announced on June 22 that Korea attended Eureka’s general assembly meeting as the first non-European country and as a member of the Board of Directors. The meeting was held in Brussels, Belgium. Eureka is the world’s largest R&D platform and its membership comprises 41 European countries and six non-European countries (including Korea), currently totaling 47 member countries. Every year, approximately 250 new R&D projects wo date2023-06-26

Carbon Neutrality & Green Growth Commission announces Climate Tech Industry Strategy

The Ministry of Trade, Industry and Energy (MOTIE) announced on June 22 that the Presidential Commission on Carbon Neutrality and Green Growth introduced the Climate Technology Industry Development Strategy at the fourth plenary meeting of 2023 at the Government Complex Seoul, chaired by Prime Minister Han Duck-soo. The above strategy was established for generating successful growth models for climate technology companies and for export industrialization. Commission members deliberated and vot date2023-06-23