Ministry of Trade, Industry and Energy

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

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