Ministry of Trade, Industry and Energy

Korea to formulate & amend 1,971 KS in line with digital transition

The Korean Agency for Technology and Standards (KATS), an organization affiliated with the Ministry of Trade, Industry and Energy (MOTIE), held the Industrial Standards Council (“Council”) meeting on May 10 at the JW Marriott Seoul, announcing that 11 ministries will formulate and amend 1,971 Korean Industrial Standards (KS) through 43 technology council meetings this year. The Council is composed of 52 experts from relevant industry, academia, R&D and consumer groups and is the date2023-05-12

1st Vice Minister attends "20th Automobile Day"

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the “20th Automobile Day” ceremony at the Grand Hyatt Seoul on May 11 and awarded 34 orders and medals of merit, including the Silver Tower Order of Industrial Service Merit presented to Kia Motors Executive Vice President Choi Jun-young.   Vice Minister Jang commended the Korean automobile industry’s accomplishment of reaching USD 77.4 billion in export last year amid difficult conditions, and again hi date2023-05-12

Minister Lee chairs Shipbuilding Industry CEOs’ Conference

Trade, Industry and Energy Minister Lee Chang-yang chaired the Shipbuilding Industry CEOs’ Conference on May 10 in Ulsan and discussed Government measures for securing future super gap technology and gathered industry opinions on challenges and possible solutions.   The conference was attended by representatives of shipbuilding industry businesses, associations and other relevant organizations, including Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and Korea Offsho date2023-05-11

1st Vice Minister attends "Robot Talk Concert"

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended a “Talk Concert” on the theme of “Robot and Human” to discuss with youth the robot industry as a promising future growth engine and to deepen intergenerational communication on the topic.   The Vice Minister gave an opening message and discussed various topics related to the robot industry, which is regarded as the new growth engine and promising sector for the future, as well as a way to innovate date2023-05-11

1st Vice Minister visits GM Korea's Bupyeong plant

Trade, Industry and Energy 1st Vice Minister Jang Young-jin visited GM Korea’s plant in Bupyeong and met with Shilpan Amin, Senior Vice President and President General Motors International, to discuss GM Korea’s management normalization efforts and future business plans, then toured production lines and encouraged employees. date2023-05-09

1st Vice Minister chairs Fabless Semiconductor Companies’ Export & Investment Review Meeting

Trade, Industry and Energy 1st Vice Minister Jang Young-jin chaired the Fabless Semiconductor Companies’ Export & Investment Review Meeting on May 2 at the Korea Chamber of Commerce and Industry (KCCI) and led discussions on export and investment prospects for Korea’s semiconductor industry and gathered industry opinions from attending representatives of relevant associations, R&D institutions and firms. The semiconductor industry representatives forecast that demand for ser date2023-05-08

1st Vice Minister chairs fabless semiconductor companies’ export & investment review meeting

Trade, Industry and Energy 1st Vice Minister Jang Young-jin chaired the fabless semiconductor companies’ export and investment review meeting on May 2 at the Korea Chamber of Commerce and Industry (KCCI) and led discussions on this year’s chip industry export and investment forecast and Government assistance for business challenges.   The Vice Minister gave an opening message and facilitated discussions on the management environment of fabless semiconductor companies, AI semic date2023-05-04

1st Vice Minister attends Civil-Military High-Tech Conference

Trade, Industry and Energy 1st Vice Minister Jang Young-jin visited the Agency for Defense Development (ADD) in Daejeon on April 28 to attend the Civil-Military High-Tech Conference to discuss R&D progress in robotics and space, as well as measures for bolstering civil-military cooperation in cutting-edge technology areas.   Vice Minister Jang gave an opening message and led discussions on securing space materials and parts technology, transfer of national defense space technology to date2023-05-02

Korea and U.S. to launch special student exchange programs in high-tech areas

The Ministry of Trade, Industry and Energy (MOTIE) announced on April 27 that South Korean President Yoon Suk-yeol and U.S. President Joe Biden agreed to launch a large-scale youth exchange between the two countries in high-tech and science technology. According to the Korea-U.S. leaders’ joint statement issued on April 26, the two countries agreed to pouring USD 30 million each (total $60 million) into launching a special exchange program for 2,023 Korean students and 2,023 U.S. students date2023-04-28

Korea's retail industry grows 6.4% in March

The Ministry of Trade, Industry and Energy (MOTIE) announced on April 25 that Korea’s retail sales in March achieved an overall growth of 6.4 percent, year-on-year. Offline and online sales both expanded, by 6.6 percent and 6.1 percent, respectively. The Ministry releases monthly retail sales figures based on surveys of 25 major retailers. Thirteen of them are brick-and-mortar retailers: three department store chains, three hypermarket chains, three convenience store chains, and four &ld date2023-04-27