Ministry of Trade, Industry and Energy

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

MOTIE launches Project CE (Circular Economy) 9

The Ministry of Trade, Industry and Energy (MOTIE) announced the 'Strategy for Industrial New Growth through Invigoration of Circular Economy' during the emergency ministerial meeting on economic affairs held on June 21, presided by Korea’s Deputy Prime Minister Choo Kyung-ho. MOTIE is pushing for the swift spread of circular economy across all industries to support companies’ shift towards carbon neutrality and efforts to develop new sources of competitiveness, as well as to secure date2023-06-21

MOTIE announces K-Design Innovation Strategy

Trade, Industry and Energy Minister Lee Chang-yang chaired the 8th Industrial Strategy Roundtable and presented the K-Design Innovation Strategy and facilitated discussions on measures to promote Korea’s design industry with industry representatives and relevant persons, in accordance with President Yoon Suk-yeol’s call to strengthen design competitiveness and foster an environment where top design artists and firms can further develop. The K-Design Innovation Strategy consists of f date2023-06-15

Minister Lee chairs K-Design Innovation Strategy Roundtable

Trade, Industry and Energy Minister Lee Chang-yang chaired the K-Design Innovation Strategy Roundtable on June 14 at the Dongdaemun Design Plaza (DDP) to discuss measures to expand and promote Korea’s design industry.   In his opening message, the Minister stated that “the K-Design Innovation Strategy is the culmination of the joint deliberation by the Government and private sectors regarding challenges facing the design industry, and policy efforts will be focused towards str date2023-06-15

Korea and Japan launch joint R&D project in fine chemical industry

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the Korea-Japan joint technology R&D project launching ceremony on June 14 in Seoul for strengthening both countries’ fine chemical technology competitiveness as bilateral economic and private sector exchanges are gaining momentum on the occasion of the Tokyo summit meeting in March. In the planning stages of this project, the Korea Evaluation Institute of Industrial Technology (KEIT) conducted a technology demand su date2023-06-14

Minister Lee leads discussions for national semiconductor industry strategy

Trade, Industry and Energy Minister Lee Chang-yang attended the 17th emergency meeting on people’s livelihood and economy on June 8, held to discuss key issues and future policy tasks concerning the national semiconductor industry strategy. Minister Lee stated that “experts’ opinions and semiconductor industry’s rapidly changing industrial and technological policy environment will be comprehensively taken into consideration in upgrading the recently announced chip policy date2023-06-09

Korea and Japan hold 20th Steel Dialogue

The Ministry of Trade, Industry and Energy (MOTIE) and Japan’s Ministry of Economy, Trade and Industry (METI) held the 20th Korea-Japan Steel Dialogue on May 31 in Tokyo following a five-year hiatus, on the backs of the recent revitalization of the two countries’ relations and lifting of COVID-19 restrictions. During the Dialogue, MOTIE’s Metals and Ceramics Division Director Oh Choong-jong and his Japanese counterpart, Director Daisuke Matsuno, led discussions on the ste date2023-06-08