Ministry of Trade, Industry and Energy

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

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