Ministry of Trade, Industry and Energy

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

Minister Lee chairs 43rd Industrial Technology Protection Committee meeting

Trade, Industry and Energy Minister Lee Chang-yang chaired the 43rd Industrial Technology Protection Committee meeting on May 30 at K-SURE in Seoul and led the deliberation on six agenda items and announced a revision to the Industrial Technology Protection Act.   The meeting was attended by approximately 30 members and other persons from relevant ministries and organizations, including the Ministry of Foreign Affairs, Ministry of Justice and the Korea Institute for Industrial Economics a date2023-06-07

Minister Lee chairs 43rd Industrial Technology Protection Committee meeting

  Trade, Industry, and Energy Minister Lee Chang-yang chaired the 43rd Industrial Technology Protection Committee meeting on May 30 and announced a revision to the Industrial Technology Protection Act. The proposed revision includes establishing a screening process for mergers and acquisitions of companies with national core technologies by foreign private equity funds operating in Korea, introducing a system to mandate the determination of institutions holding national core technologies date2023-06-05

Korea takes on full-scale response to nurture advanced, strategic industries

South Korean Prime Minister Han Duck-soo chaired the second meeting of the National High-Tech Strategic Industry Committee on May 26 at the Government Complex Seoul for the establishment of the “Basic Plan for Nurturing and Protecting National High-Tech Strategic Industries” and designation of advanced, strategic technologies and industries to secure Korea’s advanced industries’ competitiveness amid the intensifying global technology competition. The finalized 'First Bas date2023-06-05

Korea and Laos discuss economic cooperation measures

Trade, Industry and Energy 1st Vice Minister Jang Young-jin met with Laotian Industry and Commerce Minister Malaythong Kommasith on May 25 at the Lotte Hotel Seoul to discuss measures to expand Korea-Laos economic cooperation in trade, investment and supply chain. date2023-06-02

Minister Lee reviews future tasks of battery industry

Trade, Industry and Energy Minister Lee Chang-yang visited the LG Energy Solution plant in Ochang on May 25 to review future tasks of the secondary battery industry. According to the Korea Institute for Industrial Economics & Trade (KIET), battery and materials are forecast to enter Korea’s top-five tier of export items within five years. Cathode materials’ export value grew 2.6-fold last year, and already doubled in 2023 year-on-year. Battery exports reached record-breaking l date2023-05-30

MOTIE holds Automobile Parts Industry Strategy Roundtable

Trade, Industry and Energy Minister Lee Chang-yang chaired the Automobile Parts Industry Strategy Roundtable on May 23 at the Four Seasons Hotel Seoul, which was held to support the auto parts industry’s response to the automobile industry’s paradigm shift towards electrification, intellectualization and autonomous driving. Prior to the Roundtable, Minister Lee attended the memorandum of understanding (MOU) signing ceremony, where the Korea Auto Industries Corp. Association (KAICA) date2023-05-26

MOTIE holds Automobile Parts Industry Strategy Roundtable

Trade, Industry and Energy Minister Lee Chang-yang chaired the Automobile Parts Industry Strategy Roundtable on May 23 at the Four Seasons Hotel Seoul and announced support measures for future car transition and exports, as follow-up to President Yoon Suk-yeol’s recent call for measures to strengthen Korea’s automobile parts industry competitiveness to enable timely response to the future car transition and the paradigm shift to electrification, intellectualization and autonomous dri date2023-05-26