Ministry of Trade, Industry and Energy

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

Korea and U.S. sign 23 MOUs for high-tech, hydrogen & SMR cooperation

Trade, Industry and Energy Minister Lee Chang-yang attended the “Korea-U.S. High-Tech Industry & Clean Energy Partnership” MOU signing ceremony on April 25 at Waldorf Astoria Washington DC where a total of 23 MOUs were signed for stronger forward-looking Korea-U.S. high-tech cooperation.   Minister Lee gave an opening message and attended the MOU signing ceremony in which 23 MOUs were signed for cooperation in 10 high-tech industry areas (battery, bio, autonomous vehi date2023-04-27

Korea and U.S. sign 23 MOUs for high-tech, hydrogen & SMR cooperation

The Ministry of Trade, Industry and Energy (MOTIE) announced on April 26 that on the occasion of South Korean President Yoon Suk-yeol’s state visit to the U.S., the two countries held a “Korea-U.S. High-Tech Industry & Clean Energy Partnership” memorandum of understanding (MOU) signing ceremony on April 25 at Waldorf Astoria Washington DC and signed a total of 23 MOUs for stronger forward-looking Korea-U.S. high-tech cooperation. The 23 MOUs were signed for cooperation in date2023-04-27

Minister Lee discusses measures to raise Korea's potential growth with leading economists

Trade, Industry and Energy Minister Lee Chang-yang chaired a conference with Korea’s leading economists and national policy experts on April 19 at the Plaza Hotel Seoul to discuss measures to secure potential growth for Korea to develop into a leading global economy with respect to labor, capital and total factor productivity.   The conference was attended by a number of professors, economists, and representatives of relevant public institutions, including Lee Seung-heon, Senior Dep date2023-04-25