Ministry of Trade, Industry and Energy

1st Vice Minister attends MOU ceremony launching Korea’s innovation fund for middle-market companies

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the first MOU signing ceremony launching Korea’s innovation fund for middle-market companies on March 9 at the Plaza Hotel Seoul to support middle-market companies’ entrance into new businesses.   The Vice Minister gave an opening message and attended the MOU signing ceremony for supporting middle market companies’ development and securing new growth engines.   The ceremony was attended by repres date2023-03-10

Korea announces regulatory innovation for high-tech robot industry

The Ministry of Trade, Industry and Energy (MOTIE) announced on March 2 the regulatory innovation measures for Korea’s high-tech robot industry at the 3rd Regulatory Innovation Strategy Meeting held at the Metaverse Hub in Pangyo to swiftly implement aggressive deregulation for creation of new businesses, in view of the robot industry’s capacity to enhance productivity, prevent manpower shortage and generate new future industries. The regulatory innovation measures will center aroun date2023-03-07

Korea announces measures for securing critical minerals supply

Trade, Industry and Energy Minister Lee Chang-yang presided a conference on February 27 at the Lotte Hotel Seoul to discuss strategies for securing critical minerals and measures to stabilize the supply chain.   The strategy for securing reliable critical minerals supply is a follow-up measure to President Yoon Suk-yeol’s order to establish a critical minerals supply chain centering around the Ministry of Trade, Industry and Energy. It is anticipated that the plan will help mitigate date2023-03-02

Korea announces measures for securing critical minerals supply

Trade, Industry and Energy Minister Lee Chang-yang presided a conference on February 27 at the Lotte Hotel Seoul to discuss strategies for securing critical minerals and measures to stabilize the supply chain. The conference was held in the attendance of representatives from various like EVs and secondary batteries that require critical minerals for business, as well as domestic and overseas firms in resources development, including Samsung SDI, Hyundai Motor, LG Energy Solution, SK On and&nbsp date2023-02-28

Korea's retail industry grows 4.0% in January

The Ministry of Trade, Industry and Energy announced on February 27 that Korea’s overall retail sales in January posted a 4.0 percent year-on-year growth. Offline sales lost 0.5 percent, while online sales gained 9.1 percent. The Ministry releases monthly retail sales figures based on surveys of 26 major retailers. Half of them are brick-and-mortar retailers: three department store chains, three hypermarket chains, three convenience store chains, and four “super supermarket” date2023-02-27

1st Vice Minister holds 3rd Real Economy Site Inspection Meeting

Trade, Industry and Energy 1st Vice Minister Jang Young-jin presided the 3rd Real Economy Site Inspection Meeting on February 22 at the Korea Coal Center (KCC) in Seoul and discussed machinery industry exports and investment prospects for 2023.   After his opening message, Vice Minister Jang led discussions on investment and exports forecast for Korea's machinery industry, as well as Government assistance plans.   The meeting was attended by relevant industry representatives, inclu date2023-02-23

Minister holds carbon neutral technology development roundtable

Trade, Industry and Energy Minister Lee Chang-yang attended the roundtable held on February 22 at Four Seasons Hotel Seoul for the signing ceremony of MOU for carbon-intensive firms to join hands in a consortium for carbon neutral technology development.   Minister Lee attended the MOU signing for carbon neutral technology development aiming to achieve carbon neutral goals across carbon-intensive sectors by supporting technological development and spreading the outcomes across other secto date2023-02-23

Korea holds Drone Show Korea 2023

The Ministry of Trade, Industry and Energy (MOTIE) announced on February 22 that Drone Show Korea 2023 will be held through February 23-25 at Busan Exhibition and Convention Center (BEXCO) and Deputy Minister for the Office of Industrial Policy Joo Young-joon is attending the opening ceremony to visit the exhibition booths and encourage participants. Marking its seventh show this year, Drone Show Korea was first launched in 2016 and is the nation’s largest drone exhibition, co-hosted by B date2023-02-23

1st Vice Minister attends High-Tech Robot Strategy Alliance kick-off ceremony

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the High-Tech Robot Strategy Alliance kick-off ceremony on February 21 at the Bundang Doosan Tower to discuss practical strategies for nurturing and supporting the robot industry.   Vice Minister Jang gave an opening message and led discussions on the basic direction for “high-tech robot industry strategy 1.0” and plans for Alliance management and challenges voiced by companies per each sector in the robot in date2023-02-22

Minister visits leading plasma cleaner exporter

Trade, Industry and Energy Minister Lee Chang-yang visited Vision Semicon, a world-leading plasma cleaner exporter located in Sejong City on February 20 to seek exports rebound measures amid the global economic slowdown and supply chain realignment.  The Minister received a briefing on company operations from Vision Semicon CEO Yoon Tong-seob and toured production facilities and encouraged employees.   date2023-02-21