Ministry of Trade, Industry and Energy

MOTIE appoints 4th Honorary Ambassador for World Expo 2030 Busan

The Ministry of Trade, Industry and Energy (MOTIE) held a ceremony on December 27 at the LG Art Center in Seoul to appoint soprano Jo Sumi as the 4th Honorary Ambassador for the World Expo 2030 Busan.    The ceremony was also attended by World EXPO 2030 Busan Bid Committee Secretary General Yoon Sang-jik and Busan Mayor Park Heong-joon.   date2022-12-27

Trade Minister attends Industrial Technology & Energy Development Cooperation Networking Day

Minister for Trade Dukgeun Ahn attended the Industrial Technology and Energy Development Cooperation Networking Day on December 22 with 28 Official Development Assistance (ODA) member states’ Ambassadors to Korea in Seoul to discuss measures for stronger industrial and energy networking, and requested support for World Expo 2030 Busan.   The event was attended by the 28 Ambassadors to Korea among the total 46 ODA member states.   date2022-12-23

1st Vice Minister attends exporter SMEs conference

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the conference with small and medium-sized exporters on December 22 in Seoul to discuss measures to boost SMEs’ exports vitality.   Vice Minister Jang stated that “exports conditions are not favorable, what with major countries’ interest hikes and contracted demand,” and stressed that “SMEs are hit harder by external uncertainties compared to large or middle-market companies and therefore po date2022-12-23

MOTIE announces results of Middle-Market Companies Basic Survey 2021

The Ministry of Trade, Industry and Energy (MOTIE) announced on December 22 the basic survey results of middle-market companies in 2021. The survey shows that there is a steady trend of small-to-medium enterprises (SMEs) growing into middle-market companies, and middle-market companies growing into large companies. The number of middle-market companies was 5,480 at the end of 2021, slightly lower than the 5,526 of 2020. Sales and operating profit, on the other hand, grew 82.7 percent and 16.1 date2022-12-23

MOTIE holds Battery Alliance Industrial Competitiveness Breakout Session

The Ministry of Trade, Industry and Energy (MOTIE)'s Deputy Minister for the Office of Industrial Policy Joo Young-joon held the Battery Alliance Industrial Competitiveness Breakout Session on December 15 at the Korea Chamber of Commerce and Industry (KCCI) to facilitate public-private discussions on secondary battery industry issues and seek joint solutions. The session covered various topics including the U.S.’ Inflation Reduction Act (IRA), global supply chain, investment issues and th date2022-12-20

MOTIE holds Battery Alliance Industrial Competitiveness Breakout Session

The Ministry of Trade, Industry and Energy's Deputy Minister for the Office of Industrial Policy Joo Young-joon held the Battery Alliance Industrial Competitiveness Breakout Session on December 15 at the Korea Chamber of Commerce and Industry (KCCI) to have public-private discussions on secondary battery industry issues and seek joint solutions.   Deputy Minister Joo gave an opening message, stating that the U.S.’ Inflation Reduction Act (IRA) among various factors are intensifying date2022-12-16

MOTIE holds completion ceremony of Shin Hanul 1

The Ministry of Trade, Industry and Energy (MOTIE) held the Shin Hanul 1 completion ceremony in Uljin, North Gyeongsang Province, on December 14 with local residents and domestic and overseas nuclear industry personnel. Shin Hanul 1 is the 27th commercial nuclear plant in Korea and its model type is APR1400, Korea’s next generation nuclear power plant model. Completion of Shin Hanul 1 is significant in terms of energy and trade security. As Shin Hanul 1 is capable of supplying a quarter date2022-12-16

1st Vice Minister visits POSCO's Pohang steel mill

Trade, Industry and Energy 1st Vice Minister Jang Young-jin visited POSCO’s Pohang steel mill on December 9 amid cargo truckers’ strike and received a situation update on company operation issues, then inspected the site. date2022-12-12

1st Vice Minister attends opening ceremony of 1st small & medium distribution fulfillment center

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended on December 9 the opening ceremony of the nation’s first fulfillment center for small and medium-sized distribution businesses in Pohang and held an MOU signing ceremony for promoting the spread of small and medium-sized fulfillment systems.   Vice Minister Jang attended the ribbon cutting ceremony announcing the launching of the fulfillment center and gave a congratulatory message, stating that “the Poh date2022-12-12

MOTIE announces Korea's vaccine industry survey results

The Ministry of Trade, Industry and Energy (MOTIE) and Ministry of Health and Welfare (MOHW) announced on December 6 the domestic vaccine industry survey results for 2021 in terms of sales, exports, employment and investment. This survey was conducted by a group of institutions, including the Korea Pharmaceutical and Bio-Pharma Manufacturers Association, Korea Specialty Chemical Industry Association and Korea Rating & Data (KoDATA), and it is the first survey on the domestic vaccine industr date2022-12-08