Ministry of Trade, Industry and Energy

MOTIE holds Korea Tech Show 2022

Trade, Industry and Energy Ministry’s Deputy Minister for Office of Industry and Enterprise Innovation Hwang Soo-sung attended the Korea Tech Show 2022 on December 7 at COEX, held under the slogan of “Leading industrial transformation with super gap technology” to share R&D achievements with the public and discuss promising future technologies.   The Deputy Minister gave a congratulatory message after the opening ceremony performance and awarded 38 orders and medals date2022-12-08

Minister holds strategic roundtable on carbon composites competitiveness

Trade, Industry and Energy Minister Lee Chang-yang presided a strategic roundtable on carbon composites industry development on December 6 at the Korea Chamber of Commerce and Industry (KCCI) and led discussions on measures to bolster Korea’s global competitiveness.   The Minister gave an opening message after touring the exhibitions featuring carbon composite materials in aerospace and defense, and sought strategies and measures for strengthening competitiveness of the carbon compo date2022-12-07

1st Vice Minister visits KPIC to inspect industry damage from truckers' strike

Trade, Industry and Energy 1st Vice Minister Jang Young-jin visited Korea Petrochemical Ind. Co. (KPIC) in Ulsan on December 4 to examine damage on petrochemicals industry from cargo truckers’ union strike.   Vice Minister Jang received a situation briefing on difficulties incurred by the union strike and inspected KPIC's major plant facilities.   date2022-12-06

Korea holds Metaverse Fashion Show

The Ministry of Trade, Industry and Energy's Deputy Minister for the Office of Industrial Policy Joo Young-joon attended Korea’s first metaverse fashion show on November 30 in Gangnam, where clothes designed for the metaverse were showcased to raise Korean citizens’ interest and encourage rising designers.   Among the approximately 100 attendees were various industry representatives, including Director Lim Hun-jin, Director of Korea Apparel Testing & Research Institute ( date2022-12-02

Korea’s retail industry grows 7.3% in October

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 29 that Korea’s retail sales in October gained a year-on-year growth of 7.3 percent. Both physical and online retailers grew in sales, up 6.4 percent and 8.2 percent, respectively. The Ministry releases monthly retail sales figures based on surveys of 25 major retailers. Thirteen of them are physical retailers: three department store chains, three hypermarket chains, three convenience store chains, and four “s date2022-11-29

Korea and Canada hold ministerial talks on industry cooperation

Trade, Industry and Energy Minister Lee Chang-yang met with Canada’s Minister of Innovation, Science and Industry François-Philippe Champagne on November 25 at the Government Complex Seoul and discussed cooperation in core industries and measures for trade and investment expansion. Noting the upgrade of the two countries’ ties to a comprehensive strategic partnership on the occasion of the Korea-Canada summit meeting held in September, the two industry chiefs agreed to build date2022-11-29

Minister presides 2022 MOTIE Policy Advisory Committee

Trade, Industry and Energy Minister Lee Chang-yang held the 2022 MOTIE Policy Advisory Committee meeting on November 25 at the Korea Chamber of Industry and Commerce (KCCI) to seek preliminary risk assessment with private sector experts amid inflation, prolonged war and other uncertainties.   Minister Lee gave an opening message, then facilitated discussions on preemptive measures to address the overall economic and financial risks across industries amid the “three highs” (i date2022-11-28

Minister attends Yongin Semiconductor Cluster cooperation MOU signing ceremony

Trade, Industry and Energy Minister Lee Chang-yang attended the memorandum of understanding (MOU) signing ceremony for the “win-win cooperation” for the successful progress of Yongin Semiconductor Cluster on November 21 at the National Assembly main hall in Seoul.   In his congratulatory message, Minister Lee thanked institutions for their cooperation in resolving the construction permit delay issue and assured that joint efforts will be made in tandem with the National Assemb date2022-11-24

1st Vice Minister attends 36th Textile Day

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the 36th Textile Day on November 11 in Seoul to encourage those in the textiles and fashion industry and congratulate the robust exports despite economic slowdown and supply chain realignment concerns.   The Vice Minister gave a congratulatory message and awarded medals and orders of merit to 47 persons who contributed to the development of the textile industry, including Huvis CEO Shin You-dong, who received the Gold To date2022-11-15

Minister attends 1st National High-Tech Strategic Industries Committee Meeting

Trade, Industry and Energy Minister Lee Chang-yang attended the 1st National High-Tech Strategic Industries Committee (hereinafter “Committee”) Meeting on November 4 at the Korea Chamber of Commerce and Industry (KCCI) in Seoul for deliberation and resolution of agenda items regarding special complexes, school designations and other Committee masterplans for high-tech strategic industries.   The meeting was presided by Prime Minister Han Duck-soo and attended by Committee memb date2022-11-07