Ministry of Trade, Industry and Energy

1st Vice Minister discusses IRA & other issues with U.S. high-ranking officials

Trade, Industry and Energy 1st Vice Minister Jang Young-jin met with the U.S. Deputy Secretary of Commerce Don Graves and Deputy National Security Advisor Mike Pyle, respectively, on February 16 in Washington D.C. to discuss and seek solutions for issues on the Inflation Reduction Act (IRA), semiconductor trade, export control concerns and measures for stronger Korea-U.S. high-tech cooperation. date2023-02-20

Minister holds Steel Industry Development Roundtable

Trade, Industry and Energy Minister Lee Chang-yang presided the Steel Industry Development Roundtable on February 16 at the JW Marriott Hotel Seoul to seek measures for Korea to overcome challenges and claim the name for one of world's top three global steel powerhouses.   The Minister signed the MOU for low carbon steel industry prior to the meeting, then led roundtable talks on countermeasures against reinforced trade barriers from carbon neutral, worldwide oversupply and drop date2023-02-17

Minister presides 10th Defense Industrial Development Committee meeting

Trade, Industry and Energy Minister Lee Chang-yang presided the 10th Defense Industrial Development Committee meeting on February 14 at the Ministry of National Defense to discuss measures to advance industrial sustainability and performance amid all-time high arms exports in 2022.   The Minister gave an opening message and led discussions on the 3rd civil-military technology cooperation project masterplan and other issues.   The meeting was attended by National Defense Minist date2023-02-15

Minister holds evaluation meeting on World Expo 2030 Busan promotion progress

Trade, Industry and Energy Minister Lee Chang-yang held a meeting on February 6 to evaluate the progress of World Expo 2030 Busan bid promotion and plans.   With the final selection coming up in November this year, the meeting aimed to assess promotion activities in detail, including plans regarding overseas negotiation, upcoming local inspection of the Bureau International des Expositions (BIE), presentation competition, economic mission and public-private joint promotion collaboration. date2023-02-07

Minister holds evaluation meeting on World Expo 2030 Busan promotion progress

Trade, Industry and Energy Minister Lee Chang-yang held a meeting on February 6 to evaluate the progress of World Expo 2030 Busan bid promotion and plans. With the final selection coming up in November this year, the meeting aimed to assess promotion activities in detail, including plans regarding overseas negotiation, upcoming enquiry mission of the Bureau International des Expositions (BIE), presentation competition, economic mission and public-private joint promotion collaboration. date2023-02-07

1st Vice Minister holds 2nd Real Economy Evaluation Meeting

Trade, Industry and Energy 1st Vice Minister Jang Young-jin presided the 2nd Real Economy Evaluation Meeting on February 2 at the Korea Chamber of Commerce and Industry (KCCI) to discuss steel companies’ export and investment challenges and to seek government support measures. The Vice Minister facilitated discussions on investment and export forecast for the steel industry in 2023 and shared the Government’s support measures plan. The meeting was attended by representatives of rel date2023-02-03

Minister holds Industrial Transformation Forum kick-off meeting

Trade, Industry and Energy Minister Lee Chang-yang presided the first Industrial Transformation Forum meeting with its six private-sector chairpersons and other experts on January 26 at the Korea Chamber of Commerce and Industry (KCCI) to discuss the need and specific measures for industrial transformation.   The Minister emphasized that Korea’s economy is facing various difficulties both externally and internally, and called for an industrial innovation by which Korea can break thr date2023-01-27

MOTIE kicks Industrial Transformation into high gear

The Ministry of Trade, Industry and Energy (MOTIE) held the first Industrial Transformation Forum meeting with its six private-sector subcommittees' chairpersons and representatives of relevant institutions on January 26 at the Korea Chamber of Commerce and Industry (KCCI) to discuss the need and specific measures for industrial transformation. Forum attendees pointed out that the majority of Korea’s exports and production has centered on 10 areas over the last decade, including semicondu date2023-01-27

1st Vice Minister visits market ahead of Korea's Lunar New Year holidays

Trade, Industry, and Energy 1st Vice Minister Jang Young-jin visited the Gwangjang Traditional Market located in Jongno-gu, Seoul, on January 19 to inspect market prices and self-quarantine conditions ahead of Korea's Lunar New Year holidays.   After receiving a briefing from Seoul Merchants Association Chairman Choo Gwi-sung on market management issues, Vice Minister Jang purchased holiday goods using an onnuri gift certificate. In view of the COVID-19 situation, the purchased goods were date2023-01-20

1st Vice Minister holds Display Sector Assessment Meeting

Trade, Industry and Energy 1st Vice Minister Jang Young-jin presided a meeting to assess the real economy of Korea’s display sector on January 18 at the Korea Chamber of Commerce and Industry (KCCI) to resolve investment and exports challenges via active communication with industry parties.   Vice Minister Jang shared the Ministry’s plans for industry support and discussed measures to expand private companies’ facilities investment and exports.   Approximately 10 date2023-01-19