Ministry of Trade, Industry and Energy

Government holds 1st National High-Tech Strategic Industries Committee Meeting

South Korea’s Prime Minister Han Duck-soo presided 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. The Committee will serve as the highest decision-making body in the establishment, execution and inspection of policies for investment, personnel training, regulatory reform and finance in supporting the nation’s efforts to achieve a super gap across high-tech strategic industries. There are 20 members from both the public (12 persons) and private sector (8 persons), composed of relevant ministries’ officials, and experts from economic organizations, industries, academia and the R&D sector. Another important function of the Committee is to oversee regulatory exceptions, and take charge of the deliberation and resolution process regarding difficulties that domestic firms face to prevent them from falling behind in the high-tech race. The abovementioned Committee meeting covered the following three agenda items. One, the Government will designate three major industries (semiconductors, secondary batteries, displays) and related 15 high-tech strategic, world-leading technologies that necessitate the protection of the super gap, personnel and technologies. Two, the Government will designate special industrial complexes and roll out packages catering to their needs in terms of securing the location, building power and water infrastructure, permits, technology, personnel and financing. The complexes will be designated by the first half of 2023. Three, the Government confirmed its plans to designate schools for master's and doctorate programs to train up a ready-to-work and specialized workforce. For the semiconductor industry, the plan is to train up 30,000 workers over the next decade, 5,000 of which will be educated through specially designated master's and doctorate courses. Three semiconductor-specialized schools will be designated by early next year to start their programs in the second semester of 2023. For secondary batteries and displays, one or two schools will be designated in 2024 after a demand survey, followed by a prefeasibility study for further designation. The Government stated that the 2nd Committee meeting is slated for early next year, as high-tech strategic industries are growing in importance and prone to rapid changes. date2022-11-07

1st Vice Minister attends Tech Inside Show 2022

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the Tech Inside Show 2022 on November 2 at KINTEX in Ilsan held to share technological breakthroughs and strategies in MPE (materials, parts, equipment) industries, where he awarded orders and medals of merit to 20 persons.   In his congratulatory message, Vice Minister Jang emphasized the “important role of MPE companies in overcoming global supply chain crises,” and awarded those who contributed to the deve date2022-11-03

Minister holds Secondary Battery Industrial Strategy Roundtable

Trade, Industry and Energy Minister Lee Chang-yang presided the “Secondary Battery Industrial Strategy Roundtable” on November 1 at the JW Marriott Hotel Seoul, held on occasion of the launching of public-private joint Battery Alliance.   Minister Lee announced the secondary battery industry’s innovation strategies to claim global leader by 2030, and discussed innovation strategies, visions and future challenges for the public-private joint efforts needed to tackle the g date2022-11-02

MOTIE attends 15th Korea-Japan Industrial Technology Fair

Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin attended the 15th Korea-Japan Industrial Technology Fair on November 1 at the Lotte Hotel Seoul to congratulate the two countries’ business and tech exchanges and support companies' networking.   The fair was attended by approximately 200 persons, including Kim Yoon, the chairman of Korea-Japan Cooperation Foundation for Industry and Technology, and Koichi Aiboshi, Ambassador of Japan to the Republic of date2022-11-01

Korea's retail industry gains 7.5% in September

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 31 that Korea’s retail sales in September recorded a year-on-year growth of 7.5 percent. Both physical and online retailers gained in sales, up 6.0 percent and 9.1 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 &l date2022-10-31

Minister attends 15th Semiconductor Day

Trade, Industry and Energy Minister Lee Chang-yang attended the 15th Semiconductor Day ceremony on October 27 held at COEX in Seoul to award medals and orders of merit to 83 persons for their contribution to domestic chip industry advancement.   At the ceremony, Minister Lee gave a congratulatory message, stating that “global economic slowdown risks are rising, darkening industry prospects for second half semiconductor exports in 2022, but the chips market outlook is still bright as date2022-10-28

Minister attends 15th Semiconductor Day

Trade, Industry and Energy Minister Lee Chang-yang attended the 15th Semiconductor Day ceremony on October 27 held at COEX in Seoul to award medals and orders of merit to 83 persons for their contribution to domestic chip industry advancement. Semiconductor Day was first started in 2008 to commemorate October 29, 1994, the day when South Korea’s chip exports reached USD 10 billion. This year's ceremony was attended by approximately 400 persons, including representatives from relevant acad date2022-10-28

MOTIE holds Carbon Korea 2022

The Ministry of Trade, Industry and Energy's Materials Convergence Industries Director-General Lee Yong-pil attended on October 26 the opening ceremony of Carbon Korea 2022 at COEX in Seoul, which was held for the sharing of present and future of carbon products for carbon industry advancement.   At the ceremony, Director-General Lee toured the exhibition booths and awarded the Presidential, Prime Minister's and Government commendations to seven persons who contributed to carbon industry date2022-10-27

MOTIE attends Robot World 2022

The Ministry of Trade, Industry and Energy's Deputy Minister for the Office of Industrial Policy Joo Young-joon attended the Robot World 2022 opening ceremony on October 26 held at KINTEX in Ilsan.   The Deputy Minister gave an opening message, stating that “robot technology is the foundation of the fourth industrial revolution and the future high-tech industry that creates new forms of added value.” He emphasized that “the Ministry will support domestic robot industries date2022-10-26

1st Vice Minister attends Digital Transformation Fair 2022

Industry, Trade and Energy 1st Vice Minister Jang Young-jin attended the opening ceremony of Digital Transformation Fair 2022 (D.Ton) on October 18 at KINTEX, Ilsan, where he awarded orders and medals of merit to those who contributed to Korea’s machinery industry.    Vice Minister Jang stated in his congratulatory message that “Korea’s machinery industry needs to see intellectualization and value enhancement to bring about the advancement of the manufacturing indus date2022-10-20