Ministry of Trade, Industry and Energy

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

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