Ministry of Trade, Industry and Energy

Minister Lee attends SMEs Business Leaders Conference

Trade, Industry and Energy Minister Lee Chang-yang attended the SMEs Business Leaders Conference on September 7 at the Korea Federation of SMEs (KBIZ) in Seoul to gather industry opinions and discuss support measures for SMEs per key sector.    Minister Lee stated that the Ministry will strive to help SMEs grow into global companies by providing support for technological innovation, deregulating, and value enhancement. In particular, he promised to prepare the 3rd Ppuri (Root) I date2022-09-08

1st Vice Minister visits BIE for talks on World Expo 2030 Busan

The Ministry of Trade, Industry and Energy (MOTIE) announced on September 7 that 1st Vice Minister Jang Young-jin will be visiting Paris through September 6-8 in order to submit the candidature dossier for World Expo 2030 Busan to the Bureau International des Expositions (hereinafter “BIE”). The 1st Vice Minister is heading the Government delegation team, which also consists of Kim Yoon-il, President's Future Strategy Secretary, as well as Shin Chae-hyun, Ambassador for Intern date2022-09-08

Korea's retail industry gains 9.7% in July

The Ministry of Trade, Industry and Energy (MOTIE) announced on August 30 that Korea’s retail industry saw sales growth of 9.7 percent in July. Both offline and online sales posted growth, up 12.1 percent and 7.3 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 'super supermarket' (SSM) date2022-08-30

1st Vice Minister visits POSCO Chemical

Trade, Industry and Energy 1st Vice Minister Jang Young-jin visited POSCO Chemical in North Gyeongang Province on August 25 and received a briefing on the MPE (materials, parts, equipment) cooperation business model from Chung Dae-hun, Vice President of POSCO Chemical, a company that successfully secured a domestic supply chain for synthetic graphite anode materials required to produce secondary batteries. He then toured the assembly, coating and graphitization facilities and encouraged site wor date2022-08-26

1st Vice Minister visits Asan plant of Hanwha Aerospace Division

Trade, Industry and Energy 1st Vice Minister Jang Young-jin visited the Hanwha Corporation’s Aerospace Division Asan plant in South Chungcheong Province on August 24 and relayed the Government’s commitment to strengthening Korea’s aerospace and defense competitiveness.The Vice Minister received the company briefing on operation status and current issues from Hanwha Aerospace CEO Shin Hyun-woo. He then toured the KF-21 and T-50 production lines and space launch vehicle testing f date2022-08-25

MOTIE holds Eco-Friendly Textiles Industry Conference

Trade, Industry and Energy 1st Vice Minister Jang Young-jin held the Eco-Friendly Textiles Industry Conference on August 24 at COEX in Seoul to seek public-private joint measures for eco-friendly, low-carbon strategies in response to global green trends in the fashion enterprise. The global textiles market is seeing emerging trends of environmental regulations, consumer awareness of environmental values and global fashion brands’ pursuit of sustainable development, all of which forecast a date2022-08-24

1st Vice Minister holds Eco-Friendly Textiles Industry Policy Conference

Trade, Industry and Energy 1st Vice Minister Jang Young-jin presided the Eco-Friendly Textiles Industry Policy Conference on August 24 at COEX to seek public-private joint measures for eco-friendly, low-carbon strategies in response to global green trends in the fashion enterprise.   In his opening message, the Vice Minister mentioned the need for “proactive role awareness of fashion industry regarding sustainability and climate change crisis,” and facilitated discussions on p date2022-08-24

Minister holds talks with Korea's top 3 shipbuilder CEOs

Trade, Industry and Energy Minister Lee Chang-yang held talks with the CEOs of Korea’s top three shipbuilders at the Four Seasons Seoul on August 19 to discuss key issues and future shipyard prospects.   The Minister met with the chiefs of Korea Shipbuilding & Offshore Engineering (KSOE), Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries (SHI) to gather opinions and exchange views with regard to the new regime’s shipbuilding industry directio date2022-08-19

Minister holds conference with top 3 shipbuilder CEOs

Trade, Industry and Energy Minister Lee Chang-yang held a conference with the CEOs of top three domestic shipbuilders on August 19 to discuss key issues and future goals for Korea’s shipyard. The three shipbuilders represented at the conference are Korea Shipbuilding & Offshore Engineering (KSOE), Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries (SHI). One major issue raised by the CEOs was the difficulty of finding quality human resources to take on p date2022-08-19

Minister Lee holds Promising Industries Exporters Conference

Trade, Industry and Energy Minister Lee Chang-yang visited the Osong Life Science National Complex in Cheongju on August 16 to discuss exports boosting measures and presided the Promising Industries Exporters Conference.   In his opening remarks, the Minister stated that “for South Korea’s economy to achieve substantial growth, the role of new industries like bio-health, cosmetics and secondary batteries is critical” and discussed countermeasures and current issues with date2022-08-17