Ministry of Trade, Industry and Energy

1st Vice Minister awards 300th biz realignment program certificate

Trade, Industry and Energy 1st Vice Minister Jang Young-jin visited on August 15 a domestic car parts manufacturer, Esys, which focuses on producing modules for EVs and self-driving cars, and is the 300th company to have been granted approval for the business realignment program.   The Vice Minister received a briefing on company operations from Essys Chairman Kim Yong-bum and President Noh Min-cheol. He then awarded the business realignment company approval certificate to the representat date2022-08-16

Korea maintains No.1 Shipyard position in July

The Ministry of Trade, Industry and Energy (MOTIE) announced on August 10 that South Korea maintained its dominant position in global shipbuilding (following 1st place for first half of 2022), winning 55 percent (19 vessels amounting to 1.16 million CGT) of world’s total orders in July. In July, bid orders for a total of 72 vessels amounting to 2.11 million CGT ($5.3 billion) were opened in the July global market. The types of vessels consisted of 17 container ships (small-to-medium), 16 date2022-08-11

Korea and U.S. co-host Standards Forum 2022

The Korean Agency for Technology and Standards (KATS), affiliated under the Ministry of Trade, Industry and Energy (MOTIE), co-hosted the 2nd Korea-U.S. Standards Forum (hereinafter “Standards Forum”) with the American National Standards Institute (ANSI) on August 9 in Washington, D.C. Held subsequent to the Northeast Asia Standards Cooperation Forum held in June earlier this year, the Standards Forum concentrated on discussions covering quantum technology, next-generation semi date2022-08-09

1st Vice Minister attends 1st Business Realignment & Financial Policies Strategy Meeting

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the 1st Business Realignment & Financial Policies Strategy Meeting held at the Korea Chamber of Commerce and Industry (KCCI) on August 3 to assess outcomes related to the launching of the Business Realignment Comprehensive Support Center for one-stop services.   The Vice Minister gave opening remarks and participated in the signboard hanging ceremony to celebrate the launching of the center.   The meeting was date2022-08-05

1st Vice Minister attends Bioplus Interphex Korea 2022

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the Bioplus Interphex Korea 2022 opening ceremony at COEX in Seoul on August 3 to give a congratulatory message and tour the 350 exhibition booths displaying biomedical and digital healthcare products of approximately 200 companies from 12 countries.   The event was attended by an estimated number of 300 persons consisting of industry representatives and relevant organization members, including Korea Biotechnology Indust date2022-08-03

1st Vice Minister attends Bioplus-Interphex Korea 2022

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the Bioplus-Interphex (International Pharmaceutical and Manufacturing Expo) Korea 2022 opening ceremony at COEX in Seoul on August 3, co-hosted by the Korea Biotechnology Industry Organization and Reed Exhibitions. Bioplus-Interphex Korea 2022 will be running a total of 350 booths showcasing various products from biomedical, digital, healthcare and such various areas and involve the participation of approximately 1,200 compani date2022-08-03

1st Vice Minister presides RE100 business conference

Trade, Industry and Energy 1st Vice Minister Jang Young-jin presided the RE100 Business Conference on July 27 at the Korea Chamber of Commerce and Industry (KCCI) to facilitate discussions on measures to effectively implement RE100, the global corporate renewable energy initiative for 100% renewable electricity.   In his opening message, Vice Minister Jang stated that “Korea’s renewable energy supply conditions are relatively unfavorable compared to other countries, so in the date2022-07-29

Minister Lee attends semiconductor industry conference

Trade, Industry and Energy Minister Lee Chang-yang attended the semiconductor industry conference at Dongjin Semichem plant in Gyeonggi-do on July 21 to announce the semiconductor superpower strategy and hold the industry-academia cooperation infrastructure MOU signing ceremony.   In his opening message, Minister Lee relayed that battery, display, future mobility, robot, bio and such promising new industries will be grouped together as “semiconductor-plus industry,” and that m date2022-07-27

Minister Lee attends ceremony marking world's 1st 3nm chip shipment

Trade, Industry and Energy Minister Lee Chang-yang attended the ceremony held at Samsung Electronics Hwaseong Campus on July 25 to mark the first shipment of 3-nanometer chips and congratulated the historic milestone, ensuring government support in line with the Ministry’s recently announced national semiconductor powerhouse strategy. Samsung Electronics’ accomplishment is meaningful in that the 3-nanometer semiconductor mass production is a global first, a step faster than even the date2022-07-26

1st Vice Minister attends Industrial Environment Improvement Support Center opening ceremony

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the opening ceremony of the Industrial Environment Improvement Support Center held in the Ochang Scientific Industrial Complex in Cheongju on July 18.   The Industrial Environment Improvement Support Center aims to support the fine dust reduction endeavors of Korean SMEs and middle-market companies, and train up personnel with technological prowess in areas concerning industrial environment. The Vice Minister stated in h date2022-07-20