Ministry of Trade, Industry and Energy

Korea and Spain sign Industrial Technology and International Cooperation MOU

The Ministry of Trade, Industry and Energy (MOTIE) signed the Korea-Spain Industrial Technology and International Cooperation MOU with Spain’s Ministry for Science and Innovation (MICIN) on June 24 in Madrid, Spain. On occasion of this MOU, South Korea and Spain decided to deepen cooperation in areas like future automobiles and high-tech industries. This entails establishing bilateral R&D programs in addition to Eureka projects, and expanding the existing cooperation in nanomaterials date2022-06-27

Korea becomes first Asian country to gain full membership of Eureka

Hwang Soo-sung, Deputy Minister for MOTIE’s Office of Industry and Enterprise Innovation, attended the Eureka General Assembly 2022 held in Lisbon, Portugal on June 22 and signed South Korea’s full membership in the Eureka network alongside Portugal’s Minister of Science and Technology Elvira Fortunato. date2022-06-23

Korea becomes first Asian country to gain full membership of Eureka

The Ministry of Trade, Industry and Energy (MOTIE) announced on June 22 that South Korea became the first Asian country to be granted full membership of the world’s largest R&D platform Eureka at the 2022 general assembly held in Lisbon, Portugal. With an amendment of articles, Eureka membership is now open to non-European nations, South Korea and Canada are the first nations to obtain community membership. South Korea is also the first Asian country to become full member. South Kor date2022-06-23

South Korea running for ISO Presidency for first time

Korean Agency for Technology and Standards (KATS), under the Ministry of Trade, Industry and Energy (MOTIE), announced that Hyundai Mobis CEO Cho Sung-hwan has registered as candidate for next President of the International Organization for Standardization (ISO). The ISO is the world’s largest standards organization in terms of the number of standards published (24,000 standards to date), followed by the International Electrotechnical Commission (IEC) with approximately 13,000 standa date2022-06-20

Minister Lee holds 1st Industrial Technology CTO Roundtable

Trade, Industry and Energy Minister Lee Chang-yang held the 1st Industrial Technology CTO Roundtable on June 16 at the Korea Chamber of Commerce and Industry (KCCI) to gather opinions of CTOs from semiconductor, secondary battery, robot, mobility and other major technology sectors.   In his opening remarks, Minister Lee stated that “the Government is committed to cooperating closely with industries to implement innovation strategies and roll out large-scale support programs” a date2022-06-17

Minister Lee holds 1st Industrial Technology CTO Roundtable

Trade, Industry and Energy Minister Lee Chang-yang held the 1st Industrial Technology CTO Roundtable on June 16 at the Korea Chamber of Commerce and Industry (KCCI) to gather opinions of Chief Technology Officers (CTOs) from semiconductor, secondary battery, robot, mobility and other major technology sectors, as Korea’s R&D investment approaches KRW 110 trillion. At the roundtable, the Ministry of Trade, Industry and Energy (MOTIE) announced the “new regime’s industrial te date2022-06-17

Korea joins Minerals Security Partnership

Trade, Industry and Energy Ministry (MOTIE)’s Resources Industry Policy Director General Ryu Peob-min attended on June 14 the Minerals Security Partnership (MSP) inaugural gathering, which was held in Toronto, Canada and presided by Jose W. Fernandez, Under Secretary of State for Economic Growth, Energy, and the Environment. Director-General Ryu participated in the meeting together with Second Vice Foreign Minister Lee Do-hoon, where they relayed Korea’s decision to join. MSP is an date2022-06-16

1st Vice Minister attends 23rd Steel Day ceremony

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the 23rd Steel Day ceremony held on June 9 at the POSCO Center Art Hall, where steel industry CEOs gathered to discuss domestic supply chain stabilization measures and mid-to-long term competitiveness strengthening solutions, followed by an ESG mutual growth fund agreement signing ceremony.   In his congratulatory message, Vice Minister Jang asserted the need for “a private-sector-led, government-backed economic st date2022-06-13

Minister Lee visits FOMEK

Trade, Industry and Energy Minister Lee Chang-yang visited the Federation of Middle Market Enterprises of Korea (FOMEK) in Seoul on June 8 to discuss policy directions for middle market companies with FOMEK Chairman Choi Jin-sik, and gathered concerns and suggestions voiced across industry circles. date2022-06-10

Minister Lee holds 1st Industrial Strategy Roundtable (Semiconductors)

Trade, Industry and Energy Minister Lee Chang-yang held the 1st Industrial Strategy Roundtable at SK Hynix headquarters in Gyeonggi-do on May 30 to discuss key issues, concerns, and the new regime’s semiconductor industry policy directions. On managing the roundtable, Minister Lee referred to the roundtable as a platform for realizing the Ministry’s innovative policy reforms. It will serve as a communication channel between the government and enterprises where industry issues can be date2022-06-08