Ministry of Trade, Industry and Energy

Minister presides 40th Industrial Technology Protection Committee Meeting

Trade, Industry and Energy Minister Lee Chang-yang presided the 40th Industrial Technology Protection Committee Meeting on September 14 at the Korea Chamber of Commerce and Industry (KCCI) in Seoul to discuss automobile exports permit approval and other agenda items.   The meeting was attended by government officials and approximately 30 relevant persons, including Seoul National University Professor Lee Hyuk-jae and SL Bigen CEO Ahn Mi-chung.   date2022-09-14

MOTIE holds Busan-Ulsan-Gyeongnam Investment Help Desk Conference

Trade, Industry and Energy 1st Vice Minister Jang Young-jin presided the Busan-Ulsan-Gyeongnam Investment Help Desk Conference on September 14 at the Ulsan Exhibition and Convention Center (UECO) to discuss companies’ challenges in local investment and countermeasures.    He gave an opening message, stating that “the Ministry is currently pushing a swift and bold innovation program for deregulation,” adding that allowing private sectors the freedom and creativity th date2022-09-14

Minister Lee visits traditional market on occasion of Chuseok holidays

Trade, Industry and Energy Minister Lee Chang-yang visited the Yeong-cheon Traditional Market on September 7 to promote COVID-19 self-quarantine measures and inspect the holiday prices and energy safety conditions prior to the Chuseok holidays.   The Minister received a market management briefing from the merchants’ association chairman Park Jong-bok, and used an Onnuri certificate to purchase items, which were then donated to Raphael Kids’ Home, a nonprofit organization for p date2022-09-08

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

Trade, Industry and Energy 1st Vice Minister Jang Young-jin visited the Bureau International des Expositions (hereinafter “BIE”) in Paris on September 7 as head of the Government delegation team to submit the candidature dossier for World EXPO 2030 Busan and met with BIE Secretary General Dimitri S. Kerkentzes.   The Vice Minister illustrated Korea’s plans for Busan hosting the World EXPO based on differentiated strategies and hosting capacities unique to Korea, and rela date2022-09-08

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