Ministry of Trade, Industry and Energy

1st Vice Minister attends Engineering Day 2022 Ceremony

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the Engineering Day 2022 ceremony held at the 63 Building in Yeouido, Seoul on June 3 and delivered a congratulatory message and awarded governmental commendations to contributors of engineering industry development.   The ceremony was held to credit those that have significantly contributed to the engineering industry, as well as to congratulate everyone for their hard work. Vice Minister Jang awarded the Gold Tower Ord date2022-06-08

1st Vice Minister attends Metafashion Launch Ceremony

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the Metafashion Launch Ceremony at the Dongdaemun Design Plaza (DDP) on May 30 and discussed the potential of Korea’s metafashion industry coupled with world-leading digital technology and infrastructure.   In his opening remarks, Vice Minister Jang stated that “metafashion is the key manufacturing-to-services business and the next blue ocean,” and added that “metaverse avatars can try on dig date2022-06-07

Minister Lee holds 1st Industrial Strategy Roundtable

Trade, Industry and Energy Minister Lee Chang-yang visited the SK Hynix headquarters in Gyeonggi-do on May 30 to preside the 1st Industrial Strategy Roundtable specific to the semiconductors industry.   Minister Lee received a briefing on the Yongin Semiconductor Cluster progress from Kim Dong-sub, SK Hynix President of Communication & External Affairs, and toured the company’s semiconductor fabrication plant. In the subsequent roundtable meeting, he delivered opening remarks, c date2022-06-03

1st Vice Minister holds Bio Companies Investment Conference

Trade, Industry and Energy 1st Vice Minister Jang Young-jin presided the Bio Companies Investment Conference held in Incheon on May 26 to outline the new regime’s policy aspirations for the domestic bio industry and listened to companies’ investment plans and current challenges.   In his opening remarks, the Vice Minister noted how Korea has become one of the global top two biomedicine producers in a very short period of time, and also anticipating its first homegrown COVID-19 date2022-05-31

Minister Lee visits auto parts manufacturer

Trade, Industry and Energy Minister Lee Chang-yang visited combustion engine vehicle parts manufacturer Guyoung Tech located in Daegu on May 24 to promote the importance of successful future car transition for Korea’s economic growth and vitality.   Minister Lee received a briefing on some of the challenges obstructing the auto parts maker’s path to future car transition, then toured its engine and transmission production facilities under the guide of CEO Lee Hee-hwa and encou date2022-05-27

Minister Lee visits KCCI

Trade, Industry and Energy Minister Lee Chang-yang visited the Korea Chamber of Commerce and Industry (KCCI) on May 18 to facilitate government-industry discussions for future growth strategies, as his first inaugural outing.   Minister Lee met with KCCI President Chey Tae-won and relayed in his opening remarks the Ministry’s plans to better support industrial endeavors and entrepreneurship while building open and unbroken communication for effective policies and economic vitality. date2022-05-19

Vice Minister visits Hyundai-Kia Motors AutoLand plant

Trade, Industry and Energy 1st Vice Minister Jang Young-jin visited the Hyundai-Kia Motors’ AutoLand plant in Hwaseong-si on May 18 to discuss the corporation’s mid-to-long term investment plans in Korea’s EV market.   The Vice Minister received a briefing on Hyundai-Kia Motors EV industry status and future direction from Hyundai Motor President Gong Young-woon and Kia Motor Vice President Choi Jun-young, then toured around the EV6 production facilities and encouraged th date2022-05-19

62nd Trade, Industry and Energy Minister Inauguration Ceremony

62nd Trade, Industry and Energy Minister Lee Chang-yang was sworn into office at the MOTIE Ministers' Joint Inauguration Ceremony on May 13 at Government Complex Sejong where he took his oath of office along with newly appointed Trade Minister Ahn Duk-geun and 1st Vice Minister Jang Young-jin (photos in this order).    The ceremony was attended by Korean Intellectual Property Office (KIPO) Commissioner Kim Yong-rae, Deputy Minister for Trade and Investment Moon Dong-min, and t date2022-05-13

424th Korea Trade Commission gives final conclusion on anti-dumping duty expiry review

The Ministry of Trade, Industry and Energy (MOTIE) held the 424th Korea Trade Commission (hereinafter “the Commission”) meeting on May 12 and gave the final conclusion of anti-dumping duty expiry review on butyl glycol ether from the U.S. and France. At the meeting, Chairperson Chang Seung-wha announced the Commission’s decision to suggest to the Economy and Finance Minister an extension of a 5-year 20.1-25.0 percent anti-dumping duty in consideration of possible dumping recur date2022-05-13

1st Vice Minister attends Free Economic Zone Innovative Ecosystem Project outcome briefing

Trade, Industry, and Energy 1st Vice Minister Park Jin-kyu attended the Free Economic Zone (FEZ) Innovative Ecosystem Project outcome briefing session held at Pohang Knowledge Industry Center in Gyeongbuk Province on April 27 for project accomplishments review and discussions.   After discussions, the Vice Minister toured the major facilities of companies participating in the FEZ Project, including the Institute of Membrane Proteins (IMP), and encouraged the employees on site.   date2022-04-28