Ministry of Trade, Industry and Energy

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

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