Ministry of Trade, Industry and Energy

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

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