Ministry of Trade, Industry and Energy

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

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