Ministry of Trade, Industry and Energy

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

1st Vice Minister attends Korea Technology Center Opening Ceremony

Trade, Industry and Energy 1st Vice Minister Park Jin-kyu attended the Korea Technology Center (KTC) Opening Ceremony hosted by Lam Research on April 26 in Yongin, Gyeonggi Province.   In his message, Vice Minister congratulated the completion of the awaited KTC within the Jigok General Industrial Complex, and participated in the LED touchscreen ceremony in recognition of the official launching of the R&D Center and to encourage Lam Research in its push to develop the semiconductor in date2022-04-26

First Vice Minister attends Korea Technology Center Opening Ceremony

Trade, Industry and Energy 1st Vice Minister Park Jin-kyu attended the Korea Technology Center (KTC) Opening Ceremony at the Jigok General Industrial Complex located in Yongin, Gyeonggi Province on April 26, held by the global semiconductor company Lam Research. KTC is an R&D center established within the Jigok Industrial Complex by Lam Research. It was completed in February of this year, and is set to headquarter Lam Research Korea in the near future. The world’s 3rd largest semico date2022-04-26

SMEs and Middle Market Companies Regulatory Improvement Conference

Trade, Industry, and Energy Minister Moon Sung-wook attended the “SMEs and Middle Market Companies Regulatory Improvement Conference” on April 22 at the Korea Chamber of Commerce and Industry (KCCI) in Seoul to gather opinions of SME and middle market business leaders and discuss measures for regulatory improvement. Minister Moon gave an opening message, stressing the importance of public-private cooperation for swift regulatory improvement and resolving of issues when considering t date2022-04-25

1st Korea-Sweden Joint Industrial Cooperation Committee Meeting

Trade, Industry, and Energy 1st Vice Minister Park Jin-kyu attended the 1st Korea-Sweden Joint Industrial Cooperation Committee Meeting held on April 20 at the Lotte Hotel Seoul.    The Vice Minister delivered a congratulatory message, observing how “Korea-Sweden trade and investments are rapidly growing, their breadth of cooperation stretching across various sectors like bio, semiconductors, and batteries.” Noting the two countries’ similarities in robust manufactu date2022-04-21

Minister Moon visits Boeing Korea Engineering & Technology Center

Trade, Industry, and Energy Minister Moon Sung-wook visited the Boeing Korea Engineering & Technology Center (BKETC) in Seoul on April 20 to tour the AR- and AI-based aviation technology development site and encourage the workers for their technological innovations and contribution to Korea-U.S. cooperation.   Minister Moon received a briefing on Boeing’s space freighter services, satellite-based internet business (November, 2021), and its plans to launch 147 satellites over the date2022-04-20

Trade Minister holds IPEF public-private digital trade meeting

Trade Minister Yeo Han-koo held a meeting on April 14 at the Korea Chamber of Commerce and Industry (KCCI) office in Seoul to discuss public-private digital trade response measures with regard to the Indo-Pacific Economic Framework (IPEF).   After his opening remarks, Minister Yeo led the group in discussions on public-private joint efforts in responding to the digital trade transition landscape.   The meeting was attended by approximately 20 persons consisting of officials and ind date2022-04-14