Ministry of Trade, Industry and Energy

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

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