Ministry of Trade, Industry and Energy

The 4th Korea-China Ministerial Dialogue on Industrial Cooperation

Trade, Industry, and Energy Minister Moon Sung-wook presided a meeting with China’s Industry and Information Technology Minister Xiao Yaqing at the Sejong Government Complex on January 25 to discuss furthering of measures for mutual cooperation. Minister Moon noted how Korea and China, on the strong foothold of FTA, both recorded historic trade achievements in 2021 even in the face of prolonged COVID-19 pandemic and ensuing global economic challenges. He stated that this meeting will play date2022-01-26

Vice Minister attends 1st Balanced National Development Day Ceremony

Trade, Industry and Energy 1st Vice Minister Park Jin-kyu attended the 1st Balanced National Development Day Ceremony held at Sejong City Hall on January 25. The event was held to honor the Balanced National Development Day, which has been designated to be on January 29th of every year according to the Special Act on Balanced National Development and its revised enforcement decree. The ceremony commenced with a progress report of balanced national development, then followed by video viewing, date2022-01-26

Cabinet passes National High-Tech Strategic Industries Special Act

Trade, Industry and Energy Minister Moon Sung-wook announced at the 5th Cabinet meeting held on Janaury 25 the passing of the legislative bill for the National High-Tech Strategic Industries Special Act.   The Special Act aims to nurture and protect Korea’s high-tech strategic industries for building national and economic security as well as gaining high-tech competitiveness, and its details are as follows:   1) Form a National High-Tech Strategic Industries Committee un date2022-01-25

Korea's automobile exports reach $46.5 billion in 2021

The Ministry of Trade, Industry and Energy announced on December 18 that Korea’s automobile export value for 2021 increased 24.2% to USD 46.5 billion, and export volume increased by 8.6% to 2.1 million units. In terms of automobile production and domestic sales, the industry saw declines of 1.3 percent and 8.5 percent, respectively.   The export value maintained previous year-level growth despite prolonged COVID-19 pandemic difficulties. Hybrid cars exports (up by 71.0%) were the st date2022-01-19

MOTIE visits Agency for Defense Development

Trade, Industry and Energy 1st Vice Minister Park Jin-kyu visited the Agency for Defense Development (ADD) in Daejeon on January 17, 2022 to promote cooperation among ADD, MOTIE, and the Defense Acquisition Program Administration (DAPA) for space industry development. With regard to space industry development, Minister Park addressed that it is critical to foster a virtuous cycle ecosystem for launching and demonstrating satellites made up of Korea’s domestic materials, parts, and equipme date2022-01-19

Minister Moon attends 2022 Korea Space Forum

Trade, Industry, and Energy Minister Moon Sung-wook attended the 2022 Korea Space Forum hosted by Korea Aerospace Industries Association (KAI) and the Korean Society for Aeronautical & Space Sciences (KSAS) at the Marriott Hotel in Seoul on January 14.   Minister Moon delivered a congratulatory message, noting that despite the high entry barrier of capital and technology posed by the aerospace industry, it is a long-term and stable source of income and offers quality job creation op date2022-01-17

2022 Global Top Specialty MPE Enterprise Awards Ceremony

Trade, Industry, and Energy Minister Moon Sungwook held an awards ceremony on January 10 at the Four Seasons Hotel in Seoul for awarding 21 materials, parts, and equipment (MPE) enterprises under the theme of “Global Top Specialty MPE Enterprises! Going Global! Into the Future!”   At the event, Minister Moon delivered a congratulatory message projecting Korea’s vision for building up highly promising domestic MPE companies to lead the core strategic technology secto date2022-01-13

MOTIE holds 16th public-private joint meeting on industrial security

Trade, Industry and Energy 1st Vice Minister Park Jin-kyu held the 16th Public-Private Joint Meeting on Industrial Security at the Korea Chamber of Commerce and Industry on January 5, 2022. The meeting addressed tightened environmental regulations of major countries, the Omicron pandemic and developing pre-emptive response measures for recent supply chain issues. Minister Moon urged that “thorough analysis and countermeasures are key priorities to overcoming the present crisis,” and date2022-01-12

Minister Moon attends 2022 Business Leaders’ New Year’s Greetings

Trade, Industry and Energy Minister Moon Sungwook attended the 2022 Korean Business Leaders’ New Year’s Greetings held at the Korea Chamber of Commerce and Industry (KCCI) in Seoul on January 4, 2022.    Also at the event were South Korea’s Prime Minister Kim Bu-gyeom, KCCI Head and SK Group Chairman Chey Tae-won, Minister of Economy and Finance Hong Nam-ki among 150 key figures, including Korea’s business magnates, government leaders, National Assembly m date2022-01-11

MOTIE announces 2022 Work Report

The Ministry of Trade, Industry, and Energy announced on December 28 the Ministry's work report for 2022, titled “Building Korea into an Industrial Power, Overcoming & Rising Together” date2022-01-04