Ministry of Trade, Industry and Energy

Trade Minister discusses IRA issues with U.S.' NSC Deputy National Security Advisor

Minister for Trade Dukgeun Ahn met with Mike Pyle, the Deputy National Security Advisor for International Economic Affairs at the U.S.’ National Security Council (NSC), on November 30 in Seoul and discussed bilateral trade issues between Korea and the U.S., including the Inflation Reduction Act (IRA), CHIPS Act subsidies, and Section 232 steel tariffs. The two sides shared the view that the Korea-U.S. alliance, based on the bilateral summit in April and the Korea-U.S.-Japan tril date2023-12-01

Public and private sectors join heads to seek measures for invigorating facility investment

The Ministry of Trade, Industry and Energy (MOTIE) held an investment conference on November 30 with companies of Korea’s ten major manufacturing sectors to discuss facility investment trends for this year, as well as investment issues and plans for invigorating next year’s facility investment support. On reviewing the KRW 100 trillion investment plans of the ten manufacturing sectors that MOTIE proposed at the beginning of this year, approximately 66 percent of the planned investme date2023-11-30

Government and industry join hands for securing graphite supply chain stability

Industrial Policy Director General Lee Seung-ryeol at the Ministry of Trade, Industry and Energy (MOTIE) chaired the public-private joint graphite supply chain inspection meeting on November 30 at the Korea Chamber of Commerce and Industry (KCCI), where the Government and industry representatives agreed to work closely together in responding to China’s control measures that will take effect on December 1. The meeting was attended by representatives of the Ministry of Economy and Finance ( date2023-11-30

Korea to launch Connected Mobility Alliance for hyperconnected mobility technological convergence

The Ministry of Trade, Industry and Energy (MOTIE) held a general meeting of the public-private Connected Mobility Alliance on November 30 at the Songdo Convensia for nurturing an ecosystem for the connected mobility industry. Approximately 250 representatives of industry, academia and research areas in automobile, self-driving, semiconductor, communications and software gathered at the event to seriously push forward cooperative efforts across differing sectors, such as automobiles and inform date2023-11-30

3rd Innovative Energy Startup C-Tech Forum held to boost growth of energy startups

The Ministry of Trade, Industry and Energy (MOTIE) is holding the 3rd Innovative Energy Startup C-Tech Forum at the FKI Tower in Seoul on November 30, serving as a venue for business consultations to promote growth of SMEs and startups in energy industries. Approximately 150 representatives of SMEs and startups in the energy and climate sectors, finance and investment institutions, government-funded research institutes, and universities gathered to attend the launching ceremony of the Asso date2023-11-30

Korea and Chile hold 8th official negotiating round for upgrading bilateral FTA

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 29 that Korea will begin the eighth official negotiating round for upgrading the Free Trade Agreement (FTA) with Chile, its very first FTA partner, through November 29 to December 1 in Seoul. Negotiations for the Korea-Chile FTA were first launched in December 1999 and the agreement entered into force on April 1 in 2004, contributing to both countries’ economic growth and increasing the bilateral trade volume five-fo date2023-11-29

Korea to initiate support for advancement of the critical minerals recycling sector

The Korean government plans to actively foster the recycling industry for extracting critical minerals from waste materials, including discarded electric vehicles and batteries, to ensure the stability of Korea’s supply chain in view of its considerable dependence on imports for most critical minerals. Held in Seoul, Critical Mineral Recycling Forum 2023 was sponsored by the Ministry of Trade, Industry and Energy (MOTIE) and organized by Korea Mine Rehabilitation and Mineral Resources Cor date2023-11-29

Korea and UAE declare mutual support for CFE and Net Zero Nuclear Initiatives

Trade, Industry and Energy Ministry's Deputy Minister for Energy Policy Lee Ho-hyeon held the Carbon Free Energy Initiative and Net Zero Nuclear Initiative Signing Ceremony on November 24 via videoconferencing for mutual support declaration between MOTIE and the UAE’s Emirates Nuclear Energy Corporation (ENEC). date2023-11-28

Korea and UAE declare mutual support for CFE and Net Zero Nuclear Initiatives

The Ministry of Trade, Industry and Energy (MOTIE) and the Emirates Nuclear Energy Corporation (ENEC) of the United Arab Emirates (UAE) held a videoconference on November 24 to express mutual support for Korea’s Carbon-Free Energy (CFE) Initiative and ENEC’s Net Zero Nuclear Initiative. The declaration of mutual support is significant in that it upholds the global status of the Carbon Free Initiative and emphasizes the importance of nuclear energy as a means for achieving carbon neu date2023-11-28

Korea and Indonesia discuss measures to strengthen cooperation across all energy areas

The Ministry of Trade, Industry and Energy (MOTIE) and Indonesia’s Ministry of Energy and Mineral Resources held the 14th Korea-Indonesia Energy Forum on November 28 and agreed to bolster bilateral cooperation on the supply chain of critical minerals. The two countries have plans to launch on November 29 a Korea-Indonesia Critical Minerals Joint R&D Center through collaboration between the Korea Institute of Geoscience and Mineral Resources (KIGAM) and Indonesia’s Bandung Insti date2023-11-28