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Industry
MOTIE announces appointment of "Baby Shark" as 5th ambassador for World Expo 2030 Busan
The Ministry of Trade, Industry and Energy (MOTIE) announced on March 28 that “Baby Shark”, created by the Korean company Pinkfong, has been appointed as the fifth official honorary ambassador for World Expo 2030 Busan by the World Expo 2030 Busan Bid Committee and Busan Metropolitan City. Loved by kids and parents from all around the world, Baby Shark is an animated character created in 2016 and will promote Busan City as host for World Expo 2030 as the fifth honorary ambassador al date2023-03-29
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Industry
1st Vice Minister attends 4th International Conference on Robot Future Strategy
Trade, Industry and Energy 1st Vice Minister attended the 4th International Conference on Robot Future Strategy on March 28 at COEX to discuss changing lifestyles from high-tech convergence of robotics, AI and mobility and to seek future direction for the robotics industry. The conference was attended by in industry, academia and R&D robotics experts, including Korea Institute for Robot Industry Advancement (KIRIA) President Shon Woong Hee, Korea Association of Robot Industry Chairm date2023-03-29
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Industry
Korea's retail industry grows 7.9% in February
The Ministry of Trade, Industry and Energy (MOTIE) announced on March 28 that Korea’s retail sales in February achieved an overall growth of 7.9 percent, year-on-year. Offline and online sales both expanded, by 8.0 percent and 7.8 percent, respectively. The Ministry releases monthly retail sales figures based on surveys of 25 major retailers. Thirteen of them are brick-and-mortar retailers: three department store chains, three hypermarket chains, three convenience store chains, and four date2023-03-29
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Industry
1st Vice Minister holds 37th Business Realignment Deliberative Committee Meeting
Trade, Industry and Energy 1st Vice Minister Jang Young-jin presided the 37th Business Realignment Deliberative Committee Meeting on March 24 at the Plaza Hotel Seoul and approved business realignment plans of nine SMEs and middle-market companies entering digital and eco-friendly sectors. Approximately 20 persons attended the meeting, including government officials and civil committee members. date2023-03-28
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Energy
Korea and Australia sign fuel cell export cooperation MOU
Trade, Industry and Energy 2nd Vice Minister Park Il-jun gave an opening message at the Fuel Cell Export Vision Declaration Ceremony on March 23 held in Seoul, where he also attended the exports MOU signing ceremony between Korea Hydrogen Fuel Cell Industry Association and the Australian Hydrogen Council. The ceremony was attended by approximately 100 persons, including Hydrogen Convergence Alliance (H2KOREA) head Moon Jae-do, Doosan Fuel Cell COO Che Hu-seok and Catherine Raper, Ambass date2023-03-28
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Energy
2nd Vice Minister inspects freeze protection system site for fire safety
Trade, Industry and Energy 2nd Vice Minister Park Il-jun visited the LG Science Park in Seoul on March 22 to inspect fire prevention management conditions and implementation progress of safety improvement measures at a freeze protection system site as preparation against winter season fires. The Vice Minister received a briefing on safety management of freeze protection system installation site from Korea Electrical Safety Corporation (KESCO) President Park Ji-hyun and GS E&C Direct date2023-03-28
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Trade/Investment
Trade Minister discusses measures for promoting export to Japan
Minister for Trade Dukgeun Ahn held a conference on March 22 at COEX in Seoul with domestic companies exporting to Japan and discussed measures for expanding exports to Japan and gathered industry opinions. The conference was held to seek measures for boosting exports to Japan and strengthening industrial and trade cooperation by capitalizing on the improving Korea-Japan relations following the recent summit meeting in Tokyo. Japan is one of Korea’s four major importers, a core market, a date2023-03-28
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Energy
MOTIE launches 7th Energy Commission
Trade, Industry and Energy Minister Lee Chang-yang presided the 28th Energy Commission meeting and launched the 7th Energy Commission at the Lotte Hotel Seoul on March 24 to discuss major energy policy directions. The Minister presented certificates of appointment to the newly commissioned 7th Energy Commission members and led deliberation on agenda items, including global energy prices and forecasts, and measures for energy efficiency innovation and energy conservation. T date2023-03-27
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Energy
MOTIE launches 7th Energy Commission
Trade, Industry and Energy Minister Lee Chang-yang launched the 7th Energy Commission (hereinafter “Commission”) and held the 28th Energy Commission meeting at the Lotte Hotel Seoul on March 24. The newly appointed 25 Commission members consist of a balanced mix of experts with professional careers currently in areas like power generation, nuclear power plants, renewables, hydrogen, resources, and those with academic backgrounds in economics, law and engineering. In his opening mes date2023-03-27
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Industry
1st Vice Minister attends MPE Enterprise Awards Ceremony 2023
Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the Global Top Specialty MPE Enterprise Awards Ceremony 2023 on March 22 in Seoul and presented award certificates to 23 companies selected for having the nation’s top potential in materials, parts and equipment (MPE) strategic technology. Approximately 300 persons attended the event, including Korea Evaluation Institute of Industrial Technology (KEIT) President Chun Yoon-jong and various MPE companies’ rep date2023-03-24