Ministry of Trade, Industry and Energy

Korea and UAE to pursue summit outcome follow-up measures

Trade, Industry and Energy Minister Lee Chang-yang of the Republic of Korea met with United Arab Emirates (UAE)’ Economy Minister Abdulla Bin Touq Al Marri on July 7 on the occasion of the latter’s visit to Korea and exchanged views on the January bilateral summit outcomes and future economic cooperation in trade, investment, advanced industries, technology and energy. During the talks, the two ministers assessed that the 48 agreements and memorandums of understanding (MOUs) to date2023-07-13

Korea holds Trade and Security 2023

Minister for Trade Dukgeun Ahn attended the Trade and Security 2023 on July 5 at the InterContinental Seoul COEX, held to raise awareness of trade security among companies and the public and to encourage contributors to the development of Korea’s export control system.   In his opening message, Trade Minister Ahn awarded 20 top contributors to trade security, including companies, organizations and individuals that were exemplary in their implementation in accordance with Korea&rsquo date2023-07-13

1st Vice Minister chairs Semiconductor MPE Industry Conference

Trade, Industry and Energy 1st Vice Minister Jang Young-jin chaired the Semiconductor MPE (materials, parts, equipment) Industry Conference on July 7 at Dongjin Semichem in Gyeonggi-do to gather companies’ opinions on current challenges and to discuss on-site support measures.   The conference was attended by representatives of relevant firms and associations, including Dongjin Semichem CEO Lee Chun-hyuk, S-Tech Corp. CEO Lee Jong-rim and Korea Semiconductor Industry Association (KS date2023-07-12

Korea and Lithuania discuss measures to expand bilateral cooperation

Korea’s Minister for Trade Dukgeun Ahn met with Lithuania’s Economy and Innovation Minister Aušrinė Armonaitė on July 6 in Seoul and discussed measures for bilateral cooperation. date2023-07-12

Korea and Lithuania seek to bolster industrial & trade cooperation

Korea’s Minister for Trade Dukgeun Ahn met with Lithuania’s Economy and Innovation Minister Aušrinė Armonaitė on July 6 in Seoul and discussed measures for Korea-Lithuania cooperation. The meeting was held on the occasion of Minister Armonaitė’s visit to Korea to attend Laser Korea 2023 accompanied by Lithuania’s eight major laser companies, including Light Conversion and Ekspla. Laser Korea 2023 is an international event showcasing the latest laser technolog date2023-07-12

2nd Vice Minister chairs meeting to assess nuclear facility export projects

Trade, Industry and Energy 2nd Vice Minister Kang Kyung-sung chaired the nuclear facility export project assessment meeting at K-SURE in Seoul on July 5 to discuss measures for promoting related projects and assistance for exporting nuclear power plant facilities and equipment.   The meeting was attended by representatives of relevant companies, including Korea Hydro & Nuclear Power (KHNP) President Hwang Ju-ho, Korea Electric Power Corporation (KEPCO) Executive Vice President Lee Heu date2023-07-12

Korea launches public-private joint SMR Alliance

The Government of the Republic of Korea and the industrial sector are teaming up to lead the market for small modular reactors (SMRs). At the launching ceremony for the public-private joint SMR Alliance (chaired by SK Inc.) held on July 4, the participants announced the future strategic plans and inked business agreements. The SMR Alliance is composed of 42 entities, including 11 state-run and Government organizations such as the Ministry of Trade, Industry and Energy (MOTIE), Korea Hydro date2023-07-11

Korea honors top contributors to trade security

The Ministry of Trade, Industry and Energy (MOTIE) of the Republic of Korea held the 'Trade and Security 2023' commemoration ceremony on July 5 at the COEX Intercontinental Hotel. The event was attended by more than 200 people, including those of trade security merits, CEOs of export companies, and experts from Korea and abroad. This event, which marks its 13th anniversary this year, aims to raise awareness for trade security among companies and citizens and encourage exporters and related inst date2023-07-11

Minister Lee attends Korea-Japan Industrial Cooperation Forum

Trade, Industry and Energy Minister Lee Chang-yang attended the Korea-Japan Industrial Cooperation Forum on July 6 at the Federation of Korean Industries (FKI) Tower in Seoul.   In his congratulatory message, the Minister encouraged both countries’ business leaders to make use of this opportunity to deliver tangible outcomes for the public, while bolstering cooperation in emerging future industries like battery, digital and bio, as well as in establishing semiconductor and advanced date2023-07-11

Korea and Japan hold Industrial Cooperation Forum

The Ministry of Trade, Industry and Energy (MOTIE) of the Republic of Korea announced that the Federation of Korean Industries (FKI) and the Japan Business Federation (JBF) co-hosted the Korea-Japan Industrial Cooperation Forum on July 6 at the FKI Tower in Seoul. Approximately 70 government and business representatives of both countries attended the forum to discuss issues in manufacturing, finance and economy relating to various sectors. In his congratulatory message, MOTIE’s Minister date2023-07-11