Ministry of Trade, Industry and Energy

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

Trade Minister attends Asian Business Summit 2023

Minister for Trade Dukgeun Ahn attended the Asian Business Summit 2023 on July 5 in Seoul, which was held to strengthen cooperation between East Asia and newly emerging economic powers, and to seek measures for Asia’s intraregional economic integration.   In his congratulatory speech, Trade Minister Ahn stated that the Korean government aims to promote freedom and prosperity across the Indo-Pacific region through solidarity and cooperation with Asian countries, and requested active date2023-07-11

Korea holds SMR Alliance Launching Ceremony

Trade, Industry and Energy Minister Lee Chang-yang attended the Small Modular Reactor (SMR) Alliance Launching Ceremony on July 4 at the Westin Josun Seoul.   In his opening message, he stated that “the public and private sectors must work together to respond to changes that will be brought on by SMRs and formulate business measures worthy of the public’s trust, and the Government will give full measure to provide full support for SMR industry development.”   The date2023-07-10

Minister Lee attends Middle-Market Companies Job Expo 2023 opening ceremony

Trade, Industry and Energy Minister Lee Chang-yang attended the opening ceremony for the Middle-Market Companies Job Expo 2023 on July 3 at COEX in Seoul.   In his opening message, Minister Lee stated that “middle-market companies are the main source of quality jobs for the youth, so we look forward to their bold investments, creativity and innovation in this regard,” and added that “the Government will also increase support to expand middle-market companies' global comp date2023-07-10