Ministry of Trade, Industry and Energy

MOTIE announces U.S. firms will invest $1.9 bil. in Korea's chips, hydrogen & green businesses

The Ministry of Trade, Industry and Energy (MOTIE) announced on April 26 that on April 25 at the American Chamber of Commerce in Korea (AmCham), on the occasion of President Yoon Suk-yeol’s state visit to the U.S., six U.S. firms agreed to invest a total of USD 1.9 billion in Korea’s hydrogen, semiconductor and eco-friendly businesses. This investment is substantially larger than the formerly $1.2 billion pledged during the North American investors’ roundtable held last Septem date2023-04-26

2nd Vice Minister attends hydrogen bus handover & production base completion ceremony

Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the ceremony on April 18 at the Incheon Green Energy Shinheung Traffic bus garage held to recognize the hydrogen bus handover and Incheon hydrogen production base completion, where he toured the production and charging facilities and encouraged site workers. In his opening message, Vice Minister Park stated that the recently increased hydrogen bus supply will bring the general public a step closer to hydrogen economy, and that date2023-04-26

Minister Lee discusses measures to raise Korea's potential growth with leading economists

Trade, Industry and Energy Minister Lee Chang-yang chaired a conference with Korea’s leading economists and national policy experts on April 19 at the Plaza Hotel Seoul to discuss measures to secure potential growth for Korea to develop into a leading global economy with respect to labor, capital and total factor productivity.   The conference was attended by a number of professors, economists, and representatives of relevant public institutions, including Lee Seung-heon, Senior Dep date2023-04-25

Minister Lee discusses measures to raise Korea's potential growth with leading economists

Trade, Industry and Energy Minister Lee Chang-yang chaired a conference with Korea’s leading economists and national policy experts on April 19 at the Plaza Hotel Seoul to discuss measures to secure potential growth for Korea to develop into a leading global economy with respect to labor, capital and total factor productivity. The conference was attended by a number of professors, economists, and representatives of relevant public institutions, including Lee Seung-heon, Senior Deputy date2023-04-25

MOTIE holds 3rd Korea-Middle East Economic Cooperation Support Working Group

Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin chaired the 3rd Korea-Middle East Economic Cooperation Public-Private Joint Committee Support Working Group Meeting on April 19 at the Korea Chamber of Commerce and Industry (KCCI). The meeting was attended by representatives of a total of 20 institutions, including Korea International Trade Association (KITA), Korea Trade-Investment Promotion Agency (KOTRA), K-SURE. and relevant ministries like the Ministry of Scie date2023-04-25

Minister Lee chairs central-regional energy efficiency innovation consultation session

Trade, Industry and Energy Minister Lee Chang-yang chaired a consultation session on April 19 at the Government Complex Seoul to discuss measures for effectively spreading the energy conservation efforts nationwide through a cooperative system among local governments for central and regional energy efficiency innovation. In his opening message, Minister Lee led discussions on measures to strengthen promotion for spurring the nationwide energy saving boom, taking each local government’s sp date2023-04-25

Korea to push energy efficiency innovation campaign nationwide

Trade, Industry and Energy Minister Lee Chang-yang chaired a consultation session on April 19 at the Government Complex Seoul on measures for central and regional energy efficiency innovation. The session was held to discuss measures for effectively spreading the energy conservation efforts nationwide through a cooperative system among local governments following the pan-ministerial energy efficiency innovation consultation meeting held on March 14. During the session, Minister Lee announced t date2023-04-24

Korea and Poland discuss trade, investment & defense cooperation

Trade, Industry and Energy 1st Vice Minister Jang Young-jin met with Undersecretary of State in the Office of the Prime Minister of Poland Izabela Antos and Secretary of State in the Ministry of Development and Technology Piotr Uscinski on April 19 and 20, respectively, in Poland to discuss trade, investment, industrial technology cooperation, Korea-Poland infrastructure and defense cooperation, EU steel safeguard measures and other EU trade issues. date2023-04-21

MOTIE holds 11th MPE Industry Competitiveness Committee meeting

The Ministry of Trade, Industry and Energy (MOTIE) held the 11th MPE (materials, parts and equipment) Industry Competitiveness Committee meeting on April 18 at the Government Complex Seoul and announced the Ministry’s plan to nurture MPE firms into global companies with top-notch technological competitiveness, to advance the domestic supplier-buyer cooperation model, as well as the standardization strategy for rare earth minerals.   The meeting was attended by representatives of rel date2023-04-21

Korea and Hungary discuss trade & investment cooperation & sign TIPF MOU

Trade, Industry and Energy 1st Vice Minister Jang Young-jin met with Hungarian Deputy Foreign Minister Levente Magyar on April 18 in Hungary to discuss measures to bolster bilateral trade, investment and economic cooperation, and signed the Trade and Investment Promotion Framework (TIPF) agreement MOU.   He also met with Hungary's Economic Development Minister Márton Nagy to discuss measures for stronger cooperation in industrial technology and economy.   date2023-04-21