Ministry of Trade, Industry and Energy

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

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

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

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

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

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

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

Korea and Israel kick smart mobility cooperation into high gear

The Ministry of Trade, Industry and Energy (MOTIE) held the Korea-Israel Innovation Day with the Israel Innovation Authority in Tel Aviv on March 21 with representatives from both countries’ industry, academia and R&D there to further bolster smart mobility technology cooperation. Korea and Israel have joint investments adding up to approximately USD 77 million, and 196 international joint R&D projects. This year, the two countries will focus on smart mobility, a rapidly growing date2023-03-24

MOTIE announces U.S.' proposed rule for CHIPS Incentives Program

The Ministry of Trade, Industry and Energy (MOTIE) announced on March 21 the U.S. Department of Commerce (DOC)’s release of the proposed rule for guardrails included in the CHIPS Incentives Program under the CHIPS and Science Act (Creating Helpful Incentives to Produce Semiconductors and Science Act of 2022), limiting recipients of funding from investing in the expansion of semiconductor production capacity in “foreign countries of concern (China, North Korea, Russia, Iran)”. date2023-03-24

Trade Minister discusses measures to expand exports to Japan

Minister for Trade Dukgeun Ahn presided a conference with Korean companies exporting to Japan at the Korea World Trade Center (COEX) in Seoul on March 22 to discuss measures to expand exports to Japan and gather industry opinions.   Prior to the conference, Trade Minister Ahn visited the KTOWN4U store at COEX, a complex cultural space run by KTOWN4U, the world-leading K-pop online goods store, and listened to a briefing on company management and challenges from CEO Song Hyo-min and discus date2023-03-23