Ministry of Trade, Industry and Energy

Minister Lee presides 4th Nuclear Power Plant Export Strategy Committee Meeting

Trade, Industry and Energy Minister Lee Chang-yang presided the 4th Nuclear Power Plant Export Strategy Committee Meeting on March 29 at the Four Seasons Hotel Seoul to discuss whole-of-Government measures for strengthening exports of nuclear power plant equipment and materials and restoring the industry’s ecosystem.   The Minister gave an opening message and led discussions on plans for assisting the mutual growth of nuclear power plant SMEs and middle-market companies through spec date2023-03-30

MOTIE announces 2-track strategy measure to strengthen NPP EM exports

The Ministry of Trade, Industry and Energy (MOTIE) announced strategy measures to strengthen exports of nuclear power plant equipment and materials (NPP EM) at the 4th Nuclear Power Plant Export Strategy Committee Meeting on March 29 at Four Seasons Hotel Seoul. Global demand for NPP EM has recently been on the rise due to the construction of new NPPs and expanding continued operations, while major NPP supplier countries are experiencing weakening EM manufacturing due to abandoned NPP projects, date2023-03-30

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

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

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

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