Ministry of Trade, Industry and Energy

Minister holds meeting with commercial attachés to bolster exports

Trade, Industry and Energy Minister Lee Chang-yang held an emergency meeting with the Ministry’s 29 commercial attachés stationed in 26 countries, so as to achieve export growth for 2023 and seek preemptive action against major countries’ trade protectionism measures amid difficult export conditions.   Minister Lee gave an opening message and led discussions on measures to overcome export crisis, including policy directions on trade, energy and industry. date2023-03-09

MOTIE makes announcement on Korea-Japan export control status

The Ministry of Trade, Industry and Energy (MOTIE) announced as follows on March 6 regarding Korea-Japan export control issues: Governments of both countries have decided to swiftly proceed with relevant bilateral talks for them to return to the export control status prior to July 2019. The Korean government will be halting the World Trade Organization (WTO) dispute settlement resolution procedures while above talks proceed. The Japanese government will be holding a Korea-Japan expo date2023-03-09

Minister holds meeting with commercial attachés to bolster exports

Trade, Industry and Energy Minister Lee Chang-yang held an emergency meeting with the Ministry’s 29 commercial attachés stationed in 26 countries, so as to achieve export growth for 2023 and seek preemptive action against major countries’ trade protectionism measures amid difficult export conditions. MOTIE’s commercial attachés are stationed across a total of 36 countries where they monitor various trade and market conditions and engage in negotiations with gover date2023-03-09

Korea and Uzbekistan hold 1st bilateral energy dialogue

The Ministry of Trade, Industry and Energy (MOTIE)’s Energy Industry Deputy Minister Cheon Young-gil held the 1st Korea-Uzbekistan Energy Dialogue with Azim Israilovich Akhmedkhajaev, First Deputy Minister at Ministry of Energy of the Republic of Uzbekistan, on March 7 in Seoul to share energy policies and discuss measures to expand cooperation in renewable energy and energy efficiency. The meeting is meaningful in that it is the first official Korea-Uzbekistan energy dialogue held in acc date2023-03-08

Trade Minister holds 3rd IPEF public-private joint strategy meeting

Minister for Trade Dukgeun Ahn held the third Indo-Pacific Economic Framework for Prosperity (IPEF) public-private joint strategy meeting on March 6 at the Korean Chamber of Commerce and Industry (KCCI) to discuss future directions and share IPEF negotiation progress.   The meeting was attended by experts of relevant economic groups, various committees and R&D institutes, including Korea International Trade Association (KITA), Korea Federation of Small and Medium Business (KBA) and Ko date2023-03-08

Trade Minister holds 3rd IPEF public-private joint strategy meeting

Minister for Trade Dukgeun Ahn presided the third Indo-Pacific Economic Framework for Prosperity (IPEF) public-private joint strategy meeting on March 6 at the Korean Chamber of Commerce and Industry (KCCI) held by the Ministry of Trade, Industry and Energy (MOTIE) to discuss future directions and share IPEF negotiation progress with economic groups, various committees and R&D institutes. The first official round of IPEF negotiations were launched in December 2022 in Australia, and current date2023-03-08

Korea announces regulatory innovation for high-tech robot industry

The Ministry of Trade, Industry and Energy (MOTIE) announced on March 2 the regulatory innovation measures for Korea’s high-tech robot industry at the 3rd Regulatory Innovation Strategy Meeting held at the Metaverse Hub in Pangyo to swiftly implement aggressive deregulation for creation of new businesses, in view of the robot industry’s capacity to enhance productivity, prevent manpower shortage and generate new future industries. The regulatory innovation measures will center aroun date2023-03-07

Korea ups refund rate of energy-efficient program for socially vulnerable

The Ministry of Trade, Industry and Energy (MOTIE) announced on March 1 that it will be implementing a 10-20 percent refund program as of March 2 for energy-efficient home appliance purchases for approximately socially vulnerable households (app. 3.5 million) in Korea to mitigate financial burden amid surging energy prices. The refund program is the Korea government’s “energy conservation and efficiency improvement” policy in order to fundamentally transition to low energy con date2023-03-03

2nd Vice Minister presides Green Home Initiative Startup Conference

Trade, Industry and Energy 2nd Vice Minister Park Il-jun presided the Green Home Initiative Startup Conference on February 28 at the Korea International Trade Association (KITA) to share technology & business updates on home & building energy management and to discuss Green Home Initiative’s future direction.   Vice Minister Park gave an opening message and led discussions on energy supply management for homes and buildings, as well as support programs run by public institut date2023-03-02

Trade Minister presides 4th Multilateral Trade Strategy Assessment Meeting

Minister for Trade Dukgeun Ahn held the 4th Multilateral Trade Strategy Assessment Meeting on February 27 at the Government Complex Sejong to discuss the currently ongoing negotiations in preparation for the 13th WTO Ministerial Conference (MC13) and response measures for the WTO reform.    Trade Minister Ahn remarked that Korea will seek to play a major role in facilitating investment and contribute to the WTO reform dialogue so that the MC13 next year can create meaningful outcomes date2023-03-02