Ministry of Trade, Industry and Energy

President Yoon presides 1st Exports Strategy Meeting

President Yoon Suk-yeol presided the first Exports Strategy Meeting on November 23, which was held by the Ministry of Trade, Industry and Energy (MOTIE) and the Ministry of Land, Infrastructure and Transport (MOLIT) to announce special exports strategies for each major region and stronger exports assistance measures. The purpose of the meeting is for the Korean government to give full measure to supporting exports and seeking out new growth engines against the backdrop of persisting trade defic date2022-11-28

Korea and Canada discuss industry and investment cooperation

Trade, Industry and Energy Minister Lee Chang-yang held talks with Canada’s Minister of Innovation, Science and Industry François-Philippe Champagne on November 25 at the Government Complex Seoul on core industries cooperation, trade and investment expansion measures, and requested support for World EXPO 2030 Busan. date2022-11-28

Minister presides 2022 MOTIE Policy Advisory Committee

Trade, Industry and Energy Minister Lee Chang-yang held the 2022 MOTIE Policy Advisory Committee meeting on November 25 at the Korea Chamber of Industry and Commerce (KCCI) to seek preliminary risk assessment with private sector experts amid inflation, prolonged war and other uncertainties.   Minister Lee gave an opening message, then facilitated discussions on preemptive measures to address the overall economic and financial risks across industries amid the “three highs” (i date2022-11-28

2nd Vice Minister attends Design Korea 2022

Trade, Industry and Energy 2nd Vice Minister Park Il-Jun attended the opening ceremony of Design Korea 2022 held on November 23 under the theme of “Mega Impact Design Trends 2023 & Beyond” and awarded 51 medals and orders of merit to contributors to Korea’s design competitiveness advancement.   Vice Minister Park gave a congratulatory message after attending the ribbon cutting ceremony and touring the exhibition booths, then awarded 51 awardees medals and orders of m date2022-11-28

2nd Vice Minister attends Construction Vision Forum seminar

Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the 219th International Seminar of the Construction Vision Forum on November 23 in Seoul to discuss the “current status of nuclear power in the UK and plans for Korea-UK cooperation.”   The 2nd Vice Minister stated in his congratulatory message that he looked forward to seeing “Korea-UK nuclear power cooperation expand” and called for the two countries' closer private sector collaboration regarding U date2022-11-25

Minister attends 3rd Nuclear Energy Exports Strategy Committee meeting

Trade, Industry and Energy Minister Lee Chang-yang attended the 3rd Nuclear Energy Exports Strategy Committee on November 23, held to seek expansion of Korea’s nuclear power plant and related industries’ market presence abroad and boost competitiveness.   Minister Lee gave opening remarks and facilitated discussions on follow-up measures to the nuclear reactor MOU signed with Poland, equipment and materials exports project, and integrating support for nuclear energy exports to date2022-11-25

Korea and Iceland discuss trade and economic cooperation

Minister for Trade Dukgeun Ahn met with Iceland’s Minister of Tourism, Trade and Culture Lilja Dögg Alfreðsdóttir on November 21 at the Lotte Hotel Seoul to discuss measures for trade and economic cooperation, and requested support for World EXPO 2030 Busan. date2022-11-25

Minister Lee and Denmark's Vestas CEO discuss investment

Trade, Industry and Energy Minister Lee Chang-yang met with Henrik Andersen, CEO of Vestas, the world-leading Danish manufacturer, seller, installer, and servicer of wind turbines, on November 22 at the Government Complex Seoul to discuss investment and turbine plant establishment in Korea. date2022-11-24

Minister attends Yongin Semiconductor Cluster cooperation MOU signing ceremony

Trade, Industry and Energy Minister Lee Chang-yang attended the memorandum of understanding (MOU) signing ceremony for the “win-win cooperation” for the successful progress of Yongin Semiconductor Cluster on November 21 at the National Assembly main hall in Seoul.   In his congratulatory message, Minister Lee thanked institutions for their cooperation in resolving the construction permit delay issue and assured that joint efforts will be made in tandem with the National Assemb date2022-11-24

Korea and Ecuador hold 8th round of SECA negotiations

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 22 that the eighth round of official negotiations for Korea-Ecuador Strategic Economic Cooperation Agreement (SECA) will be held through November 21-25 in Quito, Ecuador. SECA is identical in content with FTA, but places emphasis on comprehensive economic cooperation. The Korean delegation is headed by FTA Policy Director-General Yang Gi-uk, while Ecuador’s is led by Edwin Vasquez, Under-Secretary of Trade Negotiati date2022-11-23