Ministry of Trade, Industry and Energy

Korea and Poland discuss energy project at Davos

Trade, Industry and Energy Minister Lee Chang-yang held talks with Jacek Sasin, Poland's Deputy Prime Minister and Minister of State Assets, on January 18 in Davos to discuss the Korea-Poland joint Pątnów project and requested smooth progress of the feasibility study and other follow-up procedures, proposing an intergovernmental letter of intent (LOI) in addition to the one inked between their corporate parties so as to deepen the bilateral partnership. date2023-01-20

Korea holds talks with Poland and Czech Republic on energy cooperation

Trade, Industry and Energy Minister Lee Chang-yang, on the occasion of the World Economic Forum (WEF), held bilateral talks with the industry and energy Ministers of Poland and the Czech Republic on January 18 in Davos to discuss cooperation in nuclear power plants and high-tech industries. Minister Lee met with Jacek Sasin, the Polish Deputy Prime Minister and Minister of State Assets, to discuss cooperation in nuclear power plants. Prime Minister Sasin is one of the key figures leading the tw date2023-01-19

Minister holds investment deal ceremony with top wind turbine producer

Trade, Industry and Energy Minister Lee Chang-yang and Vestas CEO Henrik Andersen, on the occasion of the World Economic Forum (WEF), held an investment deal signing ceremony on January 18 in Davos, regarding Vestas’ $300 million investment to build a large-scale plant in Korea for manufacturing wind turbine equipment and parts with plans of exporting products to the Asia-Pacific region. date2023-01-19

1st Vice Minister holds Display Sector Assessment Meeting

Trade, Industry and Energy 1st Vice Minister Jang Young-jin presided a meeting to assess the real economy of Korea’s display sector on January 18 at the Korea Chamber of Commerce and Industry (KCCI) to resolve investment and exports challenges via active communication with industry parties.   Vice Minister Jang shared the Ministry’s plans for industry support and discussed measures to expand private companies’ facilities investment and exports.   Approximately 10 date2023-01-19

Korea and UAE hold business forum & consultation sessions

Trade, Industry and Energy Minister Lee Chang-yang attended the Korea-UAE Business Forum with President Yoon Suk-yeol on January 16 at the Rixos Marina Abu Dhabi, on the occasion of which 23 MOUs and one agreement were signed in areas like bio, digital transition and metaverse. In energy, six MOUs were signed in areas like joint production in hydrogen and ammonia. Eight MOUs were signed in emerging industry sectors, including ICT (information and communications technology), digital transition a date2023-01-19

Minister attends Korea-UAE Business Forum

Trade, Industry and Energy Minister Lee Chang-yang attended the Korea-UAE Business Forum with President Yoon Suk-yeol on January 16 at the Rixos Marina Abu Dhabi, on the occasion of which 24 MOUs were signed in areas like bio, digital transition and metaverse.   Business consultation sessions were also held at the same venue, with 36 Korean companies and 105 UAE buyers participating for synergy in nuclear power plants, energy, smart city, smart farming and premium consumer goods.   date2023-01-19

Korea and UAE sign MOUs for trade, industry & energy cooperation

The Ministry of Trade, Industry and Energy (MOTIE) announced on January 15 that, on the occasion of President Yoon Suk-yeol’s state visit to the United Arab Emirates (UAE), a total of seven memorandums of understanding (MOUs) were signed between South Korea’s and UAE’s government ministries, institutions and companies for cooperation in energy (5 MOUs), industry (1), trade and investment (1). MOTIE Minister Lee Chang-yang and UAE’s Minister of Industry and Advanced Techn date2023-01-18

Korea announces growth acceleration scheme for middle-market companies

  The Ministry of Trade, Industry and Energy (MOTIE) announced on January 16 the growth acceleration scheme for middle-market companies to be pushed by South Korea’s new regime, during a conference held at MCNEX (Incheon), one of the world’s top automotive camera producers. The conference was attended by MOTIE’s 2nd Vice Minister Park Il-jun, as well as representatives of six middle-market companies and relevant institutions, including the Korea Trade-Investment Promoti date2023-01-17

2nd Vice Minister holds Middle-Market Industry Conference

Trade, Industry and Energy 2nd Vice Minister Park Il-jun presided the Middle-Market Industry Conference on January 16 in Incheon to share growth acceleration strategies and challenging issues per company.   The Vice Minister remarked in his opening message that “middle-market companies make up the backbone of Korean industries and will play a core role for the Korean economy in overcoming current challenges and making new leaps,” and that “the first agenda for our econom date2023-01-17

Trade Minister holds MOU ceremony for trade promoting institutions

Minister for Trade Dukgeun Ahn held an MOU signing ceremony with the Trade Promotion Institutions Committee on January 13 in Seoul to promote close communication and cooperation between the Government and exports supporting institutions amid the rapidly changing trade environment.   The event was attended by representatives of relevant ministries and institutions, including the Ministry of SMEs and Startups, Korea Customs Service, Korea International Trade Association (KITA) and Korea Tra date2023-01-16