Ministry of Trade, Industry and Energy

Minister holds “Public Institutions’ Energy Diet Resolution 10”

Trade, Industry and Energy Minister Lee Chang-yang held the “Public Institutions’ Energy Diet Resolution 10” on October 6 at the Seoul Energy Dream Center, in which 16 major institutions’ representatives attended to announce the energy saving policies and implementation plans going forward.   The representatives recited and signed the resolution stating goals of 1) achieving minimum 10 percent energy saving 2) practicing the five principles of winter season energy date2022-10-07

Minister holds “Public Institutions’ Energy Diet Resolution 10”

Trade, Industry and Energy Minister Lee Chang-yang held the “Public Institutions’ Energy Diet Resolution 10” on October 6 at the Seoul Energy Dream Center, in which 16 major institutions’ representatives attended to announce the energy saving policies and implementation plans going forward. The representatives recited and signed the resolution stating goals of 1) achieving minimum 10 percent energy saving 2) practicing the five principles of winter season energy saving a date2022-10-07

Trade Minister holds 2nd Exports Assessment Meeting

Trade Minister Ahn Duk-geun presided the second meeting for exports assessment with relevant institutions’ and industries’ representatives on October 6 at the Korea International Trade Association (KITA) to announce the launching of Exports Situation Room (ESR) and assess Korea’s trade.   The trade chief gave an opening message and discussed recent trade issues and forecasts per sector to seek measures for vitalizing exports and improving the trade balance.   The date2022-10-06

Trade Minister holds 2nd Exports Assessment Meeting

Trade Minister Ahn Duk-geun presided the second meeting for joint public-private exports assessment with relevant institutions' and industries’ representatives on October 6 at the Korea International Trade Association (KITA) to announce the launching of Exports Situation Room (ESR) and discuss trade issues. The ESR aims to establish communication hotlines across SMEs and support them tackle obstacles and regulatory difficulties in exports and imports procedures. Each SME’s exports date2022-10-06

1st Vice Minister attends 17th Electronics & IT Day

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the 17th Electronics & IT Day on October 5 at COEX in Seoul to award contributors to the national development of electronics and IT industries’ competitiveness.   In his congratulatory message, the Vice Minister encouraged the industry leaders for their hard work despite difficult conditions and assured that “technology development funding shall be provided for the bold attempts of innovation of entrepren date2022-10-05

FDI pledged to Korea in Q3 surpass $20 billion

The Ministry of Trade, Industry, and Energy announced on October 5 that foreign direct investments (FDIs) pledged to Korea in the third quarter of this year jumped 18.2 percent year-on-year to USD 21.5 billion, the first time to enter the 20 billion thresholds. The FDIs arrivals in Korea over the same period contracted 6.7 percent to $11.2 billion. In spite of investment uncertainties like global inflation and interest rate hikes, investment pledges to Korea for the third quarter surpassed $20 date2022-10-05

Korea and Germany hold 2nd meeting on industrial cooperation

The Ministry of Trade, Industry and Energy's Deputy Minister for the Office of Industrial Policy Joo Young-joon attended the “2nd ROK-Germany Meeting of the Industry Working Group of MOTIE and BWMK (Germany’s Ministry for Economic Affairs and Climate Action)” held on September 30 at the Korea Chamber of Commerce and Industry (KCCI) to discuss the U.S.’ Inflation Reduction Act (IRA), supply chain crisis and decarbonization strategies with German counterparts, including BWM date2022-10-05

2nd Vice Minister attends hydrogen charging station completion ceremony

Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the Samcheok Gyo-dong Hydrogen Charging Station Completion Ceremony on September 30, held for promotion of hydrogen supply to the Gangwon Province area and partook in the ribbon-cutting ceremony.   Vice Minister Park gave a congratulatory message, assessing that “this completion will assure a more stable hydrogen supply for this region, while also solidifying the hydrogen economy base, including expanded supply of hyd date2022-10-04

2nd Vice Minister attends Jeju Green Hydrogen Demonstration Project Launching Ceremony

Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the “Jeju Green Hydrogen Demonstration Project Launching Ceremony” on September 29 to congratulate Korea’s first 10MW (minimum) large-scale green hydrogen demonstration project and announcement of Jeju green hydrogen global hub establishment plan.   Vice Minister Park remarked that “this is Korea’s first large-scale green hydrogen demonstration project and is a critical foundation in the water date2022-10-04

1st Vice Minister attends Industrial Complex Digital Control Center Opening Ceremony

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the Gwangju High-Tech Industrial Complex Digital Control Center Opening Ceremony on September 28 and congratulated the launching of the prevention system for water disasters and fires amid recent heavy rains and typhoons that caused damage across industrial complexes.   The event was attended by approximately 20 persons, including Gwangju Deputy Mayor Kim Gwang-jin, Korea Industrial Complex Corporation Chairman Kim Jeong date2022-10-04