Ministry of Trade, Industry and Energy

Korea's exports grow 2.8% in September

The Ministry of Trade, Industry and Energy announced on October 1 that Korea’s exports in September increased 2.8 percent to USD 57.5 billion, a historic high for the month of September. Korea’s exports have risen for 23 consecutive months since November 2020 amid the Russia-Ukraine war and sluggish global economy. The growth, albeit having receded to single-digit growth since June, is meaningful as it was achieved despite the high base effect of last year’s record-breaki date2022-10-04

Korea and Germany hold Industry Working Group Meeting

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” held on September 30 at the Korea Chamber of Commerce and Industry (KCCI) to discuss U.S.’ IRA, supply chain crisis and decarbonization strategies with German counterparts, including Germany's Ministry of Economic Affairs and Climate Action Industrial Policy Director General Bernhar date2022-09-30

Trade Minister holds conference regarding U.S.’ bio executive order

Trade Minister Ahn Duk-geun presided the “Public-Private Joint Conference on Countermeasures to U.S.’ Bio Executive Order” on September 26 at the Korea Chamber of Commerce and Industry (KCCI) in Seoul with relevant ministries and industry representatives to discuss Korea’s response measures.   The meeting was attended by relevant ministries including the Ministry of Foreign Affairs (MOFA) and Ministry of Economy and Finance (MOEF), as well as representatives from r date2022-09-30

Minister holds 2nd Nuclear Energy Exports Strategy Committee Meeting

Trade, Industry and Energy Minister Lee Chang-yang held the 2nd Nuclear Energy Exports Strategy Committee (hereinafter “Committee”) Meeting on September 29 at the Seoul Garden Hotel. Headed by the Trade, Industry and Energy Minister, the Committee was first launched in August this year to foster competitiveness of Korea’s nuclear and related industries and support their market penetration overseas. It is a nuclear energy exports control tower consisting of 30 nuclear industry date2022-09-30

MOTIE and European nations' Ambassadors to Korea discuss cooperation

Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin attended a conference to discuss ROK-EU industrial and energy cooperation measures with European nations' ambassadors to South Korea.   A total of 18 European countries’ ambassadors attended the event, including the Ambassador of the European Union to the Republic of Korea Maria Castillo Fernandez, Ambassador of the Czech Republic to the Republic of Korea Gustav Slamečka and Ambassador of the French Rep date2022-09-29

Minister holds Automobile Industry Strategy Roundtable

Trade, Industry and Energy Minister Lee Chang-yang presided the “Automobile Industry Strategy Roundtable” on September 28 at the Korea Chamber of Commerce and Industry (KCCI) in Seoul to discuss public-private joint strategies in achieving industrial transformation amid the rapidly changing global auto industry.   The Minister gave opening remarks, then shared the outcomes from the recent ROK-U.S. IRA negotiations, and facilitated talks on “three strategies for the globa date2022-09-29

Minister discusses energy crisis response with Korea's "Top 10"

Trade, Industry and Energy Minister Lee Chang-yang held a conference with Korea’s top 10 companies and associations on September 26 to discuss the current energy crises and to seek public-private joint response measures. Among those present were representatives of Samsung Electronics, SK's SUPEX Council, Hyundai Steel, LG and Lotte Chemical. Korea is up against numerous external and internal challenges at present amid the global energy crisis, high rates of exchange and interest, and poor date2022-09-29

MOTIE and European nations' Ambassadors to Korea discuss cooperation

Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin attended a conference to discuss ROK-EU industrial and energy cooperation measures with European nations' ambassadors to South Korea. A total of 18 European countries’ ambassadors attended the event. Deputy Trade Minister Jeong introduced the industry, trade and energy policies that will be implemented under Korea’s new regime for overcoming global inflation, supply chain uncertainties and other economi date2022-09-29

National Assembly ratifies ROK-Israel and ROK-Cambodia FTAs

Trade Minister Ahn Duk-geun announced on September 27 that the National Assembly has ratified Korea’s FTAs with Israel and Cambodia, respectively. The ROK-Israel FTA was finalized in August 2019 after six official negotiation rounds, and submitted to the National Assembly this January. The ROK-Cambodia FTA was finalized in February 2021 after four official negotiation rounds and submitted to the National Assembly this February. All necessary processes on Korea’s part are now compl date2022-09-29

Minister attends "Top 10" Energy Crisis Response Conference

Trade, Industry and Energy Minister Lee Chang-yang presided the “Top 10 Conference for Energy Crisis Response” at the Korea Chamber of Commerce and Industry (KCCI) in Seoul on September 26 to discuss countermeasures to the prolonged Russia-Ukraine war and global energy crisis for the winter season with Korea’s 10 largest companies and associations.   The conference was attended by the representatives of the top 10 Korean companies and associations, including Samsung Elec date2022-09-28