Ministry of Trade, Industry and Energy

Trade Minister attends Korea-U.S. Industrial Technology Cooperation Forum

Minister for Trade Dukgeun Ahn visited Washington D.C. on December 8 to attend the Korea-U.S. Industrial Technology Cooperation Forum and met with high-ranking U.S. officials and industry leaders to discuss high-tech and supply chain cooperation.   Attendees included Darren Soto, U.S. Representative, Bart Maroney, Acting Deputy Assistant Secretary for Manufacturing and Executive Director of the Office of Manufacturing Industry and Analysis, and Semiconductor Industry Association (SIA) Cha date2022-12-09

MOTIE announces Korea's vaccine industry survey results

The Ministry of Trade, Industry and Energy (MOTIE) and Ministry of Health and Welfare (MOHW) announced on December 6 the domestic vaccine industry survey results for 2021 in terms of sales, exports, employment and investment. This survey was conducted by a group of institutions, including the Korea Pharmaceutical and Bio-Pharma Manufacturers Association, Korea Specialty Chemical Industry Association and Korea Rating & Data (KoDATA), and it is the first survey on the domestic vaccine industr date2022-12-08

MOTIE holds Korea Tech Show 2022

Trade, Industry and Energy Ministry’s Deputy Minister for Office of Industry and Enterprise Innovation Hwang Soo-sung attended the Korea Tech Show 2022 on December 7 at COEX, held under the slogan of “Leading industrial transformation with super gap technology” to share R&D achievements with the public and discuss promising future technologies.   The Deputy Minister gave a congratulatory message after the opening ceremony performance and awarded 38 orders and medals date2022-12-08

MOTIE holds 59th Trade Day

The Ministry of Trade, Industry and Energy (MOTIE) held the 59th Trade Day ceremony on December 5 at COEX in Seoul with the Korea International Trade Association (KITA). This year’s ceremony is meaningful in that Korea recorded highest-ever exports amid the COVID pandemic, Russia-Ukraine war and numerous countries’ interest hikes. Contributors to trade advancement were awarded various Tower Orders of Industrial Service Merit. To commemorate the first Trade Day since inauguration, t date2022-12-07

Minister holds strategic roundtable on carbon composites competitiveness

Trade, Industry and Energy Minister Lee Chang-yang presided a strategic roundtable on carbon composites industry development on December 6 at the Korea Chamber of Commerce and Industry (KCCI) and led discussions on measures to bolster Korea’s global competitiveness.   The Minister gave an opening message after touring the exhibitions featuring carbon composite materials in aerospace and defense, and sought strategies and measures for strengthening competitiveness of the carbon compo date2022-12-07

Trade Minister attends 59th Trade Day with President Yoon

Trade, Industry and Energy Minister Lee Chang-yang attended the 59th Trade Day ceremony on December 5 at COEX with President Yoon Suk-yeol, held under the slogan, “Taking on the Trade Powerhouse Challenge! South Korea takes the Leap!”    The ceremony was attended by various trade and industry representatives, including Korea International Trade Association (KITA) Chairman Koo Ja-yeol.   date2022-12-07

1st Vice Minister visits KPIC to inspect industry damage from truckers' strike

Trade, Industry and Energy 1st Vice Minister Jang Young-jin visited Korea Petrochemical Ind. Co. (KPIC) in Ulsan on December 4 to examine damage on petrochemicals industry from cargo truckers’ union strike.   Vice Minister Jang received a situation briefing on difficulties incurred by the union strike and inspected KPIC's major plant facilities.   date2022-12-06

2nd Vice Minister visits DOPCO Cheonan Terminal

Trade, Industry and Energy 2nd Vice Minister Park Il-jun visited on December 3 the Daehan Oil Pipeline Corporation (DOPCO)’s Cheonan Terminal to inspect the domestic oil shipping situation amid nationwide truckers’ union strike.   Vice Minister Park received a briefing from DOPCO President Lee Kang-mu on the terminal operation status and difficulties incurred by the union strike. He stated that “gas stations experiencing gasoline and diesel shortages are recently spreadi date2022-12-06

Korean delegation visits U.S. to negotiate IRA amendment

Minister for Trade Dukgeun Ahn will be visiting Washington D.C. through December 5-9 (local time) as member of South Korea’s delegation to negotiate the Inflation Reduction Act (IRA) with key figures of the Biden administration and U.S. Congress. The delegation is composed of Government officials and National Assembly members, including the Trade, Industry and Energy Ministry’s Small and Medium Venture Business Committee Chairman Yoon Kwan-seok. The delegation will be discussing IR date2022-12-06

Minister attends 51st UAE National Day 2022

Trade, Industry and Energy Minister Lee Chang-yang attended the 51st UAE National Day 2022 ceremony on December 2 at the Shilla Seoul.   The Minister gave an opening message, stating that South Korea, as UAE’s “brother” and core partner, will strive together for the successful execution of “Projects of the 50” national strategy aiming for UAE’s oil phase-out, economic diversification and innovation goals, and expand the scope of bilateral cooperation to date2022-12-06