Ministry of Trade, Industry and Energy

2nd Vice Minister attends K-Recycling Alliance Launch Ceremony

Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the K-Recycling Alliance Launch Ceremony on November 18 in Seoul held for stabilization of critical minerals supply chain, where he gave a congratulatory message and attended the MOU signing ceremony for public-private joint recycling institutions’ cooperation initiative.   The event was attended by representatives of relevant organizations, including Hwang Kyu-yeon, President of Korea Mine Rehabilitation and Mineral date2022-11-22

Korea and Spain discuss economic cooperation

Trade, Industry and Energy Minister Lee Chang-yang met with Spain’s Industry, Trade and Tourism Minister María Reyes Maroto on November 18 in Seoul to discuss Korea-Spain economic cooperation and requested support for World EXPO 2030 Busan. date2022-11-22

Korea and Spain hold business forum to further cooperation

  Trade, Industry and Energy Minister Lee Chang-yang attended the Korea-Spain Business Forum on November 18 in Seoul on the occasion of Spain’s Prime Minister Pedro Sanchez’s visit to Korea. The forum was held to expand Korea-Spain business cooperation and attended by approximately 100 persons, including officials and corporate representatives of both countries. In his congratulatory message, Minister Lee stated that Korea-Spain economic cooperation potential is great in vie date2022-11-18

Korea and Saudi Arabia hold Investment Forum

Trade, Industry and Energy Minister Lee Chang-yang attended the Korea-Saudi Investment Forum on November 17, hosted by the Ministry of Trade, Industry and Energy (MOTIE) and Saudi Arabia’s Ministry of Investment, and organized by the Korea Trade-Investment Promotion Agency (KOTRA), Korea Chamber of Commerce and Industry (KCCI) and the Federation of Saudi Chambers (FSC). Approximately 300 persons attended the event, including Saudi Arabia’s Investment Minister Khalid A. Al-Falih and date2022-11-18

Minister attends Korea-Indonesia Business Roundtable on sidelines of G20

Trade, Industry and Energy Minister Lee Chang-yang held talks with Korean and Indonesian business leaders in Bali, Indonesia on November 14 on bilateral economic cooperation and requested support for World EXPO 2030 Busan. date2022-11-17

Minister Lee and Airbus D&S CEO discuss aerospace industry cooperation

Trade, Industry and Energy Minister Lee Chang-yang held talks with Airbus Defense & Space (D&S) CEO Michael Schoellhorn at the Government Complex Seoul on November 16 and discussed measures for aerospace industry development and Korean companies’ exports expansion. date2022-11-17

Minister Lee and Airbus D&S CEO discuss aerospace industry cooperation

Trade, Industry and Energy Minister Lee Chang-yang met with Airbus Defense and Space (D&S) CEO Michael Schoellhorn on November 16 at the Government Complex Seoul to discuss measures to strengthen the aerospace and defense industry. Airbus D&S is a division of Airbus SE, the European multinational aerospace corporation, and this meeting was convened on the occasion of the Airbus D&S chief’s visit to South Korea for local management affairs. Discussions centered on cooperation date2022-11-17

Korea and Indonesia hold Business Roundtable on sidelines of G20

Trade, Industry and Energy Minister Lee Chang-yang attended the Korea-Indonesia Business Roundtable on November 14, held on the sidelines of the G20 summit convened in Bali, Indonesia, where 10 memorandums of understanding (MOUs) were signed by public and private parties of the two countries. The roundtable was co-hosted by the Federation of Korean Industries (FKI) and Indonesian Chamber of Commerce and Industry (KADIN), and attended by 40 officials and business representatives. It was the firs date2022-11-16

Korea and Sweden discuss economic cooperation and IRA response measures

Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin met with Sweden’s Ambassador Håkan Jevrell on November 15 at the JW Marriott Hotel Seoul to discuss joint measures in response to U.S.’ Inflation Reduction Act (IRA), enhanced bilateral economic cooperation in green and digital transition, and requested support for World EXPO 2030 Busan.  date2022-11-16

Korea attracts more investment with groundbreaking of ASML chip cluster

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 15 that construction for Dutch semiconductor equipment maker ASML’s new headquarters in South Korea’s Hwaseong is to begin, bringing greater investment from four major chip equipment producers (Applied Materials, ASML, Lam Research, Tokyo Electron) that take up more than 60 percent of the global market, which will substantially contribute to enhancing Korea’s technological competitiveness. The groundbreak date2022-11-15