Ministry of Trade, Industry and Energy

Trade Minister holds meeting for public-private joint exports cooperation

Trade Minister Ahn Duk-geun held a meeting on August 24 at the Korea Trade Insurance Corporation (K-SURE) headquarters to assess South Korea’s exports situation per sector amid rising exchange rate and exports slowdown to seek public-private joint measures to revitalize second-half exports and improve the trade balance.   The trade chief gave opening remarks, addressing the global economic landscape and its impact, and discussed measures for supporting exporting businesses.   date2022-08-25

Trade Minister holds meeting for public-private joint exports cooperation

Trade Minister Ahn Duk-geun held a meeting on August 24 to assess South Korea’s exports situation amid the rising exchange rate and concerns of exports slowdown, and discussed recent global economic changes and countermeasures for second-half exports vitalization. Minister Ahn remarked that exports’ continuous rise for 21 consecutive months leading up to July was somewhat offset by the greater surge of energy imports, resulting in a trade deficit. As of June, exports growth shrank t date2022-08-25

MOTIE holds Eco-Friendly Textiles Industry Conference

Trade, Industry and Energy 1st Vice Minister Jang Young-jin held the Eco-Friendly Textiles Industry Conference on August 24 at COEX in Seoul to seek public-private joint measures for eco-friendly, low-carbon strategies in response to global green trends in the fashion enterprise. The global textiles market is seeing emerging trends of environmental regulations, consumer awareness of environmental values and global fashion brands’ pursuit of sustainable development, all of which forecast a date2022-08-24

1st Vice Minister holds Eco-Friendly Textiles Industry Policy Conference

Trade, Industry and Energy 1st Vice Minister Jang Young-jin presided the Eco-Friendly Textiles Industry Policy Conference on August 24 at COEX to seek public-private joint measures for eco-friendly, low-carbon strategies in response to global green trends in the fashion enterprise.   In his opening message, the Vice Minister mentioned the need for “proactive role awareness of fashion industry regarding sustainability and climate change crisis,” and facilitated discussions on p date2022-08-24

2nd Vice Minister attends 19th Energy Day

Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the 19th Energy Day event held on August 22 in Seoul under the theme of “Turn Off the Lights and Look at the Stars” to raise awareness of the importance of energy and streamlining supply.   In his opening message, Vice Minister Park remarked that “each and every citizen’s participation and interest is critical amid climate crisis and energy weaponization” and added that “the Ministry is g date2022-08-23

2nd Vice Minister attends 19th Energy Day lights-out event

Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended on August 22 the 19th Energy Day, hosted by the Korea NGO’s Energy Network and sponsored by the Ministry, an event held since 2004 with the aim to raise awareness on the importance of energy and streamlining energy supply, under the theme of “Turn Off the Lights and Look at the Stars.” For the event, major landmark venues across the nation had a five-minute lights-out time, an hour of two-degrees higher air cond date2022-08-23

Korea and Australia hold 31st Joint Committee on Energy and Mineral Resources

The Ministry of Trade, Industry and Energy (MOTIE)’s Energy Industry Deputy Minister Cheon Young-gil co-hosted on August 22 the 31st Korea-Australia Joint Committee on Energy and Mineral Resources to discuss energy policy directions, CCUS, critical minerals and LNG.   The meeting was co-hosted by Sean Sullivan, Executive Assistant to Deputy Secretary for the Department of Climate Change, Environment, Energy and Water and Catherine Raper, Australia’s Ambassador to the Republic date2022-08-23

Korea and Australia hold 31st Joint Committee on Energy and Mineral Resources

The Ministry of Trade, Industry and Energy (MOTIE) co-hosted the 31st Korea-Australia Joint Committee on Energy and Mineral Resources (hereinafter “JCEM”) with Australia’s Department of Climate Change, Environment, Energy and Water, (DCCEEW) and Department of Industry, Science and Resources (DISR) at the Lotte Hotel Seoul on August 22. JCEM is the official communication channel run since the 1980s on energy and mineral resources issues between Korea and Australia. The 31st mee date2022-08-23

Minister holds talks with Korea's top 3 shipbuilder CEOs

Trade, Industry and Energy Minister Lee Chang-yang held talks with the CEOs of Korea’s top three shipbuilders at the Four Seasons Seoul on August 19 to discuss key issues and future shipyard prospects.   The Minister met with the chiefs of Korea Shipbuilding & Offshore Engineering (KSOE), Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries (SHI) to gather opinions and exchange views with regard to the new regime’s shipbuilding industry directio date2022-08-19

Minister holds conference with top 3 shipbuilder CEOs

Trade, Industry and Energy Minister Lee Chang-yang held a conference with the CEOs of top three domestic shipbuilders on August 19 to discuss key issues and future goals for Korea’s shipyard. The three shipbuilders represented at the conference are Korea Shipbuilding & Offshore Engineering (KSOE), Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries (SHI). One major issue raised by the CEOs was the difficulty of finding quality human resources to take on p date2022-08-19