Ministry of Trade, Industry and Energy

2nd Vice Minister visits Korea Power Exchange

Trade, Industry and Energy 2nd Vice Minister Park Il-Jun visited the Korea Power Exchange (KPX) in South Jeolla Province on July 24 to inspect the power supply situation prior to midsummer, where he received a briefing from KPX Chairman Jung Dong-hee and encouraged the employees for their contribution to power supply stabilization. date2022-07-27

Minister Lee attends semiconductor industry conference

Trade, Industry and Energy Minister Lee Chang-yang attended the semiconductor industry conference at Dongjin Semichem plant in Gyeonggi-do on July 21 to announce the semiconductor superpower strategy and hold the industry-academia cooperation infrastructure MOU signing ceremony.   In his opening message, Minister Lee relayed that battery, display, future mobility, robot, bio and such promising new industries will be grouped together as “semiconductor-plus industry,” and that m date2022-07-27

2nd Vice Minister holds conference on energy demand streamlining

Trade, Industry and Energy 2nd Vice Minister Park Il-Jun presided the inter-industrial conference on streamlining energy demand on July 21 at the Korea Chamber of Commerce and Industry (KCCI) to gather opinions from various industries on energy demand efficiency improvement and to discuss summer power supply response measures, noting that industries take up 62 percent of total energy consumption.   The conference was attended by approximately 20 relevant representatives, including Korea E date2022-07-26

Minister Lee attends ceremony marking world's 1st 3nm chip shipment

Trade, Industry and Energy Minister Lee Chang-yang attended the ceremony held at Samsung Electronics Hwaseong Campus on July 25 to mark the first shipment of 3-nanometer chips and congratulated the historic milestone, ensuring government support in line with the Ministry’s recently announced national semiconductor powerhouse strategy. Samsung Electronics’ accomplishment is meaningful in that the 3-nanometer semiconductor mass production is a global first, a step faster than even the date2022-07-26

426th Korea Trade Commission gives preliminary determination on anti-dumping investigations

The Ministry of Trade, Industry, and Energy (MOTIE) held the 426th Korea Trade Commission (hereinafter “Commission”) meeting on July 21, where Chairperson Chang Seung-wha announced a positive preliminary determination on anti-dumping investigations on imports of polyamide film from China, Thailand and Indonesia, as well as aluminum hydroxide from China and Australia, and proposed the imposing of provisional duties. First of all, the Commission determined that the amount of evidence date2022-07-26

Trade Minister attends Supply Chain Ministerial Meeting 2022

Trade Minister Ahn Duk-geun attended the Supply Chain Ministerial Meeting 2022 on July 20 with South Korea’s Foreign Minister Park Jin, which was co-hosted by U.S. Secretary of State Antony Blinken and Secretary of Commerce Gina Raimondo to discuss measures for enhancing global supply chain resilience and to adopt a joint statement. Convened via videoconferencing, the meeting was attended by ministers of the EU and 17 countries: South Korea, the U.S., Japan, France, Germany, Italy, date2022-07-21

MOTIE holds Hydrogen Economy Investment Stimulation Conference

Trade, Industry and Energy 2nd Vice Minister Park Il-Jun presided the Hydrogen Economy Investment Stimulation Conference on July 20 at the Lotte Hotel Seoul to share the new regime’s hydrogen economy policies and gather opinions from private equity firms to bolster hydrogen industry competitiveness.   In his opening message, the 2nd Vice Minister stated that “South Korea’s new regime’s energy policies envision a strong energy system through climate change response, date2022-07-20

MOTIE-Seoul Energy Efficiency & Innovation Vision Declaration

Trade, Industry and Energy Minister Lee Chang-yang attended the MOTIE-Seoul Energy Efficiency & Innovation Vision Declaration Ceremony held at the Lotte Hotel Seoul on July 20 with Seoul Mayor Oh Se-hoon to sign MOUs for building up Korea and Seoul into respective energy efficiency leader and smart city.   Minister Lee and Mayor Oh signed an MOU for “Building up Korea and Seoul into energy efficiency powerhouse and Smart Energy City” as well as an MOU for “Innovating date2022-07-20

BTS appointed as Honorary Ambassador for World EXPO 2030 Busan

Trade Minister Ahn Duk-geun attended the ceremony for appointment of BTS as honorary ambassador for the World EXPO 2030 Busan, held on July 19 at HYBE in Yongsan-gu.   The popular South Korean boy band BTS (a.k.a. “Bangtan Boys”) was appointed the next ambassador for promoting Busan to be hosting World EXPO 2030 in recognition of the septet’s global influence.    The ceremony was attended by Prime Minister Han Duck-soo, Korea Chamber of Commerce and Industry date2022-07-20

1st Vice Minister attends Industrial Environment Improvement Support Center opening ceremony

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the opening ceremony of the Industrial Environment Improvement Support Center held in the Ochang Scientific Industrial Complex in Cheongju on July 18.   The Industrial Environment Improvement Support Center aims to support the fine dust reduction endeavors of Korean SMEs and middle-market companies, and train up personnel with technological prowess in areas concerning industrial environment. The Vice Minister stated in h date2022-07-20