Ministry of Trade, Industry and Energy

MOTIE holds Public-Private Joint Task Force meeting on IRA

Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin presided the Public-Private Joint Task Force meeting on U.S. Inflation Reduction Act (IRA) on October 11 at the Korea Chamber of Commerce and Industry (KCCI) in Seoul and discussed countermeasures against impact on the automobile, battery and energy industries.The meeting was attended by various relevant companies and organizations, including Hyundai Motor, Samsung SDI and Korea Automobile Manufacturers Association ( date2022-10-11

2nd Vice Minister visits BIPV demonstration complex site

Trade, Industry and Energy 2nd Vice Minister Park Il-jun visited the Seoul Energy Corporation BIPV (Building Integrated Photovoltaic) demonstration complex site in Mok-dong, Seoul on October 11 to inspect the site and encourage entrance into new markets.   In his opening message, Vice Minister Park stated that “the BIPV industry is different from the conventional solar power development in that its product competitiveness is based on high value-added technology and design rather tha date2022-10-11

Minister holds 1st Business Realignment & Banks Joint Strategy Meeting

Trade, Industry and Energy Minister Lee Chang-yang presided the 1st Business Realignment & Banks Joint Strategy Meeting & MOU Signing Ceremony held at the Korea Chamber of Commerce and Industry (KCCI) on October 6 and signed the MOU on strengthening banks’ support for companies that grant approval for business realignment.   The meeting was convened to discuss the establishment of a cooperation system between the Ministry and Korea’s Financial Supervisory Service (FSS) date2022-10-07

Trade Minister attends IPEF Strategy Symposium

Trade Minister Ahn Duk-geun attended the IPEF Strategy Symposium on October 6, held under the theme of “Supply Chain Realignment Era, the Meaning of Indo-Pacific Economic Framework for Prosperity (IPEF) and Role of Korea.”   At the symposium, the Trade Minister gave a congratulatory message, followed by keynote speeches by Adam Posen, President of the Peterson Institute for International Economics (PIIE), and Deborah Elms, Executive Director of Asian Trade Center. Presentation date2022-10-07

Trade Minister attends IPEF Strategy Symposium

Trade Minister Ahn Duk-geun attended the IPEF Strategy Symposium on October 6, held under the theme of “Supply Chain Realignment Era, the Meaning of Indo-Pacific Economic Framework for Prosperity (IPEF) and Role of Korea.” At the symposium, the Trade Minister gave a congratulatory message, followed by keynote speeches by Adam Posen, President of the Peterson Institute for International Economics (PIIE), and Deborah Elms, Executive Director of Asian Trade Center. Presentations were date2022-10-07

Minister holds “Public Institutions’ Energy Diet Resolution 10”

Trade, Industry and Energy Minister Lee Chang-yang held the “Public Institutions’ Energy Diet Resolution 10” on October 6 at the Seoul Energy Dream Center, in which 16 major institutions’ representatives attended to announce the energy saving policies and implementation plans going forward.   The representatives recited and signed the resolution stating goals of 1) achieving minimum 10 percent energy saving 2) practicing the five principles of winter season energy date2022-10-07

Minister holds “Public Institutions’ Energy Diet Resolution 10”

Trade, Industry and Energy Minister Lee Chang-yang held the “Public Institutions’ Energy Diet Resolution 10” on October 6 at the Seoul Energy Dream Center, in which 16 major institutions’ representatives attended to announce the energy saving policies and implementation plans going forward. The representatives recited and signed the resolution stating goals of 1) achieving minimum 10 percent energy saving 2) practicing the five principles of winter season energy saving a date2022-10-07

Trade Minister holds 2nd Exports Assessment Meeting

Trade Minister Ahn Duk-geun presided the second meeting for exports assessment with relevant institutions’ and industries’ representatives on October 6 at the Korea International Trade Association (KITA) to announce the launching of Exports Situation Room (ESR) and assess Korea’s trade.   The trade chief gave an opening message and discussed recent trade issues and forecasts per sector to seek measures for vitalizing exports and improving the trade balance.   The date2022-10-06

Trade Minister holds 2nd Exports Assessment Meeting

Trade Minister Ahn Duk-geun presided the second meeting for joint public-private exports assessment with relevant institutions' and industries’ representatives on October 6 at the Korea International Trade Association (KITA) to announce the launching of Exports Situation Room (ESR) and discuss trade issues. The ESR aims to establish communication hotlines across SMEs and support them tackle obstacles and regulatory difficulties in exports and imports procedures. Each SME’s exports date2022-10-06

1st Vice Minister attends 17th Electronics & IT Day

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the 17th Electronics & IT Day on October 5 at COEX in Seoul to award contributors to the national development of electronics and IT industries’ competitiveness.   In his congratulatory message, the Vice Minister encouraged the industry leaders for their hard work despite difficult conditions and assured that “technology development funding shall be provided for the bold attempts of innovation of entrepren date2022-10-05