Ministry of Trade, Industry and Energy

Minister holds Automobile Industry Strategy Roundtable

Trade, Industry and Energy Minister Lee Chang-yang presided the “Automobile Industry Strategy Roundtable” on September 28 at the Korea Chamber of Commerce and Industry (KCCI) in Seoul to discuss public-private joint strategies in achieving industrial transformation amid the rapidly changing global auto industry.   The Minister gave opening remarks, then shared the outcomes from the recent ROK-U.S. IRA negotiations, and facilitated talks on “three strategies for the globa date2022-09-29

Minister discusses energy crisis response with Korea's "Top 10"

Trade, Industry and Energy Minister Lee Chang-yang held a conference with Korea’s top 10 companies and associations on September 26 to discuss the current energy crises and to seek public-private joint response measures. Among those present were representatives of Samsung Electronics, SK's SUPEX Council, Hyundai Steel, LG and Lotte Chemical. Korea is up against numerous external and internal challenges at present amid the global energy crisis, high rates of exchange and interest, and poor date2022-09-29

MOTIE and European nations' Ambassadors to Korea discuss cooperation

Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin attended a conference to discuss ROK-EU industrial and energy cooperation measures with European nations' ambassadors to South Korea. A total of 18 European countries’ ambassadors attended the event. Deputy Trade Minister Jeong introduced the industry, trade and energy policies that will be implemented under Korea’s new regime for overcoming global inflation, supply chain uncertainties and other economi date2022-09-29

National Assembly ratifies ROK-Israel and ROK-Cambodia FTAs

Trade Minister Ahn Duk-geun announced on September 27 that the National Assembly has ratified Korea’s FTAs with Israel and Cambodia, respectively. The ROK-Israel FTA was finalized in August 2019 after six official negotiation rounds, and submitted to the National Assembly this January. The ROK-Cambodia FTA was finalized in February 2021 after four official negotiation rounds and submitted to the National Assembly this February. All necessary processes on Korea’s part are now compl date2022-09-29

Minister attends "Top 10" Energy Crisis Response Conference

Trade, Industry and Energy Minister Lee Chang-yang presided the “Top 10 Conference for Energy Crisis Response” at the Korea Chamber of Commerce and Industry (KCCI) in Seoul on September 26 to discuss countermeasures to the prolonged Russia-Ukraine war and global energy crisis for the winter season with Korea’s 10 largest companies and associations.   The conference was attended by the representatives of the top 10 Korean companies and associations, including Samsung Elec date2022-09-28

Korea's retail industry grows 15.4% in August

The Ministry of Trade, Industry and Energy (MOTIE) announced on September 28 that Korea’s retail sales in August posted year-on-year growth of 15.4 percent. Both physical and online retailers achieved growth in sales, up 14.5 percent and 16.4 percent, respectively. The Ministry releases monthly retail sales figures based on surveys of 25 major retailers. Thirteen of them are physical retailers: three department store chains, three hypermarket chains, three convenience store chains, date2022-09-28

Korea and Uruguay discuss cooperation in new industries

Trade, Industry and Energy 2nd Vice Minister Park Il-jun held talks with Uruguay’s Industry, Energy and Mining Minister Omar Paganini at the Government Complex Seoul on September 26 on measures to strengthen ROK-Uruguay cooperation in new industries, including hydrogen, renewable energy and EV. date2022-09-27

MOTIE attends CEM13 and MI-7 to deepen global partnership for clean energy

Trade, Industry and Energy Ministry’s Energy Industry Deputy Minister Cheon Young-gil attended the 13th Clean Energy Ministerial (CEM13) and 7th Mission Innovation Ministerial (MI-7) on September 21-23 in Pittsburg, U.S., representing South Korea. CEM was first launched in 2010 with aim to expand the distribution of clean energy and member states total 30 as of 2022. MI was launched in 2015 to expand clean energy R&D, and member states total 23 as of 2022. South Korea has participated date2022-09-26

1st Vice Minister attends 13th Display Day Ceremony

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the 13th Display Day Ceremony on September 22 at the JW Marriott Hotel Seoul to congratulate OLED’s global no. 1 ranking and promote solidarity among domestic display industry business leaders.   In his congratulatory message, Vice Minister Jang stated that “the Ministry will fully support domestic firms’ investment and innovation efforts to attain supergap competitiveness amid difficult date2022-09-26

1st Vice Minister attends Industrial Complex Day 2022

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the ceremony for Industrial Complex Day 2022 on September 22 at G-Tower in Seoul, held to celebrate the achievements of Korea’s industrial complexes and encourage tenant companies and entrepreneurs.   Vice Minister Jang delivered a congratulatory message and awarded 66 orders and medals of merit, including the Iron Tower Order of Industrial Service Merit given to K Elim New Star CEO Kim Gi-won, for contributing to date2022-09-26