Ministry of Trade, Industry and Energy

Minister Moon visits Boeing Korea Engineering & Technology Center

Trade, Industry, and Energy Minister Moon Sung-wook visited the Boeing Korea Engineering & Technology Center (BKETC) in Seoul on April 20 to tour the AR- and AI-based aviation technology development site and encourage the workers for their technological innovations and contribution to Korea-U.S. cooperation.   Minister Moon received a briefing on Boeing’s space freighter services, satellite-based internet business (November, 2021), and its plans to launch 147 satellites over the date2022-04-20

Government signs resolution for Korea’s CPTPP application

The Government signed the written resolution for Korea’s Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) application at the 228th Economic Ministers’ Meeting held on April 15. The CPTPP application plan was established based on outcomes of social discussions and a public hearing held on March 25, on which a written resolution was signed on April 11-15. Trade Minister Yeo Han-koo stated that “CPTPP application is a matter that Korea has been cont date2022-04-19

Korea and Malaysia hold trade talks on CPTPP and stronger supply chain cooperation

Trade Minister Yeo Han-koo held a teleconference with Malaysia’s International Trade and Industry Minister Mohamed Azmin Ali on April 18 at Korea Chamber of Commerce and Industry (KCCI) in Seoul to discuss various trade issues, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Indo-Pacific Economic Framework (IPEF), and supply chain cooperation. Japan, Singapore, Vietnam, Australia, New Zealand, Canada, Mexico, Peru, Chile, Malaysia, and Brunei, date2022-04-19

Korea and Malaysia hold trade talks on CPTPP and supply chain cooperation

Trade Minister Yeo Han-koo held a teleconference with Malaysia’s International Trade and Industry Minister Mohamed Azmin Ali on April 18 at Korea Chamber of Commerce and Industry (KCCI) in Seoul to discuss various trade issues, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Indo-Pacific Economic Framework (IPEF), and supply chain cooperation. date2022-04-19

423rd Korea Trade Commission gives final conclusion on anti-dumping investigations

The Ministry of Trade, Industry, and Energy (MOTIE) held the 423rd Korea Trade Commission meeting on April 14, where Chairperson Chang Seung-wha announced the final conclusions of anti-dumping investigations on Chinese presensitized aluminum plates with double-layered coating for offset printing (hereinafter referred to as “double-layer offset printing plate”) and unfair trade practices investigations on the fin field-effect transistor (finFET) patent infringement. The Commission als date2022-04-18

Korea's automobile exports achieve $4.0 billion in March

The Ministry of Trade, Industry, and Energy announced on April 15 that Korea’s March automobiles exports reached 179,630 units (down 7.7 percent) and USD 4.0 billion (down 9.7 percent) in value. Korea’s automobile production suffered from less operating days, semiconductor supply crisis, and China’s production halt in car parts, due to shutdown of local production lines from surging local COVID-19 cases. Only two of Korean car manufacturers achieved positive growth, namely Ssa date2022-04-15

Korea's ICT exports achieve a record-breaking $23.3 billion in March

The Ministry of Trade, Industry, and Energy announced on April 14 that Korea’s outbound shipments of information and communications technology (ICT) goods surpassed all previous records in March, achieving 33.6 percent growth year-on-year and reaching USD 23.3 billion. March 2022 saw the highest ever ICT exports in history since first statistic record in 1996. ICT exports have posted double-digit growth for 12 consecutive months since April of 2021, and take up a whopping 36.6 percent of date2022-04-15

Trade Minister holds IPEF public-private digital trade meeting

Trade Minister Yeo Han-koo held a meeting on April 14 at the Korea Chamber of Commerce and Industry (KCCI) office in Seoul to discuss public-private digital trade response measures with regard to the Indo-Pacific Economic Framework (IPEF).   After his opening remarks, Minister Yeo led the group in discussions on public-private joint efforts in responding to the digital trade transition landscape.   The meeting was attended by approximately 20 persons consisting of officials and ind date2022-04-14

Trade Minister visits data-driven smart farm complex

Trade Minister Yeo Han-koo visited the Korean-style data-driven smart farm test complex and exports-focused cultivation site located in Wonbuk-myeon, Taean-gun, Chungcheongnam-do on April 13 to check the progress of domestic support projects pushed in response to Free Trade Agreements.   Operated by Wonbuk-myeon Agricultural Cooperative and contractor company Culti Labs, the data-driven smart farm is powered by using the thermal discharge of nearby Taean Thermal Power Station to grow its date2022-04-14

MOTIE announces Jeju-style Distributed Energy Masterplan

The Ministry of Trade, Industry, and Energy announced the Jeju-style Distributed Energy Masterplan at the CFI Energy Future Hall on Jeju Island on April 12. The Ministry aims to propel the masterplan under the Distributed Energy Promotion Strategy, in a way finetuned to the conditions of Jeju Island. The plan entails the establishment of distributed energy-friendly infrastructure, distributed energy-based new power industries development, and measures for improving local sentiments toward the date2022-04-13