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Trade/Investment
Korea Trade Commission launches investigations into alleged patent infringement of Chinese secondary batteries and cathodes
The Korea Trade Commission ('Commission') held the 444th Trade Commission Meeting on January 11 at the Government Complex Sejong for launching investigations on the alleged patent infringement of NCM811 cathode materials produced in China and of smartphones embedded with Chinese secondary batteries. The investigations on the smartphone secondary batteries were requested by another Chinese firm that supplies China-made smartphones and Semiconductor Energy Laboratory Co., a Japanese importer and date2024-01-12
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Trade/Investment
Semiconductors to spearhead Korea's export growth in 2024
Trade, Industry and Energy Minister Dukgeun Ahn visited SK Hynix, one of Korea’s major semiconductor producers, on January 11 and listened to the challenges experienced by industry personnel and inspected production lines firsthand, refreshing the resolution to promote Korea’s exports this year on the heels of the visit to a major automaker at Pyeongtaek Port on his first outing after taking office. At the conference held at SK Hynix, Minister Ahn stated that “despite the glob date2024-01-11
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Industry
MOTIE to roll out measures for stabilizing supply chain in 2024
Starting this year, the Ministry of Trade, Industry and Energy (MOTIE) will be launching measures to stabilize the supply chain in earnest following the Industrial Supply Chain Strategy announced on December 13. First, the ministry will drastically up the R&D budget on key supply chain items from last year’s KRW 17.6 billion to 73.9 billion won this year. Support will go towards the technological development of 29 key items like secondary battery materials and electrical and electroni date2024-01-11
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Trade/Investment
Minister Ahn visits KITA
Trade, Industry and Energy Minister Dukgeun Ahn visited the Korea International Trade Association (KITA) on January 10 after taking post and held talks with KITA Chairman Koo Ja-yeol to discuss measures for close communication between public and private sectors with top policy priority on promoting exports. date2024-01-11
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Trade/Investment
Minister Ahn makes first stop at KITA in initiating cooperation with leading economic entities
Trade, Industry and Energy Minister Dukgeun Ahn visited the Korea International Trade Association (KITA) on January 10 and held talks with KITA Chairman Koo Ja-yeol. The visit is part of the minister’s aim to strengthen communication with Korea’s six major economic entities after taking post, emphasizing close communication between public and private sectors with utmost policy priority on promoting exports. Minister Ahn noted the need for the public and private sectors to work as &l date2024-01-10
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FTA/Economic Cooperation
Deputy Minister attends ceremony for signing of Protocol for Guatemala's accession to Korea-Central America FTA
Deputy Minister for FTA Negotiations Roh Keon-ki of the Ministry of Trade, Industry and Energy (MOTIE) headed the Korean delegation in the formal signing of the Protocol for the Accession of Guatemala to the Free Trade Agreement (FTA) between Korea and five Central American countries on January 8 (local time) in Guatemala with six Central American countries’ delegates, including Guatemala’s Foreign Affairs Minister Mario Búcaro Flores, in the attendance of the Guatemalan Presi date2024-01-09
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FTA/Economic Cooperation
Guatemala joins Korea-Central America FTA
Deputy Minister for FTA Negotiations Roh Keon-ki of the Ministry of Trade, Industry and Energy (MOTIE) headed the Korean delegation in the formal signing of the Protocol for the Accession of Guatemala to the Free Trade Agreement (FTA) between Korea and five Central American countries on January 8 (local time) in Guatemala with six Central American countries’ delegates, including Guatemala’s Foreign Affairs Minister Mario Búcaro Flores, in the attendance of the Guatemalan Presi date2024-01-09
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Industry
Korea surpasses initial $30 bln target for plant project orders in 2023
The Ministry of Trade, Industry and Energy (MOTIE) announced on January 8 that Korea won a total of USD 30.2 billion worth of plant project orders in 2023, surpassing the initial target of $30 billion (up 25.0 percent than the $24.2 billion won in 2022) and the highest ever in eight years since winning $36.5 billion in 2015. The target was reached on December 29 with the sealing of the $1.5 billion LNG liquefaction plant order. The overall outcome is attributable to the economic summit diplomac date2024-01-08
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Industry
Largest integrated Korean exhibition to be showcased at CES 2024
The Ministry of Trade, Industry and Energy (MOTIE) announced on January 8 that an all-time high of 443 Korean firms will be participating in the Consumer Electrics Show (CES) 2024 through January 9-12 in Las Vegas, U.S., ranking Korea as one of the largest exhibitors at the world’s biggest tech trade show, showcasing a variety of advancements in information and communications technology (ICT) and home appliances. This year’s CES theme is “All Together, All On”, signifyin date2024-01-08
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Industry
Minister pays his first official visit to an auto yard
Trade, Industry and Energy Minister Dukgeun Ahn visited the Kia Motors yard in Pyeongtaek Port on January 5. The Minister met Kia Motors CEO Jun-young Choi to discuss the status and challenges of automobile exports, after which he visited an export vessel including its bridge and other key facilities and shared words of encouragement with on-site staff. date2024-01-05