Ministry of Trade, Industry and Energy

Korea and U.S. sign 23 MOUs for high-tech, hydrogen & SMR cooperation

The Ministry of Trade, Industry and Energy (MOTIE) announced on April 26 that on the occasion of South Korean President Yoon Suk-yeol’s state visit to the U.S., the two countries held a “Korea-U.S. High-Tech Industry & Clean Energy Partnership” memorandum of understanding (MOU) signing ceremony on April 25 at Waldorf Astoria Washington DC and signed a total of 23 MOUs for stronger forward-looking Korea-U.S. high-tech cooperation. The 23 MOUs were signed for cooperation in date2023-04-27

MOTIE announces U.S. firms will invest $1.9 bil. in Korea's chips, hydrogen & green businesses

The Ministry of Trade, Industry and Energy (MOTIE) announced on April 26 that on April 25 at the American Chamber of Commerce in Korea (AmCham), on the occasion of President Yoon Suk-yeol’s state visit to the U.S., six U.S. firms agreed to invest a total of USD 1.9 billion in Korea’s hydrogen, semiconductor and eco-friendly businesses. This investment is substantially larger than the formerly $1.2 billion pledged during the North American investors’ roundtable held last Septem date2023-04-26

Minister Lee discusses measures to raise Korea's potential growth with leading economists

Trade, Industry and Energy Minister Lee Chang-yang chaired a conference with Korea’s leading economists and national policy experts on April 19 at the Plaza Hotel Seoul to discuss measures to secure potential growth for Korea to develop into a leading global economy with respect to labor, capital and total factor productivity. The conference was attended by a number of professors, economists, and representatives of relevant public institutions, including Lee Seung-heon, Senior Deputy date2023-04-25

MOTIE holds 3rd Korea-Middle East Economic Cooperation Support Working Group

Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin chaired the 3rd Korea-Middle East Economic Cooperation Public-Private Joint Committee Support Working Group Meeting on April 19 at the Korea Chamber of Commerce and Industry (KCCI). The meeting was attended by representatives of a total of 20 institutions, including Korea International Trade Association (KITA), Korea Trade-Investment Promotion Agency (KOTRA), K-SURE. and relevant ministries like the Ministry of Scie date2023-04-25

Korea to push energy efficiency innovation campaign nationwide

Trade, Industry and Energy Minister Lee Chang-yang chaired a consultation session on April 19 at the Government Complex Seoul on measures for central and regional energy efficiency innovation. The session was held to discuss measures for effectively spreading the energy conservation efforts nationwide through a cooperative system among local governments following the pan-ministerial energy efficiency innovation consultation meeting held on March 14. During the session, Minister Lee announced t date2023-04-24

Korea to nurture tech-competitive MPE companies

The Ministry of Trade, Industry and Energy (MOTIE) held the eleventh MPE (materials, parts and equipment) Industry Competitiveness Committee meeting on April 18 and announced the Ministry’s plan to nurture MPE firms into global companies with top-notch technological competitiveness and to expand core MPE areas and related strategic technologies. The globalization strategy has been established to enable Korea’s MPE industries to respond to the rapidly changing global high-tech indust date2023-04-21

Korea sends economic delegation to Central Europe to bolster cooperation

Trade, Industry and Energy 1st Vice Minister Jang Young-jin is visiting Hungary, Poland and Slovakia through April 17-20 as the head of an economic delegation to discuss measures for expanding trade and economic cooperation between Korea and the three Central European nations. The economic delegation will hold business roundtables in Hungary and Poland to discuss bilateral investment and trade expansion measures with companies and interested parties, as well as EU trade policies. In Slovakia, t date2023-04-18

Korea and Kazakhstan discuss critical minerals & economic cooperation

Trade, Industry and Energy Minister Lee Chang-yang met with Roman Sklyar, First Deputy Prime Minister of the Republic of Kazakhstan, on April 14 at the Lotte Hotel Seoul and discussed critical minerals, economic cooperation and plant bid project, and requested support for World Expo 2030 Busan. Both sides agreed that it was significant for bilateral trade to have reached USD 6.5 billion despite internal and external difficulties in 2022, which was also the 30th anniversary of the establishment date2023-04-18