Ministry of Trade, Industry and Energy

Korea-Saudi Ministers discuss energy cooperation

Trade, Industry and Energy Minister Lee Chang-yang held a videoconference with Saudi Arabia’s Energy Minister Prince Abdulaziz Bin Salman on June 23, on the occasion of the Saudi Minister’s congratulatory message for Minister Lee’s taking office. Minister Lee expressed his gratitude in return, then the two Ministers discussed energy supply chain stability, hydrogen and other future issues for Korea-Saudi energy cooperation. Noting how Saudi Arabia is South Korea’s large date2022-06-27

Minister Lee holds 25th Energy Commission meeting

Trade, Industry and Energy Minister Lee Chang-yang held the 25th Energy Commission meeting at the Plaza Hotel Seoul on June 23, the first of its kind under the new regime. Launched in 2006, the Energy Commission is headed by the Trade, Industry and Energy Minister and consists of relevant ministries’ officials and civil members. The recent meeting had two agenda items, namely the new regime’s energy policy directions and market-based efficiency enhancement measures. Noting South Ko date2022-06-24

Korea becomes first Asian country to gain full membership of Eureka

The Ministry of Trade, Industry and Energy (MOTIE) announced on June 22 that South Korea became the first Asian country to be granted full membership of the world’s largest R&D platform Eureka at the 2022 general assembly held in Lisbon, Portugal. With an amendment of articles, Eureka membership is now open to non-European nations, South Korea and Canada are the first nations to obtain community membership. South Korea is also the first Asian country to become full member. South Kor date2022-06-23

Minister Lee holds Nuclear Energy Industry Conference

Trade, Industry and Energy (MOTIE) Minister Lee Chang-yang held the Nuclear Energy Industry Business Conference in Changwon, Gyeongnam on June 22 to discuss solutions to nuclear energy ecosystem challenges with aim to rebuild Korea into a global nuclear powerhouse.  With nuclear energy regaining global attention in light of power security and carbon neutrality, major nations are already deeply invested in the fierce competition for future nuclear energy hegemony. For instance, the U.S. is date2022-06-23

MOTIE pushes promotion for World Expo 2030 Busan

The Ministry of Trade, Industry and Energy (MOTIE), the Bid Committee for World Expo 2030 Busan (hereinafter “Committee”), and Busan Metropolitan City (hereinafter “Busan”) rolled out extensive nation-wide and overseas promotion for Busan in the bid to host the World Expo in 2030, on the occasion of the 170th Bureau International des Expositions (BIE) general assembly convened on June 20-21 in Paris, France. The second round of host candidate nations’ presentations date2022-06-22

South Korea running for ISO Presidency for first time

Korean Agency for Technology and Standards (KATS), under the Ministry of Trade, Industry and Energy (MOTIE), announced that Hyundai Mobis CEO Cho Sung-hwan has registered as candidate for next President of the International Organization for Standardization (ISO). The ISO is the world’s largest standards organization in terms of the number of standards published (24,000 standards to date), followed by the International Electrotechnical Commission (IEC) with approximately 13,000 standa date2022-06-20

5th Korea-Singapore FTA implementation review

Trade, Industry and Energy Ministry’s Director-General for FTA Policy Yang Kwi-wook led the Korean delegation in the 5th Korea-Singapore FTA implementation review meeting on June 16 via videoconference to assess both sides’ implementation progress regarding the bilateral FTA enforced in 2006. The Singaporean delegation head was Director Tan Lui Hai of Singapore’s Ministry of Trade and Industry. Singapore is second in rank among ASEAN nations in terms of trade and exports, play date2022-06-17

Minister Lee holds 1st Industrial Technology CTO Roundtable

Trade, Industry and Energy Minister Lee Chang-yang held the 1st Industrial Technology CTO Roundtable on June 16 at the Korea Chamber of Commerce and Industry (KCCI) to gather opinions of Chief Technology Officers (CTOs) from semiconductor, secondary battery, robot, mobility and other major technology sectors, as Korea’s R&D investment approaches KRW 110 trillion. At the roundtable, the Ministry of Trade, Industry and Energy (MOTIE) announced the “new regime’s industrial te date2022-06-17