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Battery Alliance submits bill proposing integrated management system for used batteries
The Ministry of Trade, Industry and Energy (MOTIE) announced on November 14 that the Battery Alliance has submitted a draft proposal on an integrated management system for the used battery industry and its supporting legislative bill. The Battery Alliance is composed of 24 members, including Hyundai Motor, three battery producers, companies in the reuse, remanufacturing and recycling industry, insurance firms and car disposal companies. First, the proposal redefines used batteries not as &ldqu date2023-11-14
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Commemorating 70 Years of the ROK-U.S. Alliance ; Looking Ahead to a Carbon-Free Energy Alliance
Commemorating 70 Years of the ROK-U.S. Alliance ; Looking Ahead to a Carbon-Free Energy Alliance -Ministry of Trade, Industry, and Energy holds the “ROK-U.S. Clean Energy Conference” to emphasize cooperation in the deployment of carbon free energy- -Discussions on carbon management, battery recycling and innovative energy technologies such as hydrogen and CCUS will ensue- The Ministry of Trade, Industry, and Energy led by Minister Bang Moon Kyu organized the “Korea-U.S. Cl date2023-11-13
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Korea's major retailers come together to launch Korea Sale Festa 2023
The Ministry of Trade, Industry and Energy (MOTIE) announced on November 10 the launching of the “Korea Sale Festa 2023 (“Festa”) to be held through November 11-30, where Korea’s major retailers and manufacturers come together with the Government to boost the domestic economy by aiming for a rebound of the currently weak consumer confidence amid inflation and other difficult conditions. The Festa Committee and MOTIE have selected former national volleyball team member an date2023-11-13
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Korea and Czech Republic to expand industrial, trade & energy cooperation
Minister for Trade Dukgeun Ahn visited the Czech Republic as Special Presidential Envoy through November 9-11 and met with the Czech Minister of Industry and Trade Jozef Síkela and Deputy Minister of Foreign Affairs Jiří Kozák to discuss measures for expanding the scope of bilateral cooperation in trade, investment, clean energy and EU’s economic legislations, as well as to request support for World Expo 2030 Busan. First, Trade Minister Ahn met with the Czech Republ date2023-11-13
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Korea-Middle East cooperation to enter new era of partnership
Trade, Industry and Energy Minister Bang Moon Kyu chaired the second Korea-Middle East Economic Cooperation Public-Private Joint Committee meeting, where they reviewed achievements and implementation methods, project progress by each department, and issues and suggestions from individual companies. MOTIE reported that since the start of the Yoon Suk Yeol administration, 143 contracts and memorandums of understanding (MOUs) were signed between the two sides worth approximately USD 87.4 billion, date2023-11-10
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Global efforts for cooperation in GHG reduction gather in Busan
The Ministry of Trade, Industry and Energy (MOTIE) is holding “Global Net Zero Connection in Korea” through November 9-10 in Busan for discussions on measures for cooperation in the reduction of greenhouse gas (GHG) emissions with 10 other countries, including Bangladesh, Cambodia, Indonesia and Vietnam. Hosted by MOTIE and organized by the Korea Trade-Investment Promotion Agency (KOTRA), “Global Net Zero Connection in Korea” is an event bringing together government inst date2023-11-10
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FTZ Innovation Strategy Forum lays out 30-year roadmap for Korea's free trade zones
The Ministry of Trade, Industry and Energy (MOTIE) held the first Free Trade Zone (FTZ) Innovation Strategy Forum on November 7, and discussed the strategic policy outlook for FTZs over the coming three decades with industry and regional experts, and business leaders. At the forum, a reassessment of the progress was made over the last 50 years, starting from the point when FTZs were first established. An interim report was also shared on the innovation strategy set to shape the development of F date2023-11-09
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Korea to bolster economic cooperation with Tanzania
Minister for Trade Dukgeun Ahn visited Dodoma, the capital of Tanzania, on November 8 as a Special Presidential Envoy to strengthen economic cooperation with the East African nation amid the rising strategic importance of the African continent as a new export market and major reservoir of mineral resources. The trade minister’s visit was accompanied by a public-private joint economic delegation composed of representatives of relevant organizations and companies, including the Export-Impor date2023-11-09