Ministry of Trade, Industry and Energy

Korea and ASEAN to expand economic cooperation via solidarity initiative

Minister for Trade Dukgeun Ahn and the Korean delegation attended the ASEAN Economic Ministers’ Meeting from August 20-22 in Semarang, Indonesia, and held bilateral, multilateral meetings with counterparts from the U.S., China, Japan and India to review agenda items for the upcoming ASEAN summit meeting to be held in September in Jakarta and to discuss measures for promoting regional trade and business. The Korean delegation explained in detail the economic cooperation measures in accorda date2023-08-23

Korea holds Global Talent Fair 2023

The Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) and Ministry of Employment and Labor (MOEL) co-host the Global Talent Fair 2023 from August 21-22 at COEX in Seoul. Merging three major job fairs into one, Global Talent Fair 2023 is the largest single job fair to be held in Korea, with 382 firms managing their own recruitment booths where job seekers can visit their company of interest and consult with the human resources (HR) manager, leading to actual job interviews date2023-08-21

Korea to push R&D projects to secure cutting-edge technologies

The Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) Vice Minister Youngjin Jang chaired the Industrial Technology R&D Strategy Meeting on August 17 at the Korea Chamber of Commerce and Industry (KCCI) and led discussions on the direction of investment and improvement of industrial technology R&D for 2024, as well as measures to expand the scope of international joint R&D projects. The meeting was attended by representatives from relevant institutes, includin date2023-08-21

Korea attends 13th APEC Energy Ministerial Meeting in Seattle

  The Republic of Korea’s Energy Industry Deputy Minister Cheon Young-gil headed the Korean delegation participating in the 13th Asia-Pacific Economic Cooperation (APEC) Energy Ministerial Meeting from August 15-16 held in Seattle, U.S., breaking the eight-year hiatus following the previous APEC energy ministerial meeting. Korea, the U.S., Canada, Japan, China, Russia, Taiwan, Australia, Indonesia and Malaysia were among the 21 economies that gathered to discuss measures for 1) expa date2023-08-18

Korea's automobile exports record $5.9 bln in July

The Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) announced on August 17 that Korea’s automobile exports for July reached a total of USD 5.9 billion, recording a historic high for July monthly exports. The accumulated value of automobile exports from January to July reached $41.6 billion, entering the $40 billion thresholds within the shortest amount of time in Korea’s vehicle exporting history. The number of exported Korean cars grew 2.8 percent to 228,9 date2023-08-17

Korea reviews preparations for World Expo 2030 Busan

The Republic of Korea’s Trade, Industry and Energy Minister Chang-Yang Lee held a meeting on August 17 in Seoul to assess the situation for the World Expo 2030 Busan and reviewed the preparation progress and upcoming schedule with relevant ministries and organizations. With approximately 100 days left until the date of final announcement of the Expo host city, meeting attendees discussed various issues, including overseas marketing, Bureau International des Expositions (BIE) schedule, com date2023-08-17

Korea's ICT exports record $14.6 billion in July

The Republic of Korea’s Ministry of Trade, Industry and Energy announced on August 16 that Korea's exports and imports of information and communications technology (ICT) goods for July recorded USD 14.6 billion (down 24.3 percent year-on-year) and $11.4 billion (down 13.7 percent), respectively. The trade balance stood at a surplus of $3.2 billion. ICT exports fell amid low semiconductor unit prices and slow demand for ICT devices. However, the export decline rate is gradually recovering date2023-08-16

Korea seeks future growth engines in power semiconductors & battery complexes

The Republic of Korea’s Trade, Industry and Energy Minister Chang-Yang Lee visited the power semiconductor materials, parts and equipment (MPE) specialized complex in Busan and the national high-tech strategic industrial complex for secondary batteries in Ulsan on August 16 to seek measures for their further development. The Busan complex is seeing KRW 800 billion worth of corporate investment deals pushing forward efforts to claim the bridgehead role in the compound power semiconductor m date2023-08-16