Ministry of Trade Industry and Resources

Vice Minister and Airbus DS CEO discuss measures to advance cooperation

The Ministry of Trade, Industry and Energy (MOTIE)’s Vice Minister Youngjin Jang met with Michael Schoellhorn, CEO of Airbus Defense & Space (Airbus DS), on September 13 in Seoul to exchange views on measures to expand cooperation between Korea and Airbus. Issues discussed include the establishment of the Airbus Korea International Technology Center (AKITC) in Korea, joint development of the technologies for the next-generation aircraft and low earth orbit small satellites. MOTIE also date2023-09-14

Thirty-plus K-Design companies to participate in Paris' Maison&Objet

The Ministry of Trade, Industry and Energy (MOTIE) announced on September 7 that it is operating a Design Korea booth at the trade fair 'Maison&Objet Paris 2023' from September 7-11 in France to promote K-design overseas and support Korean designers make their debut in the global market. Maison&Objet is the world’s largest trade fair for consumer goods and interior goods showcasing approximately 2,500 brands from 60 countries. This year, 33 Korean design firms will be exhibiting a date2023-09-07

Korea hosts International Biodegradable Plastics Conference 2023

The Ministry of Trade, Industry and Energy (MOTIE) and Incheon Metropolitan City are hosting the International Biodegradable Plastics Conference 2023 from September 6-7 at Songdo Convensia in Incheon. Amid rising concerns over plastic pollution in the international community, biodegradable plastics are gaining recognition as core items for achieving a circular economy, and other advanced countries are making efforts to nurture the biodegradable plastics industry and improve regulations. The la date2023-09-07

Korea launches Carbon Neutrality Grand Consortium

The Ministry of Trade, Industry and Energy (MOTIE) launched the Carbon Neutrality Grand Consortium on September 5, which aims to share across all industry sectors the outcomes of the KRW 41 billion carbon neutrality technology development project launched earlier this year. The Carbon Neutrality Grand Consortium is centered on the sub-consortiums of four sectors, namely steel petrochemicals, semiconductor/display and cement, including not only the firms participating in the carbon neutrality te date2023-09-06

Korea's retail sales grow 5.9% in July

The Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) announced on August 29 that Korea’s retail sales in July achieved an overall growth of 5.9 percent, year-on-year. Offline and online sales both expanded, by 3.9 percent and 8.1 percent, respectively, with July being the first summer holidays season since complete lifting of social distancing. MOTIE releases monthly retail sales figures based on surveys of 25 major retailers. Thirteen of them are brick-and-m date2023-08-30

Korea forms public-private cooperation system to secure high-tech chip packaging technology

The Republic of Korea’s Trade, Industry and Energy Ministry’s Industrial Policy Office Deputy Minister Joo Young-joon chaired a memorandum of understanding (MOU) signing ceremony for public-private joint semiconductor high-tech packaging technology development with a view to secure advanced packaging industrial competitiveness. Representatives of semiconductor buyer companies like Samsung Electronics, SK Hynix, outsourced semiconductor assembly and test (OSAT) companies and fabless date2023-08-30

Vice Minister attends Gangwon High-Tech Industry Development Strategy Forum 2023

Trade, Industry and Energy Vice Minister Youngjin Jang attended the Gangwon High-Tech Industry Development Strategy Forum 2023 on August 29 held at Interburgo Hotel Wonju to discuss measures for nurturing the province’s advanced industries, including semiconductors, bio and future mobility.   Gangwon Special Self-Governing Province Governor Kim Jin-tae, National Assembly members Park Jeongha and Song Ki-heon, and Wonju Mayor Won Kang-soo were among the approximately 200 attendees co date2023-08-30

Korea to seek measures for nurturing local high-tech industries

The Republic of Korea’s Trade, Industry and Energy Vice Minister Youngjin Jang visited Entegris Korea, an MPE (materials, parts, equipment) manufacturer, on August 29 in Wonju in Gangwon Province and attended the Gangwon High-Tech Development Strategy Forum 2023 to discuss measures for Gangwon Province to contribute to nurturing advanced industries, such as semiconductors, bio and future mobility. Entegris Korea is a company specializing in semiconductor MPEs, including specialty gases, v date2023-08-29

Korea launches Global Star Fabless Project

The Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) held the Global Star Fabless Project launching ceremony on August 28 at the Gyeonggi Business Growth Center. One of the two major pillars of the chip industry along with foundries, the semiconductor design sector’s need for highly skilled technology and know-how serves to heighten its market barrier, with 90 percent of the global market shared by the world’s top 30 companies as of 2022. Accordingly, the Ko date2023-08-29

Trade Minister visits reshoring chip equipment manufacturer

Minister for Trade Dukgeun Ahn visited on August 17 the semiconductor equipment manufacturer (CVD SiC Focus Ring) KNJ, located in Asan-si, to discuss the company’s reshoring and recent management situation as well as Government support measures.   Trade Minister Ahn stated that “reshoring of firms playing major roles in the high-tech supply chain contributes greatly to not only investment, employment and exports but also to supply chain stability,” and added that “ date2023-08-21