Ministry of Trade Industry and Resources

Minister chairs 2nd Pan-Ministerial Export Situation Assessment Meeting

Minister Lee Chang-yang chaired the 2nd Pan-Ministerial Export Situation Assessment Meeting on May 16 at the Government Complex Seoul to select the promising export items among the core manufacturing industry and 12 prospective export areas. In his opening message, the Minister stated that “export conditions are still challenging due to slowdowns in the semiconductor industry and global economy, and whole-of-the-government efforts are required to achieve a powerful rebound out of the tr date2023-05-22

Korea and Germany discuss measures to bolster supply chain cooperation

Minister for Trade Dukgeun Ahn met with Jörg Kukies, Germany’s State Secretary for Economic, Finance and European Affairs at the Federal Chancellery, on May 22 at the Lotte Hotel Seoul to discuss measures to bolster Korea-Germany supply chain cooperation. date2023-05-22

Korea and Indonesia launch E-Mobility Cooperation Center

Trade, Industry and Energy 1st Vice Minister Jang Young-jin met with Dr. Dadan Kusdiana, Indonesia’s Director General of the New Renewable Energy and Energy Conservation under the Ministry of Energy and Mineral Resources, on May 15 in Jakarta, where they held a signboard hanging ceremony for launching of the Korea-Indonesia E-Mobility Cooperation Center. The Ministry of Trade, Industry and Energy (MOTIE) plans to supply Indonesia with 65 electric vehicles (EVs), 90 electric two-wheeled ve date2023-05-22

Minister Lee chairs Display Industry Innovation Strategy Roundtable

Trade, Industry and Energy Minister Lee Chang-yang held the Display Industry Innovation Strategy Roundtable on May 18 at the Courtyard by Marriott Seoul Namdaemun and led discussions on Korea’s display industry development and strategy directions. Minister Lee remarked that “the Display Industry Innovation Strategy announced today is significant in that it is the outcome of deliberation and a first step taken by the Government and the private sector to reclaim the top spot in the gl date2023-05-22

Korea and Canada enter MOU for cooperation in critical minerals & energy

The Ministry of Trade, Industry and Energy (MOTIE) announced on May 17 that, on the occasion of the Korea-Canada summit meeting, Korea's MOTIE and Canada's Innovation, Science and Economic Development Canada (ISED) and Natural Resources Canada entered a memorandum of understanding (MOU) for cooperation in critical minerals supply chain, clean energy transition and energy security to bolster cooperation in trade, investment and recycling of critical minerals, hydrogen and other clean energy areas date2023-05-19

MOTIE announces innovation strategy for Korea's display industry

Trade, Industry and Energy Minister Lee Chang-yang held the Display Industry Innovation Strategy Roundtable on May 18 at the Courtyard by Marriott Seoul Namdaemun and led discussions on Korea’s display industry development and strategy directions. Amid intensifying competition in the global display market, public and private sectors are joining hands for Korea to reclaim the world’s no. 1 display powerhouse position by securing super gap technology. The private sector aims to invest date2023-05-19

Minister Lee attends Carbon-Free Energy Forum launching ceremony

Trade, Industry and Energy Minister Lee Chang-yang attended the Carbon-Free Energy Forum launching ceremony on May 17 at the Korea Press Center in Seoul and led discussions on carbon-free energy certification and Forum management directions. The Minister stated in his opening message that “Re100” is a meaningful campaign, but it can be burdensome for companies, so it is necessary to consider realistic policies and systems through a more inclusive approach incorporating the carbon-fr date2023-05-19

MOTIE and KCCI launch Carbon-Free Energy Forum

The Ministry of Trade, Industry and Energy (MOTIE) and the Korea Chamber of Commerce and Industry (KCCI) held a ceremony on May 17 at the Korea Press Center for launching the “CFE Forum” with aim to internationally expand the use of carbon-free energy. CFE stands for “Carbon-Free Energy” and refers to any energy source that does not emit greenhouse gases. The CFE Forum is composed of various private sector energy firms and experts to draw a wide range of opinions and fac date2023-05-18

Korea's automobile export value hits all-time high of $6.2 billion in April

The Ministry of Trade, Industry and Energy (MOTIE) announced on May 16 that Korea’s automobile exports reached a total of USD 23.2 billion this year (January- April) with a trade surplus of $17.7 billion, making automobiles the largest contributor to improving Korea’s total trade balance. Export value for the month of April also hit an all-time high of $6.2 billion (up 40.3 percent year-on-year). Automobile production, domestic sales and exports for April grew 24.7 percent to 382,26 date2023-05-18

Minister Lee visits semiconductor component manufacturer

Trade, Industry and Energy Minister Lee Chang-yang visited Haesung DS, a semiconductor MPE (materials, parts, equipment) manufacturer located in Changwon-si, South Gyeongsang Province, on May 15 and received a company briefing from CEO Cho Byung-hak and toured IC package substrate production facilities and encouraged employees. date2023-05-17