Ministry of Trade Industry and Resources

Minister holds ROK-Australia Critical Minerals Business Roundtable

The Ministry of Trade, Industry and Energy (MOTIE) Minister Lee Chang-yang held the ROK-Australia Critical Minerals Business Roundtable on October 12 at the Four Seasons Hotel in Seoul to discuss critical minerals supply chain and U.S.’ Inflation Reduction Act (IRA) with Australia’s Trade and Tourism Minister Don Farrell.   Minister Lee gave an opening message, and discussed long-term contracts, mutual investment and supply chain cooperation in the presence of 20 Korean and Au date2022-10-13

MOTIE holds ROK-Australia Critical Minerals Business Roundtable

The Ministry of Trade, Industry and Energy (MOTIE) held the ROK-Australia Critical Minerals Business Roundtable on October 12 at the Four Seasons Hotel in Seoul to secure a stable critical minerals supply chain for domestic companies and to counter the U.S.’ Inflation Reduction Act (IRA) impact. As Korea’s FTA partner, Australia is rich in critical minerals, ranking first worldwide in production of lithium (takes up 49 percent of global production), third in cobalt (4 percent) and m date2022-10-12

MOTIE hosts Global Bio & Pharma Plaza 2022

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 12 that it will be hosting the Global Bio & Pharma Plaza 2022 (GBPP 2022) at Lotte Hotel World in Seoul together with the Korea Trade-Investment Promotion Agency (KOTRA) and Korea Pharmaceutical Traders Association on October 12-13. Approximately 80 buyers will be participating from 21 countries, including the U.S., India, Thailand, Indonesia and Brazil, for the trade fair and market strategy briefing sessions. South K date2022-10-12

MOTIE holds Public-Private Joint Task Force meeting on IRA

Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin presided the Public-Private Joint Task Force meeting on U.S. Inflation Reduction Act (IRA) on October 11 at the Korea Chamber of Commerce and Industry (KCCI) in Seoul and discussed countermeasures against impact on the automobile, battery and energy industries.The meeting was attended by various relevant companies and organizations, including Hyundai Motor, Samsung SDI and Korea Automobile Manufacturers Association ( date2022-10-11

2nd Vice Minister visits BIPV demonstration complex site

Trade, Industry and Energy 2nd Vice Minister Park Il-jun visited the Seoul Energy Corporation BIPV (Building Integrated Photovoltaic) demonstration complex site in Mok-dong, Seoul on October 11 to inspect the site and encourage entrance into new markets.   In his opening message, Vice Minister Park stated that “the BIPV industry is different from the conventional solar power development in that its product competitiveness is based on high value-added technology and design rather tha date2022-10-11

Minister holds 1st Business Realignment & Banks Joint Strategy Meeting

Trade, Industry and Energy Minister Lee Chang-yang presided the 1st Business Realignment & Banks Joint Strategy Meeting & MOU Signing Ceremony held at the Korea Chamber of Commerce and Industry (KCCI) on October 6 and signed the MOU on strengthening banks’ support for companies that grant approval for business realignment.   The meeting was convened to discuss the establishment of a cooperation system between the Ministry and Korea’s Financial Supervisory Service (FSS) date2022-10-07

Trade Minister attends IPEF Strategy Symposium

Trade Minister Ahn Duk-geun attended the IPEF Strategy Symposium on October 6, held under the theme of “Supply Chain Realignment Era, the Meaning of Indo-Pacific Economic Framework for Prosperity (IPEF) and Role of Korea.”   At the symposium, the Trade Minister gave a congratulatory message, followed by keynote speeches by Adam Posen, President of the Peterson Institute for International Economics (PIIE), and Deborah Elms, Executive Director of Asian Trade Center. Presentation date2022-10-07

Trade Minister attends IPEF Strategy Symposium

Trade Minister Ahn Duk-geun attended the IPEF Strategy Symposium on October 6, held under the theme of “Supply Chain Realignment Era, the Meaning of Indo-Pacific Economic Framework for Prosperity (IPEF) and Role of Korea.” At the symposium, the Trade Minister gave a congratulatory message, followed by keynote speeches by Adam Posen, President of the Peterson Institute for International Economics (PIIE), and Deborah Elms, Executive Director of Asian Trade Center. Presentations were date2022-10-07

Minister holds “Public Institutions’ Energy Diet Resolution 10”

Trade, Industry and Energy Minister Lee Chang-yang held the “Public Institutions’ Energy Diet Resolution 10” on October 6 at the Seoul Energy Dream Center, in which 16 major institutions’ representatives attended to announce the energy saving policies and implementation plans going forward.   The representatives recited and signed the resolution stating goals of 1) achieving minimum 10 percent energy saving 2) practicing the five principles of winter season energy date2022-10-07

Minister holds “Public Institutions’ Energy Diet Resolution 10”

Trade, Industry and Energy Minister Lee Chang-yang held the “Public Institutions’ Energy Diet Resolution 10” on October 6 at the Seoul Energy Dream Center, in which 16 major institutions’ representatives attended to announce the energy saving policies and implementation plans going forward. The representatives recited and signed the resolution stating goals of 1) achieving minimum 10 percent energy saving 2) practicing the five principles of winter season energy saving a date2022-10-07