Ministry of Trade Industry and Resources

Korea and Australia hold 31st Joint Committee on Energy and Mineral Resources

The Ministry of Trade, Industry and Energy (MOTIE) co-hosted the 31st Korea-Australia Joint Committee on Energy and Mineral Resources (hereinafter “JCEM”) with Australia’s Department of Climate Change, Environment, Energy and Water, (DCCEEW) and Department of Industry, Science and Resources (DISR) at the Lotte Hotel Seoul on August 22. JCEM is the official communication channel run since the 1980s on energy and mineral resources issues between Korea and Australia. The 31st mee date2022-08-23

Minister holds talks with Korea's top 3 shipbuilder CEOs

Trade, Industry and Energy Minister Lee Chang-yang held talks with the CEOs of Korea’s top three shipbuilders at the Four Seasons Seoul on August 19 to discuss key issues and future shipyard prospects.   The Minister met with the chiefs of Korea Shipbuilding & Offshore Engineering (KSOE), Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries (SHI) to gather opinions and exchange views with regard to the new regime’s shipbuilding industry directio date2022-08-19

Minister holds conference with top 3 shipbuilder CEOs

Trade, Industry and Energy Minister Lee Chang-yang held a conference with the CEOs of top three domestic shipbuilders on August 19 to discuss key issues and future goals for Korea’s shipyard. The three shipbuilders represented at the conference are Korea Shipbuilding & Offshore Engineering (KSOE), Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries (SHI). One major issue raised by the CEOs was the difficulty of finding quality human resources to take on p date2022-08-19

MOTIE kicks off Nuclear Energy Exports Strategy Committee

Trade, Industry and Energy Minister Lee Chang-yang attended the Nuclear Energy Exports Strategy Committee launching ceremony at K-SURE headquarters on August 18 to award appointment certifications to civilian members and discuss major issues for nuclear energy exports.   The Nuclear Energy Exports Strategy Committee’s aim is to bolster Korea’s global nuclear energy competitiveness through the establishment, implementation, and assessment of comprehensive national strategies, o date2022-08-19

MOTIE kicks off Nuclear Energy Exports Strategy Committee

Trade, Industry and Energy Minister Lee Chang-yang kicked off the public-private joint Nuclear Energy Exports Strategy Committee (hereinafter “Committee”) and presided its first meeting on August 18. The Committee is composed of approximately 30 distinguished specialists, consisting of Deputy Minister-level officials from nine other relevant ministries, as well as public institution professionals and private industry-academia experts. Some major tasks for this Committee will be th date2022-08-18

Minister Lee holds Promising Industries Exporters Conference

Trade, Industry and Energy Minister Lee Chang-yang visited the Osong Life Science National Complex in Cheongju on August 16 to discuss exports boosting measures and presided the Promising Industries Exporters Conference.   In his opening remarks, the Minister stated that “for South Korea’s economy to achieve substantial growth, the role of new industries like bio-health, cosmetics and secondary batteries is critical” and discussed countermeasures and current issues with date2022-08-17

2nd Vice Minister visits Electrical Safety Education Center

Trade, Industry and Energy 2nd Vice Minister Park Il-jun visited the Electrical Safety Education Center (ESEC) in Asan-si on August 16 for innovation of regulations of energy safety areas and job creation through private market.   The Vice Minister received a briefing on ESEC operation status and education regulatory innovation measures from ESEC President Kim Sung-joo. After touring the facilities and experiencing the virtual reality (VR) education program, he stated that “efforts date2022-08-17

Minister Lee holds Promising Industries Exporters Conference

Trade, Industry and Energy Minister Lee Chang-yang visited the Osong Life Science National Complex on August 16 to assess tenant companies’ trade status and to discuss measures for invigorating exports. Coming against the backdrop of surging prices of energy and raw materials, the Russia-Ukraine war, trade balance challenges, global economic slowdowns, supply chain uncertainties and interest rate hikes, Minister Lee’s visit aims to seek measures to further vitalize South Korea&rsquo date2022-08-17

1st Vice Minister awards 300th biz realignment program certificate

Trade, Industry and Energy 1st Vice Minister Jang Young-jin visited on August 15 a domestic car parts manufacturer, Esys, which focuses on producing modules for EVs and self-driving cars, and is the 300th company to have been granted approval for the business realignment program.   The Vice Minister received a briefing on company operations from Essys Chairman Kim Yong-bum and President Noh Min-cheol. He then awarded the business realignment company approval certificate to the representat date2022-08-16

Korea's auto exports value grows 25.3% in July

The Ministry of Trade, Industry and Energy (MOTIE) announced on August 16 that Korea’s automobile output, outbound shipments and exports value increased 9.1 percent, 23.1 percent, and 25.3 percent, respectively, while domestic sales contracted by 3.0 percent. Amid persisting global supply chain uncertainties, the temporary abatement of the parts supply crisis has led to increases in both production and exports of finished cars. Meanwhile, domestic sales of Korean brands have remained larg date2022-08-16