Ministry of Trade Industry and Resources

Trade Minister attends 19th China-ASEAN Expo

Trade Minister Ahn Duk-geun attended the 19th China-ASEAN Expo opening ceremony via videoconferencing on September 16 and gave a congratulatory message in the presence of representatives from ASEAN member states, including Malaysia, Cambodia, Singapore and Vietnam. date2022-09-19

Minister holds 1st Energy Policy Consultation Committee Meeting

Trade, Industry and Energy Minister Lee Chang-yang presided the 1st Energy Policy Consultation Committee Meeting on September 16 at the Lotte Hotel Seoul to discuss renewable energy strategies amid the global energy supply crisis and changing energy landscape.   At the meeting, Incheon National University Professor Sonn Yang-hoon was awarded the certificate of appointment by Minister Lee on behalf of the newly commissioned consultation members. Minister Lee gave an opening message and fac date2022-09-19

MOTIE attends ASEAN energy meetings

The Ministry of Trade, Industry and Energy (MOTIE)’s Energy Policy Director-General Lee Won-ju attended the 16th East Asia Summit (EAS) and 19th ASEAN+3 Energy Ministers’ Meeting on September 16 to discuss energy security reinforcement and clean energy expansion with counterparts from ASEAN and Northeast Asia. At the EAS, Director-General Lee emphasized the urgency of global energy market stabilization and energy security reinforcement, and expressed agreement to the need for clean date2022-09-19

MOTIE awards contributors at 19th Shipbuilding & Offshore Korea 2022

The Ministry of Trade, Industry and Energy's Deputy Minister for the Office of Industrial Policy Joo Young-joon attended the 19th Shipbuilding & Offshore Korea 2022 ceremony and awarded 34 awardees to acknowledge their contributions to achieving the world’s first autonomous collision avoidance navigation system demonstration.   Deputy Minister Joo gave a congratulatory message for the achievements contributing to the abovementioned technology demonstration, and attended the MOU date2022-09-16

Minister holds Energy Innovation Startup Business Roundtable

Trade, Industry and Energy Minister Lee Chang-yang presided the Energy Innovation Startup Business Roundtable on September 15 at Korea Technology Center in Seoul to facilitate discussions on government support measures for innovative energy startups, investment, deregulation and startup nurturing. The roundtable was attended by Korea Institute of Energy Technology Evaluation and Planning (KETEP) Kweon Ki-yeoung, Energy X CEO Sean Park, and Terralix CEO Kim Tae-young among other representatives. date2022-09-16

Minister holds 1st Energy Policy Consultation Committee Meeting

Trade, Industry and Energy Minister Lee Chang-yang held the 1st Energy Policy Consultation Committee Meeting on September 16 where he gathered experts’ opinions on global energy supply crisis countermeasures. Amid the rapidly changing energy market landscape, protracted Russia-Ukraine war and the energy policy directions announced in July that are to be implemented under the new regime, the need for preemptive mid-to-long term policy tasks and active communication with experts has been co date2022-09-16

Korea's auto exports expand 29.1% in August

The Ministry of Trade, Industry and Energy announced on September 16 that Korea’s automobile production, domestic sales, and exports all increased in August by 21.0 percent, 1.0 percent and 29.1 percent, respectively. Automobile output in August surged 21.0 percent to 284,361 units owing to partial recovery of parts supply chain and previous year’s base effect. Domestic sales inched up 1.0 percent to 131,638 units, with higher demand for imported models. Domestic brands suffered a date2022-09-16

Korea's ICT exports decline 4.6% in August

The Ministry of Trade, Industry and Energy announced on September 16 that exports of Korea’s information and communications technology (ICT) goods decreased 4.6 percent to USD 19.3 billion in August. Imports recorded year-on-year growth of 18.7 percent to $13.5 billion, and the trade balance stood at a deficit of $9.5 billion. Shipments of most major ICT products declined as demand for ICT goods shrank worldwide. Those of semiconductors dropped 6.8 percent to $11.0 billion, falling for date2022-09-16

MOTIE announces Energy Innovation Startup Development Measures

Trade, Industry and Energy Minister Lee Chang-yang visited the vanadium ion battery (VIB)-based electric vehicle (EV) charging station demonstration site operated by Standard Energy, and presided the Energy Innovation Business Roundtable at Korea Technology Center in Seoul, where he announced the Ministry’s Energy Innovation Startup Development Measures (hereinafter “Development Measures”). Standard Energy, located in Daejeon, is a company recognized for its VIB technology wit date2022-09-15

Trade Minister to attend ASEAN meetings in Cambodia

Trade Minister Ahn Duk-geun will be attending the 19th ASEAN Economy Ministers’ Meeting, the 25th ASEAN+3 Meeting, the 10th East Asia Summit (EAS) Ministers’ Meeting and the Regional Comprehensive Economic Partnership (RCEP) Ministers’ Meeting through September 16-18 held in Siem Reap, Cambodia. Key objectives of these meetings are to bolster economic cooperation with ASEAN partners in the Indo-Pacific region, expand trade and investments opportunities in the East Asian region date2022-09-15