Ministry of Trade, Industry and Energy

MOTIE to push 4 major measures for industrial and energy R&D innovation

Trade, Industry and Energy Minister Dukgeun Ahn chaired the R&D Innovation Roundtable on January 18 at the Samsung Seoul R&D Campus and announced measures for innovation and strategic investment in industrial and energy R&D. After 20 separate meetings with approximately 500 researchers, the Ministry of Trade, Industry and Energy (MOTIE) has laid down four major measures for innovation. First, MOTIE will provide concentrated assistance for world-leading R&D projects that aim for date2024-01-19

Middle-market enterprises respond with positive economic forecast for Q1 2024

The Ministry of Trade, Industry and Energy (MOTIE) announced on January 18 the results of the economic forecast survey on Korea's middle-market enterprises for the first quarter (Q1) of 2024. MOTIE conducts the survey on a quarterly basis on approximately 800 middle-market companies. The survey revealed that six major indices, namely overall economy (up 3.2 percentage points to 92.7), exports (up 3.5 percentage points to 97.6), domestic demand (up 0.2 percentage points to 90.5), operating profi date2024-01-18

Korea and France seek measures for cooperation in advanced technology areas

The Ministry of Trade, Industry and Energy (MOTIE) and the Ministry of Economics and Finance of France held the 8th Korea-France New Industries Technology Cooperation Forum (“Forum”) on January 17 in Paris and agreed to expand the scope of bilateral cooperation in advanced technology areas. The Forum is in its eighth year since launched in 2014 with aim to share the two countries’ joint R&D outcomes, uncover industry-academia joint projects and sound out potential global pa date2024-01-17

Korea's ICT exports grow 8.1% in December

The Ministry of Trade, Industry and Energy (MOTIE) announced on January 16 that Korea's exports and imports of information and communications technology (ICT) goods for December 2023 recorded USD 18.3 billion (up 8.1 percent year-on-year) and $10.9 billion (down 7.2 percent), respectively. The trade balance stood at a surplus of $7.3 billion. Semiconductor exports, driven by the steep climb of memory chips (up 57.5 percent to $7.0 billion), posted double-digit growth for the second consecutive date2024-01-17

Blueprint for robot industry development 2024-2028 is out

The Ministry of Trade, Industry and Energy (MOTIE) announced the finalized Fourth Intelligent Robot Basic Plan (2024-2028) through the Robot Industry Policy Deliberation Committee Meeting held on January 16 as part of implementing the advanced robot industry’s vision and strategy announced in December 2023, based on the Intelligent Robots Development and Distribution Promotion Act. The Basic Plan is to be established and enforced by MOTIE on a five-year basis. The global society today is date2024-01-16

Korea's auto exports in 2023 surpass previous record by over 30%

The Ministry of Trade, Industry and Energy (MOTIE) announced on January 16 that the annual export value of automobiles hit a record-breaking USD 70.9 billion in 2023, surpassing the previous record of $54.1 billion in 2022 by over 30 percent. The achievement is attributed to the strategic expansion of the proportion of high value-added eco-friendly cars (up 51 percent year-on-year to $24.2 billion) in automotive exports in step with the global shift towards green and automation. The export unit date2024-01-16

MOTIE & MSIT ministers give joint press briefing on chip mega cluster

Trade, Industry and Energy Minister Dukgeun Ahn held a public forum on measures for nurturing Korea’s chip mega cluster on January 15 with the Science and ICT Minister Lee Jong-ho under the theme of “Semiconductor Industry for Enriching Public Livelihood” at the Government Complex Seoul and gave a press briefing and held a Q&A session. date2024-01-16

MOTIE and MSIT hold joint public forum on measures for nurturing world's largest chip cluster

The Ministry of Trade, Industry and Energy (MOTIE) and Ministry of Science and ICT (MSIT) held a joint discussion forum on measures for nurturing the world’s largest semiconductor mega cluster on January 15 with the participation of 110 civilians, composed of students, young researchers, residents of mega cluster districts and semiconductor industry workers under the theme of “Semiconductor Industry for Enriching Public Livelihood.” The “Mega Cluster” area refers t date2024-01-16

Integrated Korean exhibition garners success at CES 2024

The Ministry of Trade, Industry and Energy (MOTIE) announced on January 14 that the Korean exhibition at Consumer Electrics Show (CES) 2024 garnered much attention from foreign buyers thanks to the integrated brand value of Korean firms and their technological innovations. Key figures of global companies, including Microsoft Chairman and CEO Satya Nadella, paid their visit to the Korean exhibition at CES 2024, in which an all-time high number of 443 Korean firms participated this year. To note, date2024-01-15

MOTIE to roll out measures for stabilizing supply chain in 2024

Starting this year, the Ministry of Trade, Industry and Energy (MOTIE) will be launching measures to stabilize the supply chain in earnest following the Industrial Supply Chain Strategy announced on December 13. First, the ministry will drastically up the R&D budget on key supply chain items from last year’s KRW 17.6 billion to 73.9 billion won this year. Support will go towards the technological development of 29 key items like secondary battery materials and electrical and electroni date2024-01-11