Ministry of Trade, Industry and Energy

Korea and Israel sign 6 MOUs in bio, robot & smart mobility

Trade, Industry and Energy Minister Lee Chang-yang and Israeli Foreign Minister Eli Cohen attended on June 7 the Korea-Israel Business Seminar where a ceremony was held for the signing of six memorandums of understanding (MOUs) on investment in bio, robot and smart mobility. Two of the participating firms are Korea’s Cure Therapeutics and Israel’s Adva Biotechnology, which agreed to establish a plant for mass-production of cell therapies. Korea’s Ministry of Trade, Industry a date2023-06-08

Trade Minister attends OECD ministerial meeting

Minister for Trade Dukgeun Ahn is attending the Organization for Economic Co-operation and Development (OECD) Ministerial Council Meeting (MCM) held in Paris from June 7-8 as the delegation head of the Korean government, where he is participating in discussions on “Securing a Resilient Future: Shared Values and Global Partnerships.” During talks on economic resiliency held on June 7, the trade chief introduced some of the key policies pushed by the Korean government for internationa date2023-06-08

Korea and Japan hold 20th Steel Dialogue

The Ministry of Trade, Industry and Energy (MOTIE) and Japan’s Ministry of Economy, Trade and Industry (METI) held the 20th Korea-Japan Steel Dialogue on May 31 in Tokyo following a five-year hiatus, on the backs of the recent revitalization of the two countries’ relations and lifting of COVID-19 restrictions. During the Dialogue, MOTIE’s Metals and Ceramics Division Director Oh Choong-jong and his Japanese counterpart, Director Daisuke Matsuno, led discussions on the ste date2023-06-08

Minister Lee chairs 43rd Industrial Technology Protection Committee meeting

  Trade, Industry, and Energy Minister Lee Chang-yang chaired the 43rd Industrial Technology Protection Committee meeting on May 30 and announced a revision to the Industrial Technology Protection Act. The proposed revision includes establishing a screening process for mergers and acquisitions of companies with national core technologies by foreign private equity funds operating in Korea, introducing a system to mandate the determination of institutions holding national core technologies date2023-06-05

Korea takes on full-scale response to nurture advanced, strategic industries

South Korean Prime Minister Han Duck-soo chaired the second meeting of the National High-Tech Strategic Industry Committee on May 26 at the Government Complex Seoul for the establishment of the “Basic Plan for Nurturing and Protecting National High-Tech Strategic Industries” and designation of advanced, strategic technologies and industries to secure Korea’s advanced industries’ competitiveness amid the intensifying global technology competition. The finalized 'First Bas date2023-06-05

Trade Minister holds bilateral talks on sidelines of APEC MRT meeting

Minister for Trade Dukgeun Ahn held bilateral talks with the trade ministers of the U.S., China, Canada, Chile and other major member countries of the Asia-Pacific Economic Cooperation (APEC), on the occasion of the APEC's 29th Ministers Responsible for Trade (MRT) meeting held from May 25-26 in Detroit, U.S. With U.S. Trade Representative Katherine Tai, Trade Minister Ahn discussed the two countries’ partnership in economy, advanced industries, and the Indo-Pacific Economic Framework for date2023-06-05

2nd Vice Minister attends International Business Forum for Nuclear Clean Hydrogen

Trade, Industry, and Energy 2nd Vice Minister Kang Kyung-sung attended the International Business Forum for Nuclear Clean Hydrogen on May 25, which was hosted by Korea Hydro & Nuclear Power (KHNP) and organized by the Hydrogen Convergence Alliance (H2KOREA). This forum, held as a special event of the World Climate Industry EXPO (WCE 2023), was themed as “Role and Challenges for Nuclear Hydrogen in Achieving Carbon Neutrality”, and was attended by more than 150 industry and acad date2023-06-02

Korea and Oman discuss energy supply chain cooperation

Trade, Industry, and Energy 2nd Vice Minister Kang Kyung-sung held talks with Moshin bin Hamad bin Saif Al Hadhrami, Undersecretary of the Ministry of Energy and Minerals in Oman on May 25 in Busan, on the occasion of the Undersecretary’s first visit to Korea to attend the World Climate Industry EXPO (WCE 2023). The two energy chiefs discussed the issue of securing a stable energy supply chain between Korea and Oman, and supporting Korean companies’ participation in Oman’s pl date2023-06-02