Ministry of Trade, Industry and Energy

"AI" and "autonomous manufacturing" rise as keywords in discussing Korea's future of manufacturing

The Ministry of Trade, Industry and Energy (MOTIE) hosted the “Artificial Intelligence (AI) and Autonomous Manufacturing Innovation Strategy Forum” on December 21 at the Korea Chamber of Commerce and Industry (KCCI) in Seoul, attended by approximately 150 industry experts. Autonomous manufacturing, dubbed the “future of manufacturing”, refers to the future productivity environment based on the utilization of AI-based robotics and manufacturing facilities and equipment ac date2023-12-21

Korea's business leaders discuss economic cooperation with African Ambassadors

The Ministry of Trade, Industry and Energy (MOTIE) held the second Korea-Africa Trade and Industry Cooperation Forum on December 20 at the Westin Josun Hotel Seoul, attended by approximately 110 persons, consisting of the ambassadors and delegations of 17 African countries, as well as business leaders interested in entering the African market, and experts in relevant fields, including Morrocco's Ambassador to Korea Chafik Rachadi and Korea Plant Industries Association Vice Chairman Baek Jung-wan date2023-12-21

Minister stresses importance of amending laws and sentencing guidelines in preventing tech leaks

Trade, Industry and Energy Minister Bang Moon Kyu chaired the 47th Industrial Technology Protection Committee meeting on December 20 and highlighted that for the protection of industrial technology, it is important to impose strict punishment on those that commit technology leak crimes, and that it is necessary that the industrial technology protection laws be swiftly amended and sentencing guidelines be adjusted to better reflect reality. The meeting was this year’s seventh and last Comm date2023-12-21

MOTIE announces outcome of KNCP's arbitration procedures between Chanel Korea's labor union and management

The Ministry of Trade, Industry and Energy (MOTIE) held the Korean National Contact Point (KNCP) Committee meeting on December 19 and announced the adoption of the final statement issued over the complaint filed by the Chanel Korea labor union against its management in accordance with the OECD Guidelines for Multinational Enterprises, and closed the case. Chanel Korea’s labor union filed a complaint to KNCP on December 10 for the management’s alleged failure to take adequate measure date2023-12-20

Korea to push forward transition to clean hydrogen ecosystem

The Korean government held the sixth Hydrogen Economy Committee meeting on December 18 at the Lotte Hotel Seoul, chaired by Prime Minister Han Duck-soo, to announce major policies for accelerating the transition to a clean hydrogen ecosystem and nurturing the hydrogen industry. During the meeting, attendees discussed four main policy agendas: clean hydrogen certification system management measures, strategy for nurturing the hydrogen industry’s MPE (materials, parts, equipment) sectors, m date2023-12-20

Vice Minister discusses EV subsidies and other trade issues with French Trade Minister

Trade, Industry and Energy Vice Minister Youngjin Jang met Olivier Becht, the French Minister for Foreign Trade, Attractiveness and French Nationals Abroad, on December 19 in Seoul to request cooperation in trade issues, including France’s electric vehicle (EV) subsidies, and discussed measures to expand industrial cooperation in aerospace, R&D and carbon-free energy, such as nuclear power. France unveiled the list of EVs eligible for subsidies on December 15, the majority of which ar date2023-12-19

Korea and China hold 1st supply chain hotline meeting

The Ministry of Trade, Industry and Energy (MOTIE) and China’s Ministry of Commerce held the first supply chain hotline meeting and the fourth working-level meeting on the Korea-China industrial cooperation complex on December 18 in Seoul. The meetings were held to push close supply chain cooperation between the two countries through the invigoration of the supply chain hotline as agreed during the commerce ministers’ talks in San Francisco this November and during the fifth Korea-Ch date2023-12-19

MOTIE holds conference for sharing foreign investment regulatory improvement outcomes & future direction

The Ministry of Trade, Industry and Energy (MOTIE) held a conference on December 18 at the Korea Chamber of Commerce and Industry (KCCI), chaired by MOTIE's International Trade & Investment Deputy Minister Kim Wan-ki, to share foreign investment policy trends, regulatory improvement outcomes and discuss the challenges voiced by foreign-invested companies. The conference was attended by approximately 20 persons, consisting of representatives of the Chambers of Commerce of seven countries, in date2023-12-19