Tag: Ministry of Trade

Ministry of Trade

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Korea’s new trade chief vows to manage U.S. risks

Trade Minister Park Jung-sung also pledged to strengthen Korea’s strategic industries and global supply-chain role.

2026.8.24

Korea scrambles to assess fallout from new U.S. polysilicon tariffs

Government officials and major companies met to gauge the impact of Washington’s 15 percent polysilicon tariffs and prepare support measures for exporters and U.S.-based supply chains.

2026.8.11

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This photo provided by the Korea Trade-Investment Promotion Agency (Kotra) shows its headquarters in southern Seoul. [KOREA TRADE-INVESTMENT PROMOTION AGENCY]

Medium-sized companies sign $16.3 million in export deals at Kotra event

Medium-sized companies in Korea on Tuesday signed export deals and memorandums of understanding worth a combined $16.3 million, the Korea Trade-Investment Promotion Agency (Kotra) said.

2025.11.18

Cars are waiting to be exported at a port in Pyeongtaek, Gyeonggi, on Aug. 7. [YONHAP]

Gov't to bolster support for SMEs amid planned expansion of U.S. tariffs on steel, aluminum derivatives

The government will strengthen support measures for small- and medium-sized enterprises (SMEs) to be affected by the planned expansion of U.S. tariffs on steel and aluminum derivative products, the Industry Ministry said Monday.

2025.8.18

A red baseball cap designed by the Ministry of Trade, Industry and Energy to promote its “Make American Shipbuilding Great Again” initiative during trade talks with the United States is pictured on Aug. 3. [JOINT PRESS CORPS]

'Our full effort': How the MASGA hat was designed by AI, stitched in Seoul and flown across the Pacific

Korean officials presented a 'Make America Shipbuilding Great Again' hat during trade talks to promote a shipbuilding initiative.

2025.8.4

The photo shows LG Electronics’ telematics system, which features advanced technologies including V2X solutions. [NEWS1]

Gov't to offer $21.2 million for R&D projects in future mobility sector

The Seoul government will provide more than 30 billion won ($21.2 million) for research and development (R&D) projects aimed at developing core technologies in the future mobility sector, the Ministry of Trade, Industry and Energy said Wednesday.

2025.6.4

Minister of Trade, Industry and Energy Ahn Duk-geun speaks during an interview with the JoongAng Ilbo at Government Complex Seoul in central Seoul on July 2, 2024. [JOONGANG ILBO]

Korea to spend 480 billion won on developing AI-related services in 2025

Korea will spend some 480 billion won ($349.1 million) this year to develop innovative products and services based on AI, such as AI factories, AI chips and self-driving cars, the Industry Ministry said Wednesday.

2025.5.28

Minister of Trade, Industry and Energy Ahn Duk-geun walks toward the office of the chairperson of the Trade, Industry, Energy, SMEs and Startups Committee at the National Assembly in western Seoul on April 21. [NEWS1]

Seoul requests 'special consideration' in White House review of chip tariffs

Seoul submitted a formal letter to Washington requesting “special consideration” in a review that could lead to tariffs on semiconductor imports.

2025.5.7

A graphic representing artificial intelligence [JOONGANG ILBO]

Korea to apply AI technology in retail businesses to boost productivity

Korea will work to apply AI technology in retail businesses as part of efforts to enhance the productivity of the highly competitive sector, the Ministry of Trade, Industry and Energy said Wednesday.

2025.4.23

Korea opens first OLED display parts testing center

Korea's first organic light-emitting diode (OLED) display parts testing center has opened in South Chungcheong to boost the competitiveness of the country's display materials industry, the Ministry of Trade, Industry and Energy said.