Korea Joongang Daily
Korea JoongAng Daily

Gov't to provide $13.4B to support auto parts makers' R&D, future mobility

The Ministry of Trade, Industry and Resources said that nearly 20 trillion won ($13.4 billion) in financial support will be provided to auto parts makers to help finance their research and development, or R&D, and business shifts for future mobility.

2026-05-14

Industry Ministry initiates public-private dialogue to address global trade security challenges

The industry ministry held an inaugural public-private trade security dialogue on Tuesday with executives from major semiconductor, AI and quantum companies to discuss ways to address myriad global challenges facing these key industries.

2026-04-28

Gov't to offer 300 billon won for projects aimed at fostering AI, green transformation of industrial complexes

The Ministry of Trade, Industry and Resources said Tuesday it will provide a combined 300 billion won ($203.6 million) in support for projects aimed at facilitating the AI and green transformation of industrial complexes.

2026-04-28

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

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.

2025-08-18

'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.

2025-08-04

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.

2025-06-04

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.

2025-05-28

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.

2025-05-07

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.

2025-04-23