Tag: industry ministry

industry ministry

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The Ministry of Trade, Industry and Resources, headquartered in Sejong [YONHAP]

Korea to create investment fund for industrial growth, manufacturing AI projects

A fund dedicated to supporting projects that promote Korea's industrial growth and the AI transformation of the manufacturing industry will be created, with an anchor investment of at least 1 trillion won ($665.5 million).

2026.5.18

Industry Minister Kim Jung-kwan, left, poses for a photo with Canadian Minister of Energy and Natural Resources Tim Hodgson in Ottawa on May 6. [MINISTRY OF TRADE, INDUSTRY AND RESOURCES]

Industry minister meets with Canadian officials to discuss submarine bid

Industry Minister Kim Jung-kwan met with Canadian government officials and industry representatives to ask for support for a Korean consortium's bid to win Canada's key submarine project and discuss expanding industrial partnerships.

2026.5.7

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Vice Industry Minister Moon Shin-hak speaks at a government meeting held in Seoul on March 1 to assess the impact of the Iran crisis on the Korean economy. [NEWS1]

Gov't may impose export restrictions amid crude oil supply emergency: Vice minister

Korea remains in an "emergency situation" in terms of the country's crude oil supply, a senior official assessed Friday, noting the government may adjust oil supplies by refineries or impose export restrictions on related products.

2026.3.20

Steel products await shipment abroad at a port in Pyeongtaek, Gyeonggi, on March 12. [YONHAP]

Korea says Britain's new steel trade measures could violate bilateral FTA, vows active response

Korea's Ministry of Trade, Industry and Resources has expressed concerns over Britain's new protectionist steel trade measure, arguing that the move could potentially violate a bilateral FTA with Korea.

2026.3.20

Industry Minister Kim Jung-kwan speaks during an event at Seoul National University in Gwanak District, southern Seoul, on Nov. 24. [NEWS1]

Industry minister promotes Korea's sub capabilities in meeting with Canadian counterpart

Industry Minister Kim Jung-kwan stressed the technological and security strengths of Korean submarines in a meeting with his Canadian counterpart Monday, as they discussed ways to enhance bilateral cooperation in advanced industries.

2025.11.24

Containers are waiting to be shipped at a port in Pyeongtaek, Gyeonggi on Nov. 14. [NEWS1]

Korea's exports expected to continue upward trend in November on strong chip, auto performance

Korea will likely continue to log on-year growth in exports this month on the back of robust performance of the semiconductor and automobile sectors, the Industry Ministry said Monday, vowing efforts to maintain the upward momentum.

2025.11.24

Dark clouds hang over the skies above Posco's steel mill in Pohang, North Gyeongsang, on July 31. [NEWS1]

Gov't unveils steps to support restructuring of steel industry to overcome supply glut

The government will provide additional support to the steel industry for its much-needed transition to high-value and eco-friendly products, the industry ministry said Tuesday.

2025.11.4

A humanoid robot is showcased at the Industrial AI Expo held in Gangseo District, western Seoul, on Sept. 3. [YONHAP]

Korea aims to mass-produce humanoid robots in 2029 and self-driving cars in 2030

Korea plans to mass-produce humanoid robots by 2029 and self-driving cars by 2030, aiming to become a global leader in AI manufacturing.

2025.9.10

Export-ready cars are parked waiting for shipment at a port in Pyeongtaek, Gyeonggi, on March 31. [NEWS1]

Seoul, Washington to hold last round of trade talks before June 3 election

Officials from Korea and the United States will hold working-level consultations in Washington from Tuesday to Thursday to negotiate the reduction of reciprocal and item-specific tariffs, including those on steel, automobiles and semiconductors.

2025.5.20

Korean Industry Minister Ahn Duk-geun, left, poses for a photo with U.S. Secretary of Energy Chris Wright during their meeting in Washington on March 20. Ahn and Wright agreed to cooperate to 'swiftly' resolve the issue of Seoul being designated a 'sensitive' country by the U.S. Department of Energy, according to the Ministry of Trade, Industry and Energy. [MINISTRY OF TRADE, INDUSTRY AND ENERGY]

Seoul, Washington agree to 'swiftly' resolve 'sensitive' designation

Korea's industry minister and the U.S. secretary of energy met and agreed to "swiftly" resolve Seoul's designation of "sensitive country" by the department.

2025.3.21