Resources, environment ministries team up to promote battery recycling industry Under the agreement, the two will establish a platform for battery trade and history, link certification systems for recycled materials, improve regulations and conduct research and development projects. 2026.8.7
Trade commission urges antidumping duties on Chinese paint substance The Korea Trade Commission recommended antidumping tariffs of up to 19.17 percent after finding unfairly cheap Chinese imports harmed local butyl acrylate producers. 2026.7.23
Government denies rumor it ordered Samsung, SK hynix to scrap bonus deals The Labor and Industry Ministries say viral claims that they ordered Samsung Electronics and SK hynix to scrap performance bonus deals for a profit-sharing scheme are false. 2026.7.1
Japan's Toray, Gumi sign $366 million MOU on fiber, film facilities Toray Industries signed a memorandum of understanding with the city of Gumi, province of North Gyeongsang and the Industry Ministry on a 500 billion won investment in facility construction. 2024.5.22
Minister nominee blames nuclear phaseout for Kepco debt Minister nominee Bang Moon-kyu blames the previous administration's nuclear phaseout and crude oil price hikes for Korea Electric Power Corporation's mounting debt. 2023.9.13
Korea aims to become biopharm product powerhouse Korea aims to become a global leading manufacturing powerhouse for biopharmaceutical products and hit $50 billion in bio-related sector exports by 2030. 2023.7.19
Auto exports jump 35% in September on popularity of eco-friendly cars Korea's car exports jumped 34.7 percent on-year in September on brisk demand for eco-friendly cars, data showed Friday. The value of outbound shipments of automobiles came to $4.79 billion last month, the largest ever for any September... 2022.10.14
17 Korean companies selected for government's business support program Seventeen more Korean companies have been included in a government program that will provide financial support and consulting to transitioning businesses. 2022.10.12
CEOs of Big Three shipbuilders meet with Trade Minister Korea's three largest shipbuilders will invest 234 billion won ($176.3 million) this year into the development of green maritime technologies like ammonia-powered vessels and digitization, the Ministry of Trade, Industry and Energy said Friday. 2022.8.19
Korean standards to be promoted internationally The government plans to spend 325.8 billion won ($263 million) to establish international standards for key Korean technologies, including 5G, intelligent transport systems and system semiconductors. 2020.5.31
![Industry Minister Ahn Duk-geun, right, shakes hands with Toray Industries President and CEO Akihiro Nikkaku at the Conrad Seoul on April 19, where the two discussed the company’s investment in manufacturing facilities in Korea. [MINISTRY OF TRADE, INDUSTRY AND ENERGY]](https://image.koreajoongangdaily.com/12083449.jpg?imageId=12083449&width=240&height=184&format=webp&format=jpg)
![Bang Moon-kyu, the nominee for the new Minister of Trade, Industry and Energy, speaks during a parliamentary confirmation hearing Wednesday, held at the National Assembly in western Seoul. [NEWS1]](https://image.koreajoongangdaily.com/11165658.jpg?imageId=11165658&width=240&height=184&format=webp&format=jpg)
![Trade, Industry, and Energy Minister Lee Chang-yang, left, looks around the Seoul Biohub in Dongdaemun District, eastern Seoul, on Wednesday. [MINISTRY OF TRADE, INDUSTRY AND ENERGY]](https://image.koreajoongangdaily.com/11346885.jpg?imageId=11346885&width=240&height=184&format=webp&format=jpg)
![Cars wait to be shipped at Hyundai Motor's factory in the southeastern city of Ulsan on September 16. [YONHAP]](https://image.koreajoongangdaily.com/11631194.jpg?imageId=11631194&width=240&height=184&format=webp&format=jpg)
![Jang Young-jin, Vice Minister of Trade, Industry and Energy discuss the acceptance of 17 companies on a government program that provide support on business expansion at a hotel in Seoul on Wednesday. [MINISTRY OF TRADE, INDUSTRY AND ENERGY]](https://image.koreajoongangdaily.com/10748608.jpg?imageId=10748608&width=240&height=184&format=webp&format=jpg)
![The heads of Korea's three largest shipbuilders meet with the Minister of Trade, Industry and Energy at the Four Seasons Hotel in Seoul on Friday. From left to right, Samsung Heavy Industries CEO Jung Jin-taek, Trade Minister Lee Chang-yang, Korea Shipbuilding & Offshore Engineering co-CEO Ka Sam-hyun and Daewoo Shipbuilding & Marine Engineering CEO Park Doo-sun. [YONHAP]](https://image.koreajoongangdaily.com/11432771.jpg?imageId=11432771&width=240&height=184&format=webp&format=jpg)
