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Ministry of Trade, Industry and Energy

Electric power equipment industry gearing up as Korea's new export growth engine

Trade, Industry and Energy Minister Dukgeun Ahn visited HD Hyundai Electric on July 4 in Gyeonggi Province to discuss export assistance measures for the electric power equipment and materials industry. As vast amounts of electric power are needed in the recent expansion o...

Jul 05,2024

Ministry of Foreign Affairs

Dialogue with Representatives of Civil Society and Academia in Preparation for  Fourth Cycle Universal Periodic Review of Democratic People’s Republic of Korea

1. On July 4, the Ministry of Foreign Affairs of the Republic of Korea (ROK) organized a dialogue with participants from civil society and academia in preparation for the ROK government’s participation in the fourth cycle Universal Periodic Review (UPR) of the Democratic People’s...

Jul 04,2024

Ministry of SMEs and Startups

MSS to establish a new global fund of KRW 1.2 Trillion

The Ministry of SMEs and Startups (MSS, Minister OH Youngju) announced the results of the selection of fund management companies to manage the global fund in 2024. This year's investment project was on an unprecedented scale of KRW 150 billion. The project received applica...

Jul 04,2024

Ministry of Foreign Affairs

MOFA Spokesperson’s Commentary on Israel’s Recent Expansion of Settlements in West Bank

1. The government of the Republic of Korea expresses its grave concern over Israel’s recent decisions regarding the expansion of settlements in the West Bank, such as the legalization of illegal outposts and the large-scale land seizure.2. The construction of the settlements is a...

Jul 04,2024

Ministry of Trade, Industry and Energy

Solar power distribution blueprint built around Korea's industrial complexes

Trade, Industry and Energy Vice Minister Namho Choe chaired the Renewable Energy Policy Meeting on July 3 and announced the ministry’s measures for invigorating solar power generation across industrial complexes as part of implementing the previously announced strategy for ...

Jul 04,2024

Ministry of Trade, Industry and Energy

Lotte Biologics' biopharma plant breaks ground in Songdo

Trade, Industry and Energy Vice Minister Kang Kyungsung attended the groundbreaking ceremony of Lotte Biologics’ biopharmaceuticals manufacturing plant on July 3 in Incheon, with the participation of Lotte Group Chairman Shin Dong-bin, major domestic and overseas pharmaceut...

Jul 04,2024

Financial Services Commission

Policy Finance Support Worth KRW3.5 Trillion Planned to Promote AI Development

The Financial Services Commission held the seventh consultative body meeting on policy finance support with related government ministries and policy financial institutions on July 4. The consultative body on policy finance support was launched at the end of 2022 to more effective...

Jul 04,2024

Ministry of Culture, Sports and Tourism

Korea and EU Discuss on Leading the Global Copyright Regime

The Ministry of Culture, Sports and Tourism (Minister YU In Chon, MCST) and the European Commission (President of the European Commission Ursula von der Leyen, EU) hosted the “1st EU-Korea Copyright Roundtable” in Seoul on July 4 (Thur).The “1st EU-Korea Copyrig...

Jul 04,2024

Ministry of Economy and Finance

The 242nd Ministerial Meeting on International Economic Affairs (Jul.4, 2024)

Deputy Prime Minister Choi Sang-mok held the Ministerial Meeting on International Economic Affairs at the Government Complex-Seoul on July 4 to discuss five agenda items: ①Strategic operation plans for the Export-Import Bank of Korea (EXIM Bank) policy financing, ②Strategies for ...

Jul 04,2024

Ministry of Foreign Affairs

Outcome of Korea-Luxembourg Foreign Ministers' Working Breakfast

1. Minister of Foreign Affairs Cho Tae-yul had a working breakfast with Luxembourg's Vice Prime Minister and Minister for Foreign Affairs and Foreign Trade, Xavier Bettel, who is on an official visit to Korea, on Wednesday, July 3. The two ministers discussed a range of areas, in...

Jul 03,2024