Government Increases Investment in Root Industries by 57%: Fostering Manufacturing for Economic Growth
The government is investing a budget of 636.9 billion won, an increase of 57% from last year, to foster ‘root industries’ based on manufacturing. The Ministry of Trade, Industry and Energy announced on the 8th that it is holding the 23rd Root Industry Development Committee in writing and has discussed and decided on the ‘Root […]
Government Launches AI Semiconductor Cooperation Forum to Boost Industry Collaboration and Development
(Photo = Ministry of Trade, Industry and Energy) The Ministry of Trade, Industry and Energy (Minister Ahn Deok-geun) and the Ministry of Science and ICT (Minister Lee Jong-ho) aim to develop artificial intelligence (AI) semiconductor technology and provide an opportunity for cooperation between semiconductors that based on manufacturing. demand companies and semiconductor supply companies with […]
Government’s Multi-Billion Dollar Investment in High-Tech Industry, Supply Chain Stabilization, and Carbon Neutrality
Investment in high-tech industry, supply chain stabilization, and carbon neutrality… First publication of a new assignment The Ministry of Trade, Industry and Energy announced on the 3rd that it will invest a total of 1.141 trillion won in the development of materials and parts technology this year to address the gap in the high-tech industry […]
Government and Businesses Collaborate to Address Global Semiconductor Market Challenges
In order to preemptively respond to the intensifying global semiconductor market, the government and companies are working to achieve a semiconductor gap through a single team system. A hotline between the government and corporate CEOs will be used to proactively resolve semiconductor issues, and a ‘great development plan’ to create a Korean-style Nvidia will also […]
[원전 최강국 고삐죈다] Government spurs pro-nuclear power policy… 3.3 trillion won in work supply + doubled special financing this year
Minister of Trade, Industry and Energy Ahn Deok-geun announced that he would foster Changwon and Gyeongnam into a global SMR cluster at the ‘People’s Livelihood Debate’ held at the Gyeongnam Provincial Office on the 22nd. [사진=연합뉴스] The government will supply nuclear power plants worth 3.3 trillion won this year. This is an increase of 300 […]
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◇Energy Economy Newspaper ▷Editor-in-Chief and Head of Industry Department Song Young-taek ◇CWN (Central World News) ▷Industry Department 2 Manager Son Hyun-seok ◇Ministry of Education ▷Deputy Director Koo Young-sil, dispatched to the Korean Education Institute in Washington ▷So-young Lee, Deputy Director of After-School Care Policy and Support Services ▷Secretary Ji-young Kwon, dispatched to the Sydney Korean […]
Vice Minister of Trade, Industry and Energy Visits POSCO Future M Plant for Industry Revival Talks
First Vice Minister of Trade, Industry and Energy Kang Kyung-seong (left) and POSCO Future M CEO Kim Jun-hyung (right) move inside the POSCO Future M Pohang artificial graphite cathode material plant to attend a meeting. (Photo = Ministry of Trade, Industry and Energy) The Ministry of Trade, Industry and Energy announced on the 17th that […]
Lose the cow and fix the barn… Reduce dependence on graphite and urea to 50%
Ministry of Trade, Industry and Energy, Building 13, Sejong Government Complex, Sejong City.[사진=유대길 기자 dbeorlf123@ajunews.com] The government has decided to reduce dependence on key materials to 50% by 2030 to respond to the supply chain crisis triggered by China’s export controls, such as graphite and urea. To this end, the stockpile of key minerals will […]
US Government Announces Detailed Regulations for Foreign Companies of Concern: Implications for Battery Industry
US Government Announcement Raises Concerns for International Battery Industry The recent announcement of detailed regulations for ‘Foreign Concerned Enterprises’ (FEOCs) by the US government has sent shockwaves through the global battery industry. This comes as the US lays out specific criteria for companies that will be exempt from electric vehicle subsidy benefits. In particular, joint […]
Korea’s First Hydrogen Electric Tram Operates in Ulsan
Korea’s First Hydrogen Electric Tram Begins Operation in Ulsan By Seong Eun-sook, Monthly Economic News Ulsan City marked a significant milestone in eco-friendly transportation as it launched Korea’s first hydrogen electric tram. The historic moment was celebrated through a test drive event held at Ulsan Port Station in Maeam-dong, Nam-gu on the 14th. Test Drive […]
