산업통상자원부 産業通商資源部 Saneop Tongsang Jawonbu | |
![]() Emblem of the Government of South Korea | |
Agency overview | |
---|---|
Formed | July 17, 1948 (as Ministry of Commerce) March 23, 2013 |
Preceding agencies |
|
Jurisdiction | Government of South Korea |
Headquarters | Sejong City, South Korea |
Employees | 32,902 |
Ministers responsible |
|
Child agencies | |
Website | www.motie.go.kr |
The Ministry of Trade, Industry and Energy (MOTIE) is a ministry under the Government of South Korea. It is concerned with regulating some economic policy, especially with regard to the industrial and energy sectors. The ministry also works to encourage foreign investment in Korea. The current minister is Moon Sung-wook.
The ministry began in 1948 as the Ministry of Commerce in the First Republic. In 1993 it was merged with the Ministry of Energy, established in 1977. A year later the ministry changed its name to Ministry of Trade and Energy. In 1998 it transferred trade negotiation duties to the foreign ministry changing its name to Ministry of Industry and Energy. In 2008 it was restructured into Ministry of Knowledge Economy following newly elected president Lee Myung-bak's cabinet reogranisation. In 2013 following president Park Geun-hye's cabinet reorganisation the ministry was restructured into the current form bringing back trade negotiation duties from the foreign ministry. In 2017 it delegated duties related to SMEs to newly created Ministry of SMEs and Startups under President Moon Jae-in. In 2018 it added the third vice ministerial role for energy policies in addition to existing trade minister and vice minister (now 1st vice minister). [1]
The headquarters are located in the Sejong Regional Government Complex in Sejong City. [2] The headquarters were formerly located in the Gwacheon Government Complex in Gwacheon, Gyeonggi Province. [3]
Subsidiary organisations of the MTIE include:
Gwacheon is a city in Gyeonggi Province, South Korea. It lies close to Seoul in the heart of the Seoul National Capital Area, and also lies just east of Anyang. Seoul Subway Line 4 passes through the city.
A Commerce minister is a position in many governments that is responsible for regulating external trade and promoting economic growth. In many countries, this role is separate from a finance minister, who has more budgetary responsibilities.
The Taiwan Miracle or Taiwan Economic Miracle refers to the rapid industrialization and economic growth of Taiwan during the latter half of the twentieth century. As it developed alongside Singapore, South Korea and Hong Kong, Taiwan became known as one of the "Four Asian Tigers".
The Government of South Korea is a centralized democratic republic with the three primary branches of government; executive, legislative and judicial. The president acts at the head of state and is the highest figure of authority in the country, followed by the prime minister and government ministers in decreasing order.
The Ministry of Economy and Finance oversees the financial policies of the South Korean government. It publishes a monthly report on the national economy, known as the "Green Book." The current minister is Hong Nam-ki. The headquarters is in the Sejong Government Complex in Sejong City.
Sejong, officially the Sejong Special Self-Governing City, is a special self-governing city and de facto administrative capital of South Korea.
South Korea's Ministry of Employment and Labor is a cabinet-level ministry overseeing labor affairs. Its predecessor agency, the Division of Labor, was established under the direction of the Minister of Social Affairs (사회부장관) on 11 November 1948. It was upgraded to a cabinet ministry on 8 April 1981.
Korea Institute of Industrial Technology (KITECH) is a South Korean government research institute, established in 1989 to help develop technologies for the domestic industry, with focus on export competitiveness and SMEs.
The Ministry of Land, Infrastructure and Transport (MOLIT) is a cabinet-level division of the government of South Korea. Its headquarters is in the Sejong Government Office in Sejong City.
The Ministry of International Trade and Industry, abbreviated MITI, is a ministry of the Government of Malaysia that is responsible for international trade, industry, investment, productivity, small and medium enterprise, development finance institution, halal industry, automotive, steel, strategic trade. The ministry has its headquarters located at Menara MITI on Jalan Sultan Haji Ahmad Shah in Kuala Lumpur and the building is also a component of Naza TTDI’s 75.5-acre KL Metropolis, a mixed development that is envisioned to be the International Trade and Exhibition District for Kuala Lumpur. It is one of the three ministries that has not moved to Putrajaya.
The China–South Korea Free Trade Agreement is a free trade agreement between China and South Korea signed in 2014 and active since the following year.
The Ministry of Science, ICT and Future Planning was a ministry of the Government of South Korea. Its purpose is to set, manage, and evaluate science and technology policy, support scientific research and development, develop human resources, conduct R&D leading to the production and consumption of Atomic power, plan national informatization and information protection strategies, manage radio frequency bands, oversee the information and communications technology (ICT) industry, and operate Korea Post. Its headquarters we in Building #4 of the Gwacheon Government Complex in Gwacheon, Gyeonggi Province.
KSA, formerly known as Korean Standards Association, is a public organization under South Korea's Ministry of Trade, Industry and Energy (MOTIE). KSA was established in 1962 pursuant to Article 32 of the Industrial Standardization Act.
The Korea–Australia Free Trade Agreement (KAFTA) is a bilateral agreement seeking to reduce trade and investment barriers between Australia and South Korea. The agreement, which came into effect on the 12th of December 2014 provides Australian goods exporters, service providers and investors with significantly improved access to the South Korean market. The trade agreement stems from decades of bilateral relations, encompassing security, trade and diplomatic ties from 1962, when then President Park Chung-Hee introduced a series of five-year plans designed to spur globalisation efforts and industrial development in Korea following the end of the Korean War.
The Ministry of Agriculture, Food and Rural Affairs (MAFRA) is a cabinet-level division of the government of South Korea. It is headquartered in the Sejong Government Complex in Sejong City. It was established as Ministry of Agriculture, with the founding of the First Republic of Korea in 1948.
The Ministry of Science and ICT is a ministry of the Government of South Korea. It succeeds former Ministry of Science, ICT and Future Planning.
The Secretary of State for Energy is a senior official within the Ministry for the Ecological Transition of the Government of Spain. The Secretary of State is appointed by the Monarch after being nominated by the Council of Ministers with the advice of the Minister for the Ecological Transition.
Yoo Myung-hee was the Minister for Trade of South Korea. She was the first woman to hold the position. Over the past 25 years, she worked in various government agencies since she passed the Korean state civil servant exam in 1991.
Sung Yun-mo is a South Korean politician previously served as the Minister of Trade, Industry and Energy under President Moon Jae-in from 2018 to 2021.
South Korea has concluded free trade agreements (FTAs) and other agreements with a trade component with countries around the world and is negotiating with others.