Search results for Korea International Trade Association
Industry
MOTIE urgently convenes business groups to address supply chain risks from Middle East war
South Korea\'s Ministry of Trade, Industry and Energy activated an emergency cooperation channel with major business groups to respond to supply chain risks linked to the war in the Middle East. Minister Kim Jung-kwan met leaders from six economic organisations on March 27 after a presidential emergency economy meeting. The government asked for efforts to secure alternative suppliers, check inventories and prevent collusion and hoarding. It also urged energy-saving measures and pledged strict action against disruptions.
Industry
MOTIE holds emergency meeting on U.S. tariff ruling, seeks close talks to keep friendly consultations
South Korea’s Ministry of Trade, Industry and Energy held an emergency public-private meeting on Feb. 23 to discuss responses to changes in U.S. tariff policy. The meeting reviewed the impact on industries and exports after a U.S. federal Supreme Court ruling invalidating the International Emergency Economic Powers Act and the U.S. administration’s announcement of additional tariff measures. Participants agreed to coordinate closely as further U.S. steps could have complex effects.
Industry
Industry ministry warns economic groups over fake news, says it undermines trust across economy
South Korea\'s industry ministry has begun an audit into a Korea Chamber of Commerce and Industry press release that contained false statistics, after holding an emergency meeting with six major economic groups. Industry Minister Kim Jeong-gwan apologised as the minister overseeing the chamber and criticised the release for citing estimates from a private immigration consulting firm rather than a professional survey agency. He said the matter could confuse the public and markets and damage trust in the policy environment.
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Industry
MOTIE discusses response to EU supply chain due diligence revision
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Finance
Third Commercial Act revision nears as value-up catalyst, business warns of management chill
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Industry
Industry ministry distributes tariff response videos and reports
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AI & Enterprise
Automation World 2026 to be held in March, spotlighting AI factory trends