![Ministry of Trade, Industry and Energy(South Korea)](https://upload.wikimedia.org/wikipedia/commons/0/05/Ministry_of_Trade%2C_Industry_and_Energy%28South_Korea%29.JPG)
The Ministry of Trade, Industry and Energy (MOTIE) is a ministry under the
Government of South Korea
The Government of South Korea is the union government of the Republic of Korea, created by the Constitution of South Korea as the executive, legislative and judicial authority of the republic. The president acts as the head of state and is th ...
. It is concerned with regulating some
economic policy
The economy of governments covers the systems for setting levels of taxation, government budgets, the money supply and interest rates as well as the labour market, national ownership, and many other areas of government interventions into the e ...
, especially with regard to the industrial and energy sectors. The ministry also works to encourage foreign investment in Korea. The current minister is
Lee Chang-yang
Lee Chang-yang (李昌洋, born 1962) is a South Korean professor of public policy at KAIST who served as Ministry of Trade, Industry and Energy, Minister of Trade, Industry and Energy under the Cabinet of Yoon Suk-yeol, Yoon Suk-yeol government. ...
.
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
Lee Myung-bak (; ; ; born 19 December 1941) is a South Korean businessman and politician who served as the 10th president of South Korea from 2008 to 2013. Before his presidency, he was the CEO of Hyundai Engineering and Construction, and the ma ...
's cabinet reorganisation. In 2013 following President
Park Geun-hye
Park Geun-hye (; ; often in English ; born 2 February 1952) is a South Korean politician who served as the 11th president of South Korea from 2013 to 2017, until she was impeached and convicted on related corruption charges.
Park was the fi ...
'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
The Ministry of SMEs and Startups (중소벤처기업부, 中小벤처企業部) is a ministry of the Republic of Korea, established in July 2017 by the Moon Jae-in government. It succeeds the former Small and Medium Business Administration (중 ...
under President
Moon Jae-in
Moon Jae-in (; ; born 24 January 1953) is a South Korean former politician, civil servant and lawyer who served as the 12th president of South Korea between 2017 and 2022. Prior to his presidency, he served as Senior Secretary for Civil Affairs an ...
. 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).
Headquarters
The headquarters are located in the Sejong Regional Government Complex in
Sejong City. The headquarters were formerly located in the Gwacheon Government Complex in
Gwacheon
Gwacheon () is a Administrative divisions of South Korea, 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, Gyeonggi, Anyang. Seoul Subway Line 4 passe ...
,
Gyeonggi Province
Gyeonggi-do (, ) is the most populous province in South Korea. Its name, ''Gyeonggi'', means "京 (the capital) and 畿 (the surrounding area)". Thus, ''Gyeonggi-do'' can be translated as "Seoul and the surrounding areas of Seoul". Seoul, the na ...
.
Subsidiary sections
Subsidiary organisations of the MOTIE include:
*Korean Agency for Technology and Standards
*Korea Trade Commission (not to be confused with the country's anti-trust agency
Fair Trade Commission)
*Mine Registration Office
*Electricity Regulatory Committee
*Free Economic Zone Planning Office
Organization
Minister
* Policy Advisor to the Minister
* Director General for Audit and Inspection
Spokesperson
Minister for Trade
* Deputy Minister for Trade
Bureau of Trade Policy
Bureau of Trade Cooperation
Office of FTA Negotiations
* Director General for FTA Policy
* Director General for FTA Negotiations
* East Asia FTA Bureau
Office of International Trade and Legal Affairs
* Director General for International Trade Affairs
* Director General for Trade Legal Affairs and Public Relations
Office of International Trade and Investment
* Director General for International Trade Policy
* Director General for Cross-Border Investment Policy
* Director General for Domestic Policy on Trade
* Director General for Trade Controls Policy
1st Vice Minister
Office of Planning and Coordination
* Director General for Policy Coordination
* Director General for Emergency and Security Planning
Office of Industrial Policy
* Director General for Industrial Policy
* Director General for Materials and Components Industries
* Director General for Manufacturing Industry
Office of Industry and Enterprise Innovation
* Director General for Industrial Technology Convergence Policy
* Director General for Regional Economic Policy
* Director General for Middle Market Enterprise Policy
2nd Vice Minister
Office of Energy Industry
* Director General for Energy Transition Policy Policy
* Director General for Electricity Innovation Policy
* Director General for Renewable Energy Policy
* Director General for Hydrogen Economy Policy
Bureau of Resource Industry Policy
Bureau of Nuclear Energy Industry Policy
See also
*
Government of South Korea
The Government of South Korea is the union government of the Republic of Korea, created by the Constitution of South Korea as the executive, legislative and judicial authority of the republic. The president acts as the head of state and is th ...
*
List of government agencies of South Korea
*
Economy of South Korea
The economy of South Korea is a highly developed mixed economy. By nominal GDP, it has the 5th largest economy in Asia and the 13th largest in the world. South Korea is notable for its rapid economic development from an underdeveloped natio ...
References
External links
Official MOTIE pageOfficial MOTIE page/MUL
Ministry of Knowledge Economy(Archive)
Ministry of Knowledge Economy (Archive)
Official MOCIE Page(Archive)
Official MOCIE Page (Archive)
Government ministries of South Korea
Economy of South Korea
South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...
South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...
South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...
Ministries established in 1948
1948 establishments in South Korea
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