Ministry of Trade, Industry and Energy(South Korea)

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 ec ...

, 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. 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 m ...

'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 Sejong (; ), officially the Sejong Special Self-Governing City (), is a special self-governing city and ''de facto'' administrative capital of South Korea. Sejong was founded in 2007 as the new planned capital of South Korea from many parts of ...

. The headquarters were formerly located in the Gwacheon Government Complex in

Gwacheon 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. Various attractions usually associate ...

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

References

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 {{korea-stub