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Ministry of Trade, Industry and Energy

The Ministry of Trade, Industry and Energy (MOTIE; Korean: 산업통상자원부; Hanja: 産業通商資源部) is a ministry under the Government of South Korea. It is concerned with regulating 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 Ahn Duk-geun, the former Head of the Trade Negotiations Division (as a 1st Deputy Minister) in the Department from May 2022 to January 2024.

History

The ministry began in 1948 as the Ministry of Commerce during 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.[1]

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 reorganization. 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.[2] 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).[3]

Headquarters

The headquarters are located in the Sejong Regional Government Complex in Sejong City.[4] The headquarters were formerly located in the Gwacheon Government Complex in Gwacheon, Gyeonggi Province.[5]

Subsidiary sections

Subsidiary organisations of the MOTIE include:

Organization

List of ministers

List of Ministers from 1948 to the present.[1]

Minister

Spokesperson

Minister for Trade

Bureau of Trade Policy

Bureau of Trade Cooperation

Office of FTA Negotiations

Office of International Trade and Investment

1st Vice Minister

Office of Planning and Coordination

Office of Industrial Policy

Office of Industry and Enterprise Innovation

2nd Vice Minister

Office of Energy Industry

Bureau of Resource Industry Policy

Bureau of Nuclear Energy Industry Policy

See also

References

  1. ^ "Introduction". Ministry of Trade, Industry and Energy.
  2. ^ Lee, Ho-jeong (May 24, 2018). "Moon brings swift change to the business landscape". Korea Joongang Daily.
  3. ^ "New vice minister post for trade ministry". Korea JoongAng Daily. 3 August 2021. Retrieved 2022-01-21.
  4. ^ "Location." (Archive) Ministry of Trade, Industry and Energy. Retrieved on January 1, 2014. "Address : 402 Hannuri-daero, Sejong-si, 339-012, Republic of Korea"
  5. ^ "Location." () Ministry of Knowledge Economy. Retrieved on January 1, 2013. "Address Ministry of Knowledge Economy, 88, Gwanmoonro, Gwacheon-si, Gyeonggi-do, Republic of Korea"

External links