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.

Ministry of Trade, Industry and Energy
산업통상자원부
産業通商資源部
Saneop Tongsang Jawon-bu

MOTIE headquarters in Sejong City
Agency overview
FormedJuly 17, 1948 (1948-07-17) (as Ministry of Commerce)
March 23, 2013 (2013-03-23)
Preceding agencies
  • Ministry of Commerce (1948-1993)
  • Ministry of Energy (1978-1993)
  • Ministry of Commerce and Energy (1993-1994)
  • Ministry of Trade and Energy (1994-1998)
  • Ministry of Industry and Energy (1998-2008)
  • Ministry of Knowledge Economy (2008-2013)
JurisdictionGovernment of South Korea
HeadquartersSejong City, South Korea
Ministers responsible
  • Bang Moon-kyu, Minister
  • Ahn Duk-geun, Minister for Trade
  • Jang Young-jin, 1st Vice Minister
  • Park Il-joon, 2nd Vice Minister
Child agency
Websitewww.motie.go.kr

The current minister is Lee Chang-yang.

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:

  • 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

Minister for Trade
  • Deputy Minister for Trade

Office of FTA Negotiations
  • Director General for FTA Policy
  • Director General for FTA Negotiations
  • East Asia FTA Bureau
  • 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

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

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

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". koreajoongangdaily.joins.com. 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"
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