Ministry of Industry Renames Some Departments... "Reflecting New Government's National Philosophy"

Enactment and Enforcement of the "Ministry of Trade, Industry and Energy and Affiliated Agencies Organization Rules"

Minister Lee Chang-yang of the Ministry of Trade, Industry and Energy is speaking at the industry meeting on responses to the U.S. Semiconductor and Electric Vehicle Support Act held on the 25th at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul. Photo by Moon Ho-nam munonam@

[Asia Economy Sejong=Reporter Lee Jun-hyung] The Ministry of Trade, Industry and Energy has changed the names of some departments to reflect the new government's national philosophy.

On the 31st, the Ministry announced that it had revised and promulgated the "Enforcement Rules of the Ministry of Trade, Industry and Energy and Its Affiliated Agencies Organization." The main point of the revision is to change the names of some departments related to energy and trade. A ministry official explained, "The change in department names reflects the new government's policy direction of establishing energy security and new industry trade strategies," adding, "It was also revised to effectively promote national tasks."

Specifically, the existing Energy Transition Policy Officer was changed to Energy Policy Officer. The Energy Transition Policy Division was also renamed the Energy Policy Division. The New Northern Trade General Division and New Southern Trade Division were changed to the Trade Cooperation General Division and Asia Trade Division, respectively.

The four personnel who were temporarily assigned to the Regulatory Sandbox Team within the ministry were converted to regular staff. The Regulatory Sandbox Team is responsible for regulatory exemption tasks related to new products and services. This change is seen as reflecting the Yoon Suk-yeol administration's commitment to regulatory reform.

The organization under the Korea Energy Management Corporation was changed to the Energy Efficiency Division. Originally, the Renewable Energy Policy Division was in charge of the Energy Management Corporation. The ministry expects that this revision will enable more efficient promotion of energy demand management projects.

Meanwhile, the Ministry of Trade, Industry and Energy is conducting its own organizational diagnosis in accordance with the Ministry of the Interior and Safety's "Central Government Organization Diagnosis Promotion Plan." The ministry plans to reorganize its structure through consultations with related ministries within the year to efficiently implement the Yoon Suk-yeol administration's national philosophy.

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