Ministry of Industry Holds New Year's Meeting with Engineering Industry

The Ministry of Trade, Industry and Energy announced on the 16th that the Engineering New Year's Meeting was held at the Samjung Hotel in Seoul, attended by 150 key figures including Lee Seung-ryeol, Director of Industrial Policy, Lee Hae-kyung, President of the Korea Engineering Association, and representatives from the engineering industry.


This year marks the 50th anniversary of the establishment of the Engineering Association based on the Engineering Industry Promotion Act (formerly the Technical Service Promotion Act) enacted in 1973. On this day, Lee Hae-kyung, President of the Korea Engineering Association, emphasized the engineering industry's efforts for a new future and announced plans to promote institutional improvements to enhance the value of engineering, such as establishing an engineering history museum, streamlining contract work, and easing promotion restrictions for engineers based on academic and career qualifications, in cooperation with the government.


Fifty years ago, the engineering industry had only 63 companies with order performance of 2.1 billion KRW, but by 2022, the number of companies reached about 7,700, and order performance reached the scale of 10 trillion KRW.



Lee Seung-ryeol, Director of Industrial Policy, evaluated that the digitalization of engineering incorporating new technologies such as artificial intelligence (AI) and big data, as well as the growth of eco-friendly engineering due to carbon neutrality, are accelerating changes in the global market competition structure. He stated, "To help the industry strengthen its competitiveness in response to market changes, we will focus on promoting institutional improvements such as expanding research and development (R&D) and workforce training in eco-friendly and digital engineering, establishing support systems for overseas project orders, and managing standard unit prices and technical career personnel."


This content was produced with the assistance of AI translation services.

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