Ministry of Industry Forms Public-Private Task Force for Korea-US Cooperation... Minister Andeokgeun Holds Relay Meetings

Automobile and Battery Industry Meeting
Shipbuilding, Steel, and Semiconductor Sectors Also Scheduled

Andeok Geun, Minister of Industry and Energy

The Ministry of Trade, Industry and Energy announced that Minister Andeok-geun held consecutive meetings with the automotive and battery industries in Seoul on the 13th to discuss the impact of the U.S. presidential election and response measures.

At the morning meeting with the automotive industry held at the Korea Automobile Manufacturers Association, attendees included Kim Il-beom, Vice President of Hyundai Motor Company; Kang Nam-hoon, Chairman of the Korea Automobile Manufacturers Association; Lee Taek-seong, Chairman of the Korea Automobile Industry Cooperative; Na Seung-sik, President of the Korea Automotive Technology Institute; Jo Cheol, Senior Research Fellow at the Korea Institute for Industrial Economics and Trade; and Park Han-jin, Professor at Hankuk University of Foreign Studies. At the afternoon meeting with the battery industry held at the Korea Institute for Advancement of Technology, attendees included Lee Seok-hee, CEO of SK On, Park Jin-won, Vice President of LG Energy Solution; Park Jin, Vice President of Samsung SDI; Lee Byung-hee, President of L&F; Kim Jang-woo, Vice President of Ecopro BM; Park Tae-sung, Vice Chairman of the Korea Battery Industry Association; and Hwang Kyung-in, Associate Research Fellow at the Korea Institute for Industrial Economics and Trade.

At the meetings, participants reviewed the expected changes in the global trade environment following the inauguration of the new U.S. administration and discussed industry-specific response strategies for the automotive and battery sectors, which are our key industries.

The industry highlighted that companies have continuously invested in advanced manufacturing sectors in the U.S. and established local parts supply chains, creating quality jobs and contributing to the U.S. economy. They requested the government to play a role in maintaining close economic cooperation with the U.S. going forward.

Minister Ahn emphasized that since the automotive and battery sectors account for a large share of our exports and have a high concentration in the U.S. market, it is crucial to respond swiftly to changes in U.S. policies. The attendees agreed on the importance of forming a public-private one team to minimize uncertainties from external environmental changes and to create opportunities during the global supply chain restructuring process.

The Ministry of Trade, Industry and Energy plans to hold meetings with other key domestic industries such as shipbuilding, steel, and semiconductors, starting with these two sectors, to explore policy support measures and responses to changes in the global trade environment. Additionally, a 'Public-Private Task Force for U.S. Cooperation (TF)' will be formed and fully activated with major industries, and continuous monitoring will be conducted through global trade strategy meetings.

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