Ministry of Trade, Industry and Energy

The Ministry of Trade, Industry and Energy (MOTIE) was established at the birth of the Republic of Korea (ROK) in 1948 as the Ministry of Trade and Industry with the mission to coordinate the nations industries. In 1993, the Ministry of Trade and Industry was merged with the Ministry of Energy and Resources, an agency launched in 1977 to ensure stable energy supply, to create the Ministry of Trade, Industry and Energy (MOTIE). The ministry was reorganized in 1998 as the Ministry of Commerce, Industry and Energy after the new Kim Dae-jung administration transferred its role in trade policy to the Ministry of Foreign Affairs and Trade. In 2008, the Lee Myung-bak administration launched the Ministry of Knowledge Economy, integrating key parts of the former Ministry of Commerce, Industry and Energy, Ministry of Information and Communication, and Ministry of Science and Technology. The Ministry of Knowledge Economy helped the nation become a knowledge-based economy by reinforcing tradit...