[2021 업무보고] Ministry of Industry recovers $1 trillion in trade… Aim to leap to one of the four export powerhouses

[세종=뉴스핌] Reporter Eun-Seok Lim = This year, through total export support such as the supply of 167 trillion won in customized trade finance, the recovery of $1 trillion in trade and the leap to the 4th largest export power are promoted. In addition, the expansion of resident-participated power generation projects and the establishment of a hydrogen ecosystem to realize carbon neutrality will also take place in earnest.

On the 18th, the Ministry of Trade, Industry and Energy announced the ‘2021 business plan’ containing these details. This year, in the direction of’quick recovery, strong leap forward, strong solidarity’, it presented 20 major projects to realize the’industrial powerhouse leading the global economy’.

First of all, with the support for total exports, it will pursue a leap forward as one of the four export powerhouses beyond the recovery of $1 trillion in trade. To this end, it will supply 167 trillion won in customized trade finance, such as launching customized trade insurance for industrial demand and allowing insurance subscriptions immediately upon export declaration.

[성남=뉴스핌] Reporter Yoon Chang-bin = Minister of Trade, Industry and Energy Sung Yun-mo and attendees give a greeting at a corporate meeting to strengthen the system semiconductor industry ecosystem held at the Gyeonggi Enterprise Growth Center in Seongnam, Gyeonggi-do on the afternoon of the 16th. 2021.02.16 [email protected]

To cultivate 10,000 new export companies such as small business owners and roots, we will support the export first step package for 500 companies and expand the export base by establishing an integrated export support platform. Temporary vessel input, support for 10 million won per company, etc. It responds to foreign exchange fluctuations by expanding SMEs’ exchange insurance and discounting up to 45%. It also focuses on solving the three major export difficulties, including the extension of the operating period of the corporate mobility support center.

In addition, it will lead the carbon innovation of the energy industry through renewable energy and hydrogen. The scope of residents’ recognition, which was limited to power plants, will be expanded to include the vicinity of transmission lines, and residents will participate and benefit from national shareholders’ renewable energy projects through long-term low-interest loans and additional payments of new renewable energy supply certificates (REC).

We support the expansion of corporate renewable investments, such as the green premium system and the 3rd power purchase contract (PPA) according to the full implementation of 100% renewable energy (RE100).

The world’s first hydrogen method will be used as a foothold to build a powerful hydrogen ecosystem. Currently, 10 production bases are increased to 20, building national production bases and developing green hydrogen. It also plans to lead distribution innovation, such as low-cost rental of tube trailers for charging stations.

In order to de-coal and de-nuclear power plants, we will support the creation of new and renewable complexes in areas where power plants are closed, and nuclear power plant decommissioning laboratories will be established in Busan, Ulsan and Gyeongju.

In addition, in order to lead the Korean version of the New Deal, it will drive private investment and recover local vitality through full-scale promotion of large-scale projects. Construction of major projects such as Saemangeum solar power (2.8GW) and Shinan wind power (8.2GW) will be initiated within the year.

It lays the foundation for the four major manufacturing powerhouses by promoting the’Manufacturing Renaissance 2.0′, including carbon neutrality. Shipbuilding is reorganizing its business to focus on self-sufficiency and eco-friendly smart ships as a core item of liquefied natural gas (LNG) ships. Steel will develop decarbonization technology in earnest and foster high-value premium steel materials.

Future vehicles, a new industry, will expand charging stations, diversify mobility, and reorganize future businesses, create a market by expanding public demand, and accelerate autonomous vehicle technology development and demonstration.

Bio is promoting a leap forward as a leading bio country through expansion of production capacity and localization of small managers, and to develop and demonstrate biodegradable packaging materials to promote white bio in earnest. In the semiconductor field, we will focus on fostering a fabless ecosystem such as design/development support and opening of a foundry, while building the’K-semiconductor belt’ in earnest, including the construction of the Yongin cluster within this year.

In addition, the expansion of New Southern-New Northern cooperation, the expansion of exports related to the Regional Comprehensive Economic Partnership Agreement (RCEP), and the active review of participation in the Comprehensive and Progressive Circle Pacific Economic Partnership Agreement (CPTPP) were reviewed, and new markets were conducted. It plans to lead the setting of an international agenda in the field of digital and eco-friendly.

Minister of Industry Park Jin-gyu said, “For the past four years, we have actively responded to Japanese export regulations, while recovering real economy vitality and driving rapid economic recovery through manufacturing innovation.” Will be promoted in earnest.”

Ministry of Trade, Industry and Energy business plan for 2021 [자료=산업부] 2021.02.17 [email protected]

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