The Ministry of Industry is catching two rabbits this year: a positive export conversion and a $1 trillion recovery in trade. It will lead the Korean version of the New Deal by promoting large-scale renewable energy projects and attracting private investment. In addition, it will leap into the four major manufacturing powerhouses through eco-friendly and digital innovation.
On the 17th, the Ministry of Trade, Industry and Energy announced the ‘2021 work plan’ with such contents as the core.
The Ministry of Industry diagnosed that although major industries are expected to recover, centering on exports, uncertainty remains, eco-friendly and digital transformation is rapidly taking place, and the global trade order is reorganizing.
The Ministry of Industry is planning to become a high-tech industry powerhouse by accelerating the economic recovery this year, led by the real economy such as exports and the Korean version of the New Deal, and strengthening eco-friendly and digital competitiveness.
To this end, the Ministry of Industry selected five key initiatives this year, ▲Export Plus Conversion ▲Korea Version New Deal ▲Leap to High-tech Industry ▲Carbon Neutral Energy Innovation ▲Global Solidarity and Cooperation.
■ Over $1 trillion in trade through export plus conversion
The Ministry of Industry is planning to support the export-plus conversion by supplying customized trade financing of 167 trillion won, including 60 trillion won to SMEs and mid-sized companies.
In addition, it plans to expand loan guarantees to the material parts and equipment industry and discount insurance premiums in the new and renewable sector, while launching customized trade financing products for each industry that favor eco-friendly ships in the shipbuilding industry.
After the launch of direct insurance at the end of last year, this year, the company expanded its online subscription products, including direct guarantees, etc., and in the second half of the year, it is linked to the export declaration system of the Customs Service, so that if a company wishes, it is not necessary to report exports and insurance. I plan to sign up.
The entire export process, which leads to exhibitions, sales channels, and contracts, is also digitalized.
The exhibition will expand the online exhibition hall and the Global Partnering (GP) hall in consideration of the Corona 19 situation.
In addition, in the first half of the year, KOTRA’s Buy Korea, the Small and Medium Venture Business Corporation’s Gobiz Korea, and the Trade Association’s Trade Korea are integrated product and buyer information so that companies can search and apply for support at once. I plan to do it.
The trade procedure, which has been electronically based on trade documents, is also planned to be electronically traded in all processes including customs clearance, finance, contracts, logistics, and production management.
Expand the base of exports by nurturing 10,000 new export companies such as traders and root companies. During the second half of the year, we will establish’Trade Investment 24′, which can support all export processes online, and support the’Export First Steps Package’ for 500 small business owners.
As for the items, it plans to revitalize the export of consumer goods and services by utilizing Korea’s soft power such as K-quarantine, services, and New Deal. It doubles the local distribution network that sells K-beauty and food, and focuses on marketing support in promising fields such as webtoon and K-quarantine. In order to preoccupy the New Deal market, K-New Deal will promote the strategy of globalization and support large-scale infrastructure project orders through intergovernmental (G2G) export contracts.
■ Leading the Korean version of the New Deal with a large-scale renewable project
In the field of Green New Deal, construction of large-scale projects such as Saemangeum solar power and Shinan offshore wind power will be initiated within this year to attract private investment, and RE100 will be implemented in earnest to induce companies to expand investment in renewable energy.
In particular, construction of land and water solar power generation complexes in Saemangeum and Goheung Haechang Bay, and early construction of large-scale offshore wind power complexes in Jeonbuk, Jeonnam, and Jeju, etc. will be promoted. During the first quarter, it is planning to support one-stop regulatory response by proposing the’Special Act for Promotion of Wind Power Distribution,’ which contains the installation of a wind power license integration mechanism that handles batch processing from location discovery to licensing.
In addition, it plans to invest 66.6 billion won this year to build 10 hydrogen production bases nationwide.
It will increase the number of electric fast chargers to 12,000 units (cumulative) this year and expand hydrogen charging stations. The ratio of electric vehicle chargers to be installed in apartments with over 100 households and large marts will be increased. New construction is planned to increase from 0.5% to 5% and existing public buildings to 2%. Private buildings will be applied from 2023.
Hydrogen charging stations will be expanded to the center of the metropolitan area, where charging stations are insufficient compared to vehicles, and commercial vehicle charging stations will be guided by establishing a special purpose corporation (SPC) in the first half of the year.
Smart meters will be distributed to 1.4 million apartments and 2.3 million houses.
For the digital transformation of the industry, it creates an opportunity to create a new data-based business by establishing a data platform for each of the 10 fields of future cars, home appliances, and shipbuilding.
In order to revitalize the regional economy, a 2.0% regional vitality project is also promoted to foster new industries in each of the five regions.
Support the innovation of local industries by spreading win-win jobs and creating three or more new smart green industrial complexes.
■ Leap to four major manufacturing powers with eco-friendly and digital innovation
The Ministry of Industry is planning to increase the speed of innovation in the flagship manufacturing industry by promoting’Manufacturing Renaissance 2.0′, which focuses on carbon neutrality and digital innovation.
Considering that the active participation of the industry is necessary to realize carbon neutrality, the plan is to promote de-carbon innovation while communicating with the industry by forming and operating a joint public-private carbon neutral promotion committee for various industries, including steel, petrochemical, and energy. .
The shipbuilding industry supports the independence of key items such as LNG cargo holds so that it can dominate the high-value eco-friendly market, while investing KRW 1 trillion in technology development for carbon-free autonomous ships.
Among the manufacturing industries, the steel industry, which emits the most carbon, is preparing for the era of carbon neutrality by promoting the development of de-carbon technologies such as carbon capture, artificial intelligence (AI) electric furnaces, and hydrogen reduction steelmaking.
The home appliance industry, which has suffered from the overseas transfer of production bases, has established an urban manufacturing support center to support the production activities of domestic companies. It is planning to support the development of new products through data standardization among companies by operating a big data platform for home appliances in which more than 70 home appliances participate. In order to secure connectivity between products, which is the key to realizing a smart home, it plans to expand platform linkage by supporting 14.6 billion won by 2023.
Machine tools with high dependence on Japan promote self-sufficient technology development centering on the numerical control device (CNC) field.
It will also promote new industries including the Big 3, such as future cars, bios, and system semiconductors.
Mirae Car plans to significantly expand charging stations centering on living bases, while public institutions actively purchase hydrogen cars and hydrogen mobility to rapidly expand the market and support rapid business reorganization of parts companies.
Bio is planning to cultivate white bio in earnest in preparation for the era of carbon neutrality while expanding production capacity and promoting localization of materials, parts, and equipment in order to make use of the recent growth momentum.
The system semiconductor field strengthens competitiveness at the ecosystem level.
In the first half of the year, it provides design assets (IP) for fabless targeting global companies at a special price, while in the second half of the year, it provides support by establishing essential infrastructure cost support packages such as software (SW) and IP.
Construction of the Yongin cluster, the largest semiconductor cluster in Korea, will be started within this year, and the construction of the K-semiconductor belt will also be in full swing.
The rechargeable battery plans to launch an electric vehicle battery rental pilot project to lower the purchase price of electric vehicles in the near future, and promote the robot era by promoting regional demonstration projects for robots.
The materials, parts, and equipment industries, which are the backbone of the manufacturing industry, support not only stable supply but also global advancement.
By expanding the targets for item management of the general manager around the world, more than 338 items are intensively managed, and technology independence is accelerated by investing in R&D of 1.7 trillion won, an increase of more than 30% from last year.
In addition, the small manager-specialized complexes are designated and operated in 5 regions, and 100 best small-manager companies will be discovered and supported by 2024.
It also expands the foundation for industrial innovation.
In response to the industrial restructuring accelerated by Corona 19 by discovering more than 100 cases each of this year’s business reorganization and regulatory special cases, in the field of future vehicles, semiconductors, and secondary batteries, joint technology development and joint business promotion among industries within the industry will be expanded. It supports the strengthening of competitiveness at the level of the marine industry ecosystem.
■ Leading carbon neutrality in the energy industry
The Ministry of Industry, starting this year, will fully promote the participatory renewable energy business with the people, regions and companies. The RE100, which actively expands the coexistence-type offshore wind power business with residents’ participation and benefit from national shareholders’ renewable energy business and fisheries industry, and supports companies’ investment in new and renewable energy, will also be implemented in the first half of the year.
The hydrogen economy field, which has global competitiveness in various fields such as hydrogen vehicle fuel cells, accelerates the establishment of a hydrogen industry ecosystem. It plans to innovate the supply and distribution of hydrogen, such as building 10 new hydrogen production bases, developing green hydrogen, and leasing tube trailers at low cost, focusing on technology development in five key areas such as charging stations and fuel cells. .
Hydrogen safety management is also planned to be managed from the perspective of the public, such as establishing the Hydrogen Safety Technology Institute and preparing new safety technologies.
Energy conversion is also continuously promoted. In order to foster alternative projects and support local economies, it plans to improve related systems such as the Energy Conversion Act and prepare legislation.
■ Pioneering emerging markets and leading new regulatory norms
Taking into account the rapidly changing trade order such as the reorganization of the global supply chain, it plans to establish and implement a trade strategy while comprehensively considering politics, economy, and security. With the conclusion of the Regional Comprehensive Economic Partnership Agreement (RCEP), we will expand the development of new markets such as the New Southern and New Northern regions, and consider participation in the Mega Free Trade Agreement (FTA) such as the Comprehensive and Progressive Circle Pacific Economic Partnership Agreement (CPTPP).
In the second half of the year, the local supply chain of domestic companies will be strengthened by utilizing industrial innovation organizations created in Indonesia.
Russia, the base of the New Northern Policy, is promoting the’Nine Bridge 2.0 Cooperation Project’, which expands the horizon of cooperation through hydrogen economy.
By actively participating in the process of preparing new trade norms and standards, such as digital eco-friendliness, we support our standards to become global standards and enable our companies to have international competitiveness.
It plans to conclude a bilateral digital trade agreement through solidarity between middle-sized countries, and actively engage in e-commerce negotiations with the World Trade Organization (WTO).
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In addition, it plans to actively respond to international climate change measures such as the carbon border tax, and strengthen cooperation to establish a green supply chain for new industries such as lithium and rare earths.
An official from the Ministry of Industry said, “We will achieve rapid economic recovery and industrial innovation led by the real economy and manufacturing industry by smoothly pursuing the five policy tasks.”