Holding a Meeting to Address Export Difficulties in Martial Arts, Automobile, and Secondary Battery Industries

Inspection of Export Status and On-site Regulation Assessment

The Korea International Trade Association (KITA) held the "1st Export Difficulty Resolution Meeting by Major Industries" on the 16th at the Trade Tower in Samseong-dong, Gangnam-gu, Seoul, chaired by KITA Vice Chairman Lee In-ho.

(From the fourth person on the left) Cho Ik-no, Director General of Trade Policy at the Ministry of Trade, Industry and Energy, Lee In-ho, Vice Chairman of the Korea International Trade Association, and Park Tae-sung, Chairman of the Korea Battery Industry Association, are taking a commemorative photo at the meeting on the 16th. / Photo by Korea International Trade Association

This meeting was organized to review the export status of the automobile, secondary battery, and steel industries and to identify on-site regulations and difficulties. Twelve officials from related ministries, companies, and associations, including the Ministry of Trade, Industry and Energy, Korea Automobile Mobility Industry Association, Korea Battery Industry Association, and Korea Iron & Steel Association, attended.

In his opening remarks, Vice Chairman Lee said, "While our economy is showing slow domestic demand recovery, we expect the economic recovery trend to continue centered on the recently strong export performance," and emphasized, "The public and private sectors must join forces to firmly establish an upward export trend."

Park Jung-ho, Executive Director of Renault Korea, stated at the meeting, "Due to the prolonged Red Sea situation, logistics costs have increased and dedicated automobile shipping space remains insufficient, so as a last resort, vehicles are being loaded into containers for export." He also called for support policies to secure price competitiveness in automobile exports.

Lee Ji-han, Director of the Automobile Mobility Industry Association, said, "Last year, tax credits in future car sectors such as electric vehicles were expanded (up to 25%), improving domestic investment conditions, but they are scheduled to end this year," and argued, "Since long-term investment is needed in the future car sector, domestic investment could shrink, so an extension of the period is necessary."

KITA plans to continuously hold such meetings by major industries to reduce trade field regulations and difficulties. The suggestions raised at the meetings will be conveyed to the government, and active communication with related ministries will continue to support achieving the highest-ever export record this year.