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cover item thumbnail Government and industry unite to drive growth in the EV battery service sector Government and industry unite to drive growth in the EV battery service sector Electric vehicle (EV) battery services cover the entire lifecycle of a battery, from installation to recycling, generating added value through charging, maintenance, and more. As the global adoption of EVs increases, this emerging industry is gaining attention. Reflecting this potential, on June 18th, South Korea's mi..
cover item thumbnail Electric Scooter Fire Risk Increases in Summer Use of KC Certified Electric ScootersAccording to the National Fire Information System's fire statistics, there have been 467 electric scooter fires in the past five years, with the number increasing each year, necessitating caution. There were 175 incidents in the summer (June to August), the highest among the seasons, followed by 118 in autumn, 99 in spring, and 75 in winter, making summer fir..
cover item thumbnail The selection process for the top 10 leading projects in AI Autonomous Manufacturing has begun The selection process for the top 10 leading projects in AI Autonomous Manufacturing has begun South Korea's Ministry of Trade, Industry, and Energy has begun implementing the AI Autonomous Manufacturing initiative, aiming to enhance key industries by integrating AI-based robotics into manufacturing processes. This effort follows the recent announcement of the "AI Autonomous Manufacturing Strate..
cover item thumbnail MFDS Improves Reporting of Ingredient Lists for Custom Cosmetics Korea MFDS UpdateThe Ministry of Food and Drug Safety (MFDS) has revised the "Regulations on Reporting Production and Import Performance and Ingredient Lists of Cosmetics" to allow for the reporting of ingredient lists by product group for various customized cosmetics. The revision was announced on June 14. Custom cosmetics sellers are required to report the ingredient lists of custom cosmetics ..
cover item thumbnail Proposed Ordinance to Amend Part of the Enforcement Rules of the Electrical Appliances and Household Products Safety Management Act Proposed Ordinance to Amend Part of the Enforcement Rules of the Electrical Appliances and Household Products Safety Management Act Portable ethanol stoves are currently not included in the safety management items regulated under the existing Electrical Appliances and Household Products Safety Management Act, meaning they are distributed without specific safety standards applied. Given the produ..
cover item thumbnail MFDS, Pilot Operation of the Pharmaceutical Approval and Review Coordination Council Korea MFDS UpdateThe Ministry of Food and Drug Safety announced the pilot operation of a new "Pharmaceutical Approval and Review Coordination Committee," which allows applicants to request adjustments when supplementary documentation is required during the pharmaceutical approval and review process. Documents eligible for coordination requests are those related to safety and efficacy review, qua..
cover item thumbnail The 12th Korea-European Union Free Trade Agreement Goods Trade Committee was held The 12th Korea-European Union Free Trade Agreement Goods Trade Committee was held On June 12, the Ministry of Trade, Industry and Energy, and the Ministry of Food and Drug Safety of South Korea held a meeting with the European Union in Brussels to discuss the Free Trade Agreement. The Goods Trade Committee discussed tariff and non-tariff issues, reviewed the Korea-EU Free Trade Agreement's imple..
cover item thumbnail South Korea and Nigeria Sign MOU to Strengthen Cooperation on Medical Products South Korea and Nigeria Sign MOU on Medical ProductsThe Ministry of Food and Drug Safety announced that, on the occasion of the Korea-Africa Summit, the Korea Ministry of Food and Drug Safety and the Nigerian Food and Drug Administration have signed a Memorandum of Understanding (MOU) to strengthen mutual cooperation in the field of medical products on the 7th. This Memorandum of Understanding (..
cover item thumbnail South Korea is set to build its first 8-inch power semiconductor fab South Korea's first 8-inch power semiconductor fab will be constructed in Busan, marking the initial investment following April's announcement of specialized support measures. This new 8-inch fab will increase productivity by approximately 1.8 times compared to the existing 6-inch versions. On June 5th, Kang Kyung-sung, the First Vice Minister of Trade, Industry, and Energy, attended the groundb..
cover item thumbnail Ministry of Environment, Circular Resource Utilization Product Labeling System Circular Resource Utilization Product Labeling SystemThe "Circular Resource Utilization Product Labeling System" is a system that allows products using a certain percentage of quality-certified circular resources to be labeled as circular resource utilization products. Only products that have been confirmed to use 10% or more of quality-certified circular resources, based on the weight of the ra..