South Korea’s Ministry of Trade, Industry and Energy (MOTIE) just had a busy month.

On Sept. 8, the ministry recognized the Asan Tangjeong Foreign Investment Zone on Sept. 8 as an “advanced technology investment zone.” This designation places it among nine special economic zones in South Korea. Notably, within this zone, Hyundai Motors has a manufacturing complex focused on transitioning from internal combustion vehicles to electric ones.

Then, the ministry launchedthe second “Korea-US Advanced Industry and Technology Cooperation Forum” on Sept. 21. During this forum, it outlined the objectives of advanced technology cooperation, which includes strengthening the industry supply