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Minister Joo Hyunghwan

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Minister Joo Hyunghwan


Thank you very much for visiting our ministry's English website! The Ministry of Trade, Industry and Energy (MOTIE), as the leading ministry in charge of the Republic of Korea’s real economy, is striving to develop sustainable future growth engines and create new jobs through the development of industries at home and the promotion of exports overseas. Our economy is confronted with daunting tasks on all fronts, such as coping with a slowdown in global economic
growth and trade and intensifying competition with emerging countries. Exports, the main driver of our economic
growth, are slowing, while our major industries are facing new challenges.
Recognizing the mission to seek changes and reforms for our industries, all our officials at the MOTIE, including my
self, are doing our best to communicate with people and companies in the field in order to move forward toward a new future through convergence and innovation in exports, trade, industries, energy and every corner of our economy.
Most of all, our ministry will put the top priority on creating new value and future growth engines for our industries, while overcoming export difficulties by helping pioneer new and promising markets overseas. It will also focus on establishing a good environment to do business and create jobs through regulatory reform as well as a stable and safe energy supply and demand system for the our people. Our industries are at a crucial inflection point between growth and stagnation, and how we deal with the current
situation will decide the fate of our economy on the world stage over the next 30 years.
I would like to thank you again and ask for your continued support and warm advice for us as we take a new great
step toward the future development of the Korean economy.
Joo Hyunghwan Minister of Trade, Industry and Energy


  • 1991Ph. D. in Business Administration, University of Illinois, U.S.
  • 1986Master of Business Administration (MBA), University of Illinois, U.S.
  • 1984B.A. in Business Administration, Seoul National University, Republic of Korea

Work Experience

  • Jan2016Present Minister of Trade, Industry and Energy (MOTIE)
  • Jul2014Jan2016 Vice Minister, Ministry of Strategy and Finance (MOSF)
  • Feb2013Jul2014 Secretary to the President for Economic and Financial Affairs
  • Jan2012Feb2013 Deputy Minister, MOSF
  • Aug2011Jan2012 Secretary General, Presidential Committee on Green Growth
  • Apr2011Aug2011 Secretary General, Presidential Council on National Competitiveness
  • Sep2009Apr2011 Director General, International Economic Affairs Bureau, MOSF
  • Feb2009Sep2009 Deputy Director General for Growth Infrastructure, MOSF
  • Apr2008Feb2009 Executive Secretary, Presidential Council for Future and Vision
  • Dec2005Apr2008 Senior Advisor for Science, Technology and Innovation, Inter-American Development Bank (IDB)
  • Feb2005Dec2005 Director General, National Human Resources Development Institute
  • Apr2003Feb2005 Deputy Assistant to the President for Economic and Financial Affairs
  • May2001Apr2003 Director, Banking Policy Division, Financial Policy Bureau, Ministry of Finance and Economy (MOFE)
  • Sep2000May2001 Chief of Staff, Office of Minister of Finance and Economy, MOFE
  • Nov1999Sep2000 Director, Coordination Division, Economic Policy Bureau, MOFE
  • Jun1997Nov1999 Advisor, Executive Director’s Office, World Bank
  • Dec1995Jun1997 Chief, Personnel Division, MOFE
  • Dec1994Dec1995 Senior Advisor, Office of Minister of Finance and Economy, MOFE
  • Apr1994Dec1994 Deputy Director, Basic Commodity Division, Welfare & Price Policy Bureau, Economic Planning Board (EPB)
  • Feb1994Apr1994 Deputy Director, Budget Policy Division, Budget Office, EPB
  • Jun1991Feb1994 Deputy Director, Trade Coordination Division, International Economic Coordination Office, EPB
  • Apr1984Jun1991 Deputy Director, International Economic Cooperation Division, Fair Trade Policy Division and other Divisions, EPB