Minister Joo Hyunghwan
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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.
Minister of Trade, Industry and Energy