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Minister Joo attends 47th World Economic Forum Annual Meeting in Davos The Ministry of Trade, Industry and Energy announced on January 20 that Trade, Industry and Energy Minister Joo Hyunghwan attended the 47th Annual Meeting of the World Economic Forum in Davos, Switzerland, from January 17 to 19. At this year’s Davos forum, with the theme of “Responsive and Responsible Leadership,” Minister Jo... 2017-01-20
Vice Minister Woo hosts 4th meeting of task force for Korea-China trade issues The Ministry of Trade, Industry and Energy announced on January 17 that it hosted the fourth meeting of the pan-government task force on Korea-China trade issues to review the latest concerns raised by domestic industries.   Trade, Industry and Energy Vice Minister Woo Taehee presided the meeting, which was joined by officials from other ... 2017-01-17
Industrial materials, components exports return to growth in 4Q The Ministry of Trade, Industry and Energy announced on January 16 that exports of industrial materials and components returned to growth in the fourth quarter last year after seven quarters of contraction.  Exports of materials and components rose by 2 percent to USD 66.3 billion from the same quarter of 2015, on the back of the recovery... 2017-01-16
Korea, China hold 1st FTA Joint Committee meeting in Beijing The Ministry of Trade, Industry and Energy announced on January 13 that the Korea-China Free Trade Agreement (FTA) Joint Committee held the first meeting in Beijing, China to review the implementation of the bilateral trade pact, one year after it entered into force in December 2015.  The high-level Joint Committee, established under the ... 2017-01-13
Korea, U.S. host 4th KORUS FTA Joint Committee meeting in Seoul The Ministry of Trade, Industry and Energy announced on January 12 that the fourth meeting of the Korea-U.S. Free Trade Agreement (KORUS FTA) Joint Committee was held in Seoul to review the implementation of the bilateral trade pact.  The fourth meeting of the high-level Joint Committee, established under the KORUS FTA, was attended by De... 2017-01-13
Korea, China, Japan agree to accelerate FTA talks The Ministry of Trade, Industry and Energy announced on January 12 that top trade officials from Korea, China and Japan agreed at a meeting held in Beijing last Monday to Wednesday to accelerate the free trade negotiations for the 11th round of Korea, China, Japan FTA talks. The meeting, as the first trilateral high-level negotiation held sinc... 2017-01-12
Korea’s auto production and sales decline in 2016 The Ministry of Trade, Industry and Energy announced on January 11 that Korea’s auto production, domestic sales and exports all appear to have slowed in 2016 despite some numbers having bounced back towards the year-end.Data revealed that although car production and exports in December rose 5.9 percent to 434,877 units and 6.3 percent to 300,... 2017-01-11
FDI in Korea hits fresh record high in 2016 The Ministry of Trade, Industry and Energy announced on Tuesday that the foreign direct investment (FDI) newly pledged in 2016 reached a record high of USD 21.3 billion, showing a 1.9 percent rise from $20.91 billion a year ago. This figure marked the largest amount of FDI pledged in history for a four-quarter-period, surpassing the earlier re... 2017-01-05