Ministry of Trade, Industry and Energy
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Trade Minister discusses cooperation with MIGA CEO
Trade Minister Kim Hyun-chong (left) held a meeting with Multilateral Investment Guarantee Agency (MIGA) CEO Keiko Honda at the COEX in southern Seoul on October 19. During the meeting joined by Korea Trade Insurance Corporation Chairman Moon Jae-do, the Trade Minister and the MIGA CEO discussed ways to cooperate for Korean companies’ partici...
Ministry hosts luncheon with ambassadors of Southeast Asian nations
Deputy Minister for Trade Negotiations Lee Sang-jin (third from left) of the Ministry of Trade, Industry and Energy spoke in a luncheon with ambassadors of Southeast Asian countries to Korea in downtown Seoul on October 19. The luncheon was arranged for discussion on the Regional Comprehensive Economic Partnership (RCEP), the mega FTA under n...
Auto production, sales grow at double-digit rates in September
The Ministry of Trade, Industry and Energy announced on October 18 that automobile production, domestic sales, and exports grew at double-digit rates in September. Five domestic automotive makers, Hyundai Motor, Kia Motors, GM Korea, Ssangyong Motor, and Renault Samsung Motor, produced a total of 356,749 vehicles – up 38.3 percent from...
Minister Paik meets with IEA Executive Director
Trade, Industry and Energy Minister Paik (right) posed for a photo with International Energy Agency (IEA) Executive Director Fatih Birol during their meeting at the Korea Technology Center in Seoul on October 17. At the meeting, Minister Paik and Executive Director Birol exchanged their views on the global energy markets and changing market e...
ICT exports soar 32.6% to record high of $19.3 billion in September
The Ministry of Trade, Industry and Energy announced on October 16 that exports of information and communication technology goods soared 32.6 percent to an all-time high of $19.3 billion in September from a year ago, breaking the previous record set just a month earlier. Korea’s ICT exports grew at the fastest pace in 89 months s...
2nd special session of KORUS FTA Joint Committee held in Washington DC
The Ministry of Trade, Industry and Energy announced that the Ministry and the United States Trade Representative (USTR) convened the second session of the Korea-U.S. Free Trade Agreement (KORUS FTA) Joint Committee on October 4 in Washington, D.C. to continue discussions on the bilateral trade deal. Trade Minister Kim Hyun-chong and U...
FDI in Korea grows 9.1% to $8 billion in first 9 months of 2017
The Ministry of Trade, Industry and Energy announced on October 11 that foreign direct investment (FDI) arriving in Korea returned to growth in the first nine months of 2017, rising by 9.1 percent to $8 billion from a year ago. Although new FDI commitments to Korea contracted 9.7 percent year-on-year to $13.6 billion, the amounts of both FDI...
Ministry to support nuclear reactor exports
The Ministry of Trade, Industry and Energy announced on October 10 that the Ministry will strongly support the domestic industries’ bid to export nuclear reactors. On October 10, Trade, Industry and Energy Minister Paik Ungyu presided a “nuclear export strategy consultative meeting” with industry representatives in d...
Minister Paik discusses exports of nuclear reactors with industries
Trade, Industry and Energy Minister Paik Ungyu (second from right) spoke at the “nuclear reactor export strategy consultative meeting” in downtown Seoul on October 10. Minister Paik presided the meeting with nuclear industry representatives and discussed the market environment for nuclear reactor exports, strategies for potential ...
2nd special session of KORUS FTA Joint Committee takes place in Washington DC
Trade Minister Kim Hyun-chong (third from right) and United States Trade Representative Robert Lighthizer (third from left) co-chaired the second special session of the Korea-U.S. Free Trade Agreement (KORUS FTA) Joint Committee on October 4 in Washington, D.C. The Korean and U.S. governments held the second special session of the KORUS FTA J...