Ministry of Trade, Industry and Energy
Ministry of Trade, Industry and Energy
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Kori Unit 1, Korea’s first nuclear reactor, retires after 40 years of operation
The Ministry of Trade, Industry and Energy announced on June 19 that Kori Unit 1, Korea’s first nuclear reactor, ceased operations on the midnight of June 18 after 40 years of operations. The Ministry and Korea Hydro and Nuclear Power (KHNP) hosted a ceremony on June 19 at the Kori Nuclear Power Plant in Gijang-gun, Busan to declare th...
Kori Unit 1, Korea’s first nuclear reactor, ceases operations
President Moon Jae-in (center) delivered a speech at the ceremony to announce the retirement of Kori Unit 1, Korea’s first nuclear reactor, in front of the Kori Nuclear Power Plant, Gijang-gun, Busan, on June 19. President Moon said the end of Kori Unit 1’s operation is the first step on Korea’s path to reduced d...
ICT exports jump 17.4 percent to new record for May
The Ministry of Trade, Industry and Energy announced on June 14 that exports of information and communication technology (ICT) goods surged 17.4 percent year-on-year to USD 15.4 billion in May, a new record for the month. Exports in the ICT sector, which broke the previous record of $15.3 billion, set in May 2013, advanced for seven consecutive mon...
Strong sales of eco-friendly cars boost auto exports in May
The Ministry of Trade, Industry and Energy announced on June 13 that exports of automobiles rose by 3.6 percent to $3.5 billion in May on strong sales of eco-friendly vehicles, marking the fourth consecutive month of growth. The number of vehicles shipped abroad increased 2.1 percent year-on-year to 221,237 in the meantime. The value of auto...
Korea-EU FTA implementation committees meet in Seoul
The Ministry of Trade, Industry and Energy announced on June 11 that representatives from Korea and the European Union will meet in Seoul between June 12 and 14 to review the implementation of the Korea-EU Free Trade Agreement and discuss further economic cooperation. Under the Korea-EU FTA, seven specialized committees, seven working groups...
Korea-EU FTA Committee and Working Group Meeting held in Seoul
Director General for Trade Policy Yeo Han-koo (right) of the Ministry of Trade, Industry and Energy (MOTIE) and Director for Trade Strategy and Analysis Signe Ratso of the European Commission pose for a photo during the Korea-EU Free Trade Agreement Committee and Working Group Meeting in central Seoul on June 13. Various committees and work...
Vice Minister Woo presides ‘trade policy meeting’
Trade, Industry and Energy Vice Minister Woo Taehee (center) presided a “trade policy meeting” in southern Seoul on June 8 to review this year’s direction for the government’s responses to trade issues. The meeting was joined by around 10 trade experts.
Ministry celebrates 10th anniversary of Korea-ASEAN FTA
Trade, Industry and Energy Minister Joo Hyunghwan (third from right in the front row) posed for a photo at the ceremony for the 10th anniversary of the Korea-ASEAN (the Association of Southeast Asian Nations) Free Trade Agreement in southern Seoul on June 1. The Ministry of Trade, Industry and Energy hosted the event to celebrate the achievem...
ASEAN became Korea’s second largest trading partner under FTA
The Ministry of Trade, Industry and Energy announced on May 31 that in a decade since the Korea-Association of Southeast Asian Nations (ASEAN) Free Trade Agreement entered into force in 2007, the region has become Korea’s second largest trading partner with trade in goods and services and investment all expanding. June 1, 2017 ma...
Vice Minister Woo discusses energy cooperation with Canada’s Deputy Minister of Foreign Affairs
Trade, Industry and Energy Vice Minister Woo Taehee (left) shook hands and posed for a photo with Canada’s Deputy Minister of Foreign Affairs Ian Shugart during their meeting in central Seoul on May 31. Vice Minister Woo and Deputy Minister Shugart discussed bilateral cooperation in energy fields and exchanged views on a cooperation agreement...