Ministry of Trade, Industry and Energy
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ICT exports hit new April high of $17.2 billion
The Ministry of Trade, Industry and Energy announced on May 16 that Korea’s exports of information and communications technology (ICT) in April were worth USD 17.2 billion, hitting the highest ever seen for an April. Also, exports of tech goods in April 2018 grew 10.9 percent year-on-year, continuing double-digit growth for 17 consecut...
Minister Paik pushes for Korea-Singapore ties in industry, energy, and trade
Minister of Trade, Industry and Energy Paik Ungyu (right) sought stronger Korea-Singapore ties in terms of industry, energy, and trade, and called for more joint action in those areas, during talks with Singaporean Minister for Trade and Industry Chan Chun Sing, in Singapore on May 15. During his two-day visit to Singapore, Minister Paik ag...
Minister Paik hosts first public-private meeting for industrial innovation and growth
Minister of Trade, Industry and Energy Paik Ungyu (left) hosted the first Industry Innovation 2020 Platform meeting to discuss strategies for industrial innovation and growth with business leaders and academics in Seoul on May 11. Through the Industry Innovation 2020 Platform launched by the Ministry, the public and private sectors will draw...
Ministry signs MOU with GM to advance Korean auto industry
Trade, Industry and Energy Minister Paik Ungyu (center) signed a memorandum of understanding (MOU) with General Motors International President Barry Engle (right) to advance the Korean automobile industry in Seoul on May 10. Under the MOU, GM will establish its Asia-Pacific headquarters in Korea, develop GM Korea to serve as a hub for produc...
Ministry launches task force to study effect of re-imposed US sanctions on Iran
Vice Minister of Trade, Industry and Energy Lee In-ho (right) led the inaugural meeting of the Ministry’s task force, launched to deal with renewed U.S. sanctions on Iran, in Seoul on May 9. Other attendees included refineries and oil industry groups. The Ministry launched the task force following the U.S. decision to withdraw from th...
Minister Paik discusses Korea-Japan industrial and trade ties
Minister of Trade, Industry and Energy Paik Ungyu (left) met with Japanese Minister of Economy, Trade and Industry Hiroshige Seko to enhance their bilateral cooperation in the industrial, energy, and trade sectors in Tokyo on May 8. In his opening remarks during the ministerial meeting, Minister Paik said that the two countries should seek ...
Minister Paik talks with Saudi counterpart to improve energy and industrial ties
Trade, Industry and Energy Minister Paik Ungyu (right) talked with Saudi Arabia’s Energy, Industry, and Mineral Resources Minister Khalid A. Al-Falih to bolster energy and industrial ties in Seoul on May 4.The two ministers reviewed the progress of the Korea-Saudi Arabia Vision 2030, agreed to coordinate its second committee meeting, and disc...
Minister Paik discusses energy cooperation with Japanese tech leader
Trade, Industry and Energy Minister Paik Ungyu (third from left) discussed with SoftBank Group CEO Masayoshi Son (second from right) to seek energy cooperation during his visit to Tokyo, Japan, on May 8.During the meeting, Minister Paik and CEO Son exchanged views on various topics, including cooperation on renewable energies, construction of a Nor...
Trade Minister Kim visits R&D center for self-driving and eco-friendly cars
Trade Minister Kim Hyun-chong (second from right) discussed vehicle development strategies and international cooperation plans with automobile experts at Hyundai Motor Group’s Environmental Technology Center in Yongin on April 26.Trade Minister Kim’s Thursday visit was part of an effort to establish trade policies in the era of digital ...
Minister Paik attends Korea-Turkey business forum
Trade, Industry and Energy Minister Paik Ungyu (fourth from right) met with Turkey’s Economy Minister Nihat Zeybekci (fifth from right) to enhance business ties between the two countries at the Korea-Turkey business forum held in Seoul on May 2.In his congratulatory address at the forum, Minister Paik highlighted that entrepreneurial cooperat...