Ministry of Trade, Industry and Energy
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Minister Paik shakes hands with Saudi Arabia’s counterpart
Trade, Industry and Energy Minister Paik Ungyu (right) shook hands with Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khalid A. Al-Falih in Riyadh, Saudi Arabia, on March 12 (Saudi time).During the meeting, Minister Paik and Minister Al-Falih discussed ways to deliver the tangible outcomes of the Korea-Saudi Arabia Vi...
Minister Paik chairs meeting in response to US steel and aluminum tariffs
Trade, Industry and Energy Minister Paik Ungyu (left) chaired a meeting with steel and aluminum industry leaders in response to U.S. President Donald Trump’s signing of proclamations imposing tariffs on steel and aluminum at COEX in Seoul on March 9.The presidential proclamations were issued under Section 232 of the Trade Expansion Act of 196...
Korea’s exports grow 4% to $44.9 billion in February
The Ministry of Trade, Industry and Energy (MOTIE) announced on March 1 that Korea’s exports in February grew 4 percent year-on-year to USD 44.9 billion. This was despite 2.5 fewer working days in February this year compared with the same month in 2017 because of the Seollal holiday.Exports of goods increased for 16 consecutive months for the...
Minister Paik meets with Indian counterpart in New Delhi
Trade, Industry and Energy Minister Paik Ungyu (left) met with Indian Commerce and Industry Minister Suresh Prabhu during his visit to New Delhi, India, on February 27 (India time).During their meeting, Minister Paik and Minister Prabhu exchanged their views on issues of mutual interest, including the Korea-India Comprehensive Economic Partnership ...
Minister Paik meets Abu Dhabi Executive Affairs Authority Chairman in UAE
Trade, Industry and Energy Minister Paik Ungyu (right) met Abu Dhabi Executive Affairs Authority Chairman Khaldoon Khalifa Al Mubarak during his visit to Abu Dhabi, the United Arab Emirates (U.A.E.), on February 26 (U.A.E. local time).During the meeting, Minister Paik and Chairman Al Mubarak discussed ways to enhance cooperation in industry and ene...
Minister Paik visits Barakah nuclear power plant construction site in UAE
Trade, Industry and Energy Minister Paik Ungyu (center, in yellow vest) visited the construction site of the Barakah Nuclear Energy Plant in the United Arab Emirates (U.A.E.) on February 24 (U.A.E. local time).During the visit, Minister Paik met with Emirates Nuclear Energy Corporation (ENEC) CEO Mohamed Al Hammadi to check the construction progres...
Korea, Russia discuss energy cooperation in Seoul
The Ministry of Trade, Industry and Energy’s Deputy Minister for Energy and Resources Park Won-joo (second from right) and Russia’s Deputy Minister of Energy Anton Inyutsyn (second from left) co-chaired the 15th Meeting of the Korea-Russia Joint Committee for Energy and Natural Resources Cooperation at a hotel in downtown Seoul on Febru...
Trade Minister signs Korea-Central America FTA in Seoul
Trade Minister Kim Hyun-chong (third from left) posed for a photo with ministers from five Central American countries at the signing ceremony of the Korea-Central America Free Trade Agreements (FTA) in downtown Seoul on February 21.During the ceremony, Trade Minister Kim signed free trade agreements with representatives from five Central American c...
ICT exports rise 28.1% to $17.7 billion in January
The Ministry of Trade, Industry and Energy announced on February 13 that exports of information and communication technology (ICT) goods rose 28.1 percent year-on-year to USD 17.7 billion in January.Exports of ICT goods saw double-digit growth for the 14th consecutive month since December 2016, while reaching a record-high for each respective month...
Automobile exports post double-digit growth in January
The Ministry of Trade, Industry and Energy announced on February 13 that automobile exports surged 10.4 percent to 196,835 vehicles from a year earlier in January.In terms of value, car exports grew 9 percent year-on-year to USD 3.2 billion, thanks to increased shipments to most regions, except North America and other Asian countries. This growth w...