Ministry of Trade, Industry and Energy
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Auto sales show signs of recovery in January
The Ministry of Trade, Industry and Energy announced on February 16 that domestic car sales and automobile part exports inched up in January while production and exports of vehicles declined due to fewer working days in the month, Domestic car sales showed signs of recovery, advancing 0.2 percent to 123,575 vehicles in January from a y...
Minister Joo meets the Philippines’ Trade Secretary
Trade, Industry and Energy Minister Joo Hyunghwan (third from left) posed for a photo with the Philippines’ Secretary of Trade and Industry Ramon Lopez (third from right) during the first meeting of the Korea-Philippines Economic Cooperation Joint Committee in Manila, on February 13. Minister Joo and Secretary Lopez discussed the Regional Com...
Korea, Philippines seek stronger energy cooperation
Trade, Industry and Energy Minister Joo Hyunghwan (left) discussed with the Philippines’ Secretary of Energy Alfonso Cusi (second from right) bilateral cooperation in the energy sector during his visit to the Philippines’ Department of Energy in Manila on February 13. The two ministers agreed to create a “Korea-Philippines energy ...
Minister Joo discusses economic cooperation with Singaporean Trade Minister
Trade, Industry and Energy Minister Joo Hyunghwan (left) shook hands with Singapore’s Minister for Trade and Industry Lim Hng Kiang at the “Korea-Singapore trade meeting” held in Singapore on February 10. During his visit to the Ministry of Trade and Industry Singapore, Minister Joo discussed with Minister Lim, who chairs th...
ICT exports surge 16.7% in January
The Ministry of Trade, Industry and Energy announced on February 15 that exports of information and communication technology (ICT) products expanded 16.7 percent, the fastest pace in 44 months, to USD 13.8 billion in January from a year earlier on strong sales of semiconductors and displays. Exports of ICT goods, which account for more than ...
Vice Minister Woo assures foreign investors of economic stability
Trade, Industry and Energy Vice Minister Woo Taehee (left) spoke at the “Roundtable for Foreign Investors” in central Seoul on February 13. This biannual meeting between the government and foreign chambers of commerce and companies was held to inform foreign investors in Korea that the fundamentals of the Korean economy and the di...
Minister Joo attends launch of electric vehicle charging station in heart of Seoul
Trade, Industry and Energy Minister Joo Hyunghwan (left) checked out an electric vehicle charging equipment displayed in Yongsan Station in central Seoul, on February 9, during his visit to the station for the opening ceremony of the flagship downtown electric vehicle (EV) charging facility. The EV recharging station with 21 chargers is locat...
Minister Joo hosts 1st meeting of public-private committee for future of car industry
Trade, Industry and Energy Minister Joo Hyunghwan (center) hosted the first meeting of the public-private Automotive Industry Development Committee on February 7 in Seoul and discussed a range of strategies for the industry, especially for future car technologies. The Ministry launched the committee to examine complex issues facing the Korean...
Ministry launches policy control tower for future of car industry
The Ministry of Trade, Industry and Energy announced on February 7 that Trade, Industry and Energy Minister Joo Hyunghwan hosted the first meeting of the public-private ``Automotive Industry Development Committee'' in Seoul and discussed a range of strategies for the industry that is at a turning point. The Ministry launched the committee to...
Ministry announces measures to improve battery, smartphone safety
The Ministry of Trade, Industry and Energy (MOTIE) has concluded through its own investigation that the battery problem in manufacturing processes may have caused fires in Samsung Electronics’ Galaxy Note 7 smartphone, it said in a press release on Monday. In its efforts to prevent the recurrence of similar accidents and to enhance protecti...