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Minister Joo visits 4th International Electric Vehicle Expo
Trade, Industry and Energy Minister Joo Hyunghwan (right) checked out an electric three-wheeler at the fourth International Electric Vehicle Expo (IEVE) held in Yeomiji Botanic Garden in Jeju Island, on March 17. Minister Joo delivered a congratulatory speech at the opening ceremony of the IEVE and visited the exhibition center. Launche...
Auto production, sales improve in February
The Ministry of Trade, Industry and Energy announced on March 15 that production, domestic sales and exports of automobiles all improved in February from a year earlier, signaling a recovery in the auto sector. Five domestic carmakers – Hyundai Motor, Kia Motors, GM Korea, SsangYong Motor and Renault Samsung Motors – produced a t...
Korea’s retail sales advance 8.3% in January on strong in-store sales
The Ministry of Trade, Industry and Energy announced on February 28 that retail sales expanded 8.3 percent in January from a year ago on strong in-store sales. In-store sales, which account for around 70 percent of the total monthly revenues of major Korean retailers, advanced 9.3 percent in January from a year earlier while online sales gre...
MOTIE officials visit 2017 Mobile World Congress
Trade, Industry and Energy Deputy Minister for Industrial Creativity and Innovation Toh Kyung-hwan (center) visited the Korea booth set up by the Korea Trade-Investment Promotion Agency at the 2017 Mobile World Congress at the Fira Gran Via in Barcelona, Spain, on February 27. Deputy Minister Toh visited the booths of Korean companies includi...
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 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...
Vice Minister Jeong hosts discussion on development of eco-friendly, smart ships
Trade, Industry and Energy Vice Minister Jeong Marn-ki (left) hosted a meeting with representatives from the shipbuilding industry on February 1 in Seoul to discuss the direction of policy toward the development of eco-friendly and smart vessels. During the meeting, Vice Minister Jeong, industry representatives and experts from research institutes ...
Korea’s auto production and sales decline in 2016
The Ministry of Trade, Industry and Energy announced on January 11 that Korea’s auto production, domestic sales and exports all appear to have slowed in 2016 despite some numbers having bounced back towards the year-end. Data revealed that although car production and exports in December rose 5.9 percent to 434,877 units and 6.3 percent to 300...