Ministry of Trade, Industry and Energy
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Korean auto industry sees improvement in exports, production in April
The Ministry of Trade, Industry and Energy announced on May 16 that the Korean auto industry exported 223,235 vehicles in April, up 3 percent from a year earlier.The improvement in exports was largely due to robust sales of sport utility vehicles (SUVs) and eco-friendly vehicles in North America and Europe. In terms of value, exports grew 5.8 perce...
Vice Minister Cheong discusses industrial ties with his UK counterparts in London
Trade, Industry and Energy Vice Minister Cheong Seung-il (second from the left) had a series of meetings with the UK’s Parliamentary Under Secretary of State Andrew Stephenson and Permanent Secretary Alex Chisholm at the Department for Business, Energy and Industrial Strategy in London on May 15 (local time).The two sides shared each other&rs...
Korea strives to spur innovation in bio-health industry
Trade, Industry and Energy Minister Sung Yun-mo (center in the front row) – together with Science and ICT Minister You Young-min, Health and Welfare Minister Park Neung-hoo, Food and Drug Safety Minister Lee Eui-kyung, and Economy and Finance Deputy Minister Bang Ki-sun – joined a public-private discussion for innovation in the bio-heal...
Industry Ministry hosts ‘Korea Eureka Day 2019’ in UK
Trade, Industry and Energy Vice Minister Cheong Seung-il (third from the left) delivered welcoming remarks at the opening ceremony of “Korea Eureka Day 2019” held in Manchester, UK, on May 14 (local time).During his speech, Vice Minister Cheong said in times of accelerating technological innovation and shifting global value chains, the ...
Vice Minister Cheong attends EUREKA Global Innovation Summit 2019 in UK
Trade, Industry and Energy Vice Minister Cheong Seung-il (second from the left) received an appreciation plaque from UK Minister of State Chris Skidmore (left) for Korea’s 10-year participation in the EUREKA network at an event held in Manchester, UK, on May 14 (local time).Upon receiving the plaque at the EUREKA Global Innovation Summit, Vic...
Minister Sung meets with Uzbek Public Health Minister in Seoul
Trade, Industry and Energy Minister Sung Yun-mo (left) had a meeting with Uzbekistan’s Public Health Minister Shadmanov Alisher Kayumovich in the Government Complex Seoul on May 14.The two Ministers discussed bilateral cooperation in bio-health and digital healthcare as well as subsequent efforts following the presidential summit that took pl...
Minister Sung delivers speech on the 16th National Automobile Day in Seoul
Trade, Industry and Energy Minister Sung Yun-mo delivered his remarks at an event held for the 16th National Automobile Day in Seoul on May 10.During his speech, Minister Sung said that global competition in the automobile industry is intensifying as the paradigm is shifting from traditional cars that use internal combustion engines to future cars ...
Minister Sung visits Smart Manufacturing Innovation Center in Ansan
Trade, Industry and Energy Minister Sung Yun-mo (center) checked the status of technologies being tested and certified for smart manufacturing at the Smart Manufacturing Innovation Center (SMIC) located in Ansan on May 9.The test bed tests and certifies various advanced technologies for smart production lines before their full implementation. Examp...
Fashion industry meets ICT technology in Seoul
Trade, Industry and Energy Minister Sung Yun-mo (right) and Seoul City Mayor Park Won-soon (center) attended the opening ceremony of a new state-of-the-art clothing shop in Dongdaemun District, Seoul, on April 25.The clothing store is capable of designing and producing customized clothes within 24 hours. This was possible because of the Dongdaemun ...
Sales of Korean retail industry grow 7.6 percent in March
The Ministry of Trade, Industry and Energy announced on April 28 that Korea’s online and offline retailers saw a year-on-year sales increase of 7.6 percent in March. Brick-and-mortar stores experienced a sales growth of 1.3 percent, and sales at online retailers grew by 18.2 percent.The Ministry releases monthly retail sales figures based on ...