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 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...
Korea to unify charging method of electric cars
The Ministry of Trade, Industry and Energy announced on December 29 that it plans to standardize the charging mechanism for electric vehicles in Korea. The Korean Agency for Technology and Standards (KATS) recognizes the need to integrate the charging methods of electric cars -- especially given the country’s growing market for EVs -- and bel...
Minister Joo reports 2017 policy direction to Acting President Hwang Kyo-ahn
Trade, Industry and Energy Minister Joo Hyunghwan (second from left, second row) reported his ministry’s policy direction for 2017 to Hwang Kyo-ahn (front row), Acting President of Korea, at the Government Complex in Seoul on January 5. Minister Joo pledged to put his policy focus on recovering the export growth and consolidating ...
Data for Korean car industry shows decline in Oct
The Ministry of Trade, Industry and Energy released on Oct 10 that the data for the Korean automobile industry showed the downward trend last month. The domestic production has declined by 14.2 percent, domestic sales has declined by 10.0 percent and exports has declined by 13.1 percent, compared to the same period last year. &nbs...
Minister Joo holds public-private talk on new industry promotion
Trade, Industry and Energy Minister Joo Hyunghwan (center) hosted the third meeting between government and private sector leaders from consulting, macro and cultural society, experts on new industries, and representatives from big, medium and small businesses to discuss how to promote and support new businesses in an era of the fo...