Ministry of Trade, Industry and Energy
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Seoul, Stockholm vow cooperation in bio-health industry
Trade, Industry and Energy Minister Sung Yun-mo (third from the right) visited AstraZeneca’s pharmaceutical plant in Södertälje on June 15 (local time) to attend a letter of intent (LOI) signing ceremony for cooperation in the bio-health industry on the occasion of President Moon Jae-in’s state visit to Sweden.The LOI was sign...
Korea, Norway to cooperate on shipbuilding, robotics
Trade, Industry and Energy Minister Sung Yun-mo (fourth from the left) attended a memorandum of understanding (MOU) signing ceremony for industrial cooperation between Korea and Norway held in Oslo on June 12 (local time).On the occasion of President Moon Jae-in’s state visit to Norway, a total of four MOUs on shipbuilding and robotics were s...
Korea’s auto output, exports in May see year-on-year increases
The Ministry of Trade, Industry and Energy announced on June 13 that the Korea’s automobile production increased 4.1 percent to 366,152 vehicles in May compared to the same period last year.This growth in output was mostly attributable to higher overseas demand and more working days. The local car manufacturers are Hyundai Motor, Kia Motors, ...
Minister Sung tours Institute for Molecular Medicine Finland
Trade, Industry and Energy Minister Sung Yun-mo (second from the left) and Science and Technology Advisor to the President Lee Kong-joo toured the Institute for Molecular Medicine Finland (FIMM) located in Helsinki on June 11 (local time) on the occasion of President Moon Jae-in’s state visit to Finland.At the research center, the top officia...
Minister Sung attends opening ceremony of ‘Startup Branch’ in Seoul
Trade, Industry and Energy Minister Sung Yun-mo delivered congratulatory remarks at the opening ceremony of the “Startup Branch” held at COEX in Seoul on June 4.Cooperating with overseas branches located in cities such as Seattle, New York, and Dubai, the Startup Branch is expected to serve as a local hub that supports startups for thei...
Korea holds nationwide seminars on manufacturing robots
Trade, Industry and Energy Vice Minister Cheong Seung-il (right) made opening remarks at a presentation seminar held to promote the use of robots in the manufacturing industry in Siheung, southwest of Seoul, on May 30.At the seminar, potential robot users were introduced to the process and effectiveness of robot implementation from companies with t...
Korea, Germany hold seminar for cooperation in semiconductor technology
Trade, Industry and Energy Minister Sung Yun-mo delivered a speech at the Korea-Germany seminar on semiconductor technology held in Seoul on May 28.At the seminar, executives from Germany’s Infineon Technologies gave presentations on semiconductor technologies used in various areas such as security, autonomous vehicles, and energy efficiency....
Online retail sales jump 14.1 percent in April
The Ministry of Trade, Industry and Energy announced on May 30 that sales of Korea’s online retail industry improved 14.1 percent in April compared to the same period last year. Offline retailers, on the other hand, saw a 2.9 percent decrease in sales, resulting in a 3.5 percent growth in overall retail sales.The Ministry releases monthly ret...
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...