Ministry of Trade, Industry and Energy
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Korean ICT industry’s exports reach $12.7 billion in February
The Ministry of Trade, Industry and Energy announced on March 21 that Korea’s information and communications technology (ICT) industry in February reached USD 12.7 billion in exports and $7.3 billion in imports. The trade balance stood at a surplus of $5.4 billion.Exports of Korean ICT goods last month saw a year-on-year decrease of 19.0 perc...
Trade Minister Yoo meets with Slovak Economy Minister Peter Ziga
Trade Minister Yoo Myung-hee (second from the left) had a meeting with Slovakia’s Minister of Economy Peter Ziga (second from the right) in Seoul on March 8.The two ministers discussed a range of issues, including expansion of trade and investment between the two countries.
New Trade Minister takes office
The Ministry of Trade, Industry and Energy’s new Trade Minister Yoo Myung-hee delivered an inaugural speech at her inauguration ceremony held in the Government Complex Sejong on March 5.The ceremony was attended by all members of the Ministry and officials at the director-level or above from the Korean Agency for Technology and Standards (KAT...
Trade Minister Kim gives speech to government officials at his farewell ceremony in Sejong
Trade Minister Kim Hyun-chong delivered a speech to government officials at his farewell ceremony at the Sejong Government Complex on March 4.Among the attendees at the event were all Ministry officials and senior staff from the Korean Agency for Technology and Standards (KATS).Trade Minister Kim was appointed second vice chief of the National Secu...
Korea’s exports decrease 11.1 percent to $39.6 billion in February
The Ministry of Trade, Industry and Energy announced on March 1 that Korea’s exports in February reached USD 39.6 billion, down 11.1 percent from the same period last year.Imports also went down 12.6 percent to $36.5 billion, but the trade balance recorded $3.1 billion, remaining positive for 85 consecutive months.Last month’s exports f...
ICT exports reach $14.5 billion, imports amount to $9.4 billion in January
The Ministry of Trade, Industry and Energy announced on February 21 that Korea’s information and communications technology (ICT) Industry in January totaled USD 14.5 billion in exports and $9.4 billion in imports. The trade surplus stood at $5.1 billion.Outbound shipments of ICT goods last month decreased 18.2 percent compared to the same per...
Trade Minister Kim discusses changing trade conditions with commercial attaches
Trade Minister Kim Hyun-chong (center) discussed changing trade conditions and measures necessary to respond to them with Korean commercial attaches at the Sejong Government Complex on February 13.During the discussion, Trade Minister Kim underscored that protectionism and the Fourth Industrial Revolution are shifting the current global value chain...
Vice Minister Cheong to lead efforts for public-private investment promotion
Trade, Industry and Energy Vice Minister Cheong Seung-il (fourth from the left) attended the inauguration ceremony for the “Public-Private Investment Promotion Group” held at the Korea Chamber of Commerce and Industry (KCCI) in Seoul on February 12.As the head of the group, Vice Minister Cheong emphasized during his opening remarks that...
Trade Minister Kim discusses export promotion strategies for 2019
Trade Minister Kim Hyun-chong (second from the left) discussed export promotion strategies for 2019 with industry groups and government officials at a meeting held at the Korea Trade Insurance Corporation (K-sure) in Seoul on February 11.During the meeting, Trade Minister Kim said that amid growing uncertainties in the global trade scene, the Korea...
Trade Minister Kim extends outreach to US lawmakers
Trade Minister Kim Hyun-chong (right) had meetings with U.S. Representative Kay Granger of Texas (left) and other Congress members, including Sen. Joni Ernst and Reps. Rob Woodall, Andy Kim, and Jackie Walorski, during his trip to Washington, D.C., from January 29 to February 6.During the meetings, Trade Minister Kim underlined that Korea should be...