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Industry
MKE Releases Car Sales Figures for October
MKE Releases Car Sales Figures for October The Ministry of Knowledge Economy has released its car sales figures for October. The nation’s car production totaled 396,677 vehicles for a 4.3 percent decline from a year earlier. Vehicle exports shrank 6.3 percent year on year to 258,361 units due to the contraction in the European market and weaker demand from emerging economies. Thanks to temporary tax cuts on automobile purchases and special promotional offers by vehicle manufacturers, the date2012-11-16
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Energy
Vice Minister Marks the Beginning of Smart Grid Week
Vice Minister for Trade and Energy Cho Seok attends the opening ceremony of the third Korea Smart Grid Week on October 30 in Seoul. Around 500 experts from industry, academia and think tanks participated in Korea’s largest smart grid event. date2012-11-12
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FTA/Economic Cooperation
Minister Greets Danish Foreign Minister
Minister Greets Danish Foreign Minister Minister of Knowledge Economy Sukwoo HONG met with his Danish counterpart Minister for Foreign Affairs Villy Sovndal on October 25. They exchanged views on various cooperation areas such as green growth, trade and investment and Arctic exploration. date2012-11-08
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Trade/Investment
IT Trade Figures for October
date2012-11-08
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Industry
Minister Celebrates Opening of Design Korea 2012
Minister of Knowledge Economy Sukwoo HONG (center) cuts the ribbon at the opening ceremony of Design Korea 2012 on October 25 in Daegu, in the southern part of Korea. The event drew around 800 participants from industry, academia and research institutes. date2012-11-06
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Industry
Korea, China Focus on Green Growth
Korea, China Focus on Green Growth Minister of Knowledge Economy Sukwoo HONG met with his Danish counterpart Minister for Foreign Affairs Villy Sovndal on October 25. They exchanged views on various cooperation areas such as green growth, trade and investment and Arctic exploration. date2012-11-02
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Trade/Investment
Trade Figures for October
date2012-11-02
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Energy
Minister Greets World Bank Leader
Minister Greets World Bank Leader Minister of Knowledge Economy Sukwoo HONG met with the President of World Bank Jim Yong Kim on October 15 in Seoul. The discussion focused on strengthening cooperation between MKE and the World Bank. date2012-10-25
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FTA/Economic Cooperation
Korea Seeks Closer Industrial Ties With Africa
Korea Seeks Closer Industrial Ties With Africa Minister of Knowledge Economy Sukwoo HONG (center) stands with African leaders on the occasion of the 5th Korea-Africa Industry Cooperation Forum on October 15 in Seoul. More than 300 senior government officials and business leader from the African region participated in the event. date2012-10-23
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Industry
Korea Launches Free Translator App ‘Genie Talk’
The Ministry of Knowledge Economy has launched a smartphone application called ‘Genie Talk,’ which offers instant Korean-English translation services in both verbal and written formats. Designed to work best with travel-related speech or for everyday conversations, Genie Talk can recognize 270,000 Korean words and 65,000 English words. When connected to WiFi, users can simply type or record messages to get a translation. Genie Talk, equipped with translation technology developed by the Electronics and Telecommunications Research Institute (ETRI), is around 80 percent accurate. The Ministry of Knowledge Economy is also working to launch Japanese and Chinese versions as early as 2014 when Incheon is set to host the 14th Asian Games. The ministry also aims to release versions for six more languages including Spanish, French, German and Russian prior to the PyeongChang Winter Olympic Games in 2018. The application is available free of charge on Apple’s iTunes App Store and Google’s Android Market. * Released by the Software and IT Convergence Division date2012-10-23