-
FTA/Economic Cooperation
Korea, Indonesia Enhance Economic Ties
Minister of Knowledge Economy Sukoo HONG and his Indonesian counterpart Coordinating Minister for Economic Affairs Hatta Rajasa attend the Jeju Initiative, an event held on October 12 in Jeju to strengthen Korea-Indonesia economic relations. The two officials shared views on expanding free trade and investment and agreed to work together for closer economic ties. date2012-10-19
-
Industry
Retail Sales Figures for September
date2012-10-19
-
Energy
Korea Announces Emissions Reduction Targets for 2013
In preparation for a cap and trade scheme starting in 2015, the Ministry of Knowledge Economy has announced emissions reduction and energy consumption targets for 377 businesses in the power and industrial sectors for next year. After a thorough verification of the BAU levels submitted by the companies, targets were set in consideration of their possible impact on investment and job creation. The estimated emissions of the 377 companies in the industrial and power sectors for the next year amount to 570.6 million metric tonnes, accounting for 96.7 percent of Korea’s emissions. Under this plan, Korea aims to cut 17.2 million tonnes of carbon dioxide emissions or 3 percent of next year’s BAU levels, which is more than double that of this year. It is also expected to save 224.1 petajoules of energy in 2013. date2012-10-18
-
FTA/Economic Cooperation
Minister Greets Incoming Swiss Ambassador
Minister of Knowledge Economy Sukwoo HONG meets with newly appointed Swiss Ambassador Joerg Al. Reding on October 11 at the Gwacheon Government Complex. The discussion focused on relations between the two countries in areas such as economy, trade and investment, industrial technology, and research and development. date2012-10-17
-
Industry
MKE Releases Car Sales Figures for September
MKE Releases Car Sales Figures for September The Ministry of Knowledge Economy has released its car sales figures for September. The nation’s car production declined 8.2 percent year on year to 343,458 vehicles due to partial labor strikes at major automobile makers. Due to concerns over the stagnant real economy and weaker consumer sentiment, the number of vehicles sold on the domestic market retreated 4.8 percent to 128,607 vehicles. Compared to the previous month, however, the pace of date2012-10-16
-
FTA/Economic Cooperation
Vice Minister Speaks at Korean and Latin American Night
date2012-10-15
-
Trade/Investment
Korea, Japan Seek Stronger Industrial Ties
Korea, Japan Seek Stronger Industrial Ties Vice Minister for Energy and Trade Cho Seok addresses the Korea-Japan Industrial Technology Fair 2012 on September 25 in Seoul. The fair, which drew more than 500 business leaders from the two nations, aims to expand partnerships in industrial technology. date2012-10-11
-
Trade/Investment
Parts and Materials Industry Trade Figures for First Nine Months of 2012
date2012-10-11
-
Industry
Vice Minister Celebrates aTEBS 2012
Vice Minister for Industry and Technology Yoon Sang-Jick (fourth from left) cuts the ribbon at the opening of the aTEBS 2012, or the Asia Top Electronics Brand Show on September 25 in Seoul. date2012-10-09
-
Trade/Investment
Foreign Investment Figures for First Nine Months of 2012
date2012-10-09