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Trade/Investment
Minister Speaks with Qatari Health Minister
Minister of Knowledge Economy Choi Joong-Kyung speaks with Qatari Minister of Health Abdulla Bin Khalid Al-Qahtani on June 21 in Gwacheon, south of Seoul. The two officials shared ideas on partnerships involving trade, investment and IT-enhanced healthcare. date2011-06-23
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Energy
Korea Appointed Secretariat of International Smart Grid Action Network
For the next three years Korea will serve as Secretariat of the International Smart Grid Action Network (ISGAN), a mechanism for multilateral collaboration involving 20 member countries. As interim Secretariat since November 2010, Korea took the lead in supporting ISGAN’s administrative processes and communications. Recently, representatives of member governments and the International Energy Agency gathered in Seoul to kick off the first official meeting. Italy was chosen as Chair, with the United States and Korea as Vice Chairs. The representatives also assessed ISGAN’s progress in four foundational projects: a global inventory of smart grid policies and activities; smart grid case studies; cost-benefit analyses and toolkits; and a synthesis of insights for decision makers. “Korea will take a central role in facilitating a dynamic exchange of information to ensure the achievement of the shared goal: to advance the development and deployment of smarter electric grids around the world,” Vice Minister for Trade and Energy Kim Junggwan said at a ceremony held to celebrate Korea’s new role. ISGAN was launched in July 2010 at the first Clean Energy Ministerial in Washington, D.C., and formally established under the IEA via an Implementing Agreement signed in April at the second Ministerial in Abu Dhabi. For further information, please see the press release dated April 21. * Released by the Smart Grid and Electricity Market Division date2011-06-23
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Energy
Vice Minister Promotes Green Energy
Vice Minister for Trade and Energy Kim Junggwan speaks at the Global Green Energy Leaders’ Forum on June 14 in Seoul. The forum drew almost 500 participants, including dignitaries from Japan, the United States and Denmark. date2011-06-21
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FTA/Economic Cooperation
Minister Travels to Russia to Promote Investment, Technology Cooperation
Minister Travels to Russia to Promote Investment, Technology Cooperation Minister of Knowledge Economy Choi Joong-Kyung traveled to Moscow last week for a brief trip to follow up on two memorandums of understanding. One MOU addresses industrial partnerships between Korea and Russia, and the other deals with joint efforts to modernize the Russian economy. While in Moscow, Minister Choi met with business leaders and senior government officials and attended an investment forum and a forum on indus date2011-06-21
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FTA/Economic Cooperation
Korea, U.S. State of Maryland Forge Industrial Ties
Korea, U.S. State of Maryland Forge Industrial Ties Minister of Knowledge Economy Choi Joong-Kyung and Maryland Governor Martin O’Malley ink the Memorandum of Understanding on Industrial Cooperation on June 7 in Seoul. date2011-06-17
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Industry
MKE Senior Official Speaks at Global Biomedical Forum
Director General for Emerging Industries Kim Joon Dong speaks at the opening of the Global Biomedical Forum on June 8 in Seoul. Participants included industry representatives from the United States, Japan and China. date2011-06-17
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Industry
Retail Sales Figures for May
date2011-06-17
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FTA/Economic Cooperation
Korea, China Forge Stronger Industrial Ties
Korea, China Forge Stronger Industrial Ties With the 20th anniversary of the establishment of diplomatic relations coming up in 2012, Korea and China are looking to collaborate on industrial partnerships. “Korea and China need to join forces in advancing strategic partnerships, deepening investment and trade ties and adapting to changes in the industrial environment,” Minister of Knowledge Economy Choi Joong-Kyung remarked earlier this month at a meeting organized to promote investm date2011-06-16
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FTA/Economic Cooperation
Vice Minister Welcomes Fiji’s Foreign Minister
Vice Minister Welcomes Fiji’s Foreign Minister Vice Minister for Trade and Energy Kim Junggwan discusses investment in the renewable energy sector with Fijian Foreign Minister Ratu Inoke Kubuabola on June 2 in Seoul. The Fijian Minister visited Korea for the first Korea-Pacific Islands Foreign Ministers’ Meeting. date2011-06-14
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FTA/Economic Cooperation
Vice Minister Speaks With Russian Ambassador to Korea
Vice Minister Speaks With Russian Ambassador to Korea Vice Minister for Trade and Energy Kim Junggwan sits with Russian Ambassador to Korea Konstantin V. Vnukov on June 3 in Gwacheon, south of Seoul. The two officials discussed cooperation on energy and resources. date2011-06-14