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Korea maintains No.1 Shipyard position in July The Ministry of Trade, Industry and Energy (MOTIE) announced on August 10 that South Korea maintained its dominant position in global shipbuilding (following 1st place for first half of 2022), winning 55 percent (19 vessels amounting to 1.16 million CGT) of world’s total orders in July.In July, bid orders for a total of 72 vessels amounting t... 2022-08-11
Korea's ICT exports shrink 0.7% in July The Ministry of Trade, Industry and Energy (MOTIE) announced on August 11 that exports of Korea’s information and communications technology (ICT) goods decreased 0.7 percent to USD 19.3 billion in July.Imports gained 16.8 percent to $13.2 billion, but ICT trade still achieved a trade surplus of $6.1 billion despite less operating days (one le... 2022-08-11
Minister Lee holds conference for nuclear energy ecosystem revitalization Trade, Industry and Energy Minister Lee Chang-yang visited Changwon in South Gyeongsang Province on August 10 to hold a Nuclear Energy Industry Business Conference (hereinafter “Conference”) and to give an update on progress thus far following the previous conference held on June 22.The Conference involved an MOU signing ceremony betwee... 2022-08-11
Korea and U.S. co-host Standards Forum 2022 The Korean Agency for Technology and Standards (KATS), affiliated under the Ministry of Trade, Industry and Energy (MOTIE), co-hosted the 2nd Korea-U.S. Standards Forum (hereinafter “Standards Forum”) with the American National Standards Institute (ANSI) on August 9 in Washington, D.C.Held subsequent to the Northeast Asia Standards Coop... 2022-08-09
MOTIE expands World EXPO 2030 Busan Advisory Committee The Ministry of Trade, Industry and Energy (MOTIE) expanded its World EXPO 2030 Busan advisory committee into a delegation of eight members, and launched on August 4 its first meeting. The aim of this reorganization is to reinforce promotion to BIE (Bureau International des Expositions) member states.Yoon Sang-jik, the Secretary-General for th... 2022-08-05
1st Vice Minister attends Bioplus-Interphex Korea 2022 Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the Bioplus-Interphex (International Pharmaceutical and Manufacturing Expo) Korea 2022 opening ceremony at COEX in Seoul on August 3, co-hosted by the Korea Biotechnology Industry Organization and Reed Exhibitions.Bioplus-Interphex Korea 2022 will be running a total of 350 booths ... 2022-08-03
Korea and Vietnam hold Ministerial talks for economic cooperation Trade, Industry and Energy Minister Lee Chang-yang held talks with Vietnamese counterpart Minister Nguyen Hong Dien on the occasion of the latter's visit to South Korea.Mentioning the two countries’ diplomatic ties establishment in 1992, Minister Lee stated that Vietnam is one of South Korea’s four major trading partners after Chin... 2022-08-02
Korea's exports gain 9.4% in July The Ministry of Trade, Industry and Energy announced on August 1 that the value of Korean goods shipped overseas in July grew 9.4 percent to USD 60.7 billion, posting highest ever exports value for the month of July (previous highest was that of July 2021 at $55.5 billion).High energy prices pushed imports up 21.8 percent to $65.4 billion, resultin... 2022-08-01