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MOTIE holds meeting with shipping industry to discuss logistics challenges
Trade, Industry and Energy Minister Moon Sungwook (right) held a joint meeting with the Ministry of Oceans and Fisheries and the shipping industry representatives, on July 21, to discuss ways to resolve difficulties with logistics resulting from shipping container shortages and high freight rates. At the meeting, the ministries agreed to increase t...
Minister Moon checks power management system for stable supply of electricity
Trade, Industry and Energy Minister Moon Sungwook made a visit to the Seoul Power Generation Site Division of Korea Midland Power Co., on July 20, to check the power management system for a stable supply of electricity during the summer.
Minister Moon encourages COVID-19 precautions at industrial sites
Trade, Industry and Energy Minister Moon Sungwook (second from the right) visited Daeryung Knowledge Industry Center, in Seoul, on July 19, to encourage industrial workers to take COVID-19 precautions as cases have surged recently. At a meeting with the Korea Industrial Complex Corporation, Minister Moon requested special efforts for a safe working...
Korea’s auto industry sees advancement in production and exports in H1
The Ministry of Trade, Industry and Energy announced on July 15 that Korea’s automobile output and exports in the first six months of 2021 posted year-on-year increases of 11.5 percent and 27.9 percent, respectively. In particular, exports recorded double-digit growth (up 27.9 percent to 1,049,658 units) for the first time since the first hal...
Minister Moon meets with energy firms to discuss demand response program
Trade, Industry and Energy Minister Moon Sungwook held a virtual meeting with demand side management companies and participants of demand response (DR) programs, on July 13, to discuss measures to effectively manage energy demand during summer. The DR market, first established in 2014, has played a role in meeting energy demand in summer and winter...
Minister Moon meets with root industry representatives
Trade, Industry and Energy Minister Moon Sungwook (left) visited the plant of Dong-A Precision Industrial Company, a local mold manufacturer, in Bucheon, Gyeonggi Province, on July 12, to encourage the firm’s introduction of smart robots to the manufacturing process, thereby reducing working hours and improving product quality. After the visi...
Minister Moon visits department store chain ahead of toughened quarantine measures
Trade, Industry and Energy Minister Moon Sungwook (center) made a visit to Lotte Department Store’s Myeongdong branch in Seoul, on July 11, to check the quarantine management system at a large scale retail store ahead of the implementation of tougher social distancing rules.
Exports of Korea’s ICT goods grow 29.1% to $19.3 billion in June
The Ministry of Trade, Industry and Energy announced on July 14 that exports of Korea’s information and communications technology (ICT) goods increased 29.1 percent to USD 19.3 billion in June, posting growth for 13 consecutive months and hitting the record high export value for the month of June in history. Imports went up 17.7 percent to $1...
Minister Moon holds meeting with heads of public institutions
Trade, Industry and Energy Minister Moon Sungwook (center) held a meeting with heads of 40 public institutions, on July 7, to review the progress of state-led projects and discuss pending issues in the industry including field safety and energy conservation.Minister Moon emphasized that it is important to create safe working environments for employ...
Korea, EU agree to cooperate for climate goals
Trade, Industry and Energy Minister Moon Sungwook (right) met with Frans Timmermans, European Commission Executive Vice President for the European Green Deal, in Seoul, on July 6, to discuss cooperative measures to fight against climate change. The two sides agreed on the need to expand cooperation in energy issues, for example, clean hydrogen, as ...