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Korea's retail industry grows 3.3% in August
The Ministry of Trade, Industry and Energy (MOTIE) announced on September 26 that Korea’s retail sales for August gained an overall growth of 3.3 percent year-on-year. Offline sales declined by 1.2 percent as Chuseok holidays are due to arrive 19 days later than they did last year (September 10, 2022), with hypermarket chain and department st...
2023-09-27
Amendments to Industrial Technology Protection Act approved at cabinet meeting
The Ministry of Trade, Industry and Energy (MOTIE) announced on September 25 that amendments to the “Act on Prevention of Divulgence and Protection of Industrial Technology” were approved at the cabinet meeting that day. The primary purpose of the amendments is to strengthen the protection of national core technologies. The revisions no...
2023-09-27
Minister Bang makes first Exporter Visiting Group stop at Hyundai Asan Plant
Trade, Industry and Energy Minister Bang Moon Kyu visited the Hyundai Asan Plant on September 26 for the launching of the Exporter Visiting Group as part of Minister Bang’s first stride towards export growth for the second half of 2023. The Exporter Visiting Group is a program launched by the Ministry of Trade, Industry and Energy (MOT...
2023-09-26
Minister Bang makes first Exporter Visiting Group stop at Hyundai Asan Plant
Trade, Industry and Energy Minister Bang Moon Kyu visited the Hyundai Asan Plant on September 26 for the launching of the Exporter Visiting Group (“Group”) as part of Minister Bang’s first stride towards export growth for the second half of 2023. The Exporter Visiting Group is a program launched by the Ministry of Trade, Industry ...
2023-09-26
Korea and U.S. hold 2nd Advanced Industry & Technology Cooperation Forum
Trade, Industry and Energy Vice Minister Youngjin Jang attended the 2nd Korea-U.S. Advanced Industry & Technology Cooperation Forum, held together by MOTIE and the U.S. Department of Commerce on September 21 at the Grand Hyatt Seoul to seriously push forward bilateral cooperation in high-tech industries and personnel exchange. In additio...
2023-09-21
Korea and U.S. hold 2nd Advanced Industry & Technology Cooperation Forum
The Ministry of Trade, Industry and Energy (MOTIE) and the U.S. Department of Commerce held the 2nd Korea-U.S. Advanced Industry & Technology Cooperation Forum on September 21 at the Grand Hyatt Seoul with aim to seriously push forward bilateral cooperation in high-tech industries and personnel exchange. At the forum, large numbers of both coun...
2023-09-21
Korea and Japan hold 1st Green Steel Joint Seminar
The Ministry of Trade, Industry and Energy (MOTIE) announced on September 21 that Korea Iron & Steel Organization (KOSA) and the Japan Iron and Steel Federation (JISF) co-hosted the 1st Korea-Japan Green Steel Joint Seminar that day at InterContinental Seoul COEX. With approximately 130 participants from both countries’ governments, indus...
2023-09-21
Korea's auto exports post double-digit growth for 14th consecutive month
The Ministry of Trade, Industry and Energy (MOTIE) announced on September 19 that Korea’s automobile export value for August reached USD 5.3 billion (up 28.7 percent year-on-year), an all-time high for August monthly exports. The accumulated value of automobile exports from January to August in 2023 reached $46.8 billion (up 39.5 perce...
2023-09-20
Vice Minister and Airbus DS CEO discuss measures to advance cooperation
The Ministry of Trade, Industry and Energy (MOTIE)’s Vice Minister Youngjin Jang met with Michael Schoellhorn, CEO of Airbus Defense & Space (Airbus DS), on September 13 in Seoul to discuss measures to expand cooperation between Korea and Airbus, including the establishment plan of the Airbus Korea International Technology Center (AKITC) ...
2023-09-14
Vice Minister and Airbus DS CEO discuss measures to advance cooperation
The Ministry of Trade, Industry and Energy (MOTIE)’s Vice Minister Youngjin Jang met with Michael Schoellhorn, CEO of Airbus Defense & Space (Airbus DS), on September 13 in Seoul to exchange views on measures to expand cooperation between Korea and Airbus. Issues discussed include the establishment of the Airbus Korea International Techno...
2023-09-14
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