Ministry of Trade, Industry and Energy
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Minister Moon attends 16th Electronics, IT Day event
Minister Moon attends 16th Electronics, IT Day event Trade, Industry and Energy Minister Moon Sungwook (left) attended the 16th Electronics and IT Day commemoration event in Seoul, on October 26, to encourage the electronics industry’s efforts to come up with cutting-edge technologies and achieve domestic production of parts despite rising tr...
Korea, Qatar agree to further cooperation in energy transition and new industries
Trade, Industry and Energy Minister Moon Sungwook (left) met with his Qatari counterpart Sheikh Mohammed bin Hamad bin Qassim Al Abdullah Al Thani during his visit to Qatar, on October 24 (local time), and agreed to strengthen cooperation in bio-health and renewable energy. At a business roundtable organized by the Korean and Qatari Chambers...
Minister Moon visits World Expo in Dubai
Trade, Industry and Energy Minister Moon Sungwook (left) visited the site of Expo 2020 Dubai in the United Arab Emirates (UAE) on October 23 (local time), and promoted Busan’s bid to host the global event in 2030. After visiting the Korea Pavilion on the theme of future mobility, Minister Moon met with Director General of Expo 2020 Dub...
MOTIE hosts 2021 Digital Transformation Fair
Trade, Industry and Energy Vice Minister Park Jin-kyu (fourth from the right) attended the opening ceremony for the 2021 D.Ton (Digital Transformation Fair: On-line & On-site), held to introduce advanced technology and machinery and enhance the global competitiveness of the domestic machinery industry. Vice Minister Park, in his congratu...
Exports of green cars set new record in September
The Ministry of Trade, Industry and Energy announced on October 15 that outbound shipments of green cars from Korea set new records in the number of units shipped overseas (34,823 units), value ($1.0 billion) and share of total exports (23.8 percent). Automobile output, domestic sales, exports decreased 33.0 percent, 29.7 percent, and 20.7 p...
Minister Moon encourages steel industry’s efforts to produce eco-friendly steel
Trade, Industry and Energy Minister Moon Sungwook (second from the left) attended the Hydrogen Iron & Steel Making (HyIS) Forum, organized to start an industrywide discussion on measures to achieve carbon neutrality through hydrogen-based steelmaking. Minister Moon welcomed the industry’s technological innovation efforts to reduce ...
Korea’s August retail sales rise 6.4%
The Ministry of Trade, Industry and Energy announced on September 29 that Korea’s retail sales in August posted year-on-year growth of 6.4 percent. Both physical and online retailers experienced growth in sales, up 2.5 percent and 11.1 percent, respectively. The Ministry releases monthly retail sales figures based on surveys of ...
Cooperation committee launches to strengthen competitiveness of Korea’s semiconductor industry
Trade, Industry and Energy Minister Moon Sungwook (center) attended the launching ceremony for a committee composed of representatives from industry, academia and research institutes to beef up Korea’s semiconductor industry, on September 28. Minister Moon mentioned that the K-semiconductor Strategy announced in May in response to the ...
Minister Moon holds meeting with economic research institutes
Trade, Industry and Energy Minister Moon Sungwook met with heads of public and private economic research institutes on September 16, to discuss recent economic conditions and the future direction of Korea’s industrial policy. Minister Moon said that the government will push for innovation in the industrial structure by securing industr...
August automobile exports, output increase
The Ministry of Trade, Industry and Energy announced on September 15 that Korea’s automobile production and exports increased 0.7 percent and 4.1 percent, respectively, while domestic sales edged down 3.3 percent for the month of August. The export value totaled $3.0 billion, posting double-digit growth for eight straight months.  ...