Ministry of Trade, Industry and Energy
Ministry of Trade, Industry and Energy
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Korea's 2021 retail sales advance 11.3 percent as both online and offline sales increase
The Ministry of Trade, Industry and Energy announced on January 27 that Korea’s annual retail sales in 2021 advanced 11.3 percent compared to 2020, thanks to strong online sales (up 15.7 percent). Brick-and-mortar sales also expanded by 7.5 percent. The Ministry releases monthly retail sales figures based on surveys of 25 major retaile...
The 4th Korea-China Ministerial Dialogue on Industrial Cooperation
Trade, Industry, and Energy Minister Moon Sung-wook presided a meeting with China’s Industry and Information Technology Minister Xiao Yaqing at the Sejong Government Complex on January 25 to discuss furthering of measures for mutual cooperation. Minister Moon noted how Korea and China, on the strong foothold of FTA, both recorded historic tra...
Vice Minister attends 1st Balanced National Development Day Ceremony
Trade, Industry and Energy 1st Vice Minister Park Jin-kyu attended the 1st Balanced National Development Day Ceremony held at Sejong City Hall on January 25. The event was held to honor the Balanced National Development Day, which has been designated to be on January 29th of every year according to the Special Act on Balanced National Development ...
Cabinet passes National High-Tech Strategic Industries Special Act
Trade, Industry and Energy Minister Moon Sung-wook announced at the 5th Cabinet meeting held on Janaury 25 the passing of the legislative bill for the National High-Tech Strategic Industries Special Act. The Special Act aims to nurture and protect Korea’s high-tech strategic industries for building national and economic securit...
MOTIE visits Agency for Defense Development
Trade, Industry and Energy 1st Vice Minister Park Jin-kyu visited the Agency for Defense Development (ADD) in Daejeon on January 17, 2022 to promote cooperation among ADD, MOTIE, and the Defense Acquisition Program Administration (DAPA) for space industry development. With regard to space industry development, Minister Park addressed that it is cri...
Korea's automobile exports reach $46.5 billion in 2021
The Ministry of Trade, Industry and Energy announced on December 18 that Korea’s automobile export value for 2021 increased 24.2% to USD 46.5 billion, and export volume increased by 8.6% to 2.1 million units. In terms of automobile production and domestic sales, the industry saw declines of 1.3 percent and 8.5 percent, respectively. Th...
Minister Moon attends 2022 Korea Space Forum
Trade, Industry, and Energy Minister Moon Sung-wook attended the 2022 Korea Space Forum hosted by Korea Aerospace Industries Association (KAI) and the Korean Society for Aeronautical & Space Sciences (KSAS) at the Marriott Hotel in Seoul on January 14. Minister Moon delivered a congratulatory message, noting that despite the high entry ...
2022 Global Top Specialty MPE Enterprise Awards Ceremony
Trade, Industry, and Energy Minister Moon Sungwook held an awards ceremony on January 10 at the Four Seasons Hotel in Seoul for awarding 21 materials, parts, and equipment (MPE) enterprises under the theme of “Global Top Specialty MPE Enterprises! Going Global! Into the Future!” At the event, Minister Moon delivered a congra...
MOTIE holds 16th public-private joint meeting on industrial security
Trade, Industry and Energy 1st Vice Minister Park Jin-kyu held the 16th Public-Private Joint Meeting on Industrial Security at the Korea Chamber of Commerce and Industry on January 5, 2022. The meeting addressed tightened environmental regulations of major countries, the Omicron pandemic and developing pre-emptive response measures for recent suppl...
Minister Moon attends 2022 Business Leaders’ New Year’s Greetings
Trade, Industry and Energy Minister Moon Sungwook attended the 2022 Korean Business Leaders’ New Year’s Greetings held at the Korea Chamber of Commerce and Industry (KCCI) in Seoul on January 4, 2022. Also at the event were South Korea’s Prime Minister Kim Bu-gyeom, KCCI Head and SK Group Chairman Chey Tae-won, M...