Ministry of Trade, Industry and Energy
Ministry of Trade, Industry and Energy
Speeches & Articles
News In Media
Korea's FTA Network
Forum & EXPO
Minister & Vice Ministers
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.  ...
Minister Moon meets with steel, petrochemical firms to discuss new NDC targets
Trade, Industry and Energy Minister Moon Sungwook met with CEOs of steel and petrochemical firms, which account for more than 75.8% of greenhouse gas emissions in the domestic industrial sector, on September 14, as Korea considers stronger nationally determined contribution (NDC) targets. Minister Moon said that the government plans to stren...
Minister Moon attends meeting to encourage cooperation between middle market enterprises and energy agencies
Trade, Industry and Energy Minister Moon Sungwook (second from the right) attended a meeting to create a cooperative system between middle market enterprises and energy agencies for ESG and carbon neutral goals. The Korea Energy Agency, the Korea Institute of Energy Technology Evaluation and Planning, and the Federation of Middle Market Ente...
Korea’s retail industry sees sales growth of 13.1% in July
The Ministry of Trade, Industry and Energy announced on August 26 that Korea’s retail industry saw sales growth of 13.1 percent in July. Both offline and online sales posted growth, up 7.0 percent and 20.2 percent, respectively. The Ministry releases monthly retail sales figures based on surveys of 26 major retailers. Hal...
Minister Moon visits site of secondary battery recycling
Trade, Industry and Energy Minister Moon Sungwook (right) made a visit to the plant of SungEel HiTech, a local supplier of cathode materials from recycled secondary batteries, in Gunsan, Jeollabukdo, on August 19, and met with industry representatives afterwards to discuss measures necessary to establish a stable supply chain of rare metals. ...
Minister Moon discusses R&D investment strategy with private sector experts
Trade, Industry and Energy Minister Moon Sungwook presided over a strategy meeting to discuss industrial technology R&D innovation, on August 18, at the Office of Strategic R&D Planning (OSP), launched in 2010 to devise strategic plans for R&D investment and innovation of industrial technology. Minister Moon emphasized the need t...
Auto exports edge down 2.9%, export value rises 12.3% in July
The Ministry of Trade, Industry and Energy announced on August 18 that Korea’s automobile output, domestic sales, and exports went down 13.9 percent, 9.6 percent, and 2.9 percent, respectively. However, in value terms, the export value increased 12.3 percent to $4.1 billion, posting double-digit growth for seven straight months. Declines in p...
Minister Moon attends meeting to discuss development of local defense industry
Trade, Industry and Energy Minister Moon Sungwook attended the 8th Meeting for the National Defense Industry Development, jointly held with the Ministry of National Defense, on August 11, to discuss measures to foster the local defense industry. MOTIE announced plans to implement a standard model for the use of robots in military food services and ...
Korea announces plans to secure supply of rare metals
Korea announced, on August 5, measures to secure supply of rare metals, which are key materials used in major industries including future cars, secondary batteries, and low carbon energy. As part of the policy to strengthen competitiveness of materials, parts and equipment industries, the government aims to stabilize the supply chain of rare metals...