Ministry of Trade, Industry and Energy

Minister Joo holds public-private talk on new industry promotion

  Trade, Industry and Energy Minister Joo Hyunghwan (center) hosted the third meeting between government and private sector leaders from  consulting, macro and cultural society, experts on new industries, and representatives from big, medium and small businesses to discuss how to promote and support new businesses in an era of the fourth industrial revolution, on Nov 11.   date2016-11-09

Vice Minister Jeong speaks at gov't's policy briefing on raising competitiveness of shipbuilding and shipping industries

  Trade, Industry and Energy Vice Minister Jeong Marn-ki (right) spoke at the government's briefing on the policy direction for raising competitiveness of shipbuilding and shipping industries facing overcapacity issue on Oct 31. The Ministry of Strategy and Finance led the briefing with the related economic ministries in the government complex in Seoul on Oct 31. Other attendees in the photo include Strategy and Finance Vice Minister Choi Sang-mok (center) and Vice Chairman of the Financi date2016-11-01

KATS recommends consumers stop using Galaxy Note 7

The Korean Agency for Technology and Standards (KATS) under the roof of the Ministry of Trade, Industry and Energy issued three recommendations for consumers and Samsung Electronics, the manufacturer of Galaxy Note 7, on Tuesday following a meeting on Monday which concluded that there is a possibility of a new type of defect in the mobile phone beyond the battery issue.  Below are the three recommendations issued collectively by KATS officials, Samsung Electronics and technological experts date2016-10-11

Domestic automotive sales and production fell in September

The Ministry of Trade, Industry and Energy announced on Oct 7 that the domestic automotive sales fell 13.8 percent to 128,674 units in September compared with the same period last year, with the end of the special consumption tax cut.   Local car production also dropped 22.7 percent to 258,026 units last month from a year ago mainly due to the prolonged walkout of Hyundai Motor and Kia Motors, the county’s top two automakers.   Affected by the shrinking car production, car export date2016-10-07

Korea unveils policy direction to strengthen competitiveness of steel and petrochemical industries

South Korean economic ministries, including the Ministry of Trade, Industry and Energy, unveiled on Friday their coordinated plans to strengthen the competitiveness of steel and petrochemical industries, both of which face an oversupply issue.   A policy direction to sharpen an edge of the troubled shipping and shipbuilding is expected to be announced in October.   To maintain global demand for Korean steel and petrochemical products, the government will encourage and help reduce date2016-09-30

Minister Joo attends 'Korea Sale FESTA' opening ceremony

  Trade, Energy, and Industry Minister Joo Hyunghwan (center) waved his light stick at the K-POP concert, designed to celebrate the opening of the `Korea Sale FESTA' at Yeongdongdearo on Sept. 30. Minister Joo along with Culture, Sports and Tourism Minister Cho Yoon-sun, Chairman Park Sam-koo of the Visit Korea Committee and other related officials attended the opening ceremony for the country's biggest shopping and cultural event. The Ministry organized the nationwide festival with aims o date2016-09-30

Vice Minister Jeong reviews preparations for `Korea Sale FESTA'

     Trade, Industry and Energy Vice Minister Jeong Marn-ki (left)  hosted a meeting with major Korean manufacturers, retailers and restaurant officials participating in `Korea Sale FESTA' at the Plaza Seoul Hotel on Sept. 27. Korea Sale FESTA is a nationwide shopping and cultural festival, hosted in conjunction with Ministry of Culture, Sports and Tourism for boosting domestic consumption and international tourists. In his opening remarks, Vice Minister for Industry an date2016-09-28

'Korea Sale FESTA' begins on September 29

The Ministry of Trade, Industry and Energy announced on September 21 that 'Korea Sale FESTA', the country's biggest shopping  festival, will begin on Sept 29 and last until Oct 31. Together with the Ministry of Culture, Sports and Tourism, the Trade, Industry and Energy Ministry has developed the annual national shopping and cultural festival for bargain-hungry Korean consumers and foreign visitors  since the beginning of this year with aims of boosting domestic consumption in slump an date2016-09-23

Vice Minister Lee hosts discussion session with shipbuilding industry

        date2016-07-04

Korea to Woo Int’l Shoppers with `FESTA’ Festival in Fall

Korea to Woo Int’l Shoppers with `FESTA’ Festival in Fall   The Ministry of Trade, Industry and Energy announced it would kick off the Korean version of ``Black Friday” festival under the name of the ``Korea Sale FESTA’’ for international shoppers between September 29 to October 31 with cooperation of the Ministry of Culture, Sports and Tourism and other related public and private agencies.   The word ‘FESTA’ is formed by taking the initia date2016-06-21