Ministry of Trade, Industry and Energy

Korea Launches Free Translator App ‘Genie Talk’

The Ministry of Knowledge Economy has launched a smartphone application called ‘Genie Talk,’ which offers instant Korean-English translation services in both verbal and written formats. Designed to work best with travel-related speech or for everyday conversations, Genie Talk can recognize 270,000 Korean words and 65,000 English words. When connected to WiFi, users can simply type or record messages to get a translation. Genie Talk, equipped with translation technology developed by the Electronics and Telecommunications Research Institute (ETRI), is around 80 percent accurate. The Ministry of Knowledge Economy is also working to launch Japanese and Chinese versions as early as 2014 when Incheon is set to host the 14th Asian Games. The ministry also aims to release versions for six more languages including Spanish, French, German and Russian prior to the PyeongChang Winter Olympic Games in 2018. The application is available free of charge on Apple’s iTunes App Store and Google’s Android Market. * Released by the Software and IT Convergence Division date2012-10-23

Retail Sales Figures for September

date2012-10-19

MKE Releases Car Sales Figures for September

MKE Releases Car Sales Figures for September The Ministry of Knowledge Economy has released its car sales figures for September. The nation’s car production declined 8.2 percent year on year to 343,458 vehicles due to partial labor strikes at major automobile makers. Due to concerns over the stagnant real economy and weaker consumer sentiment, the number of vehicles sold on the domestic market retreated 4.8 percent to 128,607 vehicles. Compared to the previous month, however, the pace of date2012-10-16

Vice Minister Celebrates aTEBS 2012

Vice Minister for Industry and Technology Yoon Sang-Jick (fourth from left) cuts the ribbon at the opening of the aTEBS 2012, or the Asia Top Electronics Brand Show on September 25 in Seoul. date2012-10-09

Vice Minister Speaks At Global OECD Forum

Vice Minister Speaks At Global OECD Forum Vice Minister for Industry and Technology Yoon Sang-Jick addresses the 2012 OECD Global Forum on the Knowledge Economy on September 18 in Seoul. Under the theme of “Towards a Strong, Green and Inclusive Growth Path,” the forum drew in more than 400 participants from Korea and abroad. date2012-09-26

Retail Sales Figures for August

date2012-09-18

MKE Releases Car Sales Figures for August

MKE Releases Car Sales Figures for August The Ministry of Knowledge Economy has released its car sales figures for August. The nation’s car production fell 25.9 percent year on year to 237,477 vehicles due to partial strikes at major automobile makers. Concerns over the economic slowdown coupled with weaker consumer sentiment drove the number of vehicles sold on the domestic market down 21.9 percent to 96,648 vehicles. However, sales of hybrid vehicles for the first eight months of this y date2012-09-11

Vice Minister Attends Nano Korea 2012

date2012-09-04

Retail Sales Figures for July

date2012-08-21

MKE Releases Car Sales Figures for July

MKE Releases Car Sales Figures for July The Ministry of Knowledge Economy has released its car sales figures for July. Production declined 9.2 percent year on year to 355,627 vehicles, most likely the result of fewer working days and strikes at major automobile manufacturers. Even strong sales of imported cars and the introduction of new models could not counter the influence of weak consumer sentiment, which drove domestic sales down 2.9 percent. Sales of imported cars maintained solid growth, date2012-08-17