-
Industry
Minister Moon attends military “robot chef” demonstration
Trade, Industry, and Energy Minister Moon Sung-wook visited the Army's 28th Recruit Training Regiment on February 7 where “robot chefs” are currently employed in an effort to improve the working conditions of military cooks. Noting the success of this pilot introduction, Minister Moon stated that this was an important milestone for robotics technology to contribute to a smarter and safer military program. He added that collaboration with the Ministry of National Def date2022-02-08
-
Industry
Minister Moon visits marketplace ahead of Lunar New Year
Trade, Industry, and Energy Minister Moon Sung-wook visited the Yongmun Traditional Market located in Yongsan-gu, Seoul, on January 28 to inspect market prices and energy safety conditions ahead of Korea's Lunar New Year holidays. Under the guidance of the Merchants Association President Ban Jae Sun, Minister Moon purchased fruit, traditional Korean sweets, and other holiday goods using an onnuri gift certificate. In view of the COVID-19 situation, the purchased goods were then donated to Chung date2022-01-28
-
Industry
Minister Moon attends Local Win-Win Job Creation Signing Ceremonies
Trade, Industry, and Energy Minister Moon Sung-wook attended Win-Win Job Creation Signing Ceremonies held January 27 in Nonsan-si of Chungnam, and Jeonju-si and Iksan-si of North Jeolla Province where each region's labor, management, government, and community representatives came together to sign the Local Win-Win Job Creation Agreement. Pursued under the Special Act on Balanced National Development, the Local Win-Win Job Creation Agreement aims to create local jobs and stimulate investment bas date2022-01-28
-
Industry
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 retailers, 13 of which are brick-and-mortar retailers: three department store chains, three hypermarket chains, three convenience store chains, and four SS date2022-01-27
-
Industry
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 trade achievements in 2021 even in the face of prolonged COVID-19 pandemic and ensuing global economic challenges. He stated that this meeting will play date2022-01-26
-
Industry
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 and its revised enforcement decree. The ceremony commenced with a progress report of balanced national development, then followed by video viewing, date2022-01-26
-
Industry
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 security as well as gaining high-tech competitiveness, and its details are as follows: 1) Form a National High-Tech Strategic Industries Committee un date2022-01-25
-
Industry
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. The export value maintained previous year-level growth despite prolonged COVID-19 pandemic difficulties. Hybrid cars exports (up by 71.0%) were the st date2022-01-19
-
Industry
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 critical to foster a virtuous cycle ecosystem for launching and demonstrating satellites made up of Korea’s domestic materials, parts, and equipme date2022-01-19
-
Industry
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 barrier of capital and technology posed by the aerospace industry, it is a long-term and stable source of income and offers quality job creation op date2022-01-17