Ministry of Trade, Industry and Energy

Minister Moon attends 49th Korean Commerce and Industry Day Ceremony

Trade, Industry, and Energy Minister Moon Sung-wook attended the 49th Korean Commerce and Industry Day Ceremony held at the Korean Chamber of Commerce and Industry (KCCI) on March 29 to commend individuals that contributed to Korea's commerce and industry development.   Commerce and Industry Day was designated as an official government memorial in 1974, and annual ceremonies have been held ever since to award individuals that have achieved meaningful outcomes contributing to Korea’s date2022-03-30

Korea's retail sales rise 4.7% in February

The Ministry of Trade, Industry and Energy announced on March 29 that Korea’s total retail sales in February rose 4.7 percent. Sales at brick-and-mortar stores declined by 3.8 percent, while online sales rose 14.2 percent. The drop in offline sales was offset by online sales’ sharp growth spike. The Ministry releases monthly retail sales figures based on surveys of 25 major retailers. 13 of them are physical retailers: three department store chains, three hypermarket chains, three c date2022-03-29

Minister Moon attends Autonomous Vehicles Industry-Academia Conference

Trade, Industry, and Energy Minister Moon Sung-wook attended the Autonomous Vehicles Industry-Academia Conference held at the Government Sejong Convention Center on March 28 to discuss future development and competitiveness-building of Korea's self-driving car industry.   The conference was held in anticipation of the upcoming release of Korea’s first level 3 autonomous finished vehicle in H2 of this year. Minister Moon’s opening remarks were followed by a report on nine major date2022-03-29

1st Vice Minister attends Robot Future Strategy Conference 2022

Trade, Industry, and Energy 1st Vice Minister Park Jin-kyu attended the Robot Future Strategy Conference 2022 on March 22 at COEX in Seoul, held under the theme of “Manufacturing Innovation through Human-Robot Digital Technology Collaboration.”   Minister Park delivered a congratulatory message, envisioning plants of the future where AI production systems are controlled virtually and robots are employed on-site, all of which are the source of industrial competitiveness. H date2022-03-23

Minister Moon attends 2nd Interagency Vaccine Cooperation Meeting

Trade, Industry, and Energy Minister Moon Sung-wook attended the 2nd Vaccine Interagency Cooperation Meeting on March 16 held at the Korea SMEs & Startups Agency (KOSME) in Jinju-si, South Gyeongsang Province, where various relevant institutions’ representatives gathered for discussions.   After extending opening remarks, Minister Moon participated in the vaccine industry standardization tests and certification support reinforced MOU signing ceremony, followed by discussions o date2022-03-21

Minister Moon visits KAI helicopter production line

Trade, Industry, and Energy Minister Moon Sung-wook visited the Korea Aerospace Industries (KAI) helicopter production site in Sacheon-si, Gyeongnam, on March 16.   The Minister received a briefing from KAI President Ahn Hyun-ho, and took a tour around the Surion helicopter production and assembly line, followed by a test drive.   The event was attended by working-level officials from various ministries and state agencies actively deploying helicopters, including the Ministry of De date2022-03-17

1st Vice Minister holds 21st Industrial Security TF Meeting

Trade, Industry and Energy 1st Vice Minister Park Jin-kyu held the 21st Industrial Security TF Meeting at the Korea Trade Insurance Corporation (K-SURE) headquarters in Seoul, to assess difficulties facing Korean businesses amidst the Russia-Ukraine crisis and to discuss viable countermeasures.   In his opening remarks, the Vice Minister stated that as “Russia-Ukraine situation is becoming more protracted and severe and major countries’ sanctions and risk factors are also incr date2022-03-14

Industrial Digital Transformation (DX) Task Force is launched

  Trade, Industry, and Energy Minister Moon Sung-wook announced on March 7 the launching of the “Industrial Digital Transformation (DX) Task Force” for a coordinated push to effectuate a digital transition across industry sectors. The aim of this move is to swiftly roll out the details settled under the “Special Act to Accelerate Industrial Digital Transformation” passed by the national assembly last December, set for enforcement on July 5, in order to accelerate t date2022-03-11

Minister Moon attends Technical University of Korea (TUKOREA) Vision Declaration Ceremony

Trade, Industry, and Energy Minister Moon Sung-wook attended the vision declaration ceremony of Technical University of Korea (TUKOREA) in Siheung City, Gyeonggi-do on March 4.   Formerly called Korea Polytechnic University, TUKOREA celebrated the launching of its new title at the declaration ceremony, where Minister Moon delivered a congratulatory message. Emphasizing the importance of nurturing tech-talented youth in achieving green and digital industry transformation, he expressed anti date2022-03-08

Minister Moon visits leading secondary battery pouch producer

Trade, Industry, and Energy Minister Moon Sung-wook visited Korea’s leading secondary battery pouch producer YoulChon Chemical Co. in Ansan, Gyeonggi-do, on February 28. The company is among the 28 materials, parts, and equipment (MPE) business model enterprises selected for the government-led program to nurture domestic MPE industries’ competitiveness.   Under the guidance of YoulChon Chemical CEO Song Nok-jung, Minister Moon took a tour around the production plant and encour date2022-03-03