Ministry of Trade, Industry and Energy

Vice Minister visits Hyundai Motor R&D Center

Trade, Industry and Energy 1st Vice Minister Park Jin-kyu visited the Hyundai Motor Namyang R&D Center in Hwaseong-si, Gyeonggi-do on February 15 for a site tour on the company’s future car development and commercialization. During the visit, Minister Park addressed the employees with an opening message emphasizing the importance of securing technological competitiveness for Korea’s global automobile leadership. Moreover, he assured the Ministry’s continued commitment to p date2022-02-16

Minister Moon attends "Meta-Fashion" Conference

Trade, Industry, and Energy Minister Moon Sung-wook attended the Digital Transition in Textile and Fashion “Catch Up New World, Meta-Fashion” Conference on February 10 at the Textile Center in Seoul, in view of rapidly rising global “fashion tech” market.   Noting how today’s digital transition and the metaverse are quickly ushering in a new blue ocean in the textile and fashion realm, Minister Moon said the fashion tech market shows great potential for brand date2022-02-11

Minister Moon presides 9th Defense Industry Development Conference

Trade, Industry, and Energy Minister Moon Sung-wook presided the 9th Defense Industry Development Conference held on February 7 at the Government Sejong Convention Center under the theme of expanding Korea’s domestic helicopter market and supporting exports and overseas market penetration.   In his opening message, the Minister emphasized the need to “strengthen civil militia cooperation in space technology and other cutting-edge developments” and called for efforts to r date2022-02-08

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

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

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

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

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

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

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