Ministry of Trade, Industry and Energy

Korea, Russia announce launch of FTA talks in service, investment

Trade Minister Yoo Myung-hee (left) and Russia’s Economic Development Minister Maxim Oreshkin signed the joint statement on the official launch of negotiations for a Korea-Russia free trade agreement in service and investment at a meeting held in Moscow on June 20 (local time).After the signing, Trade Minister Yoo visited the Skolkovo Innovation Center to discuss innovation and cooperation between Korean and Russian businesses. date2019-06-21

Minister Sung visits 5G-based smart office in Seoul

Trade, Industry and Energy Minister Sung Yun-mo, together with Science Minister You Young-min, Education Minister Yoo Eun-hae, and Health Minister Park Neung-hoo, visited a 5G smart office located in Seoul on June 20.During the visit, the Ministers observed demonstrations of various 5G-based technologies such as robot baristas, virtual meetings, and cooperative robots. The presentations were followed by a meeting between the public and private sectors that was held to promote 5G business-to-busi date2019-06-20

2019 Korea Hydrogen Expo takes place in Seoul

Trade, Industry and Energy Minister Sung Yun-mo delivered a keynote speech at the opening ceremony of the 2019 Korea Hydrogen Expo held in Dongdaemun Design Plaza, Seoul, on June 19.The opening event was attended by some 200 officials, including National Assembly Hydrogen Economy Forum Chairman Kim Young-choon, SMEs and Startups Minister Park Young-sun, Environment Minister Cho Myung-rae, and Seoul Mayor Park Won-soon.The country’s hydrogen showcase is scheduled to take place from June 19 date2019-06-19

Deputy Minister Joo meets with Germany’s Energy State Secretary

The Ministry of Trade, Industry and Energy’s Deputy Minister for Energy and Resources Joo Young-joon (left) met with Germany’s State Secretary at the Federal Ministry for Economic Affairs and Energy Andreas Feicht on June 15 in Nagano, Japan.On the occasion of the G20 Ministerial Meeting on Energy Transitions and Global Environment for Sustainable Growth, the two officials discussed energy transition and expansion of the hydrogen economy. date2019-06-17

Deputy Minister Joo meets with IEA Executive Director Fatih Birol

The Ministry of Trade, Industry and Energy’s Deputy Minister for Energy and Resources Joo Young-joon (right) met with International Energy Agency Executive Director Fatih Birol to exchange views on global energy transition on June 15 in Nagano, Japan.The discussion between the two officials was held on the occasion of the G20 Ministerial Meeting on Energy Transitions and Global Environment for Sustainable Growth. date2019-06-17

Korea participates in G20 Energy Ministerial Meeting held in Japan

Deputy Minister for Energy and Resources Joo Young-joon of the Ministry of Trade, Industry and Energy attended the G20 Ministerial Meeting on Energy Transitions and Global Environment for Sustainable Growth held in Nagano, Japan from June 15 to 16.At this year’s meeting, G20 energy and environment ministers were gathered to explore ways to accelerate a virtuous cycle of environment protection and economic growth.During the event, Deputy Minister Joo highlighted that an innovative paradigm date2019-06-17

Seoul, Stockholm vow to cooperate in bio-health industry

Trade, Industry and Energy Minister Sung Yun-mo (third from the right) visited AstraZeneca’s pharmaceutical plant in Södertälje on June 15 (local time) to attend a letter of intent (LOI) signing ceremony for cooperation in the bio-health industry on the occasion of President Moon Jae-in’s state visit to Sweden.The LOI was signed between the Korea Trade-Investment Promotion Agency (KOTRA), the Korea Biotechnology Industry Organization (KoreaBio), and AstraZeneca. With the le date2019-06-17

Korea’s auto output, exports in May see year-on-year increases

The Ministry of Trade, Industry and Energy announced on June 13 that the Korea’s automobile production increased 4.1 percent to 366,152 vehicles in May compared to the same period last year.This growth in output was mostly attributable to higher overseas demand and more working days. The local car manufacturers are Hyundai Motor, Kia Motors, GM Korea, Ssangyong Motor, Renault Samsung Motors, Zyle Daewoo Bus, and Tata Daewoo.Exports also improved 6.1 percent year-on-year to 226,096 vehicles date2019-06-13

Korea, Norway to cooperate on shipbuilding, robotics

Trade, Industry and Energy Minister Sung Yun-mo (fourth from the left) attended a memorandum of understanding (MOU) signing ceremony for industrial cooperation between Korea and Norway held in Oslo on June 12 (local time).On the occasion of President Moon Jae-in’s state visit to Norway, a total of four MOUs on shipbuilding and robotics were signed and two Korean ship construction technologies were approved between Seoul and Oslo’s industries.With the MOUs, concerted efforts will be m date2019-06-13

Minister Sung tours Institute for Molecular Medicine Finland

Trade, Industry and Energy Minister Sung Yun-mo (second from the left) and Science and Technology Advisor to the President Lee Kong-joo toured the Institute for Molecular Medicine Finland (FIMM) located in Helsinki on June 11 (local time) on the occasion of President Moon Jae-in’s state visit to Finland.At the research center, the top officials were briefed by FIMM’s Director Mark Daly and Research Director Johan Lundin on FinnGen, a large scale genome study, as well as digital diagn date2019-06-12