Ministry of Trade, Industry and Energy

Minister Paik meets Abu Dhabi Executive Affairs Authority Chairman in UAE

Trade, Industry and Energy Minister Paik Ungyu (right) met Abu Dhabi Executive Affairs Authority Chairman Khaldoon Khalifa Al Mubarak during his visit to Abu Dhabi, the United Arab Emirates (U.A.E.), on February 26 (U.A.E. local time).During the meeting, Minister Paik and Chairman Al Mubarak discussed ways to enhance cooperation in industry and energy sectors. date2018-02-26

Minister Paik visits Barakah nuclear power plant construction site in UAE

Trade, Industry and Energy Minister Paik Ungyu (center, in yellow vest) visited the construction site of the Barakah Nuclear Energy Plant in the United Arab Emirates (U.A.E.) on February 24 (U.A.E. local time).During the visit, Minister Paik met with Emirates Nuclear Energy Corporation (ENEC) CEO Mohamed Al Hammadi to check the construction progress of the nuclear power plant.Minister Paik also attended a luncheon to encourage workers of the Korea Electric Power Corporation (KEPCO) and the Korea date2018-02-26

Korea, Russia discuss energy cooperation in Seoul

The Ministry of Trade, Industry and Energy’s Deputy Minister for Energy and Resources Park Won-joo (second from right) and Russia’s Deputy Minister of Energy Anton Inyutsyn (second from left) co-chaired the 15th Meeting of the Korea-Russia Joint Committee for Energy and Natural Resources Cooperation at a hotel in downtown Seoul on February 21.During the meeting, the two sides discussed means to enhance cooperation in the energy and natural resources sector. date2018-02-21

Trade Minister Kim signs trade deals with five Central American counterparts

Seoul, Korea - The Ministry of Trade, Industry and Energy announced that Trade Minister Kim Hyun-chong signed free trade agreements with representatives from five Central American countries in Seoul on February 21. The five Central American ministers were El Salvadoran Economy Minister Tharsis Salomón López Guzmán, Honduran Minister of Economic Development Arnaldo Castillo, Costa Rican Minister of Foreign Trade Alexander Mora, Nicaraguan Minister of Development, Industry an date2018-02-21

Trade Minister signs Korea-Central America FTA in Seoul

Trade Minister Kim Hyun-chong (third from left) posed for a photo with ministers from five Central American countries at the signing ceremony of the Korea-Central America Free Trade Agreements (FTA) in downtown Seoul on February 21.During the ceremony, Trade Minister Kim signed free trade agreements with representatives from five Central American countries: El Salvadoran Economy Minister Tharsis Salomón López Guzmán, Honduran Minister of Economic Development Arnaldo Castillo date2018-02-21

ICT exports rise 28.1% to $17.7 billion in January

The Ministry of Trade, Industry and Energy announced on February 13 that exports of information and communication technology (ICT) goods rose 28.1 percent year-on-year to USD 17.7 billion in January.Exports of ICT goods saw double-digit growth for the 14th consecutive month since December 2016, while reaching a record-high for each respective month for 12 straight months.The double-digit growth in ICT exports was led by a 53.8 percent year-on-year increase in outbound shipments of semiconductors date2018-02-21

Automobile exports post double-digit growth in January

The Ministry of Trade, Industry and Energy announced on February 13 that automobile exports surged 10.4 percent to 196,835 vehicles from a year earlier in January.In terms of value, car exports grew 9 percent year-on-year to USD 3.2 billion, thanks to increased shipments to most regions, except North America and other Asian countries. This growth was supported by the growing popularity of compact sports utility vehicles (SUVs) and eco-friendly cars. The number of green vehicles shipped overseas date2018-02-19

Minister Paik convenes conference for cooperation with Saudi Arabia and UAE

Trade, Industry and Energy Minister Paik Ungyu (left) delivered opening remarks at a conference that was held to discuss the progress of economic cooperation with Saudi Arabia and the U.A.E. at the Korea Technology Center in Seoul on February 14.During the conference, Minister Paik highlighted the importance of continuous efforts in the energy and industry sectors to expand cooperation with Saudi Arabia and the U.A.E.The conference was attended by about 20 leaders in the energy, trade, and indus date2018-02-14

Industry Ministry to host world’s first robot ski tournament

Seoul, Korea - The Ministry of Trade, Industry and Energy announced on February 9 that the Ministry will host the “Edge of Robot: Ski Robot Challenge,” the world’s first robot ski tournament, at a ski resort in Hoengseong, Gangwon Province, on February 12. During the tournament, planned to be held on the sideline of the PyeongChang Winter Olympics, robots will participate in a race similar to giant slalom competitions, which involve skiing between gates. The robot skiers will date2018-02-09

Minister Paik chairs meeting with semiconductor, display industry leaders

Trade, Industry and Energy Minister Paik Ungyu (center) posed for a photo with leaders from the semiconductor and display industries at a meeting in Seoul on February 8.During the meeting, Minister Paik, corporate representatives, and professors discussed strategies to promote sustainable growth and development of the semiconductor and display industries.The meeting was attended by about 30 business leaders and academics, including Samsung Electronics Memory Business President Jin Gyoyoung, SK H date2018-02-08