Ministry of Trade, Industry and Energy

Minister Joo meets the Philippines’ Trade Secretary

Trade, Industry and Energy Minister Joo Hyunghwan (third from left) posed for a photo with the Philippines’ Secretary of Trade and Industry Ramon Lopez (third from right) during the first meeting of the Korea-Philippines Economic Cooperation Joint Committee in Manila, on February 13. Minister Joo and Secretary Lopez discussed the Regional Comprehensive Economic Partnership, a proposed free trade agreement between the 10 member states of the Association of Southeast Asian Nations (ASEAN) an date2017-02-14

Korea, Philippines seek stronger energy cooperation

Trade, Industry and Energy Minister Joo Hyunghwan (left) discussed with the Philippines’ Secretary of Energy Alfonso Cusi (second from right) bilateral cooperation in the energy sector during his visit to the Philippines’ Department of Energy in Manila on February 13. The two ministers agreed to create a “Korea-Philippines energy cooperation committee” and cooperate in various fields including power generation, transmission and distribution, and renewable energy.  M date2017-02-14

Minister Joo discusses economic cooperation with Singaporean Trade Minister

Trade, Industry and Energy Minister Joo Hyunghwan (left) shook hands with Singapore’s Minister for Trade and Industry Lim Hng Kiang at the “Korea-Singapore trade meeting” held in Singapore on February 10.  During his visit to the Ministry of Trade and Industry Singapore, Minister Joo discussed with Minister Lim, who chairs the Korea-ASEAN (Association of Southeast Asian Nations) Free Trade Agreement Implementation Committee, further trade liberalization under the Korea-AS date2017-02-14

Vice Minister Woo assures foreign investors of economic stability

Trade, Industry and Energy Vice Minister Woo Taehee (left) spoke at the “Roundtable for Foreign Investors” in central Seoul on February 13. This biannual meeting  between the government and foreign chambers of commerce and companies was held to inform foreign investors in Korea that the fundamentals of the Korean economy and the direction of economic policies are stable. Vice Minister Woo hosted the event for the first half of 2017, delivering a speech and answering questions fr date2017-02-13

Minister Joo attends launch of electric vehicle charging station in heart of Seoul

Trade, Industry and Energy Minister Joo Hyunghwan (left) checked out an electric vehicle charging equipment displayed in Yongsan Station in central Seoul, on February 9, during his visit to the station for the opening ceremony of the flagship downtown electric vehicle (EV) charging facility.  The EV recharging station with 21 chargers is located at the I’Park Mall that connects a hypermarket, a movie multiplex and a train station, and will allow EV drivers recharge their vehicles whi date2017-02-09

Minister Joo hosts 1st meeting of public-private committee for future of car industry

Trade, Industry and Energy Minister Joo Hyunghwan (center) hosted the first meeting of the public-private Automotive Industry Development Committee on February 7 in Seoul and discussed a range of strategies for the industry, especially for future car technologies.  The Ministry launched the committee to examine complex issues facing the Korean automotive industry, which is at a turning point, and discuss mid- and long-term strategies. Minister Joo emphasized in an opening remark that for date2017-02-07

Ministry launches policy control tower for future of car industry

The Ministry of Trade, Industry and Energy announced on February 7 that Trade, Industry and Energy Minister Joo Hyunghwan hosted the first meeting of the public-private ``Automotive Industry Development Committee'' in Seoul and discussed a range of strategies for the industry that is at a turning point.   The Ministry launched the committee to examine complicated issues facing the Korean automotive industry and discuss mid- and long-term strategies, especially for future car technologies. date2017-02-07

Ministry announces measures to improve battery, smartphone safety

The Ministry of Trade, Industry and Energy (MOTIE) has concluded through its own investigation that the battery problem in manufacturing processes may have caused fires in Samsung Electronics’ Galaxy Note 7 smartphone, it said in a press release on Monday. In its efforts to prevent the recurrence of similar accidents and to enhance protection of consumers, the Ministry will strengthen the safety rules for new technology-based lithium-ion batteries in the phrase of production and as well date2017-02-06

Ministry, think tanks discuss 'New Trade Roadmap'

The Ministry of Trade, Industry and Energy announced on February 1 that Trade, Industry and Energy Vice Minister Woo Taehee hosted this year’s second meeting of the ‘trade policy forum’ to hear major think tanks’ opinions on the upgrading of the “New Trade Roadmap” in response to the changing trade environment.   The ‘trade policy forum’ provides a platform for Trade Ministry officials and representatives from industry and academia to regula date2017-02-01

Minister Joo meets new Kuwaiti ambassador to Korea

Trade, Industry and Energy Minister Joo Hyunghwan (left) met the new Kuwait’s Ambassador to Korea Bader M. Al-Awadi (right) on February 1 at the Government Complex Seoul and discussed bilateral economic cooperation. Ambassador Al-Awadi presented his diplomatic credentials to Acting President Hwang Kyo-ahn on December 27, last year. Kuwait is one of the major exporters of crude oil to Korea.    date2017-02-01