Ministry of Trade, Industry and Energy

Minister Joo visits Wolseong nuclear power complex for safety check-up

Trade, Industry and Energy Minister Joo Hyunghwan (right) visited the Wolseong nuclear power complex located in Gyeongju, North Gyeongsang Province, for safety inspection of the facilities on September 13 after a magnitude 5.8 earthquake hit Gyeongju. During his visit, Joo was debriefed by a director from the Korea Hydro & Nuclear Power Co., the state-run operator of reactors nationwide, about the status of the manually suspended nuclear reactor unit 1 in the complex for the date2016-09-13

Korea wins WTO case against the US anti-dumping duties on Korean washers

The Ministry of Trade, Industry and Energy said in a press release on Sept 8 that the World Trade Organization's dispute settlement panel ruled in favor of Korea over the country's case against United States'  anti-dumping duties imposed on Korean washing machines on September 7, saying the United States' targeted dumping and zeroing methods were in violation of the WTO agreement.   The dispute over Korean washers began back in August 2013 when Korea filed a complaint ag date2016-09-08

Minister Joo meets with Canada’s speaker of the House of Commons

   Trade, Industry and Energy Minister Joo Hyunghwan (left) met with Geoff Regan, Canada’s Speaker of the House of Commons who is visiting Korea after participating G7 Speakers’ Consultation in Tokyo along with three representatives, Ginette Petitpas Taylor, Carol Hughes, Dianne Watts and Canadian Ambassador Eric Walsh on September 5. Joo shared his opinions on overall economic cooperation involving Korea-Canada FTA, technical cooperation in clean energy sector between two date2016-09-08

South Korean exports rebound in August

Exports: $ 40.1 Billion; Imports: $ 34.8 Billion; Trade Surplus: $ 5.3 Billion   The Ministry of Trade, Industry and Energy announced Wednesday that South Korea’s year-on-year exports rebounded in August, putting an end to the 18-straight-month fall.   The country’s outbound shipments rose 2.6 percent to $ 40.1 billion last month  from the same period a year ago mainly because of the extended working days. This was the first positive export growth since date2016-09-01

Vice Minister Woo delivers speech at Energy Tech Insight 2016

   Trade, Industry and Energy Vice Minister Woo Taehee delivered  a congratulatory remark and presented  Korea’s vision for new energy industry at the Energy Tech Insight (ETI) 2016, an international energy conference held at the COEX, southern Seoul, on August 30. Key speakers in the conference included lawmaker Jang Byung-wan, Korea Institute of Energy Technology Evaluation and Planning (KETEP) President Hwang Jin-tak, and Jean-François Gagné of the In date2016-09-01

Minister Joo attends 'hydrogen convergence alliance' opening ceremony

   Minister of Trade, Industry and Energy Joo Hyunghwan (second from left) attended the opening ceremony for the 'hydrogen convergence alliance'' in Seoul on August 24, along with  50 officials from government, local governments, and industry including Kim Yong-seok, director of the motor vehicles division at the Ministry of Land, Infrastructure and Transport, Oh Gyu-taek, and Ulsan Vice Mayor for Economic Affairs. The ceremony was held with an aim to “determine policy issu date2016-08-24

Minister Joo co-chairs the 13th AEM-ROK Consultations

Trade, Industry and Energy Minister Joo Hyunghwan (second from right) co-chaired the 13th ASEAN Economic Ministers-Republic of Korea Consultations in Vientiane, Lao PDR,  on August 4, 2016 (local time).  Co-hosted by Khemmani Pholsena, Minister of Industry and Commerce of Lao PDR,  Minister Joo discussed how to implement Korea-ASEAN FTA  with representatives of 10 ASEAN member countries. Joo shared his viewpoints on the industrialization of ASEAN countries and suppo date2016-08-04

Korean exports in July post USD 41 billion

Exports: $41.0 billion; Imports: $33.3 billion; Trade Surplus: $7.8 billion     The Ministry of Trade, Industry and Energy announced that South Korea’s exports fell 10.2 percent to $41.0 billion and imports decreased by 14.0 percent to $33.3 billion in July from a year earlier, resulting in a trade surplus, for the 54th consecutive month, of $ 7.8 billion.    Exports declined at a faster rate in July due to a reduced number of work days (-1.5 days) and fewer ship e date2016-08-03

Ministry, KEPCO to support EV operations during 2018 Pyeongchang Winter Olympics

The Ministry of Trade, Industry and Energy and state-run Korea Electric Power Corp. have recently signed an agreement with the Pyeongchang Organizing Committee to supply electric vehicles and charging stations during the 2018  Winter Olympics in Pyeongchang. The event was held  at the Plaza Hotel Seoul on July 26.     Under the agreement, KEPCO will buy around 220 electric vehicles and its power generation affiliates and KEPCO KDN will purchase over 6 date2016-07-29

Korea eyes overseas market with natural gas infrastructrue know-how

The Ministry of Trade, Industry and Energy held a ceremony to launch a task force that will be responsible for developing overseas markets for natural gas infrastructure  at the Korea Chamber of Commerce and Industry (KCCI)on July 21.     The task force is made up of construction companies, shipbuilders, shipping companies from the private sector, and Korea Gas Corporation, Korea Development Bank, Export-Import Bank of Korea, and Korea Trade Insurance Corporation, and KO date2016-07-27