Ministry of Trade, Industry and Energy

MOTIE officials visit 2017 Mobile World Congress

Trade, Industry and Energy Deputy Minister for Industrial Creativity and Innovation Toh Kyung-hwan (center) visited the Korea booth set up by the Korea Trade-Investment Promotion Agency at the 2017 Mobile World Congress at the Fira Gran Via in Barcelona, Spain, on February 27.  Deputy Minister Toh visited the booths of Korean companies including Samsung Electronics, LG Electronics, SK Telecom and Innopia Technologies as well as global corporations including Amazon, Google and BMW. During t date2017-02-27

Korea-UK trade working group discusses post-Brexit cooperation

The Ministry of Trade, Industry and Energy announced on February 24 that the Ministry and a delegation from the United Kingdom convened a first meeting of the Korea-UK Trade Working Group in Seoul to discuss bilateral economic cooperation after the UK’s exit from the European Union.   The first meeting of the working group, which was set up to ensure a continued and strengthened bilateral trade relations, was co-chaired by Director-General for FTA Negotiations and East Asia FTA Yoo date2017-02-24

Auto sales show signs of recovery in January

The Ministry of Trade, Industry and Energy announced on February 16 that domestic car sales and automobile part exports inched up in January while production and exports of vehicles declined due to fewer working days in the month,    Domestic car sales showed signs of recovery, advancing 0.2 percent to 123,575 vehicles in January from a year earlier thanks to the higher sales of vehicles produced in Korea.    The sales of domestically built cars climbed up 1.2 percent to date2017-02-16

ICT exports surge 16.7% in January

The Ministry of Trade, Industry and Energy announced on February 15 that exports of information and communication technology (ICT) products expanded 16.7 percent, the fastest pace in 44 months, to USD 13.8 billion in January from a year earlier on strong sales of semiconductors and displays.   Exports of ICT goods, which account for more than a third of Korea’s total exports, advanced for three consecutive month with a double-digit growth achieved in December and January.  &nb date2017-02-15

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