Ministry of Trade, Industry and Energy

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

Minister Joo hosts `Alliance for New Energy Business Conversion' meeting

Trade, Industry and Energy Minister Joo Hyunghwan (second from left) hosted the “Alliance for New Energy Business Conversion'' meeting with officials from state-run energy companies like Korea Electric Power Corp., financial institutions and private new energy business operators, including Hyundai Motor Group and Hanwha Group at the Plaza Seoul on July 22. The meeting was designed  to help exchange views on how to develop overseas projects in the new energy business sector. date2016-07-22

Minister Joo makes on-site trip to power plant to inspect power supply in summer

Trade, Industry and Energy Minister Joo Hyunghwan (center) made an unexpected on-site visit in the afternoon of July 15 to the headquarters of West Incheon/New Incheon Power Plant in order to ensure a stable supply of electricity during the high-demand summer season and flawless operation of the facilities. He asked the power plant staff to do their best to provide electricity to businesses and households in the area without glitches or accidents during the summer peak season, and expressed his date2016-07-16

Vice Minister Woo co-chairs new energy industry council meeting

   Trade, Industry and Energy Vice Minister Woo Taehee (second from right) co-chaired the 11th meeting of the new energy industry council in Seoul on July 15, with more than 30 energy industry leaders  including professor Kim Hee-jip of Seoul National University participating. The council discussed key issues for the development of the new energy industry. The Vice Minister said the government will promote the energy big data industry and accelerate efforts to ease regu date2016-07-15

Vice Minister Lee attends inaugural meeting of LNG Bunkering Industry Association

Trade, Industry and Energy Vice Minister Lee Kwan-sup attended the inaugural meeting of the LNG Bunkering Industry Association with other industry leaders including Lee Seung-hoon, CEO of Korea Gas Corporation and representatives from 21 member companies in shipbuilding, energy, shipping, and other related sectors in Seoul on July 15. In his opening remarks, Vice Minister Lee asked the association to play a leading role in helping Korea’s shipbuilding and shipping industries become gl date2016-07-15

Korea-Colombia FTA set to go into effect

The Ministry of Trade, Industry and Energy announced that the Korea-Colombia FTA will go into effect at midnight on July 15, 2016 and Colombian tariffs on 4,390 Korean  products will be removed and 2,797 items will see lowered tariffs.    In addition, Colombia, not a signatory to the Government Procurement Agreement (GPA), agreed to open the government procurement, granting Korea access to the USD 42.6 billion (48.3  trillion  won ) market. The Korean government pla date2016-07-14

Minister Joo holds talks with former Chilean president

 Trade, Industry and Energy Minister Joo Hyunghwan (left) met former Chilean President Eduardo Frei in Seoul on July 12 to exchange views  on how to further promote economic cooperation between the two countries by seeking improvements in such areas as the bilateral trade pact, the Pacific Alliance, and the Trans-Pacific Partnership.     date2016-07-12

Korea, Saudi Arabia to host investment and cooperation committee meeting in 2nd half

Trade, Industry and Energy Minister Joo Hyunghwan met with his Saudi counterpart Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia, in Seoul on July 1, 2016 to discuss issues of the global petroleum market and ways to expand economic and business cooperation between the two countries.   During the meeting, Minister Joo stressed the importance of Saudi Arabia for the country’s economic development and trade growth. Saudi Arabia is the largest oil suppl date2016-07-12

Minister Joo speaks at G20 Trade Ministers’ Meeting

  Trade, Industry and Energy Minister Joo Hyunghwan spoke at the G20 Trade Ministers’ Meeting at the Shangri-La Hotel, Shanghai, on July 10. At the meeting, Minister  stressed the G20 member countries need to work closer to boost trade despite growing protectionism.   date2016-07-11