Ministry of Trade, Industry and Energy

Korea, Indonesia Discuss Trade and Investment

Korea, Indonesia Discuss Trade and Investment Vice Minister for Trade and Energy Cho Seok greets Mr. Chatib Basri, Chairman of the Indonesia Investment Coordinating Board, on July 4 at the Gwacheon Government Complex. Their discussion focused on economic, trade and investment ties between the two countries. date2012-07-16

MKE Releases Car Sales Figures for First Half of 2012

MKE Releases Car Sales Figures for First Half of 2012 The Ministry of Knowledge Economy has released its car sales figures for the first half of 2012. The nation’s car production figures rose 3.4 percent to 2,380,782 vehicles. Even amid global economic uncertainties, exports gained 10.4 percent to 1,700,364 vehicles. While outbound shipments to the United States and the European Union recorded a sharp increase, exports to the Latin American market contracted slightly. Meanwhile, high oil date2012-07-16

IT Trade Figures for First Half of 2012

date2012-07-12

Parts and Materials Industry Trade Figures for First Half of 2012

date2012-07-11

Korea, UAE Discuss Energy

date2012-07-06

Vice Minister Attends APEC Energy Ministerial Meeting

Vice Minister for Trade and Energy Cho Seok (sixth from left, back row) stands with energy ministers from 20 APEC member countries on June 25 in St. Petersburg, Russia. The 10th APEC Energy Ministerial Meeting focused on energy security and its role in achieving sustainable growth. date2012-07-06

Foreign Investment Figures for First Half of 2012

date2012-07-05

Korea to Enhance Investment Ties With Brazil

Korea to Enhance Investment Ties With Brazil Minister of Knowledge Economy Sukwoo HONG speaks at the Korea-Brazil Investment Forum on June 20 in São Paulo, Brazil. The Minister stressed the role of emerging nations in overcoming the global financial crisis and his hopes of forging closer investment relations with Brazil. The forum drew 150 Brazilian investors and businesspeople. date2012-07-04

Trade Figures for First Half of 2012

date2012-07-04

Korea to Hold Nationwide Blackout Drill

The Ministry of Knowledge Economy conducted its first-ever nationwide blackout drill on June 21 to test Korea’s emergency response capabilities in the event of a summer power outage. The 20-minute drill started at 2 p.m., the time of day when demand for electricity is at its peak. MKE asked citizens to participate voluntarily in the exercise to support the nation’s energy conservation efforts. The Ministry publicized guidelines on its website and social networking sites, as well as in television and radio public service announcements. Households and office buildings were encouraged to turn off unnecessary lights and unplug small appliances and office equipment. Shopping centers and retailers joined the effort by setting air conditioners to higher temperatures and by shutting off automatic doors and air curtains. Industrial complexes adjusted their hours of operation and used their emergency power generators. Schools and other public institutions turned off the power except for essential safety equipment. During the drill, 28 pre-selected buildings in seven major cities turned off the electricity for 10 minutes to check their readiness for a power outage. Emergency response exercises were carried out at another 33 locations to determine how well subway stations, hospitals and elevator emergency crews could cope with a sudden blackout. After evaluating the outcome of the exercise, the Ministry will map out a comprehensive response plan in collaboration with other government bodies. * Released by the Electric Power Division date2012-06-25