Ministry of Trade, Industry and Energy

MKE Releases Car Sales Figures for 2012

MKE Releases Car Sales Figures for 2012 The Ministry of Knowledge Economy has released its car sales figures for 2012. Due to sluggish domestic demand and strikes at major automobile manufacturers, the nation’s car production declined 2.1 percent year on year to 4,558,160 vehicles. Exports rose 0.4 percent to 3,165,689 vehicles thanks to strong demand from the United States and emerging economies in Eastern Europe and Africa. Growing global economic uncertainties and rising fuel prices re date2013-01-11

Foreign Investment Figures for 2012

date2013-01-07

Trade Figures for 2012

date2013-01-03

Korea, China Seek Closer Investment Ties

Vice Minister for Trade and Energy Cho Seok hosted the 2012 Korea Investment Forum on December 17 in Beijing, China. Around 180 business leaders from the two nations attended the forum, which was held to strengthen investment ties in areas such as IT, displays, real estate and the gaming industry. date2013-01-03

Retail Sales Figures for November

The Ministry of Knowledge Economy has released its retail sales figures for the month of November. Although sales at the nation’s three major discount chains fell 1.7 percent year on year, the downward pace slowed as unseasonably cold weather raised demand for apparel, sporting goods and general goods. Spending on household appliances and cultural goods, household goods and food showed negative growth. Meanwhile, sales at the nation’s major department stores rose 9.1 percent from a year earlier, posting positive growth for the first time in six months. Spending on all categories saw an upward trend. The cold weather and discount sales in particular played role in boosting demand for seasonal items such as winter clothing and gloves. * Released by the Distribution and Logistics Division     date2012-12-28

Vice Minister Speaks at the Korea-Canada Natural Gas Forum

Vice Minister for Industry and Technology Yoon Sang-Jick delivers congratulatory remarks at the first Korea-Canada Natural Gas Forum on December 12 in Vancouver, Canada. The forum was arranged to expand bilateral collaboration in natural resources such as shale gas and natural gas. date2012-12-24

Vice Minister Meets Japanese Business Leaders

Vice Minister for Industry and Technology Yoon Sang-Jick stands with Japanese business leaders at the Business Roundtable held in Tokyo, Japan on December 10. The Vice Minister discussed ways to boost bilateral trade and investment ties in the parts and components sector. date2012-12-20

Korea, U.S. Open New Chapter in Investment Ties

Korea, U.S. Open New Chapter in Investment Ties Minister of Knowledge Economy Sukwoo HONG hosted the first Korea-US Investment and Trade Forum on December 7 in Washington, D.C. The event, jointly organized by the public and private sectors, aimed to boost bilateral ties between the two countries. At the forum, Minister Hong said, “the two countries should now work on expanding this successful partnership to include greater investment,” emphasizing the important role the Korea-U.S. F date2012-12-18

Korea, Vietnam Mark 20th Anniversary of Diplomatic Relations

Korea, Vietnam Mark 20th Anniversary of Diplomatic Relations Vice Minister for Trade and Energy Cho Seok attends the Vietnam-Korea Forum on Investment in Industrial Parks and Economic Zones on December 7 in Seoul. With around 250 government officials and business representatives from key areas in attendance, the Vice Minister celebrated the 20th anniversary of the establishment of diplomatic ties between Korea and Vietnam. date2012-12-17

Minister Talks on Future of Korean Industries

date2012-12-14