Ministry of Trade, Industry and Energy

Vice Minister greets his Saudi Arabian counterpart

Vice Minister for Industry and Technology Yoon Sang-Jick greets his Saudi Arabian counterpart, Vice Minister of Economy and Planning Ahmed I. Al Hakami, on October 18 in Gwacheon. The two officials exchanged views on bilateral cooperation involving energy, construction, plants, industry and knowledge sharing. date2011-10-31

Vice Minister attends Smart Korea 2011

Vice Minister for Industry and Technology Yoon Sang-Jick speaks at Smart Korea 2011 on October 12 in Ilsan. As Korea’s biggest annual IT event, the conference drew close to 1,000 participants. date2011-10-25

Retail Sales Figures for September

date2011-10-20

Korea, U.S. Embark on Clean Energy Partnership

Minister of Knowledge Economy Choi Joong-Kyung recently traveled to the United States to accompany President Lee Myung-bak on a state visit. While there, Minister Choi met with U.S. Secretary of Energy Steven Chu and signed an Implementing Arrangement establishing a clean energy research and technology partnership between the two countries. The deal defines a framework for practical research and development cooperation, leveraging Korea’s technological competitiveness as well as the U.S. side’s worldrenowned expertise in the energy sector. Now that it is in place, Korea and the United States will promote joint R&D projects and exchange information, personnel and equipment. The scope of bilateral cooperation will include energy efficiency, renewable energy, smart grid technology, green transportation, carbon capture and storage, and energy storage systems. “With this ground-breaking Arrangement, Korea and the United States have launched a new era of economic and industrial partnerships,” said Minister Choi. * Released by the Americas Division and the Energy Technology Division date2011-10-20

Korea Sets Emissions Reduction Targets for Businesses

* Released by the Energy Efficiency Policy Division date2011-10-13

MKE Releases Car Sales Figures for September

MKE Releases Car Sales Figures for September The Ministry of Knowledge Economy has released its car sales figures for September. Thanks to strong production, domestic sales and exports, the Korean automobile market maintained positive growth.     Consistent growth of domestic sales and solid outbound shipments led to a 10.3 percent year-on-year increase in production to 374,014 vehicles. Sales of imported cars jumped 25.3 percent and domestic car sales climbed 3.8 percent due to gr date2011-10-12

IT Trade Figures for September

date2011-10-07

Vice Minister Meets with Indian Counterpart

Vice Minister Meets with Indian Counterpart Vice Minister for Industry and Technology Yoon Sang-Jick (fourth from left) meets with his Indian counterpart, Secretary to the Department of Chemicals and Petrochemicals Jose Cyriac (second from left), on October 5 in Seoul. The two officials shared ideas about how to develop the chemical industry. date2011-10-07

Trade Figures for September

* Released by the Export and Import Division date2011-10-04

Trade Conference Anticipates Milestone

Minister of Knowledge Economy Choi Joong-Kyung addresses representatives of the Korea International Trade Association and the Peterson Institute for International Economics in Seoul on September 26. The two-day conference, which drew nearly 200 participants, was held to forge a new direction for Korea now that the nation is expected to reach the milestone of $1 trillion in annual trade. date2011-09-30