Ministry of Trade Industry and Resources

Minister Moon attends Local Win-Win Job Creation Signing Ceremonies

Trade, Industry, and Energy Minister Moon Sung-wook attended Win-Win Job Creation Signing Ceremonies held January 27 in Nonsan-si of Chungnam, and Jeonju-si and Iksan-si of North Jeolla Province where each region's labor, management, government, and community representatives came together to sign the Local Win-Win Job Creation Agreement. Pursued under the Special Act on Balanced National Development, the Local Win-Win Job Creation Agreement aims to create local jobs and stimulate investment bas date2022-01-28

Minister Moon attends Local Win-Win Job Creation Signing Ceremonies

Trade, Industry, and Energy Minister Moon Sung-wook attended Win-Win Job Creation Signing Ceremonies held respectively in Nonsan-si of Chungnam, and Jeonju-si and Iksan-si of North Jeolla Province where each region's labor, management, government, and community representatives came together to sign the Local Win-Win Job Creation Agreement. Pursued under the Special Act on Balanced National Development, the Local Win-Win Job Creation Agreement aims to create local jobs and stimulate investment b date2022-01-28

Korea's 2021 retail sales advance 11.3 percent as both online and offline sales increase

The Ministry of Trade, Industry and Energy announced on January 27 that Korea’s annual retail sales in 2021 advanced 11.3 percent compared to 2020, thanks to strong online sales (up 15.7 percent). Brick-and-mortar sales also expanded by 7.5 percent.   The Ministry releases monthly retail sales figures based on surveys of 25 major retailers, 13 of which are brick-and-mortar retailers: three department store chains, three hypermarket chains, three convenience store chains, and four SS date2022-01-27

Minister Moon attends completion ceremony of Korea's largest solar plant

Trade, Industry, and Energy Minister Moon Sung-wook visited the completion ceremony of Sinan Solar Power Plant located in Sinan-gun, South Jeolla Province on January 26. Currently Korea’s largest (150MW) in scale, the Sinan Solar Power Plant is a KRW 319.6 billion project with the participation of public power company Korea South-East Power Co. and domestic solar power company Topsun.   As part of the ceremony, Minister Moon presented certificates of commendation to 5 persons of mer date2022-01-27

Korea's largest solar power plant starts commercial operation

Trade, Industry, and Energy Minister Moon Sung-wook attended the completion ceremony of Sinan Solar Power Plant located in Sinan-gun, South Jeolla Province on January 26.  The Sinan Solar Power Plant is a KRW 319.6 billion project with the participation of public power company Korea South-East Power Co. and domestic solar power company Topsun. It is the largest (150MW) solar power plant complex in Korea, built on saline wasteland with abundant sunlight, generating 209.7GWh of power per ann date2022-01-26

Energy Vice Minister visits ESS facilities for emergency safety inspection

Energy Vice Minister Park Ki-young visited the Daeseon Solar Power Plant located in Wonju-si, Gangwon Province on January 25 to promote the inspection of safety systems and prevention of safety accidents regarding ESS equipment and facilities, in view of the recent fires. During the visit, Minister Park received an update and briefing of ESS safety management status and related challenges on-site before touring the ESS facilities and encouraged site personnel to keep up their hard work. date2022-01-26

The 4th Korea-China Ministerial Dialogue on Industrial Cooperation

Trade, Industry, and Energy Minister Moon Sung-wook presided a meeting with China’s Industry and Information Technology Minister Xiao Yaqing at the Sejong Government Complex on January 25 to discuss furthering of measures for mutual cooperation. Minister Moon noted how Korea and China, on the strong foothold of FTA, both recorded historic trade achievements in 2021 even in the face of prolonged COVID-19 pandemic and ensuing global economic challenges. He stated that this meeting will play date2022-01-26

Vice Minister attends 1st Balanced National Development Day Ceremony

Trade, Industry and Energy 1st Vice Minister Park Jin-kyu attended the 1st Balanced National Development Day Ceremony held at Sejong City Hall on January 25. The event was held to honor the Balanced National Development Day, which has been designated to be on January 29th of every year according to the Special Act on Balanced National Development and its revised enforcement decree. The ceremony commenced with a progress report of balanced national development, then followed by video viewing, date2022-01-26

Cabinet passes National High-Tech Strategic Industries Special Act

Trade, Industry and Energy Minister Moon Sung-wook announced at the 5th Cabinet meeting held on Janaury 25 the passing of the legislative bill for the National High-Tech Strategic Industries Special Act.   The Special Act aims to nurture and protect Korea’s high-tech strategic industries for building national and economic security as well as gaining high-tech competitiveness, and its details are as follows:   1) Form a National High-Tech Strategic Industries Committee un date2022-01-25

Korea and GCC sign joint statement for resuming FTA negotiations

Trade Minister Yeo Han-koo and the Gulf Cooperation Council Secretary General Nayef Falah M. Al-Hajraf signed a joint statement on January 19 at the Secretariat General of the Gulf Cooperation Council in Riyadh, under which Korea and GCC will resume talks to settle a formal FTA deal, which had been on hold since last negotiations in 2009. Minister Yeo noted the significance of this official declaration in view of global trade, which has currently been dampened from the COVID-19 pandemic as well date2022-01-21