Ministry of Trade Industry and Resources

MOTIE Starts English Facebook, Twitter, Flickr

Those who “Like” the MOTIE’s Facebook, “Follow” its Twitter or visit its Flickr page will receive updates on the ministry’s latest news and events as well as other useful and insightful information related to South Korea. You can visit and join the MOTIE’s new English SNS pages at: O Facebook : https://www.facebook.com/MOTIEKoreaEng O Twitter : https://www.twitter.com/MOTIEKoreaEng O Flickr : https://www.flickr.com/photos/MOTIEKoreaEng ● Attachments (Picture): 1.MOTIE English Facebook; 2. Twitter; 3. Flickr Attachment 1: MOTIE English Facebook (https://www.facebook.com/MOTIEKoreaEng) Attachment 2: MOTIE English Twitter (https://www.twitter.com/MOTIEKoreaEng) Attachment 3: MOTIE English Flickr (https://www.flickr.com/photos/MOTIEKoreaEng) date2014-09-22

MOTIE Minister attends 11th Korea-ASEAN Economic Ministers Meeting

On August 26, 2014, Yoon Sang-jick, Minister of Trade, Industry & Energy participated in the 11th Korea-ASEAN Economic Ministerial Level Talk Meeting and the 17th ASEAN+3 Economic Ministerial Meeting. In the meeting, member nations exchanged in-depth discussions in terms of additional trade liberalization and the increased utilization of KOR–AEASN FTA before the launch of the ASEAN Economic Community in 2015.       date2014-09-03

Reducing the burden on companies in the Foreign Investment Zone by half

Promotion Division (044- 203-4083) date2014-08-28

In-depth discussions to be held with ASEAN nations on trade liberalization and cooperation measures

Minister of Trade, Industry & Energy Yoon Sang-jick will be participating in the Fourth Economic Ministers Meeting of the Association of South-East Asian Nations (ASEAN) (KOR-ASEAN․ASEAN+3, Regional Comprehensive Economic Partnership (RCEP) and East Asia Summit (EAS), which will be held in Nay Phy Taw, Myanmar for two days starting on August 26. The KOR–ASEAN Economic Ministers Meeting will provide a venue for in-depth discussions of measures for the additional liberalization and the date2014-08-28

Root Companies Will Easily Recruit Foreign Students

date2014-08-14

Results of the 8th round of the Korea-New Zealand FTA negotiation

date2014-08-11

Korea’s Car Industry Recorded Growth in Finished Goods Production, Domestic Sales, Exports and Parts Shipment

* (JD Power, US, July 23) Hyundai Motor Company topped the 2014 APEAL (IDSA, July 22), while the KIA Soul won a Silver Prize at the IDEA Awards in 2014 ** (July 1, 2014, passenger vehicles) Larger than 1,500cc: 2.0%→0% / 1,500cc or below: 5.0%→3.3% The industry also recorded its highest-ever monthly exports of car parts, at USD 2.47 billion, thanks to robust exports to the US and China, Korea’s largest export destinations. ○ Jul 2014 - Production : 409.283 - Domestic Sales : 146,226 - Domestic Cars : 128,114 - Imported Cars : 18,112 - Exports : 266,741 - (Amount) : 43.0 - Car Parts : 24.7 ○ Month-on-Month - Production : 7.6 - Domestic Sales : 4.5 - Domestic Cars : 5.0 - Imported Cars : 1.7 - Exports : 3.2 - (Amount) : 5.4 - Car Parts : 17.2 ○ Year-on-Year - Production : 22.4 - Domestic Sales : 4.0 - Domestic Cars : 1.9 - Imported Cars : 21.1 - Exports : 16.0 - (Amount) : 20.8 - Car Parts : 12.6 ○ Jan through Jul 2014 - Production : 2,751,825 - Domestic Sales : 953,289 - Domestic Cars : 840,914 - Imported Cars : 112,375 - Exports : 1,866,624 - (Amount) : 297.7 - Car Parts : 158.7 ○Year-on-Year - Production : 5.1 - Domestic Sales : 6.8 - Domestic Cars : 4.7 - Imported Cars : 25.6 - Exports : 2.6 - (Amount) : 6.0 - Car Parts : 5.6 date2014-08-08

Korea’s ICT Exports Continue to Show Robust Growth in the 2nd Half of 2014

date2014-08-07

Export and Import Trends for July of 2014

In 2014, prompted by the recovery of the advanced economies, Korea recorded an export growth and the largest ever import growth. * Export growth rate (%): ('14.3) 3.7 → (4) 8.9 → (5) -1.4 → (6) 2.5 → (7) 5.7 * Import growth rate (%): ('14.3) 3.6 → (4) 5.0 → (5) 0.3 → (6) 4.1 → (7) 5.8 Exports to the US (petrochemicals and mobile devices) and EU (automotive and mobile devices) grew thanks to the recovery of the advanced economies, and exports to Japan in particular (oil products and steel) saw a turnaround towards growth over the three months. Imports of raw materials, capital goods and commodities grew, with raw materials leading the import growth. Among raw materials (61% of Korea’s imports), imports of crude oil (unit price hikes) and oil products (naphtha and bunker fuel oil C) grew. Among capital goods (28% of Korea‘s imports), imports of equipment for semiconductor manufacturing, car parts and parts for mobile devices grew. Among commodities (11% of Korea‘s imports), automotive imports conspicuously grew. Korea’s exports continued to grow in July thanks to robust exports to the advanced economies, although the fact that exports to China have declined for three consecutive years is worrying. As a matter of urgency, government bodies will be working together to respond to the slowdown in exports to China. It is expected that Korea’s exports will continue to grow thanks to the recovery of the advanced economies. date2014-08-04

Development of a Fully Fledged Robotics Industry through Convergence with Other Industries

The 1st Vice Minister for Industry in the Ministry of Trade, Industry and Energy said, “In order to develop the Korean robotics industry into a key industry, we need to secure core technology and increase the demand for robots within the business and service models of other industries. The government will provide intensive support.” Before announcing the 2nd master plan, the Ministry of Trade, Industry and Energy, released the following results of the 2013 robotics industry survey (July 2014, Korea Institute for Robot Industry Advancement). ▴Domestic robotics market (production): KRW 2.1 trillion in 2012 → KRW 2.2 trillion in 2013 (up 4.1%) ▴Robotics exports: KRW 595.3 billion in 2012 → KRW 737.6 billion in 2013 (up 23.9%) ▴Number of robotics businesses: 368 in 2012 → 402 in 2013 (up 9.2%) ▴Number of jobs in the robotics industry: 10,515 in 2012 → 11,478 in 2013 (up 9.2%) date2014-07-28