Ministry of Commerce, Industry and Energy
Encyclopedia
The Ministry of Knowledge Economy (MKE) is a branch of the South Korea
n government. It is concerned with regulating some economic policy
, especially with regard to the industrial and energy sectors. The ministry also works to encourage foreign investment in Korea. The headquarters are located in the national government complex in Gwacheon
, Gyeonggi Province. The current minister is Choi Kyung Hwan.
The ministry began in 1948 as the Ministry of Commerce in the First Republic
. In 1993 it was merged with the Ministry of Energy, established in 1977. It received its current name in 2008.
, the Presidential Council on Nation Branding
, and the Ministry of Knowledge Economy, this project aims itself to be the go to place in order to find information about Korea’s most innovative technology, design and business. Please stop by the blog (www.advancedtechnologykorea.com), Facebook (www.facebook.com/advancedtechKOR) and twitter (@advancedtechkr) to get connected. Already recognized in the industry as a prominent leader of IT, South Korea wants to share with the rest of the world the dynamic and various technology and design that this small but mighty Eastern land has to offer. Our mission is to break past stereotypes and shed the old image that the world may have of Korea and uncover the colorful and future-forward quality of the advancements that are hidden within this nation.
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
n government. It is concerned with regulating some economic policy
Economic policy
Economic policy refers to the actions that governments take in the economic field. It covers the systems for setting interest rates and government budget as well as the labor market, national ownership, and many other areas of government interventions into the economy.Such policies are often...
, especially with regard to the industrial and energy sectors. The ministry also works to encourage foreign investment in Korea. The headquarters are located in the national government complex in Gwacheon
Gwacheon
Gwacheon is a city in Gyeonggi-do Province, South Korea. It lies close to Seoul in the heart of the Seoul National Capital Area, and also lies just east of Anyang...
, Gyeonggi Province. The current minister is Choi Kyung Hwan.
The ministry began in 1948 as the Ministry of Commerce in the First Republic
First Republic of South Korea
The First Republic of South Korea was South Korea's first independent government, ruling the country from 1948 to 1960. It succeeded USAMGIK, the United States military government, which ruled the area from 1945 to 1948. The First Republic was established on August 15, 1948, with Syngman Rhee as...
. In 1993 it was merged with the Ministry of Energy, established in 1977. It received its current name in 2008.
Advanced Technology and Design KOREA
Project Advanced Technology and Design Korea. Sponsored by KOTRAKOTRA
In Korea, KOTRA was established in 1962 as a national trade promotion organization. Since then, it has facilitated Korea's rapid export-led economic development through various trade promotion activities such as overseas market surveys and business matchmaking...
, the Presidential Council on Nation Branding
Presidential Council on Nation Branding, Korea
The Presidential Council on Nation Branding, Korea was established on January 22, 2009 by Executive Decree 21283 with the objective to promote Korea’s global image; to right misconceptions about Korea, its culture, its products, and its people; and to raise respect for Korea so as to support...
, and the Ministry of Knowledge Economy, this project aims itself to be the go to place in order to find information about Korea’s most innovative technology, design and business. Please stop by the blog (www.advancedtechnologykorea.com), Facebook (www.facebook.com/advancedtechKOR) and twitter (@advancedtechkr) to get connected. Already recognized in the industry as a prominent leader of IT, South Korea wants to share with the rest of the world the dynamic and various technology and design that this small but mighty Eastern land has to offer. Our mission is to break past stereotypes and shed the old image that the world may have of Korea and uncover the colorful and future-forward quality of the advancements that are hidden within this nation.
See also
- Government of South KoreaGovernment of South KoreaThe Government of South Korea is divided into executive, judicial, and legislative branches. The executive and judicial branches operate primarily at the national level, although various ministries in the executive branch also carry out local functions. Local governments are semi-autonomous, and...
- List of government agencies of South Korea
- Economy of South KoreaEconomy of South KoreaSouth Korea has a market economy which ranks 15th in the world by nominal GDP and 12th by purchasing power parity , identifying it as one of the G-20 major economies. It is a high-income developed country, with a developed market, and is a member of OECD...