MOCIE policy roadmap for 2006

Seoul--(뉴스와이어)--The Ministry of Commerce, Industry and Energy (MOCIE) announced policy initiatives for 2006 to build strong industrial bases and foster a favorable business environment, as Korea seeks to become a leading industrial power and the world’s 8th largest trading nation.

In a press briefing earlier in the week, Minister of Commerce, Industry and Energy Chung Sye-Kyun said that the Ministry would pursue policy objectives that focus on maintaining strong exports and stimulating domestic economy. Minister Chung also stressed the need to address the issue of polarization such as a widening gap between conglomerates and small and medium enterprises (SMEs).

The five policy initiatives are:
1) To stimulate the real economy;
2) To foster a pro-business environment by encouraging corporate R&D activities and further promoting regional growth;
3) To nurture core industries;
4) To secure a stable energy supply; and
5) To facilitate global business activities by enhancing efforts to not only attract foreign investment but also to encourage Korean companies to invest overseas.

To stimulate the local economy, the Ministry will encourage companies to increase facilities investment as well as set up legal frameworks to consolidate cooperation between large and small businesses.

In addition, efforts will be made continuously to nurture the nation’s future growth engines by strengthening the competitiveness of major industries including automobiles, shipbuilding and semiconductors. In particular, the government will promote high-tech sectors such as the robot industry and biotechnology.

On the energy front, the Korean government will continue to pursue plans for a smooth shift to a hydrogen economy. Last year, the government devised a master plan under which Korea would make a transition from a fossil fuel-based economy into a cleaner hydrogen-based one. According to the master plan, the government will be steadily committed to developing new and renewable energy sources including wind power, solar power, and hydrogen fuel cells.

웹사이트: http://www.mocie.go.kr

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