Ministry of Trade, Industry and Energy

Trade Minister meets France's Minister Delegate for Foreign Trade & Economic Attractiveness

Minister for Trade Inkyo Cheong met with Franck Riester, France’s Minister Delegate for Foreign Trade, Economic Attractiveness, Francophonie and French Nationals Abroad, on May 2 on the margins of the OECD MCM 2024 in Paris and discussed bilateral cooperation in trade, investment, carbon-free energy, and multilateral cooperation. date2024-05-07

Trade Minister discusses investment collaboration with global companies on margins of OECD MCM 2024

Minister for Trade Inkyo Cheong met with representatives of global companies on May 2 on the sidelines of attending the Organization for Economic Cooperation and Development (OECD) Ministerial Council Meeting (MCM) 2024 in Paris to discuss cooperation in areas like investment, future mobility, and aviation. He also met with Korean firms operating in the French market to discuss measures for promoting exports in conjunction with the Paris 2024 Olympics.   With a Dutch green bio company, Trade Minister Cheong discussed the company’s decision to establish a manufacturing plant in Korea and expressed his hopes for the investment to serve as an important milestone in Korea’s green bio industrial growth, viewing that local job creation and exports will substantially contribute to the Korean economy.   In Paris, the trade chief also met with a number of companies like NXP, Renault, Airbus, OPmobility, Thales, and Soitec to review investment progress and discuss measures for further cooperation. To NXP and Renault management, he asked, respectively, the prospects of an automobile semiconductor R&D center and electric vehicle (EV) production plant for investment collaboration in advanced industries.   Trade Minister Cheong also held a meeting with Korean businesses operating in Paris to discuss marketing strategies and export assistance to push in conjunction with the Paris 2024 Olympics. He then visited Fnac Darty, the largest French retailer of home appliances, and inspected the Korean home appliance companies’ local market presence in France. date2024-05-03

Trade Minister attends Session 2 of OECD MCM 2024

Minister for Trade Inkyo Cheong attended the Organization for Economic Cooperation and Development (OECD) Ministerial Council Meeting 2024 Session 2 on May 2 at the OECD headquarters in Paris and discussed measures for free trade and investment to accelerate sound economic growth. date2024-05-03

Trade Minister meets OECD Secretary-General

Minister for Trade Inkyo Cheong met OECD Secretary-General Mathias Cormann on May 2 in Paris to discuss measures for stronger Korea-OECD bilateral cooperation. date2024-05-03

Trade Minister holds roundtable with French investors

Minister for Trade Inkyo Cheong attended a roundtable with French investors on May 2 in Paris and discussed investment cooperation measures with representatives of OPmobility, Airbus, and other automobile and aviation firms. date2024-05-03

Trade Minister meets Renault's International Affairs VP

Minister for Trade Inkyo Cheong met with Bruno Vincent, Vice President of International Affairs at Renault, on May 2 in Paris to discuss measures for cooperation on EV production facility investment. date2024-05-03

Trade Minister visits home appliance retailer Fnac Darty

Minister for Trade Inkyo Cheong visited France’s largest home appliance retailer Fnac Darty on May 2 to inspect Korean home appliance companies’ market presence in France. date2024-05-03

Trade Minister meets with Korean firms operating in Paris

Minister for Trade Inkyo Cheong held a conference with Korean firms operating in Paris on May 2 at Novotel Paris to discuss measures for global marketing strategies and export assistance in conjunction with the Paris 2024 Olympics. date2024-05-03

Trade Minister discusses investment with NPX's EVP

Minister for Trade Inkyo Cheong met with NPX’s Executive Vice President and Chief Strategy Officer Maarten Dirkzwager on May 1 at NPX Headquarters in the Netherlands to discuss investment prospects of strengthening automobile semiconductor supply chain cooperation and R&D center establishment. date2024-05-03

Trade Minister attends OECD MCM 2024 to discuss sustainable growth

Minister for Trade Inkyo Cheong is attending the Organization for Economic Cooperation and Development (OECD) Ministerial Council Meeting 2024 from May 2–3 at the OECD headquarters in Paris as the Co-Chief Delegate of the Korean delegation, jointly led by the Economy and Finance 1st Vice Minister.   The ministerial meetings are to be held over a two-day period in the attendance of representatives from 38 member countries and international organizations, including the World Trade Organization (WTO) under the theme of “Co-creating the Flow of Change: Leading Global Discussion with Objective and Reliable Approach towards Sustainable Growth.”   Trade Minister Cheong will be participating in “Session 2: Promoting Free and Fair Trade and Investment for Accelerating Sound Economic Growth - A Rules-based, Free and Fair International Economic Order,” articulating the Korean government’s major policies and measures for international joint efforts with regard to enhancing inclusiveness and sustainability of free trade and establishing bilateral and multilateral norms and standards for protecting the free trade system amid the rapidly changing trade environment.   In “Session 5: Credible Pathways Towards Sustainable and Inclusive Growth Under the Interlinked Global Crises” to be held on Day 2, he plans to introduce the Carbon Free Energy (CFE) Initiative and other measures proposed by the Korean government for overcoming crises, promoting inclusiveness for stakeholders, and cooperating with the OECD in view of climate change, shrinking biodiversity, and environmental pollution.   On the sidelines of the Council Meeting and sessions, the trade chief will attend the WTO trade ministers’ meeting to highlight the importance of the WTO reform, while also holding bilateral talks with counterparts of other countries. date2024-05-03