Ministry of Trade, Industry and Energy

MOTIE holds investment declaration ceremony

Trade, Industry and Energy Minister Bang Moon Kyu received $940 million worth of investment declarations from five global companies specializing in carbon neutrality (B.Grimm Power, Ocean Winds), quantum computing mixed facilities (Hines), future mobility (Renault Korea Motors), and semiconductors (TOK Advanced Materials Co.) on November 7 at BEXCO in Busan during the Invest KOREA Summit, in the attendance of Prime Minister Han Duck-soo.   date2023-11-09

Minister Bang meets with Trinidad and Tobago's Foreign & CARICOM Affairs Minister

Trade, Industry and Energy Minister Bang Moon Kyu met with Amery Browne, Trinidad and Tobago's Minister of Foreign and CARICOM Affairs, on November 2 in Trinidad and Tobago to deliver President Yoon Suk Yeol’s handwritten letter and discussed measures for expanding cooperation in trade, investment, shipbuilding and digital areas. date2023-11-09

Global companies pledge $940 mln investment into Korea at Invest Korea Summit 2023

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 7 that the nation’s largest investment promotion event, the Invest KOREA Summit, held that day at BEXCO in Busan drew in approximately USD 940 million (KRW 1 trillion) worth of investments into Korea. Prime Minister Han Duck-soo attended the investment declaration ceremony held during the Summit, where five global companies pledged investments of $940 million into Korea and submitted declarations to MOTIE Minister Ba date2023-11-08

CIIE 2023 draws 212 Korean companies with eye on Chinese market

Trade, Industry and Energy Ministry's Deputy Minister for Trade Yang Byeong-nae attended the China International Import Expo 2023 (6th CIIE) held through November 5-10 in Shanghai, in which a total of 212 Korean companies are participating. Hosted by the Chinese government with aim to further open China’s markets and enhance imports, CIIE has been held on an annual basis since its first launch in 2018. Chinese local governments, as well as both state-owned and private companies have parti date2023-11-07

Invest Korea Summit 2023 launched in Busan

The Ministry of Trade, Industry and Energy (MOTIE) is hosting the Invest KOREA Summit (IKS) 2023 through November 6-8 in Busan. As Korea’s largest foreign investment promotion event, IKS this year is to draw approximately 1,500 participants from both Korean and overseas companies, Chambers of Commerce, Government ministries and local government bodies. The Korean government plans to not only share the investment outcomes achieved thus far, but also present a vision of nurturing Korea into date2023-11-06

Korea and Ireland discuss cooperation in trade and investment

Minister for Trade Dukgeun Ahn met Simon Coveney, Ireland’s Minister for Enterprise, Trade and Employment, on November 2 at the Plaza Hotel Seoul and discussed measures for expanding trade and facilitating investment between the two countries. date2023-11-06

Minister meets with Chile's Foreign Affairs Minister Alberto van Klaveren

Trade, Industry and Energy Minister Bang Moon Kyu visited Chile as Special Presidential Envoy and held talks on October 31 with Chilean Foreign Affairs Minister Alberto van Klaveren and delivered President Yoon Suk Yeol’s handwritten letter, proposing that the two countries build a new partnership for shared future prosperity based on the 60 plus years of diplomatic relations. date2023-11-03

Minister attends Korea-Chile Business Roundtable

Trade, Industry and Energy Minister Bang Moon Kyu attended the Korea-Chile Business Roundtable on October 30 in Chile, which was co-organized by KCCI and the Chilean Federation of Industry (SOFOFA) for discussions on comprehensive and strategic industrial cooperation, and attended by 60 key business figures of both countries. date2023-11-03

Minister discusses cooperation with Chile’s Economy, Development and Tourism Minister

Trade, Industry and Energy Minister Bang Moon Kyu met Chile’s Economy, Development and Tourism Minister Nicolas Grau on October 30 in Chile to discuss lithium, critical minerals, hydrogen, trade and investment cooperation measures. date2023-11-03

MOTIE launches Trade and Technology Security Forum

Minister for Trade Dukgeun Ahn presided the first meeting of the Trade and Technology Security Forum, which was launched on October 31 at the Westin Josun Seoul and composed of 13 top experts of relevant academia and industries. As economic security issues are increasingly becoming more and more of a daily concern amid the rising geo-economic risks and supply chain uncertainties, there is a growing need to seek out a strategy for assessing the external and internal situation and minimizing trad date2023-11-02