Ministry of Trade, Industry and Energy

Korea to remove "killer" regulations for industrial complexes

The Ministry of Trade, Industry and Energy (MOTIE) and the Ministry of Land, Infrastructure and Transport (MOLIT) announced measures to remove “killer” regulations on industrial complexes during a strategy meeting on August 24, with aim to get rid of regulations that hamper investment decisions. This is the first time in three decades that the Government is making extensive changes to the industrial complex management system. Major adjustments are as follows. First, the limit on b date2023-09-01

Korea holds symposium with top experts on WTO dispute settlement system reform

Minister for Trade Dukgeun Ahn chaired the international symposium for the reform of the dispute settlement system of the World Trade Organization (WTO) on August 31 at the Lotte Hotel Seoul.   In his welcome speech, Trade Minister Ahn said that Korea will actively participate in the discussions for the WTO to stay relevant in step with the changing world and fully play its role, starting with the reform of the dispute settlement system and moving onto other major functions of the organiz date2023-09-01

Korea holds symposium with top experts on WTO dispute settlement system reform

Minister for Trade Dukgeun Ahn chaired the international symposium for the reform of the dispute settlement system of the World Trade Organization (WTO) on August 31 at the Lotte Hotel Seoul. Top scholars on the topic, including Stanford Law School Professor Alan Sykes, Columbia Law School Professor Petros Mavroidis, Harvard Law School Professor Mark Wu, Professor Peter Van den Bossche from the University of Bern, Switzerland, and other experts gathered in Seoul to participate as either speaker date2023-09-01

Korea and Argentina discuss measures to bolster economic and trade cooperation

Minister for Trade Dukgeun Ahn met Argentine Foreign Minister Santiago Cafiero on August 31 at Four Seasons Hotel Seoul and discussed measures to advance the Korea-MERCOSUR trade agreement, establish a communication channel for Korea-Argentina trade and industrial cooperation, and to strengthen bilateral cooperation in critical minerals supply chain and hydrogen. date2023-08-31

Korea and Argentina discuss measures to bolster economic and trade cooperation

Minister for Trade Dukgeun Ahn met Argentine Foreign Minister Santiago Cafiero on August 31 in Seoul and discussed measures to advance the Korea-MERCOSUR trade agreement, establish a communication channel for Korea-Argentina trade and industrial cooperation, and to strengthen bilateral cooperation in critical minerals supply chain and hydrogen. The two countries’ trade leaders agreed on the need for stronger economic cooperation in trade and investment expansion, and decided to continue w date2023-08-31

Trade Minister Ahn and U.S. Senator Young discuss measures to strengthen cooperation

Minister for Trade Dukgeun Ahn met with U.S. Senator Todd Young of Indiana on August 30 at the Plaza Hotel Seoul and discussed measures for bolstering Korea-U.S. economic and trade cooperation, including issues on the Inflation Reduction Act (IRA) and the semiconductor industry developments. date2023-08-31

Trade Minister Ahn and U.S. Senator Young discuss measures to strengthen cooperation

Minister for Trade Dukgeun Ahn met with U.S. Senator Todd Young of Indiana on August 30 during the latter’s visit to Korea and discussed measures for bolstering Korea-U.S. economic and trade cooperation. Senator Young is one of the U.S. senators that introduced the Building Chips in America Act in March this year, proposing deregulatory measures for chip manufacturing plants in the U.S. and showing interest in strengthening advanced industries. He also partook in the launching of the date2023-08-31

Trade Minister holds bilateral talks at G20

The Republic of Korea’s Minister for Trade Dukgeun Ahn held bilateral talks with various counterparts on the occasion of the G20 Trade and Investment Ministerial Meetings (TIMM) held in Jaipur, India, through August 24-25.   Trade Minister Ahn first held talks with the U.S. Trade Representative Katherine Tai and reconfirmed the willingness to commit to advancing the Indo-Pacific Economic Framework for Prosperity (IPEF) and follow-up measures to the recent summit among Korea, the U.S date2023-08-25

Korea discusses expanding trade cooperation with G20 countries

The Republic of Korea’s Minister for Trade Dukgeun Ahn held bilateral talks with trade ministers of nine major countries as well as the World Trade Organization (WTO) Director-General on the occasion of the G20 Trade and Investment Ministerial Meetings (TIMM) held in Jaipur, India, through August 24-25. Trade Minister Ahn first held talks with the U.S. Trade Representative Katherine Tai and reconfirmed the willingness to commit to advancing the Indo-Pacific Economic Framework for Prosperi date2023-08-25

Trade Minister attends G20 Trade and Investment Ministerial Meeting

The Republic of Korea's Minister for Trade Dukgeun Ahn attended the G20 Trade and Investment Ministerial Meeting on August 24 in India to discuss inclusive trade, investment, WTO reform, global value chain resiliency, small and medium-sized companies’ participation in international trade, and trade logistic issues. date2023-08-25