Ministry of Trade, Industry and Energy

Korea and Switzerland discuss cooperation in bio and trade

Minister for Trade Dukgeun Ahn met with Guy Parmelin, Federal Councillor Head of Switzerland’s Federal Department of Economic Affairs, Education and Research, on May 18 at the Lotte Hotel Seoul and discussed measures for expanding Korea-Switzerland cooperation in bio and trade. date2023-05-24

Trade Minister attends 55th Korea-Japan Business Conference

Minister for Trade Dukgeun Ahn attended the 55th Korea-Japan Business Conference on May 16 at the Lotte Hotel Seoul for the implementation of agreements made during the Korea-Japan summit meeting and strengthening of business cooperation between the two countries. In his opening message, Trade Minister Ahn requested that “Korean and Japanese business leaders actively contribute to the acceleration of the two countries’ forward-looking economic cooperation,” and assured that th date2023-05-24

Trade Minister attends 55th Korea-Japan Business Conference

Minister for Trade Dukgeun Ahn attended the 55th Korea-Japan Business Conference on May 16 at the Lotte Hotel Seoul for the implementation of agreements made during the Korea-Japan summit meeting and strengthening of business cooperation between the two countries. Hosted by the Korea-Japan Economic Association (KJE), Korea-Japan Cooperation Foundation for Industry and Technology (KJCF) and their Japanese counterparts, the Conference was the first in four years to be held in-person and was atten date2023-05-24

Trade Minister and WTO Director-General discuss WTO reform measures

Minister for Trade Dukgeun Ahn met with Ngozi Okonjo-Iweala, Director-General of the World Trade Organization, on May 22 at the Shilla Seoul to discuss measures for WTO reform and restoration of the multilateral trading system.   Addressing the challenges being made against the multilateral trading system, Trade Minister Ahn stated that it is important to gain meaningful outcomes from the upcoming MC13 and discussed measures to achieve this aim in areas of WTO reform, normalization of the date2023-05-23

Minister chairs 2nd Pan-Ministerial Export Situation Assessment Meeting

Minister Lee Chang-yang chaired the 2nd Pan-Ministerial Export Situation Assessment Meeting on May 16 at the Government Complex Seoul to select the promising export items among the core manufacturing industry and 12 prospective export areas. In his opening message, the Minister stated that “export conditions are still challenging due to slowdowns in the semiconductor industry and global economy, and whole-of-the-government efforts are required to achieve a powerful rebound out of the tr date2023-05-22

Korea and Germany discuss measures to bolster supply chain cooperation

Minister for Trade Dukgeun Ahn met with Jörg Kukies, Germany’s State Secretary for Economic, Finance and European Affairs at the Federal Chancellery, on May 22 at the Lotte Hotel Seoul to discuss measures to bolster Korea-Germany supply chain cooperation. date2023-05-22

Korea's ICT exports reach $12.8 billion in April

The Ministry of Trade, Industry and Energy announced on May 15 that Korea's exports and imports of information and communications technology (ICT) goods for April recorded USD 12.8 billion (down 35.9 percent year-on-year) and $10.4 billion (down 14.0 percent), respectively. Trade balance stood at a surplus of $2.3 billion. ICT exports fell as a result of the persisting global economic downturn and slower demand for ICT devices, the semiconductor industry setback and a high base effect from last date2023-05-16

436th Korea Trade Commission gives final determination on anti-dumping investigations

The Ministry of Trade, Industry, and Energy (MOTIE) held the 436th Korea Trade Commission meeting on July 21 and announced the final determination to extend the imposing of anti-dumping duties (2.30-11.04%) on Vietnamese and Indian ferro silico manganese for another five years. The Commission determined that lifting of anti-dumping duties on Vietnamese and Indian ferro silico manganese may result in continued dumping and recur damage on domestic industries. Meanwhile, the Commission determined date2023-05-16

Korea and Hungary discuss measures to strengthen trade & industrial cooperation

Trade, Industry and Energy Minister Lee Chang-yang met with Speaker of the National Assembly of Hungary László Kövér on May 8 in Seoul to discuss measures for expanding trade, investment, industrial technology, nuclear energy cooperation, as well as the EU’s Foreign Subsidies Regulation (FSR) and Battery Regulation. date2023-05-11

Korea and Hungary discuss measures to strengthen trade & industrial cooperation

Trade, Industry and Energy Minister Lee Chang-yang met with Speaker of the National Assembly of Hungary László Kövér on May 8 in Seoul to discuss measures for expanding trade, investment, industrial technology, nuclear energy cooperation, as well as the EU’s Foreign Subsidies Regulation (FSR) and Battery Regulation. Trade between Korea and the EU continues to increase despite the global economic slowdown, reaching an unprecedented USD 7 billion last year. Noting date2023-05-11