Ministry of Trade, Industry and Energy

Korea and Ecuador hold business forum

Deputy Minister for Trade Yang Byeong-nae attended the Korea-Ecuador Business Forum held on October 11 at the Lotte Hotel Seoul and gave a congratulatory message.   The forum was attended by approximately 100 persons, including both countries’ economic delegation members and companies, as well as Ecuador’s Foreign Affairs Minister Gustavo Miranda. date2023-10-12

Korea and Grenada discuss cooperation in renewable energy & trade

Trade, Industry and Energy Minister Bang Moon Kyu, on the occasion of the annual high-level forum on the Korea-Caribbean partnership on October 11 in Seoul, held talks with Grenada’s Mobilization, Implementation and Transformation Minister Andy Williams on bilateral cooperation in trade, economy, renewable energy and development, and also requested support for World Expo 2030 Busan. date2023-10-11

Korea makes final spurt with 50 days until final vote for World Expo 2030

The Republic of Korea’s Prime Minister Han Duck-soo is heading the visit to four European countries from October 8-15 for a series of promotion of the World Expo 2030 Busan, starting with Paris, France, with approximately 50 days remaining until the final vote for selecting the World Expo 2030 candidate winner. In Paris, Prime Minister Han is directing the official symposium for World Expo 2030 Busan through October 9-10, attended by approximately 200 key figures, including Korea Chamber date2023-10-10

Trade Minister discusses economic cooperation with Greek Deputy Foreign Minister

Minister for Trade Dukgeun Ahn met with Greek Deputy Foreign Minister for Economic Diplomacy and Openness Kostas Fragogiannis on October 5 in Seoul to discuss measures to advance bilateral economic cooperation in trade and investment, and requested support for World Expo 2030 Busan. date2023-10-10

FDI pledged to Korea in Q3 jump 11.3%

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 4 that foreign direct investments (FDIs) pledged to Korea in the third quarter of 2023 (Jan-Sep, acc.) jumped 11.3 percent year-on-year to a record-breaking USD 24.0 billion. FDIs that actually arrived in Korea over the same period also climbed 20.2 percent to an all-time high of $13.9 billion. The number of pledges increased, while that of arrivals decreased. The number of pledges reached 2,522 (up 11.3 percent) and a date2023-10-05

Trade Minister attends international investment forum "DUSHANBE-2023"

Minister for Trade Dukgeun Ahn visited the Republic of Tajikistan to attend the international investment forum 'DUSHANBE-2023' from September 29-30, where he met Tajikistan’s government representatives and held discussions on the Trade and Investment Promotion Framework (TIPF) and promising areas for cooperation between the two countries.   On the occasion of the forum, Minister Ahn held talks with a number of Tajikistan’s government representatives, including Prime Minister K date2023-10-05

Korea and Cape Verde enter MOUs for agricultural and business cooperation

Trade, Industry and Energy Minister Bang Moon Kyu visited Cape Verde from September 29-30 and attended the MOU signing ceremony between Korean maker of agricultural equipment and machinery Daedong and Cape Verde’s Agriculture and Environment Ministry on donating large-sized tractors and other farming equipment and transferring relevant technology.   Minister Bang gave a congratulatory message expressing his support for the enhancement of Cape Verde’s farming productivity and p date2023-10-05

Trade Minister visits Tajikistan and Kazakhstan

Minister for Trade Dukgeun Ahn visited the Republic of Tajikistan to attend the international investment forum 'DUSHANBE-2023' from September 29-30, where he met Tajikistan’s government representatives and held discussions on the Trade and Investment Promotion Framework (TIPF) and promising areas for cooperation between the two countries. On the occasion of the forum, Minister Ahn held talks with a number of Tajikistan’s government representatives, including Prime Minister Kokhir Ra date2023-10-04

Korea's exports decline 4.4% in September

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 1 that Korea’s exports in September declined 4.4 percent year-on-year to USD 54.7 billion and imports fell 16.5 percent to $51.0 billion, resulting in a trade surplus of $3.7 billion, an all-time high within the last two years. September exports recorded a single-digit decline rate for the second consecutive month, showing the smallest decline rate since last October when the export value began decreasing. The daily a date2023-10-02

440th Korea Trade Commission gives preliminary determination on anti-dumping duties

The Ministry of Trade, Industry, and Energy (MOTIE) held the 440th Korea Trade Commission meeting on September 21 and based on the preliminary determination regarding domestic industrial injury from Egyptian white Portland cement, decided to recommend that the Ministry of Economy and Finance (MOEF) impose provisional anti-dumping duties of 72.23 percent to prevent further damage during the investigation period. The Commission plans to notify the preliminary determination results to the finance date2023-09-26