Ministry of Trade, Industry and Energy

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

Korea and Poland discuss measures to bolster trade and industrial cooperation

The Republic of Korea’s Trade, Industry and Energy Minister Chang-Yang Lee held talks with Poland’s Economic Development and Technology Minister Waldemar Buda on August 23 in Seoul to discuss trade, investment, EU laws and measures for bolstering cooperation between the two countries. The two ministers agreed that on the occasion of the state visit made in July, Korea-Poland trade and investment cooperation base, as well as cooperation in nuclear energy, defense and infrastruct date2023-08-24

Korea to speak on inclusive trade & supply chain resiliency at G20 meeting

The Republic of Korea’s Minister for Trade Dukgeun Ahn will attend the G20 Trade and Investment Ministerial Meeting (TIMM) in Jaipur, India, from August 24-25 to discuss inclusive trade, World Trade Organization (WTO) reform, trade and investment for global value chain resiliency, small and medium-sized companies’ participation in international trade, and trade logistics, among other agenda items with G20 member states’ trade ministers. In the first session on the theme of mul date2023-08-24

Korea holds Global Talent Fair 2023

Trade, Industry and Energy Minister Chang-Yang Lee attended the opening ceremony of Global Talent Fair 2023 on August 21 at COEX in Seoul, held to provide quality jobs to job seeking youth while creating opportunities for quality worker recruitment for overseas companies and foreign-invested firms.   Minister Lee partook in the block lighting performance of the opening ceremony and toured the booths of participating companies of various sectors, including manufacturing, production, R& date2023-08-22

Korea holds Global Talent Fair 2023

The Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) and Ministry of Employment and Labor (MOEL) co-host the Global Talent Fair 2023 from August 21-22 at COEX in Seoul. Merging three major job fairs into one, Global Talent Fair 2023 is the largest single job fair to be held in Korea, with 382 firms managing their own recruitment booths where job seekers can visit their company of interest and consult with the human resources (HR) manager, leading to actual job interviews date2023-08-21

Korea's automobile exports record $5.9 bln in July

The Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) announced on August 17 that Korea’s automobile exports for July reached a total of USD 5.9 billion, recording a historic high for July monthly exports. The accumulated value of automobile exports from January to July reached $41.6 billion, entering the $40 billion thresholds within the shortest amount of time in Korea’s vehicle exporting history. The number of exported Korean cars grew 2.8 percent to 228,9 date2023-08-17

Korea's ICT exports record $14.6 billion in July

The Republic of Korea’s Ministry of Trade, Industry and Energy announced on August 16 that Korea's exports and imports of information and communications technology (ICT) goods for July recorded USD 14.6 billion (down 24.3 percent year-on-year) and $11.4 billion (down 13.7 percent), respectively. The trade balance stood at a surplus of $3.2 billion. ICT exports fell amid low semiconductor unit prices and slow demand for ICT devices. However, the export decline rate is gradually recovering date2023-08-16