Ministry of Trade, Industry and Energy

Trade Minister attends 33rd Trade Agreement TF Meeting

Minister for Trade Dukgeun Ahn attended the 33rd Trade Agreement Task Force (TF) Meeting on December 23 at the President Hotel Seoul to seek measures to support companies amid the rapidly changing trade environment and newly emerging trade rules regarding digital transition, climate change and rising protectionism and to support domestic industries with respect to FTAs currently in force. He added that “the recent first round of official negotiations for the Indo-Pacific Economic Framewor date2022-12-27

Trade Minister holds Industrial and Energy ODA Networking Day 2022

Minister for Trade Dukgeun Ahn held the Industrial and Energy ODA (Official Development Assistance) Networking Day 2022 on December 22 at the Grand Hyatt Seoul to share industrial and energy ODA policy directions. This meeting was attended by ambassadors to the Republic of Korea from 28 countries, and is the second time an ambassador conference of this size was held this year. Trade Minister Ahn proposed the following three major plans as the Ministry of Trade, Industry and Energy (MOTIE)&rsqu date2022-12-27

Trade Minister attends 33rd Trade Agreement Task Force Meeting

Minister for Trade Dukgeun Ahn attended the 33rd Trade Agreement Task Force Meeting on December 23 at the President Hotel Seoul to discuss policy measures for supporting domestic industries and companies concerning enforced FTAs.   In his opening message, Trade Minister Ahn stated that “recent global supply chain crisis and climate change issues served as the momentum in ushering in a new international trade order, for which various corporate support measures and agendas will be dev date2022-12-27

Trade Minister attends launching ceremony of digital trade platform

Minister for Trade Dukgeun Ahn, on December 21, attended the launching ceremony of “uTradeHub 2.0', a next-generation digital trade and logistics platform capable of assisting the entire cycle of loading, shipping, tracking and e-commerce of cargo.   In his opening remarks, the Trade Minister assessed that “the launching of uTradeHub 2.0 services indicates that Korea’s digital trade platform has upgraded another level,” and added that he looks forward to date2022-12-22

Korea and Hungary sign MOU on trade & investment cooperation

Minister for Trade Dukgeun Ahn met with Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó on December 20 at the Lotte Hotel Seoul to sign the MOU on cooperation in trade and investment promotion, and discussed trade, investment subsidies and the EU Critical Raw Materials Act. The above MOU is a follow-up measure for the Korea-Hungary Trade Ministerial talks held on October 24 in Budapest. The two trade chiefs agreed that the MOU should precede the Trade date2022-12-22

Korea and Hungary sign MOU on trade & investment cooperation

Minister for Trade Dukgeun Ahn met with Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó on December 20 at the Lotte Hotel Seoul for the MOU signing ceremony on cooperation in trade and investment promotion, and discussed trade, investment subsidies and the EU Critical Raw Materials Act. date2022-12-21

Korea and Ghana discuss industrial and economic cooperation

Trade, Industry and Energy Minister Lee Chang-yang met with Ghana’s Trade and Industry Minister Alan John Kwadwo Kyerematen on December 20 at K-SURE in Seoul to discuss nuclear energy, manufacturing, industrial complexes and economic cooperation measures, and also requested support for World Expo 2030 Busan. date2022-12-21

Trade Minister attends IPEF ministerial meeting

Minister for Trade Dukgeun Ahn attended the Indo-Pacific Economic Framework for Prosperity (IPEF) ministerial online meeting on December 20 to discuss the benefits of IPEF participation. The meeting was presided by the U.S. Secretary of Commerce Gina Raimondo and attended by Ministers of the 14 member states. Minister Ahn stated that “considering the IPEF membership consisting of both advanced and developing nations, technological assistance and development is one area where IPEF partici date2022-12-21

Trade Minister attends IPEF ministerial meeting

Minister for Trade Dukgeun Ahn attended the Indo-Pacific Economic Framework for Prosperity (IPEF) ministerial online meeting on December 20 to discuss concrete ideas on benefits from IPEF participation.   Minister Ahn stated that “considering the IPEF membership composition consisting of both advanced and developing nations, technological assistance and development is an area where IPEF participation advantages are most effectively realized.” To achieve this, he emphasized tha date2022-12-20

Korea's ICT exports drop 22.5% in November

The Ministry of Trade, Industry and Energy announced on December 15 that November exports of Korea’s information and communications technology (ICT) products dropped 22.5 percent to USD 16.7 billion. Imports gained 0.6 percent to $12.8 billion, and the trade balance stood at a surplus of $3.8 billion. ICT exports contracted as both demand and production diminished. Exports of semiconductors, displays, mobile phones, computers and peripherals declined due to global economic slowdown, whil date2022-12-15