Ministry of Trade, Industry and Energy

Trade Minister holds 15th Trade Advisory Committee Meeting

Trade Minister Ahn Duk-geun held the 15th Trade Advisory Committee (hereinafter “Committee”) Meeting at the Lotte Hotel Seoul on July 7, the first meeting of its kind under the new regime.   In his opening message, Trade Minister Ahn stated that efforts had been made over the past two months to leverage the Korea-U.S. summit, IPEF launching ceremony and the 12th WTO Ministerial Conference to create favorable trade results for Korean companies and contribute to the internationa date2022-07-11

Trade Minister holds 15th Trade Advisory Committee Meeting

Trade Minister Ahn Duk-geun held the 15th Trade Advisory Committee (hereinafter “Committee”) Meeting at the Lotte Hotel Seoul on July 7, the first meeting of its kind under South Korea's new regime. The above Committee is a consultation body focused on communication with corporations and consists of approximately 30 experts from industries and academia, serving as one of the main public-private collaborative channels. This meeting was held to discuss matters related to trade policy date2022-07-11

Trade Minister attends Global Investment Summit

Trade Minister Ahn Duk-geun attended the Global Investment Summit held at the Shilla Seoul on July 6 and gave a congratulatory message.   The event was attended by approximately 200 persons from various foreign-invested companies and relevant local government bodies, including Korea Trade-Investment Promotion Agency (KOTRA) President Yu Jeong-yeol and LG-Ericsson South Korea & Taiwan Operations CEO Håkan Cervell.   date2022-07-08

MOTIE holds Global Investment Summit

The Ministry of Trade, Industry and Energy (MOTIE) co-hosted the first large-scale Global Investment Summit (hereinafter “the Summit”) with Korea Trade-Investment Promotion Agency (KOTRA) under the new administration at the Shilla Seoul on July 6, and under the theme of “Role of Foreign Investors in the Era of Supply Chain Reconfiguration.” The Summit consisted of an MOU signing ceremony, roundtable, global investment forum and investment consultation, and the entire ev date2022-07-08

Trade Minister attends Trade and Security 2022

Trade Minister Ahn Duk-Geun attended the Trade and Security 2022 held at COEX in Seoul on July 6 to raise awareness on trade security and encourage companies that contributed to Korea’s exports control system.   Following his opening message, the Trade Minister gave a keynote speech under the theme of “Trade Security Environment and Challenges” and awarded 19 government commendations to companies and institutions that showed model implementation of exports control, as we date2022-07-07

Trade Minister holds 28th Trade Promotion Committee meeting

Trade Minister Ahn Duk-geun presided the 28th Trade Promotion Committee meeting at the Government Complex Sejong on July 5 to discuss recent trade ministerial talks, World EXPO 2030 Busan promotion, pandemic and food security response.   The trade chief gave an opening message regarding current issues and bilateral, multilateral talks, namely the 12th WTO Ministerial Conference (MC12), Korea-EU Trade Ministers’ meeting, promotion for Busan as World EXPO host city, fisheries subsidie date2022-07-07

Trade Minister holds 28th Trade Promotion Committee meeting

Trade Minister Ahn Duk-geun held the 28th Trade Promotion Committee meeting on July 5 at the Government Complex Sejong in the presence of eight relevant ministries to discuss the new regime’s new trade directions, Indo-Pacific Economic Framework (IPEF) implementation and climate change impact on trade and necessary countermeasures. In his opening remarks, Minister Ahn stated that his focus over the past three weeks had been on the 12th WTO Ministerial Conference (MC12), Korea-EU Trade Min date2022-07-06

Korea-ASEAN Dinner for promotion of World EXPO 2030 Busan

Trade Minister Ahn Duk-geun attended the “Korea-ASEAN Dinner in Honor of ASEAN SOM Leaders” to promote World EXPO 2030 Busan at the Shilla Seoul on July 1 and gave a welcoming message to the vice ministerial-level attendees from ten ASEAN member countries, including Brunei, Cambodia, Indonesia and the Philippines. date2022-07-05

Korea's exports gain 15.6% in first half of 2022

The Ministry of Trade, Industry and Energy announced on July 1 that Korea’s exports in the first half of 2022 increased 15.6 percent, reaching USD 350.3 billion. Imports went up 26.2 percent to $360.6 billion, resulting in a trade deficit of $10.3 billion. For the month of June, Korea’s exports amounted to $57.7 billion, expanding 5.4 percent from last year. Imports jumped 19.4 percent to $60.2 billion. The trade balance stood at a deficit of $2.5 billion. Exports hit the highest date2022-07-01

Trade Minister holds 1st IPEF public-private strategy session

Trade Minister Ahn Duk-geun held the 1st Indo-Pacific Economic Framework (IPEF) public-private strategy session on June 23 at the Korea Chamber of Commerce and Industry (KCCI) in Seoul to share IPEF progress and discuss future directions with economic organizations and relevant experts.   The session was attended by various representatives and experts of relevant organizations, including KCCI Vice Chairman Woo Tae-hee, Cho Sang-hyun, Chief of Korea International Trade Association (KITA)&r date2022-06-27