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Trade/Investment
Trade Minister meets U.S. Representative
Minister for Trade Inkyo Cheong met with U.S. Representative Mike Kelly on March 14 in Washington D.C. to discuss CHIPS Act subsidies, Inflation Reduction Act (IRA), visa issues and measures to resolve Korean companies’ U.S. investment challenges. date2024-03-18
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Trade/Investment
Trade Minister meets Senior U.S. Senator
Minister for Trade Inkyo Cheong met with Senior U.S. Senator Jon Ossoff on March 14 in Washington D.C. to discuss CHIPS Act subsidies, Inflation Reduction Act (IRA), visa issues and measures to resolve Korean companies’ investment challenges. date2024-03-18
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Trade/Investment
Trade Minister meets U.S. Deputy National Security Adviser
Minister for Trade Inkyo Cheong met with Daleep Singh, Deputy National Security Adviser, on March 14 in Washington D.C. to discuss CHIPS Act subsidies, Inflation Reduction Act (IRA), visa issues and measures to resolve Korean companies’ investment challenges. date2024-03-18
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Trade/Investment
Trade Minister meets Council on Foreign Relations (CFR) President
Minister for Trade Inkyo Cheong met Council on Foreign Relations (CFR) President Michael B. Froman on March 14 in Washington D.C. and exchanged views on U.S.’ trade policies, future outlook and Korea-U.S. bilateral trade issues. date2024-03-18
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Trade/Investment
Korea discusses technical regulation issues with export destination countries at WTO TBT Committee
The Ministry of Trade, Industry and Energy (MOTIE) announced on March 17 that the Korean Agency for Technology and Standards (KATS) President Jin Jong-wook and Food and Drug Safety Minister Yu-Kyoung Oh attended this year’s first World Trade Organization (WTO) Technical Barriers to Trade (TBT) Committee meeting through March 12-15 to discuss issues on technical regulations with Korea’s major export destination countries. At the TBT Committee meeting, the Korean delegation raised specific trade concerns (STCs) over 10 technical regulations imposed by a number of countries and the EU on some of Korea’s major export items, including batteries, automobiles, cosmetic products, medical devices, and fluorinated greenhouse gases (F-GHGs), which are used as refrigerants for air conditioners. Meanwhile, regarding the per- and polyfluoroalkyl substances (PFAS) regulations, Korea intends to hold bilateral talks with related countries for cooperation on addressing domestic industries’ concerns and resolving issues arising from the global increase of TBTs. date2024-03-18
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Trade/Investment
Trade Minister meets U.S. Deputy Secretary of Commerce
Minister for Trade Inkyo Cheong met with U.S. Deputy Secretary of Commerce Don Graves on March 13 in Washington D.C. to discuss the CHIPS Act, trade remedies, IPEF and other bilateral trade issues. date2024-03-15
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Trade/Investment
Trade Minister meets Thermo Fisher Scientific Senior VP
Minister for Trade Inkyo Cheong met with Thermo Fisher Scientific Senior Vice President Dan Shine on March 13 in Washington D.C. to discuss investment cooperation in raw and subsidiary bio materials production facilities. date2024-03-15
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Trade/Investment
Trade Minister meets U.S. Representative Amerish B. Bera
Minister for Trade Inkyo Cheong met with U.S. Representative Amerish B. Bera on March 13 in Washington D.C. to discuss Korea-U.S. trade and economic cooperation, the Inflation Reduction Act (IRA), CHIPS Act, visa issues and other key agenda items. date2024-03-15
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Trade/Investment
Trade Minister meets U.S. Senator Tom Carper
Minister for Trade Inkyo Cheong met with U.S. Senator Tom Carper, Chairman of the Subcommittee on International Trade, Customs, and Global Competitiveness of the Finance Committee, on March 12 in Washington D.C. to discuss Korea-U.S. trade and economic cooperation, the Inflation Reduction Act (IRA), CHIPS Act, visa issues and other key agenda items. date2024-03-15
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Trade/Investment
Trade Minister meets Chairman of the Trade Subcommittee of the House Ways and Means Committee
Minister for Trade Inkyo Cheong met with U.S. Representative Adrian Smith, Chairman of the Trade Subcommittee of the House Ways and Means Committee, on March 12 in Washington D.C. to discuss Korea-U.S. trade and economic cooperation, the Inflation Reduction Act (IRA), CHIPS Act, visa issues and other key agenda items. date2024-03-15