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Trade/Investment
Minister meets with Chile's Foreign Affairs Minister Alberto van Klaveren
Trade, Industry and Energy Minister Bang Moon Kyu visited Chile as Special Presidential Envoy and held talks on October 31 with Chilean Foreign Affairs Minister Alberto van Klaveren and delivered President Yoon Suk Yeol’s handwritten letter, proposing that the two countries build a new partnership for shared future prosperity based on the 60 plus years of diplomatic relations. date2023-11-03
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Trade/Investment
Minister attends Korea-Chile Business Roundtable
Trade, Industry and Energy Minister Bang Moon Kyu attended the Korea-Chile Business Roundtable on October 30 in Chile, which was co-organized by KCCI and the Chilean Federation of Industry (SOFOFA) for discussions on comprehensive and strategic industrial cooperation, and attended by 60 key business figures of both countries. date2023-11-03
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Trade/Investment
Minister discusses cooperation with Chile’s Economy, Development and Tourism Minister
Trade, Industry and Energy Minister Bang Moon Kyu met Chile’s Economy, Development and Tourism Minister Nicolas Grau on October 30 in Chile to discuss lithium, critical minerals, hydrogen, trade and investment cooperation measures. date2023-11-03
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Trade/Investment
MOTIE launches Trade and Technology Security Forum
Minister for Trade Dukgeun Ahn presided the first meeting of the Trade and Technology Security Forum, which was launched on October 31 at the Westin Josun Seoul and composed of 13 top experts of relevant academia and industries. As economic security issues are increasingly becoming more and more of a daily concern amid the rising geo-economic risks and supply chain uncertainties, there is a growing need to seek out a strategy for assessing the external and internal situation and minimizing trad date2023-11-02
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Trade/Investment
Korea's exports grow 5.1% in October
The Ministry of Trade, Industry and Energy (MOTIE) announced on November 1 that Korea’s export value for the month of October grew 5.1 percent year-on-year to USD 55.1 billion, a first in 13 months. Imports shrank 9.7 percent to $53.5 billion, and the trade balance stood at a surplus of $1.6 billion, posting growth for the fifth consecutive month since June this year. The daily average export value ($2.6 billion) for October, considering the number of operating days, again broke the previ date2023-11-02
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Trade/Investment
Korea and Germany discuss cooperation in advanced industries & carbon neutrality
Minister for Trade Dukgeun Ahn met Udo Philipp, State Secretary for Germany’s Federal Ministry of Economic Affairs and Climate Action, on October 30 at the Lotte Hotel Seoul to discuss bilateral cooperation measures in advanced industries and achieving carbon neutrality, and asked support for World Expo 2030 Busan. date2023-11-01
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Trade/Investment
Korea deposits instrument of acceptance of the WTO Fisheries Subsidies Agreement
The Ministry of Trade, Industry and Energy (MOTIE) announced on October 24 that the Korean government has formally deposited the instrument of acceptance for the Protocol Amending the Marrakesh Agreement Establishing the World Trade Organization to accept the World Trade Organization (WTO) Fisheries Subsidies Agreement on October 23 on the occasion of attending the Senior Officials Meeting (SOM) held in Geneva, Switzerland (October 23-24). The Fisheries Subsidies Agreement, negotiated sin date2023-10-27
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Trade/Investment
Minister attends MOU signing ceremony at Korea-Qatar Business Forum
Trade, Industry and Energy Minister Bang Moon Kyu attended the “Korea-Qatar Business Partnership” forum on October 25 at St. Regis Doha for signing of 10 MOUs in new renewable energy, autonomous driving, smart farm, plant and finance. The event was also attended by Mohammed bin Hamad bin Qassim Al Abdullah Al Thani, the Qatari Minister of Commerce and Industry and the two countries’ government delegations. date2023-10-27
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Trade/Investment
Korea-Qatar business partnerships take off in energy & new industries
Hosted by the Ministry of Trade, Industry and Energy (MOTIE) and organized by the Korea Trade-Investment Promotion Agency (KOTRA) on October 25 at the St. Regis Doha, the “Korea-Qatar Business Partnership” trade show was launched to serve as a venue for 117 one-on-one meetings between 20 Korean SMEs and middle-market companies and 54 Qatari companies in energy, plant, construction, smart farm, smart city and bio. The trade show is expected to further not only traditional cooper date2023-10-27
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Trade/Investment
Trade Minister discusses economic cooperation with Armenia's Prime Minister
Minister for Trade Dukgeun Ahn met with Armenia’s Prime Minister Nikol Pashinyan on October 24 in Armenia, to discuss bilateral economic cooperation measures in nuclear power plants, ODA, trade and investment. date2023-10-27