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Trade/Investment
Korea and Poland seal TIPF MOU for stronger bilateral cooperation
The Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) announced on July 14 that MOTIE and Poland’s Ministry of Economic Development and Technology entered the Trade and Investment Promotion Framework (TIPF) memorandum of understanding (MOU) on July 13 in Warsaw. Based on this MOU, the two countries plan to expand their industrial cooperation base over a comprehensive scope that will spur joint business projects across trade, investment and supply chains, and also im date2023-07-14
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Trade/Investment
Trade Minister chairs Busan Exporters' Conference
Minister for Trade Dukgeun Ahn chaired the Busan Exporters’ Conference on July 12 at the Busan Exhibition & Convention Center (BEXCO), held to promote exports of local SMEs and middle-market companies through establishment of an organic cooperation system between firms and export assistance institutes. After his opening message, the trade chief led discussions on EU’s seafood regulations, difficulties arising in the process of customs duty refund on imported goods used f date2023-07-14
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Trade/Investment
Korea's ICT exports reach $16.1 billion in June
The Ministry of Trade, Industry and Energy (MOTIE) of the Republic of Korea announced on July 13 that Korea's exports and imports of information and communications technology (ICT) goods for June amounted to USD 16.1 billion (down 22.1 percent year-on-year) and $11.5 billion (down 12.3 percent), respectively. The trade balance stood at a surplus of $4.6 billion. ICT exports fell as a result of prolonged slowdown of global demand for ICT, the sluggish semiconductor industry, and the high base ef date2023-07-13
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Trade/Investment
Korea and UAE discuss summit outcome follow-up measures
Trade, Industry and Energy Minister Lee Chang-yang met with United Arab Emirates (UAE)’ Economy Minister Abdulla Bin Touq Al Marri on July 7 at the Lotte Hotel Seoul to discuss the January bilateral summit outcomes and future economic cooperation in trade, investment, advanced industries, technology and energy. date2023-07-13
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Trade/Investment
Korea and UAE to pursue summit outcome follow-up measures
Trade, Industry and Energy Minister Lee Chang-yang of the Republic of Korea met with United Arab Emirates (UAE)’ Economy Minister Abdulla Bin Touq Al Marri on July 7 on the occasion of the latter’s visit to Korea and exchanged views on the January bilateral summit outcomes and future economic cooperation in trade, investment, advanced industries, technology and energy. During the talks, the two ministers assessed that the 48 agreements and memorandums of understanding (MOUs) to date2023-07-13
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Trade/Investment
Korea holds Trade and Security 2023
Minister for Trade Dukgeun Ahn attended the Trade and Security 2023 on July 5 at the InterContinental Seoul COEX, held to raise awareness of trade security among companies and the public and to encourage contributors to the development of Korea’s export control system. In his opening message, Trade Minister Ahn awarded 20 top contributors to trade security, including companies, organizations and individuals that were exemplary in their implementation in accordance with Korea&rsquo date2023-07-13
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Trade/Investment
Korea and Lithuania discuss measures to expand bilateral cooperation
Korea’s Minister for Trade Dukgeun Ahn met with Lithuania’s Economy and Innovation Minister Aušrinė Armonaitė on July 6 in Seoul and discussed measures for bilateral cooperation. date2023-07-12
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Trade/Investment
Korea and Lithuania seek to bolster industrial & trade cooperation
Korea’s Minister for Trade Dukgeun Ahn met with Lithuania’s Economy and Innovation Minister Aušrinė Armonaitė on July 6 in Seoul and discussed measures for Korea-Lithuania cooperation. The meeting was held on the occasion of Minister Armonaitė’s visit to Korea to attend Laser Korea 2023 accompanied by Lithuania’s eight major laser companies, including Light Conversion and Ekspla. Laser Korea 2023 is an international event showcasing the latest laser technolog date2023-07-12
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Trade/Investment
Korea honors top contributors to trade security
The Ministry of Trade, Industry and Energy (MOTIE) of the Republic of Korea held the 'Trade and Security 2023' commemoration ceremony on July 5 at the COEX Intercontinental Hotel. The event was attended by more than 200 people, including those of trade security merits, CEOs of export companies, and experts from Korea and abroad. This event, which marks its 13th anniversary this year, aims to raise awareness for trade security among companies and citizens and encourage exporters and related inst date2023-07-11
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Trade/Investment
Minister Lee attends Korea-Japan Industrial Cooperation Forum
Trade, Industry and Energy Minister Lee Chang-yang attended the Korea-Japan Industrial Cooperation Forum on July 6 at the Federation of Korean Industries (FKI) Tower in Seoul. In his congratulatory message, the Minister encouraged both countries’ business leaders to make use of this opportunity to deliver tangible outcomes for the public, while bolstering cooperation in emerging future industries like battery, digital and bio, as well as in establishing semiconductor and advanced date2023-07-11