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Trade/Investment
Korea and Australia hold talks on critical minerals and supply chain
Trade Minister Ahn Duk-geun met with Australia’s Trade and Tourism Minister Don Farrell on October 13 in Seoul to discuss FTA, critical minerals, WTO, supply chain and other bilateral and multilateral trade issues. date2022-10-14
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Trade/Investment
Korea and Australia hold talks on critical minerals and supply chain
Trade Minister Ahn Duk-geun held talks with Australia’s Trade and Tourism Minister Don Farrell on October 13 on the occasion of the latter's visit to Korea, and discussed ROK-Australia’s critical minerals cooperation expansion measures, WTO reform and bi-, multi-lateral trade issues, and requested Australia’s support for World EXPO 2030 Busan. The bilateral talks are the first to be held after Korea and Australia’s relations were upgraded to a comprehensive and strategic date2022-10-14
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Trade/Investment
Korea hosts 2022 Seoul International Forum on Trade Remedies
The Korea Trade Commission (KTC) under the Ministry of Trade, Industry and Energy is hosting the “2022 Seoul International Forum on Trade Remedies” (hereinafter “Forum”) on the theme of “Post-COVID Trade Remedy System Management” on October 13 at the Grand InterContinental Seoul Parnas. Approximately 100 persons are attending the event, including representatives of trade remedies institutions of 10 major countries, the WTO and other relevant internationa date2022-10-13
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Trade/Investment
Minister holds ROK-Australia Critical Minerals Business Roundtable
The Ministry of Trade, Industry and Energy (MOTIE) Minister Lee Chang-yang held the ROK-Australia Critical Minerals Business Roundtable on October 12 at the Four Seasons Hotel in Seoul to discuss critical minerals supply chain and U.S.’ Inflation Reduction Act (IRA) with Australia’s Trade and Tourism Minister Don Farrell. Minister Lee gave an opening message, and discussed long-term contracts, mutual investment and supply chain cooperation in the presence of 20 Korean and Au date2022-10-13
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Trade/Investment
MOTIE holds ROK-Australia Critical Minerals Business Roundtable
The Ministry of Trade, Industry and Energy (MOTIE) held the ROK-Australia Critical Minerals Business Roundtable on October 12 at the Four Seasons Hotel in Seoul to secure a stable critical minerals supply chain for domestic companies and to counter the U.S.’ Inflation Reduction Act (IRA) impact. As Korea’s FTA partner, Australia is rich in critical minerals, ranking first worldwide in production of lithium (takes up 49 percent of global production), third in cobalt (4 percent) and m date2022-10-12
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Trade/Investment
MOTIE hosts Global Bio & Pharma Plaza 2022
The Ministry of Trade, Industry and Energy (MOTIE) announced on October 12 that it will be hosting the Global Bio & Pharma Plaza 2022 (GBPP 2022) at Lotte Hotel World in Seoul together with the Korea Trade-Investment Promotion Agency (KOTRA) and Korea Pharmaceutical Traders Association on October 12-13. Approximately 80 buyers will be participating from 21 countries, including the U.S., India, Thailand, Indonesia and Brazil, for the trade fair and market strategy briefing sessions. South K date2022-10-12
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Trade/Investment
MOTIE holds Public-Private Joint Task Force meeting on IRA
Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin presided the Public-Private Joint Task Force meeting on U.S. Inflation Reduction Act (IRA) on October 11 at the Korea Chamber of Commerce and Industry (KCCI) in Seoul and discussed countermeasures against impact on the automobile, battery and energy industries.The meeting was attended by various relevant companies and organizations, including Hyundai Motor, Samsung SDI and Korea Automobile Manufacturers Association ( date2022-10-11
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Trade/Investment
Trade Minister attends IPEF Strategy Symposium
Trade Minister Ahn Duk-geun attended the IPEF Strategy Symposium on October 6, held under the theme of “Supply Chain Realignment Era, the Meaning of Indo-Pacific Economic Framework for Prosperity (IPEF) and Role of Korea.” At the symposium, the Trade Minister gave a congratulatory message, followed by keynote speeches by Adam Posen, President of the Peterson Institute for International Economics (PIIE), and Deborah Elms, Executive Director of Asian Trade Center. Presentation date2022-10-07
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Trade/Investment
Trade Minister attends IPEF Strategy Symposium
Trade Minister Ahn Duk-geun attended the IPEF Strategy Symposium on October 6, held under the theme of “Supply Chain Realignment Era, the Meaning of Indo-Pacific Economic Framework for Prosperity (IPEF) and Role of Korea.” At the symposium, the Trade Minister gave a congratulatory message, followed by keynote speeches by Adam Posen, President of the Peterson Institute for International Economics (PIIE), and Deborah Elms, Executive Director of Asian Trade Center. Presentations were date2022-10-07
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Trade/Investment
Trade Minister holds 2nd Exports Assessment Meeting
Trade Minister Ahn Duk-geun presided the second meeting for joint public-private exports assessment with relevant institutions' and industries’ representatives on October 6 at the Korea International Trade Association (KITA) to announce the launching of Exports Situation Room (ESR) and discuss trade issues. The ESR aims to establish communication hotlines across SMEs and support them tackle obstacles and regulatory difficulties in exports and imports procedures. Each SME’s exports date2022-10-06