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Trade/Investment
1st Multilateral Trade Strategy Assessment Meeting
Trade Minister Ahn Duk-geun held the 1st Multilateral Trade Strategy Assessment Meeting on July 12 at the Government Complex Sejong with relevant ministries and delegation of the Permanent Mission of the Republic of Korea in Geneva (hereinafter 'Mission'). The Multilateral Trade Strategy Assessment Meeting has been launched to bolster the “one team, one voice” strategy of the South Korean government in terms of multilateral trade. In the past, trade issues were dealt through date2022-07-13
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Trade/Investment
6th round of Korea-Ecuador SECA negotiations
The Ministry of Trade, Industry and Energy (MOTIE) announced on July 11 that the 6th round of Korea-Ecuador Strategic Economic Complementation Agreement (SECA) negotiations will be taking place through July 11-21 in Seoul. Both countries agreed in March this year to officially resume negotiations, and the 6th round follows a six-year hiatus since the 5th round in 2016. The 6th round will cover negotiations across all departments, encompassing products, services, investment, digital, procuremen date2022-07-12
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Trade/Investment
Minister Lee attends 1st World EXPO 2030 Bid Committee Meeting
Trade, Industry and Energy Minister Lee Chang-yang attended the 1st World EXPO 2030 Bid Committee Meeting on July 8 at the Korea Chamber of Commerce and Industry (KCCI) to discuss Committee rules, and the progress and plans of promotion activities and private-led committee. The event was attended by Prime Minister Han Duck-soo, KCCI Chairman Chey Tae-won and other relevant persons from various organizations, including the Ministry of Foreign Affairs (MOFA) and the Ministry of Culture, S date2022-07-12
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Trade/Investment
World Expo 2030 Bid Committee to give full measure
The South Korean government held the first World Expo 2030 Bid Committee (hereinafter “Committee”) meeting at the Korea Chamber of Commerce and Industry (KCCI) on July 8, which was co-presided by Prime Minister Han Duck-soo and Co-Chairman Chey Tae-won. The private-led bid committee and Government-led bid committee have been merged so as to combine all efforts for the single aim of winning Busan the bid for host city of World Expo 2030. Comprising 14 of Government Ministe date2022-07-11
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Trade/Investment
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
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Trade/Investment
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
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Trade/Investment
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
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Trade/Investment
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
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Trade/Investment
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
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Trade/Investment
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