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Trade/Investment
Vice Minister Cheong to lead efforts for public-private investment promotion
Trade, Industry and Energy Vice Minister Cheong Seung-il (fourth from the left) attended the inauguration ceremony for the “Public-Private Investment Promotion Group” held at the Korea Chamber of Commerce and Industry (KCCI) in Seoul on February 12.As the head of the group, Vice Minister Cheong emphasized during his opening remarks that investment is integral to economic growth, future competitiveness, and job creation. Asking for cooperation between the public and private sectors, h date2019-02-12
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Trade/Investment
Trade Minister Kim discusses export promotion strategies for 2019
Trade Minister Kim Hyun-chong (second from the left) discussed export promotion strategies for 2019 with industry groups and government officials at a meeting held at the Korea Trade Insurance Corporation (K-sure) in Seoul on February 11.During the meeting, Trade Minister Kim said that amid growing uncertainties in the global trade scene, the Korean government will make every effort to revitalize exports by strategically responding to trade conditions.The topics for the discussion included expor date2019-02-11
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Trade/Investment
Trade Minister Kim extends outreach to US lawmakers
Trade Minister Kim Hyun-chong (right) had meetings with U.S. Representative Kay Granger of Texas (left) and other Congress members, including Sen. Joni Ernst and Reps. Rob Woodall, Andy Kim, and Jackie Walorski, during his trip to Washington, D.C., from January 29 to February 6.During the meetings, Trade Minister Kim underlined that Korea should be exempt from potential Section 232 tariffs on auto and auto parts in order to deepen the future-oriented economic partnership between the two allies.T date2019-02-06
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Trade/Investment
Trade Minister Kim talks with Trump administration’s economic team
Trade Minister Kim Hyun-chong (left) had talks with key economic team members of the Trump administration including U.S. National Economic Council Director Larry Kudlow (right), U.S. Commerce Department Secretary Wilbur Ross, and U.S. Trade Representative Robert Lighthizer during his visit to Washington, D.C., from January 29 to February 6.During the talks, Trade Minister Kim emphasized that Korea should be spared from potential Section 232 auto and auto parts tariffs, considering the closer, fu date2019-02-06
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Trade/Investment
Korea’s January exports decrease 5.8 percent to $46.4 billion
The Ministry of Trade, Industry and Energy announced on February 1 that Korea’s exports in January decreased 5.8 percent to USD 46.4 billion compared to the same period last year.Its imports also slipped 1.7 percent to $45.0 billion, but its trade balance remained positive at $1.3 billion, making the country a net exporter for 84 consecutive months.Exports last month were affected by many external factors such as the U.S.-China trade dispute and the falling prices of semiconductors and oil date2019-02-01
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Trade/Investment
Trade Minister Kim meets with US Senator Steve Daines in Washington, DC
Trade Minister Kim Hyun-chong (left) met with U.S. Senator Steve Daines of Montana in Washington, D.C., on January 30 (local time) to explain Korea’s stance on the U.S. Commerce Department’s Section 232 probe into auto imports. date2019-01-31
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Trade/Investment
Trade Minister Kim meets with US Senator David Perdue in Washington, DC
Trade Minister Kim Hyun-chong (right) had a meeting with U.S. Senator David Perdue of Georgia in Washington, D.C., on January 30 (local time) to convey Korea’s stance on the U.S. Commerce Department’s Section 232 auto investigation. date2019-01-31
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Trade/Investment
Trade Minister Kim discusses with US Senator Chuck Grassley in Washington, DC
Trade Minister Kim Hyun-chong (right) had a meeting with U.S. Senate Finance Committee Chairman Chuck Grassley (left) in Washington, D.C., on January 29 (local time).During the meeting, Trade Minister Kim delivered Korea’s stance on the U.S. Department of Commerce’s Section 232 investigation into auto tariffs. date2019-01-30
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Trade/Investment
Trade Minister Kim has bilateral meeting with his EU counterpart in Davos
Trade Minister Kim Hyun-chong (right) had a bilateral discussion with EU Trade Commissioner Cecilia Malmström (left) as an effort to bolster Korea’s exports and new industries during his visit to Davos, Switzerland, from January 22 to 25.Trade Minister Kim also had bilateral meetings with top government officials from other countries such as Saudi Arabia, Canada, the UK, Brazil, and Russia.During his trip to Davos, Trade Minister Kim attended WTO ministerial meetings where he apprecia date2019-01-26
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Trade/Investment
Trade Minister Kim meets with UK counterpart to discuss bilateral trade ties in Davos
Trade Minister Kim Hyun-chong (right) met with UK International Trade Secretary Liam Fox to discuss bilateral trade ties during his visit to Davos, Switzerland, on January 23 (local time).During the meeting, the two top trade officials agreed that it is necessary to minimize the potential impact of Brexit outcomes on trade between the two countries and their economies. date2019-01-24