Ministry of Trade, Industry and Energy

Trade Minister holds bilateral talks on sidelines of IPEF & APEC meetings

Minister for Trade Dukgeun Ahn held bilateral talks with the trade leaders of five countries on the sidelines of the Indo-Pacific Economic Framework for Prosperity (IPEF) ministerial meetings and Asia-Pacific Economic Cooperation (APEC) summit, held through November 12-16 in San Francisco, to discuss trade issues. He also asked other countries’ support for World Expo 2030 Busan and their participation in the Carbon Free (CF) Alliance. Trade Minister Ahn first met with Katherine Tai, the U date2023-11-16

Korea-Middle East cooperation to enter new era of partnership

Trade, Industry and Energy Minister Bang Moon Kyu chaired the second Korea-Middle East Economic Cooperation Public-Private Joint Committee meeting, where they reviewed achievements and implementation methods, project progress by each department, and issues and suggestions from individual companies. MOTIE reported that since the start of the Yoon Suk Yeol administration, 143 contracts and memorandums of understanding (MOUs) were signed between the two sides worth approximately USD 87.4 billion, date2023-11-10

Korea to bolster economic cooperation with Tanzania

Minister for Trade Dukgeun Ahn visited Dodoma, the capital of Tanzania, on November 8 as a Special Presidential Envoy to strengthen economic cooperation with the East African nation amid the rising strategic importance of the African continent as a new export market and major reservoir of mineral resources. The trade minister’s visit was accompanied by a public-private joint economic delegation composed of representatives of relevant organizations and companies, including the Export-Impor date2023-11-09

Minister meets with Trinidad and Tobago's Works and Transport Minister

Trade, Industry and Energy Minister Bang Moon Kyu met with Rohan Sinanan, the Minister of Works and Transport of Trinidad and Tobago, on November 2 and discussed measures for stronger cooperation in construction and infrastructure industries. date2023-11-09

Korea to strengthen economic cooperation with Trinidad and Tobago

Trade, Industry and Energy Minister Bang Moon Kyu visited the Republic of Trinidad and Tobago as Special Presidential Envoy to strengthen industrial and energy cooperation with Latin American nations on November 2, on the heels of his visit to Chile (Oct. 29-Nov.1). This is the first visit made to the Caribbean island country by Korea’s trade, industry and energy minister. The visit was accompanied by an economic delegation composed of 28 representatives of public and private organization date2023-11-09

Korea discusses trade and energy cooperation with Malta

Trade, Industry and Energy Vice Minister Kang Kyungsung met Ian Borg, Malta’s Minister for Foreign and European Affairs and Trade, on November 7 in Seoul and discussed measures for expanding trade and investment, eco-friendly energy cooperation and other bilateral economic collaboration measures. Vice Minister Kang noted that, while the bilateral trade volume between Korea and Malta is not large, there exists various aspects that call for greater trade and investment, such as Malta’ date2023-11-08

Korea and Japan discuss future economic cooperation at 16th Industrial Technology Fair

The Ministry of Trade, Industry and Energy (MOTIE), together with the Korea-Japan Cooperation Foundation for Industry and Technology and Japan-Korea Cooperation Foundation for Industry and Technology, launched the 16th Korea-Japan Industrial Technology Fair on November 7 and proposed future directions for bilateral economic cooperation. Launched in 2008, the 16th Korea-Japan Industrial Technology Fair has served as the primary venue for Korea-Japan business exchanges between both countries&rsqu date2023-11-07

Korean delegation participates in the 7th IPEF negotiating round

Trade, Industry and Energy Ministry’s Deputy Minister for Trade Negotiations Roh Keon-ki is heading the Korean delegation from November 5-12 in the seventh round of official in-person negotiations for the Indo-Pacific Economic Framework for Prosperity held in San Francisco, U.S. The Korean delegation is composed of representatives of approximately 20 government ministries. The seventh negotiating round was launched 10 days on the heels of the sixth negotiating round held in Malaysia date2023-11-07

Korea and Georgia hold EPA Business Roundtable

Minister for Trade Dukgeun Ahn attended the Korea-Georgia Economic Partnership Agreement (EPA) Business Roundtable held on November 2 on the sidelines of the announcement of the launch of official EPA negotiations. The roundtable was attended by Georgia’s Deputy Minister of Economy and Sustainable Development Genadi Arveladz, as well as both countries’ delegations and private sector groups in promising areas for cooperation, such as critical minerals, energy and supply chain. date2023-11-06

Korea and Georgia announce commencement of EPA negotiations

Minister for Trade Dukgeun Ahn and Georgia’s Deputy Minister of Economy and Sustainable Development Genadi Arveladze announced on November 2 at the Le Meridien Seoul the commencement of the official negotiation process for the Korea-Georgia Economic Partnership Agreement (EPA). date2023-11-06