Ministry of Trade, Industry and Energy

Korean delegation to participate in WTO's SOM ahead of MC13

The Trade, Industry and Energy Ministry’s Director General for Multilateral Trade and Legal Affairs will be heading the Korean delegation attending the World Trade Organization (WTO) Senior Officials Meeting (SOM) held through October 23-24 in Geneva in preparation for the upcoming ministerial meetings (MC13) in Abu Dhabi in February next year. On the first day of SOM on October 23, attendees will discuss various issues that require the WTO headquarters’ guidance and direction for s date2023-10-23

Korea and GCC to kick off 8th official negotiating round for FTA

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 22 that Korea and the six Middle Eastern countries of the Gulf Cooperation Council (GCC) are holding the eighth round of official negotiations for the Korea-GCC free trade agreement (FTA) through October 23-27 in Seoul. The Korean delegation is headed by MOTIE’s Director General for FTA Negotiations Chang Sung-gil and composed of approximately 30 relevant ministries’ officials, including those from the Ministry date2023-10-23

Korea and UAE strike CEPA deal

Minister for Trade Dukgeun Ahn and the United Arab Emirates (UAE) Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi held the Korea-UAE trade ministerial meeting on October 14 at the Korea Chamber of Commerce and Industry (KCCI) in Seoul, where they signed the joint statement announcing the conclusion of negotiations on the Korea-UAE Comprehensive Economic Partnership Agreement (CEPA). date2023-10-18

Korea and UAE strike CEPA deal

Minister for Trade Dukgeun Ahn and the United Arab Emirates (UAE) Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi held the Korea-UAE trade ministerial meeting on October 14 in Seoul, where they signed the joint statement announcing the conclusion of negotiations on the Korea-UAE Comprehensive Economic Partnership Agreement (CEPA), which is Korea’s 24th free trade agreement (FTA). In accordance with the anticipated “New Middle East Boom” fostered subsequent to Pr date2023-10-17

Korean delegation participates in 6th IPEF negotiating round

Trade, Industry and Energy Ministry’s Deputy Minister for FTA Negotiations Roh Keon-ki is heading the Korean delegation, composed of representatives of approximately 20 government ministries, in the sixth negotiating round of the Indo-Pacific Economic Framework for Prosperity (IPEF) held from October 15-24 in Kuala Lumpur, Malaysia. The 14 IPEF member countries participating in this round of negotiations include Korea, the U.S., Japan, Australia, Singapore, Vietnam and India, whose shared date2023-10-16

Korea and Saudi hold 4th Vision 2030 ministerial meeting

Trade, Industry and Energy Minister Bang Moon Kyu attended the fourth Korea-Saudi Vision 2030 Committee ministerial meeting on October 13 at the Four Seasons Hotel Seoul with Saudi Investment Minister Khalid A. Al-Falih in the presence of both countries’ delegations to inspect the implementation progress of economic summit diplomacy outcomes, and discussed measures for Korean companies’ entrance into automobile, bio, mobile payment, games and entertainment markets across the Middle E date2023-10-13

Korea and Saudi hold 4th Vision 2030 ministerial meeting

Korea and Saudi Arabia’s eleven major government ministries came together on October 13 at the Four Seasons Hotel Seoul to hold the fourth Korea-Saudi Vision 2030 Committee (“Committee”) ministerial meeting, led by Minister Bang Moon Kyu and the Saudi Investment Minister Khalid A. Al-Falih, accompanied by the deputy ministers of both countries’ ministries and director general-level subcommittee heads. The two countries’ representatives confirmed the smooth implemen date2023-10-13

Korea and Chile hold 23rd Economic Cooperation Committee meeting

Trade, Industry and Energy Minister Bang Moon Kyu attended the 23rd Korea-Chile Economic Cooperation Committee meeting on October 12 in Seoul, held in commemoration of the two countries’ 20th anniversary of signing the Korea-Chile free trade agreement (FTA).   In his congratulatory message, the minister encouraged those present to 'make further effort for the forward-looing development of Korea-Chile bilateral relations.”   Approximately 100 persons attended the event, date2023-10-13

Korea and Chile discuss ways to expand cooperation upon 20th FTA anniversary

Trade, Industry and Energy Minister Bang Moon Kyu and Chile’s Economy, Development and Tourism Minister Nicolas Grau attended the 23rd Korea-Chile Economic Cooperation Committee meeting on October 12 in Seoul, held by the Korea Chamber of Commerce and Industry (KCCI) and the Federation of Chilean Industry (SOFOFA), in commemoration of the two countries’ 20th anniversary of signing the Korea-Chile free trade agreement (FTA). The Korea-Chile Economic Cooperation Committee has robustly date2023-10-12

Korean delegation attends minerals security partnership meeting in London

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 11 that the Korean delegation, headed by Deputy Foreign Minister for Economic Affairs Kang Jae-kwon, attended the Minerals Security Partnership (MSP) meeting in London on October 10, chaired by the U.S. Department of State, to participate in discussions on measures for cooperation in financial support for critical minerals and cooperation with resource-rich nonmember countries. Attendees agreed that in order to facilitate f date2023-10-12