Ministry of Trade, Industry and Energy

Korea and Guatemala conclude Korea-Central America FTA membership negotiations

Minister for Trade Dukgeun Ahn held talks via videoconferencing with Guatemala’s Minister of Economy Luz Marina Pérez Contreras and Guatemalan Ambassador to Korea Sara Solis (in person) on September 5 to announce that the membership accession negotiations have reached a final agreement on Guatemala joining the Korea-Central America Free Trade Agreement (FTA). date2023-09-05

Korea and Guatemala conclude Korea-Central America FTA membership negotiations

Minister for Trade Dukgeun Ahn held talks via videoconferencing with Guatemala’s Minister of Economy Luz Marina Pérez Contreras on September 5 to announce that the membership accession negotiations have reached a final agreement on Guatemala joining the Korea-Central America Free Trade Agreement (FTA). Through the membership accession negotiations, Guatemala agrees to open most of the major items of Korea’s interest, such as automotive parts, textiles and steel, also agreeing date2023-09-05

Korea holds public hearing on entering EPAs with 7 countries

The Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) held a public hearing on August 25 at Hotel Koreana in Seoul to gather public opinion concerning the Economic Partnership Agreements (EPAs) with seven nations, namely Kenya, Tanzania, Morocco, Thailand, Pakistan, Serbia and the Dominican Republic. MOTIE’s Deputy Minister for FTA Negotiations Roh Keon-ki stated in the opening message that “based on the experience of establishing a trade network consisting of date2023-08-28

Trade Minister attends ASEAN meetings in Indonesia

The Republic of Korea’s Minister for Trade Dukgeun Ahn attended the 11th East Asia Summit Economic Ministers’ Meeting on August 21 held in Semarang, Indonesia, to discuss recent global economic developments, supply chain stabilization, climate change response, digital transition and restoration of multilateral trade system.   Trade Minister Ahn also attended the following Regional Comprehensive Economic Partnership (RCEP) ministerial meeting to discuss support organization iss date2023-08-23

Korea and ASEAN to expand economic cooperation via solidarity initiative

Minister for Trade Dukgeun Ahn and the Korean delegation attended the ASEAN Economic Ministers’ Meeting from August 20-22 in Semarang, Indonesia, and held bilateral, multilateral meetings with counterparts from the U.S., China, Japan and India to review agenda items for the upcoming ASEAN summit meeting to be held in September in Jakarta and to discuss measures for promoting regional trade and business. The Korean delegation explained in detail the economic cooperation measures in accorda date2023-08-23

Korea and Ecuador discuss measures to bolster supply chain cooperation

The Republic of Korea’s Minister for Trade Dukgeun Ahn held talks with Ecuador’s recently appointed Production, Foreign Trade, Investments and Fisheries Minister Daniel Legarda Touma on August 9 via videoconferencing to discuss measures to further the Korea-Ecuador Strategic Economic Cooperation Agreement (SECA) negotiation progress and strengthen bilateral cooperation in trade, investment and supply chain. date2023-08-09

Korea and Ecuador discuss measures to bolster supply chain cooperation

The Republic of Korea’s Minister for Trade Dukgeun Ahn held talks with Ecuador’s recently appointed Production, Foreign Trade, Investments and Fisheries Minister Daniel Legarda Touma on August 9 via videoconferencing to discuss measures to further the Korea-Ecuador Strategic Economic Cooperation Agreement (SECA) negotiation progress and strengthen bilateral cooperation in trade, investment and supply chain. The two countries broke the six-year hiatus in July last year by resuming Ko date2023-08-09

Korea and Japan accelerate business exchange following presidential visit

Trade, Industry and Energy Minister Lee Chang-yang attended the Korea-Japan Business Conference Dinner on July 28 at the Lotte Hotel Seoul to discuss measures for invigorating economic exchange and cooperation between major Korean and Japanese business leaders.   Minister Lee Chang-yang said in his congratulatory remarks, 'The Korea-Japan relationship has been fully restored with four Korea-Japan summits held in just four months after the presidential visit to Japan in March.' He encourag date2023-08-03

Korea and Japan accelerate business exchange following presidential visit

With the revival of “shuttle diplomacy” between Korea and Japan after a 12-year hiatus, coupled with the full resolution of export control issues which lingered for four years, there has been significant acceleration in the exchanges and collaborations among business leaders from both countries. This boost in interactions aims to execute measures agreed upon during the summit and expand mutual business cooperation. Representatives from the Japan Association of Corporate Executives, date2023-08-03

Korea and Africa discuss measures to expand economic cooperation

The Republic of Korea’s Minister for Trade Dukgeun Ahn met with African Continental Free Trade Area (AfCFTA) Secretariat Secretary-General Wamkele Mene on July 26 during the latter’s visit to Seoul and discussed measures to expand Korea-Africa economic cooperation. date2023-07-28