Ministry of Trade, Industry and Energy

Trade Minister attends Korea-Cambodia Business & Investment Forum

Minister for Trade Dukgeun Ahn attended the Korea-Cambodia Business and Investment Forum held at COEX on January 27 and gave a congratulatory message. He noted that the opening of markets has established the foundation for a broader scope of trade for both countries across various areas like automobiles, machinery and agro-fishery products in comparison with the Korea-ASEAN FTA and Regional Comprehensive Economic Partnership (RCEP). The event was held in the attendance of Pan Sorasak, the Minis date2023-01-27

Korea and Vietnam sign 3 MOUs for energy cooperation

Trade, Industry and Energy Minister Lee Chang-yang visited Hanoi, Vietnam on December 22 on the occasion of the 30th anniversary of the establishment of diplomatic relations between Korea and Vietnam, and met with Vietnam’s Industry and Trade Minister Nguyễn Hồng Diên to hold the 12th Korea-Vietnam Industrial Joint Committee and 6th Korea-Vietnam FTA Joint Committee meetings. The two countries’ delegations, led respectively by the two trade chiefs, discussed measures for s date2022-12-23

Korea and Vietnam hold Industrial & FTA Joint Committee meetings

Trade, Industry and Energy Minister Lee Chang-yang attended the 12th Korea-Vietnam Industrial Joint Committee and 6th Korea-Vietnam FTA Joint Committee meetings with Vietnam’s Industry & Trade Minister Nguyễn Hồng Diên on December 22 at the Lotte Hotel Hanoi and discussed FTA implementation agendas concerning trade, energy resources and industrial technology. date2022-12-23

Trade Minister attends WTO's Ottawa Group ministerial meeting

Minister for Trade Dukgeun Ahn attended the World Trade Organization’s Ottawa Group ministerial videoconference held on December 16 to seek joint measures for WTO reform as follow-up to the discussions held during the 12th ministerial meetings (MC12) in June. Trade Minister Ahn stated that the time leading up to the next WTO ministerial meeting is a critical hour that will determine either success or failure of WTO reform, and called for member states to participate in talks with a sense date2022-12-20

Korea and Ecuador hold 8th round of SECA negotiations

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 22 that the eighth round of official negotiations for Korea-Ecuador Strategic Economic Cooperation Agreement (SECA) will be held through November 21-25 in Quito, Ecuador. SECA is identical in content with FTA, but places emphasis on comprehensive economic cooperation. The Korean delegation is headed by FTA Policy Director-General Yang Gi-uk, while Ecuador’s is led by Edwin Vasquez, Under-Secretary of Trade Negotiati date2022-11-23

Korea and Singapore sign Digital Partnership Agreement

Minister for Trade Dukgeun Ahn met with Singapore’s Second Minister for Trade and Industry Tan See Leng in Singapore on November 21 and signed the Korea-Singapore Digital Partnership Agreement (KSDPA), concluding the negotiation procedures for the KSDPA, which was first settled in December 2021, and was followed by a legal examination and deliberation process.  date2022-11-23

Korea and Germany hold talks on IRA and economic cooperation

The Trade, Industry and Energy Ministry’s Director-General for International Trade Policy Yoon Chang-hyun led the Korean delegation for Korea-Germany talks on economic affairs on November 4 at Grand Hyatt Seoul and discussed concerns and countermeasures regarding the U.S.’ Inflation Reduction Act (IRA) and shared Korea’s investment environment and bilateral cooperation with his German counterpart Sabine Hepperle, Head of the Directorate-General at the Federal Ministry for Econo date2022-11-07

Korea and India hold 9th round of CEPA upgrading negotiations

The Ministry of Trade, Industry and Energy (MOTIE) announced that the 9th round of Korea-India negotiations for an upgraded Comprehensive Economic Partnership Agreement (CEPA) are held on November 3-4 in Seoul.   The Korean delegation is headed by Director General for FTA Policy Yang Gi-uk, while India’s is headed by Joint Secretary at Department of Commerce Anant Swarup. Director General Yang remarked that “cooperation with India is all the more critical as the global economy date2022-11-04

Korea and India hold 9th round of CEPA upgrading negotiations

The Ministry of Trade, Industry and Energy (MOTIE) announced that the 9th round of Korea-India negotiations for an upgraded Comprehensive Economic Partnership Agreement (CEPA) are to be held on November 3-4 in Seoul. The Korean delegation is headed by Director General for FTA Policy Yang Gi-uk, while India’s is headed by Joint Secretary at Department of Commerce Anant Swarup. Relevant ministries including the Ministry of Economy and Finance (MOEF) and the Ministry of Agriculture, Food and date2022-11-03

Korea and GCC hold 6th round of talks for FTA

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 21 that the 6th round of Korea-GCC FTA negotiations will take place through October 24-28 in Seoul.   The sixth round will touch on 1) opening of products and services market 2) trade environment improvement 3) digital transition, healthcare & infrastructure, and the incorporation of these items into the agreement.   Led by MOTIE’s chief negotiator Kwon Hye-jin, Korea’s delegation is composed of date2022-10-24