Ministry of Trade, Industry and Energy

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

Korea and Ecuador announce joint statement on signing of SECA deal

Trade, Industry and Energy Minister Bang Moon Kyu and Ecuador’s Production, Foreign Trade, Investments and Fisheries Minister Daniel Legarda signed the joint statement announcing the conclusion of the negotiations for the Korea-Ecuador Strategic Economic Cooperation Agreement (SECA) on October 11 at the Lotte Hotel Seoul. date2023-10-11

Korea meets with Caribbean countries for industrial & climate change cooperation

Trade, Industry and Energy Minister Bang Moon Kyu, on the occasion of the annual high-level forum on the Korea-Caribbean partnership on October 11 in Seoul, held talks with Belize’s Sustainable Development Minister Orlando Habet and Grenada’s Mobilization, Implementation and Transformation Minister Andy Williams, respectively, and discussed bilateral cooperation as well as measures to bolster the Korea-Caribbean partnership. With Belizean Minister Habet, Minister Bang emphasized the date2023-10-11

Korea and Ecuador announce joint statement on signing of SECA deal

Trade, Industry and Energy Minister Bang Moon Kyu and Ecuador’s Production, Foreign Trade, Investments and Fisheries Minister Daniel Legarda signed the joint statement announcing the conclusion of the negotiations for the Korea-Ecuador Strategic Economic Cooperation Agreement (SECA) on October 11 at the Lotte Hotel Seoul. The Korea-Ecuador SECA joint statement is as follows:   JOINT STATEMENT ON THE CONCLUSION OF NEGOTIATIONS FOR THE STRATEGIC ECONOMIC COOPERATION AGREEMENT BET date2023-10-11

Korea and Ukraine discuss cooperation measures for reconstruction

Minister for Trade Dukgeun Ahn met with the Korea-Ukraine Parliamentarians' Friendship Association delegation on October 6 in Seoul to discuss bilateral economic cooperation measures. The meeting was attended by Ukrainian lawmakers Andriy Nikolaenko, Sergiy Taruta and Ukrainian Ambassador to South Korea Dmytro Ponomarenko. Trade Minister Ahn expressed condolences towards the Ukrainian people suffering from the Russia-Ukraine war, and stated that Korea is prepared to uncover and launch joint pro date2023-10-10