Ministry of Trade, Industry and Energy

Korea and Nebraska discuss measures to bolster trade & economic cooperation

Deputy Minister for Trade Jeong Dae-jin met with Jim Pillen, Governor of Nebraska, U.S., on September 8 in Seoul to discuss measures for bolstering economic and trade cooperation between Korea and the state of Nebraska for clean energy transition, as well as other major trade issues like the Inflation Reduction Act (IRA). date2023-09-11

Korea and Indonesia sign 16 agreements in areas including nuclear energy & mobility

Minister for Trade Dukgeun Ahn and Indonesia’s Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan attended a signing ceremony on September 7 for the signing of a total of 16 agreements, including a memorandum of understanding (MOU), between Korean and Indonesian companies during the Business Roundtable held on the occasion of Korean President Yoon Suk Yeol attending the ASEAN Summit 2023 in Jakarta. Approximately 40 representatives of the two countries' economic group date2023-09-08

Korea and the Philippines sign Free Trade Agreement

Minister for Trade Dukgeun Ahn and the Philippines’ Department of Trade and Industry (DTI) Secretary Alfredo E. Pascual signed the Korea-Philippines Free Trade Agreement (FTA) on September 7 on the sidelines of the ASEAN Summit 2023 held in Jakarta, Indonesia. Korea and the Philippines announced a joint declaration on the conclusion of the basic FTA framework in October 2021, succeeded by a number of negotiations regarding the specific schedule for removal and reduction of tariffs, i date2023-09-08

Korea and Nebraska discuss measures to bolster trade & economic cooperation

Deputy Minister for Trade Jeong Dae-jin met with Jim Pillen, Governor of Nebraska, U.S., on September 8 in Seoul to discuss measures for bolstering economic and trade cooperation between Korea and the state of Nebraska. Deputy Trade Minister Jeong stated that this year marks the 70th anniversary of the Korea-U.S. alliance and that following Korean President Yoon Suk Yeol’s state visit to the U.S. and the August summit meeting among Korea, U.S. and Japan, the two countries’ alliance date2023-09-08

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