Ministry of Trade, Industry and Energy

「Korea-Uzbekistan Insight Forum」 co-hosted by MOTIE & Uzbekistan Embassy to Korea

  The Ministry of Trade, Industry and Energy of the Republic of Korea (Minister Dukgeun Ahn) and the Embassy of the Republic of Uzbekistan in Korea (Ambassador Alisher Abdusalomov) co-hosted the Korea-Uzbekistan Insight Forum at the Embassy of Uzbekistan in Korea on Tuesday, May 13.   This forum, joined by the two governments and representatives from relevant institutions, was prepared to review the progress of ongoing bilateral cooperation projects and devise ways to further enhance economic collaboration between the two countries.   Participants agreed on the significance of the relationship between Korea and Uzbekistan as Special Strategic Partners, and emphasized the need for practical cooperation around new industries including supply chains, energy, infrastructure, and advanced technologies, in addition to mutual trade and investment.   Jongchul Kim, Director General of the Bureau of International Trade Relations, stated that given the rapidly changing global trade environment, we will continue to build a future-oriented cooperation framework between our two countries to review our economic partnership and achieve tangible outcomes. Concurring with DG Kim, Ambassador Abdusalomov suggested developing a Joint Long-Term Strategic Program for High-tech and Innovative Partnership. This program would encompass key sectors such as critical mineral resources, semiconductors, chemical industry, automotive production, smart agriculture, infrastructure and urban development, and green energy. Furthermore, the Uzbek ambassador emphasized the importance of continuing the implementation of joint ODA projects focused on strengthening Uzbekistan’s industrial capacities. These initiatives are expected to create opportunities for Korean companies to strengthen and expand their participation in regional and global supply chains.   The Korean and Uzbek governments will actively utilize their cooperation platforms such as 「the Korea-Uzbekistan Joint Committee on Trade and Economy」, and enhance policy communication and collaboration across a wide range of sectors going forward. date2025-05-13

Minister Ahn meets Czech Prime Minister Petr Fiala

Korea’s Minister of Trade, Industry and Energy Dukgeun Ahn met Czech Prime Minister Petr Fiala on May 7 in Prague with both countries’ government delegations and discussed cooperation in industry, energy, construction, infrastructure, and science technology. date2025-05-09

Korea and Saudi Arabia broaden cooperation to new and cutting-edge industries

Korea’s Ministry of Trade, Industry and Energy (MOTIE) is sponsoring the Korea-Saudi Business and Investment Forum launched today in Seoul. The forum is anticipated to catalyze economic cooperation between the two countries across new and cutting-edge areas like digital, advanced manufacturing, clean energy, healthcare, and culture. Part of an aim to strengthen Korea-Saudi partnership in line with the Saudi Vision 2030, the forum brings together 250 business leaders of both countries to seek collaboration and tangible opportunities around promising new industries such as IT, advanced manufacturing, clean energy, special zone development, healthcare, and entertainment. Participating in today’s event are a total of 120 Korean and Saudi companies including Saudi Telecom Company (stc), Saudi Arabian Military Industries (SAMI), and Saudi’s first EV manufacturer Ceer, as well as Korean firms either engaged in ongoing cooperation with Saudi partners or seeking new business opportunities. Deputy Minister for Trade Park Jong-won attended the forum and gave a congratulatory message, stating that the Korean government will actively leverage intergovernmental cooperation channels while also advancing efforts for the Korea-GCC FTA’s swift entry into force to expand the scope of business cooperation between the two countries.   date2025-05-09

Korea and Czech Republic deepen comprehensive economic cooperation

Korea’s Minister of Trade, Industry and Energy Dukgeun Ahn held talks with Czech Prime Minister Petr Fiala and President of the Senate Miloš Vystrčil, respectively, on May 7 on the occasion of the visit to the Czech Republic made by Korea’s special delegation composed of government delegates and National Assembly representatives. The two sides discussed measures for comprehensive economic cooperation and entered a total of 14 memorandums of understanding (MOUs) in nuclear energy and high-tech industry areas. First, Minister Ahn and the government delegation visited Czech Prime Minister Fiala to discuss wide-ranging cooperation across industries, energy, construction, infrastructure, and science technology. In the presence of Prime Minister Fiala, Minister Ahn and Czech Minister of Industry and Trade Lukáš Vlček signed a Korea-Czech nuclear reactor cooperation arrangement, building on the MOU forged previously in September 2024. The two countries’ governments will be making joint effort for the success of the Dukovany power plant project as well as collaboration on the additional order of two reactor units and Korea-Czech joint entry into third countries. Minister Ahn and Minister Vlček also inked a Korea-Czech battery cooperation MOU for stronger joint response going forward regarding the EU Battery Regulation. Furthermore, Minister Ahn and Minister Vlček discussed cooperation in nuclear energy and high-tech industry areas including batteries and automobiles. In the presence of both ministers, Korea Hydro & Nuclear Power (KHNP) and other members of Team Korea sealed 10 MOUs with Czech companies for cooperation on the Czech nuclear reactor project. In addition to widening the scope of collaboration in nuclear energy, Korea and the Czech Republic are also aiming to deepen strategic cooperation in high-tech industries. In line with implementing the Vltava Advanced Industries Cooperation Vision announced on September 20, 2024, the two sides signed a letter of agreement on the establishment of an automotive cooperation center and a robotics cooperation center, raising anticipation for enhanced collaboration in R&D, talent training, and demonstration projects. Meanwhile, Korea’s National Assembly members and government delegates met Czech President of the Senate Miloš Vystrčil for lawmaker-level discussions on extensive cooperation between the two countries in areas spanning nuclear reactors, high-tech industries, energy, and construction. In view of this year marking the 35th anniversary of diplomatic ties and the 10th anniversary of the strategic partnership between Korea and the Czech Republic, Minister Ahn noted that the two countries have further solidified their trust relationship and stated that efforts will be made to closely communicate with the Czech authorities so as to finalize the new reactor contract as soon as possible.   date2025-05-08

Korea-Turkmenistan high-level talks on plant cooperation

Minister of Trade, Industry and Energy of the Republic of Korea Dukgeun Ahn and Deputy Chairman of the Cabinet of Ministers of Turkmenistan for Construction and Industrial Complex Baymyrat Annamammedov held Korea-Turkmenistan high-level talks in Seoul on April 18 and discussed bilateral plant cooperation. date2025-04-21

Türkmenabat mineral fertilizer plant PJT framework agreement ceremony

Korea’s Minister of Trade, Industry and Energy Dukgeun Ahn and Deputy Chairman of the Cabinet of Ministers of Turkmenistan for Construction and Industrial Complex Baymyrat Annamammedov attended a signing ceremony for the Framework Agreement on a $700 million mineral fertilizer plant project to be commissioned by “Turkmenhimiya” State Concern, in which Korea’s Daewoo E&C will participate as a contractor. date2025-04-21

Korea and Turkmenistan kick plant cooperation into high gear

Minister of Trade, Industry and Energy of the Republic of Korea Dukgeun Ahn and Deputy Chairman of the Cabinet of Ministers of Turkmenistan for Construction and Industrial Complex Baymyrat Annamammedov held Korea-Turkmenistan high-level talks in Seoul on April 18 and discussed bilateral plant cooperation. Prior to the talks, a signing ceremony for the Framework Agreement on a mineral fertilizer plant project, worth 700 million US dollars, was held. This project will be commissioned by “Turkmenhimiya” State Concern and Korea’s Daewoo E&C will participate as a contractor. Once completed, the plant will process phosphorus extracted from mining phosphate rocks in the Türkmenabat region to produce fertilizers, which is anticipated to help improve Turkmenistan’s industrial and agricultural productivity and diversify the country’s export portfolio.   During the high-level talks, Minister Ahn proposed a swift conclusion of the final agreement for the Türkmenabat mineral fertilizer plant project and requested the Turkmen government’s support for Korean companies to ensure their participation in additional plant projects going forward. date2025-04-18

Korea and Vietnam ink MOUs for wider economic cooperation

Korea’s Minister of Trade, Industry and Energy Dukgeun Ahn met Vietnam’s Minister of Industry and Trade Nguyen Hong Dien today in Hanoi for the 14th Korea-Vietnam Joint Industrial Committee and 8th Korea-Vietnam FTA Joint Committee meetings and discussed measures for wider economic cooperation between the two countries. During the Korea-Vietnam Joint Industrial Committee meeting, the two sides discussed detailed implementation measures for reaching USD 150 billion in bilateral trade volume by 2030 and agreed to cooperate on Vietnamese nuclear reactor projects, LNG power generation, clean energy development, and textile sector investments as well as on resuming logistics policy meetings at the director general level. In the following FTA Joint Committee meeting, the two delegations reviewed key issues including the amendment of the bilateral FTA for cost reduction and streamlining of customs procedures for exporting businesses, the expansion of electrical safety certification institutes, broadening the export and import range of agricultural and livestock products, and import regulations. They also discussed ways to enhance companies’ utilization of the bilateral FTA. A memorandum of understanding (MOU) signing ceremony was held on the heels of the FTA Joint Committee meeting, where the chief delegates of both countries signed the MOU on achieving $150 billion in bilateral trade volume by 2030 and the director generals in charge of nuclear power development inked an MOU on bilateral nuclear reactor cooperation. Moreover, Korea Electric Power Corporation (KEPCO) entered into an MOU with Vietnam’s state-owned power transmission company for cooperation in power grids and new energy industries.  In the evening of the same day, Minister Ahn convened a conference with the representatives of 16 Korean companies operating in the local Vietnamese market to discuss business issues, stating that the ministry will make continued effort to maintain intergovernmental, high-level consultations with relevant authorities.   date2025-04-15

Korea and Vietnam hold ceremony for signing of minutes

Korea’s Minister of Trade, Industry and Energy Dukgeun Ahn and Vietnam’s Minister of Industry and Trade Nguyen Hong Dien held a ceremony on April 14 in Hanoi for the signing of minutes of the 14th Korea-Vietnam Joint Industrial Committee and 8th Korea-Vietnam FTA Joint Committee meetings. date2025-04-14

14th Korea-Vietnam Joint Industrial Committee & 8th FTA Joint Committee

Korea’s Minister of Trade, Industry and Energy Dukgeun Ahn met Vietnam’s Minister of Industry and Trade Nguyen Hong Dien today in Hanoi for the 14th Korea-Vietnam Joint Industrial Committee and 8th Korea-Vietnam FTA Joint Committee meetings and discussed measures for reaching USD 150 billion in bilateral trade volume by 2030, cooperation in Vietnamese nuclear reactor projects, LNG power generation, clean energy development, and enhancing companies’ utilization of the bilateral FTA. date2025-04-14