Ministry of Trade, Industry and Energy

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

4th RCEP joint committee meeting to discuss Secretariat installation

The Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) announced on July 18 that the fourth joint committee meeting of the Regional Comprehensive Economic Partnership (RCEP) will be held from July 18-19 in Surabaya, Indonesia. The joint committee meeting will be chaired by Co-Chairs Indonesia and Australia, with the participation of approximately 80 delegation members from 10 ASEAN countries, 15 RCEP member countries including Korea, China, Japan, Australia and New Zealand date2023-07-18

Korea hosts 4th IPEF negotiating round in Busan

The Republic of Korea’s Trade, Industry and Energy Ministry’s Deputy Minister for FTA Negotiations Roh Keon-ki is heading the Korean delegation in the fourth negotiating round of the Indo-Pacific Economic Framework for Prosperity (IPEF) in Busan from July 9-15. Approximately 650 government officials came from 13 other countries, namely the U.S., Japan, Australia, New Zealand, Singapore, Thailand, Vietnam, Brunei, Malaysia, the Philippines, Indonesia, India and Fiji. The fourth nego date2023-07-13

Korea sets up FTA Support Center in Malaysia

The Ministry of Trade, Industry, and Energy (MOTIE) of the Republic of Korea and the Korea Trade-Investment Promotion Agency (KOTRA) opened a Free Trade Agreement (FTA) Support Center in Kuala Lumpur, Malaysia on July 5 to help Korean companies exporting to Malaysia better utilize the Korea-ASEAN Free Trade Agreement (FTA) and the Regional Comprehensive Economic Partnership (RCEP). Malaysia is Korea’s third-largest trading partner among ASEAN countries, following Vietnam and Singapore. Th date2023-07-10

Korea to host 4th IPEF negotiating round in Busan

Trade, Industry and Energy Ministry’s Deputy Minister for FTA Negotiations Roh Keon-ki will head the Korean delegation in the fourth negotiating round of the Indo-Pacific Economic Framework for Prosperity (IPEF) from July 9-15, 2023, at the Busan Exhibition and Convention Center (BEXCO). Delegations of thirteen other countries will be attending the negotiation round: the U.S., Japan, Australia, New Zealand, Singapore, Thailand, Vietnam, Brunei, Malaysia, the Philippines, Indonesia, I date2023-06-16

Trade Minister holds bilateral talks on sidelines of APEC MRT meeting

Minister for Trade Dukgeun Ahn held bilateral talks with the trade ministers of the U.S., China, Canada, Chile and other major member countries of the Asia-Pacific Economic Cooperation (APEC), on the occasion of the APEC's 29th Ministers Responsible for Trade (MRT) meeting held from May 25-26 in Detroit, U.S. With U.S. Trade Representative Katherine Tai, Trade Minister Ahn discussed the two countries’ partnership in economy, advanced industries, and the Indo-Pacific Economic Framework for date2023-06-05

Korea and Malaysia agree to bolster supply chain cooperation

Trade, Industry and Energy 1st Vice Minister Jang Young-jin met with Malaysia’s Investment, Trade and Industry Deputy Minister Liew Chin Tong on May 18 to discuss measures for expanding Korea-Malaysia economic cooperation, such as accelerating the signing of a memorandum of understanding (MOU) on raw materials cooperation, Malaysia’s government assistance for Korean companies’ investments in new industries like secondary batteries, entering a joint development agreement on clea date2023-05-24