Ministry of Trade, Industry and Energy

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. The two countries agreed to advance their bilateral economic cooperation on the occasion of the 40th anniversary of the Look East Policy (LEP). Malaysia is Korea’s third and fourth largest trading and investment partner in the ASEAN region, respectively, with thei date2023-05-24

Korea and Canada hold high-level economic security dialogue

Minister for Trade Dukgeun Ahn and Foreign Minister Park Jin met with Melanie Joly, Canada’s Foreign Minister, and François-Philippe Champagne, Canada’s Innovation, Science and Industry Minister, on May 16 in Seoul to hold a high-level economic security dialogue. The dialogue was officially launched last September on the occasion of the Korea-Canada summit meeting, and this type of “2+2” economic security consultative system is a significant first for both sides. date2023-05-23

Trade Minister chairs 33rd Trade Promotion Committee meeting

Minister for Trade Dukgeun Ahn chaired the 33rd Trade Promotion Committee (the “Committee”) meeting on May 1 at the Government Complex Sejong and led discussions on plans for the third round of official negotiations for the Indo-Pacific Economic Framework for Prosperity (IPEF), ninth official Korea-Ecuador Strategic Economic Cooperation Agreement (SECA) negotiation round outcomes, Asia-Pacific Economic Cooperation (APEC) trade ministers’ meeting preparations and progress on int date2023-05-04

Korea sends economic delegation to Central Europe to bolster cooperation

Trade, Industry and Energy 1st Vice Minister Jang Young-jin is visiting Hungary, Poland and Slovakia through April 17-20 as the head of an economic delegation to discuss measures for expanding trade and economic cooperation between Korea and the three Central European nations. The economic delegation will hold business roundtables in Hungary and Poland to discuss bilateral investment and trade expansion measures with companies and interested parties, as well as EU trade policies. In Slovakia, t date2023-04-18

Korea and Kazakhstan discuss critical minerals & economic cooperation

Trade, Industry and Energy Minister Lee Chang-yang met with Roman Sklyar, First Deputy Prime Minister of the Republic of Kazakhstan, on April 14 at the Lotte Hotel Seoul and discussed critical minerals, economic cooperation and plant bid project, and requested support for World Expo 2030 Busan. Both sides agreed that it was significant for bilateral trade to have reached USD 6.5 billion despite internal and external difficulties in 2022, which was also the 30th anniversary of the establishment date2023-04-18

Korean delegation attends 2nd round of IPEF negotiations

Trade, Industry and Energy Ministry’s Deputy Minister for FTA Negotiations Roh Keon-ki headed the Korean delegation at the second official round of negotiations for the Indo-Pacific Economic Framework for Prosperity (IPEF) in Indonesia on March 13-19. The Korean delegation is composed of representatives of relevant ministries and Government agencies, including the Ministry of Economy and Finance (MOEF), Ministry of Foreign Affairs (MOFA), Ministry of Agriculture, Food and Rural Affairs (M date2023-03-15

Trade Minister holds 3rd IPEF public-private joint strategy meeting

Minister for Trade Dukgeun Ahn held the third Indo-Pacific Economic Framework for Prosperity (IPEF) public-private joint strategy meeting on March 6 at the Korean Chamber of Commerce and Industry (KCCI) to discuss future directions and share IPEF negotiation progress.   The meeting was attended by experts of relevant economic groups, various committees and R&D institutes, including Korea International Trade Association (KITA), Korea Federation of Small and Medium Business (KBA) and Ko date2023-03-08

Trade Minister holds 3rd IPEF public-private joint strategy meeting

Minister for Trade Dukgeun Ahn presided the third Indo-Pacific Economic Framework for Prosperity (IPEF) public-private joint strategy meeting on March 6 at the Korean Chamber of Commerce and Industry (KCCI) held by the Ministry of Trade, Industry and Energy (MOTIE) to discuss future directions and share IPEF negotiation progress with economic groups, various committees and R&D institutes. The first official round of IPEF negotiations were launched in December 2022 in Australia, and current date2023-03-08

MOTIE to host public hearing for EPAs with Mongolia & Georgia

The Ministry of Trade, Industry and Energy (MOTIE) will be hosting the public hearing for Korea-Mongolia Economic Partnership Agreement (EPA) and Korea-Georgia EPA at 2PM (KST) on March 9 in conference hall C1 of the Textile Center where various interested parties and industry experts will gather for topic presentations and discussions on the EPAs’ progress and prospects. Details of the public hearing are also available at www.gwanbo.go.kr and www.fta.go.kr as well. Mongolia and Georgia date2023-02-22

MOTIE attends 3rd RCEP Joint Committee meeting

The Ministry of Trade, Industry and Energy (MOTIE) announced on February 21 that the 3rd Joint Committee meeting of the Regional Comprehensive Economic Partnership (RCEP), which is in its second year of coming into force, is held through February 20-22 via videoconferencing in the attendance of 40 persons consisting of its 15 member states’ delegation and the ASEAN Secretariat, with delegation heads of Co-Chairs Indonesia and Australia leading discussions on RCEP Secretariat management, ec date2023-02-22