Ministry of Trade, Industry and Energy

Korea and GCC hold 7th round of FTA negotiations

The Ministry of Trade, Industry and Energy (MOTIE) is heading the Korean delegation for the seventh round of the Korea-GCC (Gulf Cooperation Council) Free Trade Agreement (FTA) official negotiations held through February 14-16 in Riyadh, Saudi Arabia. Led by chief negotiator Kwon Hye-jin of MOTIE, the Korean delegation consists of approximately 30 representatives of relevant ministries, including the Ministry of Economy and Finance (MOEF), Ministry of Oceans and Fisheries (MOF) and the Ministry date2023-02-15

MOTIE attends IPEF Pillars 2-4 special negotiation round

The Ministry of Trade, Industry and Energy (MOTIE) will be attending the special negotiation round for Pillars 2-4 of the Indo-Pacific Economic Framework for Prosperity (IPEF) to be held through February 8-11 in New Delhi, India, as part of the Korean delegation composed of officials of relevant ministries, including the Ministry of Economy and Finance (MOEF), Ministry of Foreign Affairs (MOFA) and the Ministry of Agro-Fisheries, Food and Rural Affairs (MAFRA), headed by MOTIE’s Deputy Min date2023-02-09

Trade Minister holds 31st Trade Promotion Committee meeting

Minister for Trade Dukgeun Ahn held the 31st Trade Promotion Committee meeting on January 30 at the Korea Chamber of Commerce and Industry (KCCI) to discuss major trade policy tasks amidst the rapidly changing global trade environment, in the attendance of officials of relevant ministries. Trade Minister Ahn stated that “as concerns for global recession this year are rising, the global economy is up against the risk of multiple crises, namely energy security, protectionism and supply chai date2023-02-01

Trade Minister attends Korea-Cambodia Business & Investment Forum

Minister for Trade Dukgeun Ahn attended the Korea-Cambodia Business and Investment Forum at COEX on January 27, held to promote trade and investment on occasion of the Korea-Cambodia FTA enforcement and gave a congratulatory message.    The trade chief said that the two countries should work together to seek out joint projects in digital economy and other areas where public-private collaboration is feasible, as well as in sectors relevant to clean energy for carbon neutral.   date2023-01-27

Trade Minister attends Korea-Cambodia Business & Investment Forum

Minister for Trade Dukgeun Ahn attended the Korea-Cambodia Business and Investment Forum held at COEX on January 27 and gave a congratulatory message. He noted that the opening of markets has established the foundation for a broader scope of trade for both countries across various areas like automobiles, machinery and agro-fishery products in comparison with the Korea-ASEAN FTA and Regional Comprehensive Economic Partnership (RCEP). The event was held in the attendance of Pan Sorasak, the Minis date2023-01-27

Korea and Vietnam sign 3 MOUs for energy cooperation

Trade, Industry and Energy Minister Lee Chang-yang visited Hanoi, Vietnam on December 22 on the occasion of the 30th anniversary of the establishment of diplomatic relations between Korea and Vietnam, and met with Vietnam’s Industry and Trade Minister Nguyễn Hồng Diên to hold the 12th Korea-Vietnam Industrial Joint Committee and 6th Korea-Vietnam FTA Joint Committee meetings. The two countries’ delegations, led respectively by the two trade chiefs, discussed measures for s date2022-12-23

Korea and Vietnam hold Industrial & FTA Joint Committee meetings

Trade, Industry and Energy Minister Lee Chang-yang attended the 12th Korea-Vietnam Industrial Joint Committee and 6th Korea-Vietnam FTA Joint Committee meetings with Vietnam’s Industry & Trade Minister Nguyễn Hồng Diên on December 22 at the Lotte Hotel Hanoi and discussed FTA implementation agendas concerning trade, energy resources and industrial technology. date2022-12-23

Trade Minister attends WTO's Ottawa Group ministerial meeting

Minister for Trade Dukgeun Ahn attended the World Trade Organization’s Ottawa Group ministerial videoconference held on December 16 to seek joint measures for WTO reform as follow-up to the discussions held during the 12th ministerial meetings (MC12) in June. Trade Minister Ahn stated that the time leading up to the next WTO ministerial meeting is a critical hour that will determine either success or failure of WTO reform, and called for member states to participate in talks with a sense date2022-12-20

Korea and Ecuador hold 8th round of SECA negotiations

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 22 that the eighth round of official negotiations for Korea-Ecuador Strategic Economic Cooperation Agreement (SECA) will be held through November 21-25 in Quito, Ecuador. SECA is identical in content with FTA, but places emphasis on comprehensive economic cooperation. The Korean delegation is headed by FTA Policy Director-General Yang Gi-uk, while Ecuador’s is led by Edwin Vasquez, Under-Secretary of Trade Negotiati date2022-11-23

Korea and Singapore sign Digital Partnership Agreement

Minister for Trade Dukgeun Ahn met with Singapore’s Second Minister for Trade and Industry Tan See Leng in Singapore on November 21 and signed the Korea-Singapore Digital Partnership Agreement (KSDPA), concluding the negotiation procedures for the KSDPA, which was first settled in December 2021, and was followed by a legal examination and deliberation process.  date2022-11-23