Ministry of Trade, Industry and Energy

Korea, Turkmenistan vow to strengthen comprehensive economic cooperation

Trade, Industry and Energy Minister Sung Yun-mo attended the 8th Meeting of Korea-Turkmenistan Intergovernmental Committee on Trade-Economic and Scientific-Technical Cooperation virtually on November 23, and discussed measures to expand bilateral cooperation in various areas including trade, investment, energy plants, industry, and information and communications technology. date2020-11-24

Minister Sung holds public-private meeting to talk about RCEP

Trade, Industry and Energy Minister Sung Yun-mo held a meeting with representatives from major industries, research institutes and economic organizations in Yeouido on November 18 to discuss ways to utilize the Regional Comprehensive Economic Partnership (RCEP) effectively to encourage Korea’s exports and industrial development. Minister Sung stressed that the RCEP can be a great opportunity for a manufacturing powerhouse like Korea, and it is important to respond adequately to the post-co date2020-11-18

Korea, Kazakhstan discuss measures for economic cooperation in various fields

Trade, Industry and Energy Minister Sung Yun-mo attended the 9th Meeting of Korea-Kazakhstan Intergovernmental Committee on Trade-Economic and Scientific-Technical Cooperation through videoconference on November 17, and discussed measures for cooperation in trade, investment, industry, energy, science and technology, health and medicine, agriculture, and environment. date2020-11-17

[JOINT MINISTERIAL STATEMENT - 31ST APEC MINISTERIAL MEETING 2020]

JOINT MINISTERIAL STATEMENT  31st APEC MINISTERIAL MEETING 2020 We, the APEC Ministers, met on 16 November 2020, under the Chairmanship of The Honourable Dato' Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry, Malaysia. This marks the first time that the APEC Ministerial Meeting (AMM) has convened virtually. We assessed the forum's achievements in 2020, provided guidance on future work, and discussed preparations for the 2020 APEC Economic Leaders' date2020-11-17

Korea, Indonesia agree to work together to overcome economic challenges amid pandemic

Trade, Industry and Energy Minister Sung Yun-mo (left) met with his Indonesian counterpart Bahlil Lahadalia in Seoul on November 12, to discuss ways to expand investment and industrial cooperation between the two nations. Minister Sung also requested that the two countries work together to overcome the difficult economic situation presented by COVID-19 and ensure smooth business activities by more than 2,000 Korean companies in steel, petrochemical, automobile, and textile industries operating i date2020-11-12

Minister Sung meets Uzbek counterpart at Joint Committee on Trade and Economic Cooperation

Trade, Industry and Energy Minister Sung Yun-mo met with Uzbek deputy prime minister for investments and foreign trade Sardor Umurzakov virtually at the 10th Joint Committee on Trade and Economic Cooperation between Korea and Uzbekistan on November 6, to call for bilateral trade talks and expanded digital cooperation. date2020-11-06

Korea, Myanmar to expand economic ties

Trade, Industry and Energy Minister Sung Yun-mo attended the virtual meeting of Joint Commission on Trade and Industry Cooperation between Myanmar and Korea, on September 16, to discuss bilateral economic cooperation in trade, industry, energy, and investment between the two countries.In particular, the two countries agreed to start the construction of Korea-Myanmar Industrial Complex (KMIC) in December, and continue with cooperation in the construction and infrastructure industries. date2020-09-17

Trade Minister Yoo meets with trade ministers virtually to talk about global economic recovery

Trade Minister Yoo Myung-hee attended the RCEP ministerial meeting and the ASEAN, ASEAN+3, EAS economic ministers' meetings virtually from August 27 to 29, and checked the progress of the RCEP agreement as well as the economic cooperation programs between Korea and ASEAN.Trade Minister Yoo also discussed with her fellow ministers the cooperation measures for easing the impact of COVID-19 on the global economy. date2020-08-31

Korea, Cambodia to launch official negotiations for FTA

Trade Minister Yoo Myung-hee (right) had a virtual meeting with her Cambodian counterpart Pan Sorasak on July 9, and announced the launch of official negotiations for a bilateral free trade agreement (FTA) between the two countries.   Trade Minister Yoo welcomed the launch of official talks with Cambodia as an opportunity to strengthen economic ties with the country that has a great potential for growth as ASEAN’s production and trade hub, and to enhance the competitiveness of Korea date2020-07-10

Minister Sung meets with Uzbekistan’s deputy prime minister for investment and foreign economic affairs

Trade, Industry and Energy Minister Sung Yun-mo (left) met with Uzbekistan’s deputy prime minister for investments and foreign economic affairs, Sardor Umurzakov, in Seoul on July 6.   At the first ministerial meeting held face-to-face since the coronavirus outbreak, the two countries discussed ways to expand bilateral economic cooperation in various industries and agreed to proceed with preparations for the Korea-Uzbek free trade agreement (FTA) negotiations. date2020-07-07