Ministry of Trade, Industry and Energy

Trade Minister attends 10th Korea-U.S. FTA Anniversary Seminar

Trade Minister Yeo Han-koo attended the Korea-U.S. FTA 10th Anniversary Seminar held at Korea International Trade Association (KITA) in Seoul on March 11 to assess the bilateral FTA outcomes and to discuss future goals. In his congratulatory remarks, Minister Yeo noted the need to prepare for the coming decade of new trade issues encompassing supply chain, new technology, digital, and climate change within the existing Korea-U.S. FTA framework. Recognizing the rapidly changing global date2022-03-14

Korea and Ecuador agree to resume SECA negotiations

Trade Minister Yeo Han-koo held online talks with Ecuador’s Production, Foreign Trade, Investment and Fisheries Minister Julio José Prado on Mar 2 in Mexico City to hold a virtual signing ceremony for resuming the Korea-Ecuador Strategic Economic Complementation Agreement (SECA) negotiations after a 5-year hiatus. The trade chiefs addressed the commemoration of the 60th anniversary of Korea-Ecuador diplomatic relations, and agreed to put in efforts for reaching a SECA agreement by date2022-03-08

Korea and Mexico agree to resume FTA talks

Trade Minister Yeo Han-koo held talks with Mexican Secretary of Economy Tatiana Clouthier on Mar 1 in Mexico City and agreed to resume the two countries’ halted FTA talks after a 14-year hiatus, on the occasion of the 60th anniversary of the establishment of Korea-Mexico diplomatic relations. Korea and Mexico presently share the same concerns over the rising risks of global supply chains from COVID-19 and the Ukraine situation, but anticipate that a bilateral FTA will act as a strategic l date2022-03-07

Korea-Hungary Ministers hold Closing Ceremony of the 4th Joint Commission on Economic Cooperation

Trade, Industry, and Energy Minister Moon Sung-wook held the closing ceremony of the 4th Korean-Hungarian Joint Commission on Economic Cooperation on Mar 3 at the Plaza Hotel Seoul with Hungarian Finance Minister Mihály Varga.   The two leaders agreed to promote close cooperation between their countries’ public institutions with regard to resolving difficulties faced by Korean companies in Hungary, in order to not only improve the investment environment, but also to expand bi date2022-03-04

Korea and Ecuador restart SECA negotiations

Trade Minister Yeo Han-koo held online talks with Ecuador's Production, Foreign Trade, Investment and Fisheries Minister Julio José Prado on Mar 2 in Mexico City to hold a virtual signing ceremony for restarting the temporarily halted Korea-Ecuador Strategic Economic Complementation Agreement (SECA) negotiations.  They also agreed to broaden their cooperation on global trade issues like supply chain, digital, carbon reduction, as well as the Comprehensive and Progressive Agreem date2022-03-04

Korea and Mexico agree to resume FTA talks

Trade Minister Yeo Han-koo held talks with Mexican Secretary of Economy Tatiana Clouthier on Mar 1 in Mexico City and agreed to resume talks on Korea-Mexico FTA, a first in their 14 years of stalled negotiations. date2022-03-04

Trade Minister holds gathering with ambassadors to Korea

Trade Minister Yeo Han-koo presided a gathering with ambassadors to Korea on February 24 at the Lotte Hotel Seoul for fostering talks on strengthening raw materials supply chain partnerships in light of the recent Russia-Ukraine crisis. Minister Yeo gave an opening message in which he introduced supply-demand stabilization measures regarding economic security items in preparation against possible raw materials supply setbacks amidst the Ukraine situation. He also participated in an exchange o date2022-02-28

Korea and Indonesia sign MOUs for expanding supply chain cooperation

Trade, Industry, and Energy Minister Moon Sung-wook visited Jakarta, Indonesia through 20-22 of February to hold the Korea-Indonesia Business Forum and raw materials supply chain cooperation with his Indonesian counterparts. One of the goals of this visit was to review the progress made so far since President Moon Jae-in’s state visit in 2017, during which Indonesia expressed commitment to the New Southern Policy. Moreover, the meeting was substantial as it strengthened the cooperation ba date2022-02-24

Trade Minister holds Korea-New Zealand talks

Trade Minister Yeo Han-koo held an online meeting with New Zealand Trade and Export Growth Minister Damien O’Connor on February 15.   The two trade chiefs exchanged views on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Indo-Pacific economic framework, and other major trade issues. The CPTPP involves 11 nations, including New Zealand, Japan, Australia, Canada and Mexico, which accounted for 15 percent of global trade volume as of 2019. &nbsp date2022-02-16

Trade Minister visits Switzerland to promote multilateral trade order

Trade Minister Yeo Han-koo visited Geneva, Switzerland through February 9-10 and met with various counterparts to discuss measures for strengthening the multilateral trade order. Minister Yeo met with International Trade Center Executive Director Pamela Coke-Hamilton and discussed prospects for cooperation in training up trade personnel. The meeting was followed by an online trade specialist session together with a local international trade law professor at the Permanent Mission of the Republ date2022-02-15