Ministry of Trade, Industry and Energy

Korea, Singapore begin talks on digital trade agreement

Trade Minister Yoo Myung-hee (right) talked with her Singaporean counterpart Chan Chun Sing via videoconference on June 22, to start negotiations on the Korea-Singapore Digital Partnership Agreement (KSDPA), the first digital trade deal for Korea.   Trade Minister Yoo said that the agreement is expected to help ease digital trade barriers between the two countries and enhance global competitiveness of new technology-based Korean firms.   The first official round of negotiations wil date2020-06-23

Korea, China discuss joint efforts to facilitate economic exchanges amid COVID-19

Trade, Industry and Energy Minister Sung Yun-mo (center) talked with his Chinese counterpart Zhong Shan via teleconference on April 17, to discuss ways to expand bilateral cooperation as a follow-up to the ASEAN+3 Special Summit held on April 14.   Minister Sung proposed that the two countries work together to allow businesspeople make essential trips across borders. The two countries also agreed to work toward signing the Regional Comprehensive Economic Partnership (RCEP) agreement withi date2020-04-17

Korea, Vietnam seek closer cooperation in stabilizing global supply chain affected by COVID-19

Trade, Industry and Energy Minister Sung Yun-mo (right) talked with his Vietnamese counterpart Tran Tuan Anh via videoconference on April 13, to discuss ways to expand bilateral economic ties and to cooperate for the smooth functioning of the global supply chain affected by the new coronavirus spread. Minister Sung emphasized the importance of maintaining business activities by granting entry ban exemptions for the businesspeople. The two countries also agreed to establish Electronic Origin Dat date2020-04-14

Trade Minister Yoo attends meeting held by Seoul Japan Club

Trade Minister Yoo Myung-hee (center) underlined a bridge role of Japanese companies doing business in Korea for economic cooperation between Korea and Japan in a meeting with members of the Seoul Japan Club in Seoul on December 11.The meeting was attended by more than 50 representatives from Japanese companies operating in Korea. date2019-12-16

Minister Sung attends 2nd Korea-Central Asia Economic Cooperation Strategy Meeting

Trade, Industry and Energy Minister Sung Yun-mo delivered congratulatory remarks and awarded government prizes to individuals who contributed to promoting economic cooperation between Korea and Central Asian countries at the second Korea-Central Asia Economic Cooperation Strategy Meeting in Seoul on December 6.   The meeting was attended by more than 100 government officials and representatives from businesses making inroads into Central Asia. Among them were KOTRA President Kwon Pyung-oh date2019-12-06

Trade Minister Yoo delivers remarks at 2nd Korea-China Business Leaders and Former Government Officials Dialogue

Trade Minister Yoo Myung-hee (second from the left) delivered congratulatory remarks at the 2nd Korea-China Business Leaders and Former Government Officials Dialogue in Seoul on Dec 5.   The event was attended by business leaders and government officials from both countries, including Lawmaker Chung Sye-kyun, SK Group President Chey Tae-won, and China Center for International Economic Exchanges (CCIEE) President Zeng Peiyan. date2019-12-06

Minister Sung and Party Secretary of China’s Shandong Province sign MOU on economic cooperation

Trade, Industry and Energy Minister Sung Yun-mo (right) and China’s Secretary of Shandong Provincial Party Committee Liu Jiayi signed a MOU to expand bilateral trade ties and economic cooperation in Seoul on Dec 2. date2019-12-04

Minister Sung meets with industry leaders to discuss RCEP and FTAs with Southeast Asian countries

Trade, Industry and Energy Minister Sung Yun-mo presided over a meeting in Seoul on Nov 5 with representatives from industry and academia to discuss the meaning and significance of Regional Comprehensive Economic Partnership (RCEP), a major Asian-Pacific trade pact set to be signed in 2020.   Minister Sung and the participants also shared thoughts on the recent progress in negotiations for FTAs with Southeast Asian countries.The participants included Korea Trade-Investment Promotion Agen date2019-11-07

Vice Minister Cheong meets with Latvian Economy Minister

Trade, Industry and Energy Vice Minister Cheong Seung-il (right) met with Latvia’s Economy Minister Ralfs Nemiro in Seoul on Oct 25 and exchanged views on boosting industry and economic cooperation between Korea and Latvia. date2019-10-29

Korea, Indonesia conclude CEPA talks to expand economic cooperation

Korea’s Trade Minister Yoo Myung-hee and Indonesia’s Trade Minister Enggartiasto Lukita signed a joint statement marking the conclusion of negotiations of the Korea-Indonesia Comprehensive Economic Partnership Agreement (KI-CEPA) in Tangerang on October 16.The Agreement will strengthen the economic relations between the two countries by improving the cross-border flows of goods, services, people, and investment.Read the joint statement here: date2019-10-18