Ministry of Trade, Industry and Energy

Korea, Indonesia reach preliminary agreement on CEPA

Korea and Indonesia have reached a preliminary consensus on the Comprehensive Economic Partnership Agreement (CEPA). Trade Minister Yoo Myung-Hee (left) and her Indonesian counterpart Enggartiasto Lukita announced the in-principle agreement at Tangerang, Indonesia on Oct 16. date2019-10-17

Trade Minister Yoo attends the 51st Korea-Japan Economic Association Conference

Trade Minister Yoo Myung-hee (third from the left) addressed an opening speech at the 51st Korea-Japan Economic Association Conference in Seoul on Sep 24.   About 300 business leaders from both countries discussed how to restore bilateral economic ties at the annual meeting. date2019-09-24

Trade Minister Yoo attends Korea-Myanmar MOU signing ceremony

Trade Minister Yoo Myung-hee (center) attended the Myanmar-ROK MOU Signing Ceremony for economic and infrastructure development held in Yangon on September 4. The agreements will bolster cooperation in various industries between the two countries and provide an opportunity for Korean companies to expand their export markets.   date2019-09-05

Korea, UK sign continuity free trade agreement in London

Trade Minister Yoo Myung-hee (right) signed a continuity FTA with the UK’s Secretary of State for International Trade Elizabeth Truss in London, Aug 22.   The agreement focuses on maintaining the bilateral trade relations at the same level as the existing Korea-EU FTA, allowing businesses to trade freely in the event of a no-deal Brexit.   date2019-08-23

Korea, Israel sign bilateral free trade agreement in Jerusalem

Trade Minister Yoo Myung-hee (left) and Israel’s Economy Minister Eli Cohen declared the conclusion of the Korea-Israel FTA in Jerusalem on Aug 21.    The trade pact will further promote bilateral trade in a variety of areas including parts, materials and equipment industries.   date2019-08-22

Trade Minister Yoo Meets with Australia’s Trade Minister

Trade Minister Yoo Myung-hee (right) had a meeting with Australia’s Minister for Trade, Tourism and Investment Simon Birmingham in Seoul on Aug 5.    The Ministers explored ways to boost trade and investment between the two countries and expand cooperation in the energy sector.   date2019-08-06

Trade Minister Yoo Attends the 8th RCEP Intersessional Ministerial Meeting

Trade Minister Yoo Myung-hee (fourth from the right in the front row) attended the 8th Regional Comprehensive Economic Partnership (RCEP) intersessional ministerial meeting in Beijing from Aug 2 to 3.    During the meeting, Trade Minister Yoo met with her counterparts and discussed ways to conclude the trade pact this year. She also addressed the unfairness of Japan's recent export restriction measure to the RCEP member states and called on Japan to withdraw the move.   The me date2019-08-05

Minister Sung meets with Pakistan’s Adviser to Prime Minister on Commerce

Trade, Industry and Energy Minister Sung Yun-mo (right) had a meeting with Pakistan's Adviser to Prime Minister on Commerce, Textile, Industries and Investment Abdul Razak Dawood in Seoul on August 1.   Minister Sung and Adviser Dawood discussed ways to promote investment between the two countries and expand bilateral cooperation in the fields of infrastructure construction.   date2019-08-01

Trade Minister Yoo delivers speech at the Korea-Israel economic forum in Seoul

Trade Minister Yoo Myung-hee (third from the right) delivered a keynote speech at the Korea-Israel economic forum held in Yeouido, Seoul, on July 16.   During her speech, she said Korea and Israel can boost their bilateral ties in a mutually beneficial manner, as Israel has strength in hardware and Korea in software.   Under the theme of “the Fourth Industrial Revolution and Economic Cooperation between Korea and Israel”, the forum was attended by more than 200 particip date2019-07-17

Korea, Malaysia announce official launch of FTA talks

Trade Minister Yoo Myung-hee (center) had a video conference with Malaysian International Trade and Industry Minister Darell Leiking in the Government Complex Gwacheon to officially announce the launch of Korea-Malaysia Free Trade Agreement negotiations on June 27.The two sides agreed to work towards signing the deal by this November when the Korea-Association of Southeast Asian Nations (ASEAN) special summit is scheduled to take place in Busan, Korea’s largest port city. date2019-06-28