Ministry of Trade, Industry and Energy

Minister Moon visits Saudi Arabia to discuss Korea-Saudi energy cooperation

Trade, Industry and Energy Minister Moon Sungwook held Korea-Saudi Energy policy talks with Saudi Energy Minister, Prince Abdulaziz bin Salman al-Saud at Saudi Arabia’s Riyadh Chamber of Commerce and Industry on January 5, 2022. Addressing the strong energy cooperation of the two countries regarding oil, nuclear power and such conventional energy sources, the two Ministers agreed to strengthen their public-private policy efforts for bringing about an energy transition to a lower carbon ec date2022-01-10

Minister Moon visits Saudi Arabia to discuss Korea-Saudi energy and economic cooperation

Trade, Industry and Energy Minister Moon Sungwook visited Saudi Arabia on January 5 at the invitation of Saudi Arabia’s Saudi Energy Minister, Prince Abdulaziz bin Salman al-Saud, to discuss matters on energy and economic cooperation, together with Riyadh Chamber of Commerce and Industry Chairman Ajlan Al Ajlan. In talks with Minister Abdulaziz bin Salman, Minister Moon addressed the strong energy cooperation of the two countries, regarding oil, nuclear power and such conventional en date2022-01-06

Korea, Vietnam to strengthen cooperation for trade, industry, energy

Trade, Industry and Energy Minister Moon Sungwook (right) and his Vietnamese counterpart Nguyen Hong Dien held joint committee meetings in Seoul on December 22, to discuss cooperative measures on trade/investment, industrial technology, and energy resources. Minister Moon said, in his opening remarks, that close cooperation between the two countries will greatly help mutual development by restoring the global free trade order and enabling the establishment of resilient supply chains. In additi date2021-12-22

Korea, Uzbekistan promise stronger cooperation in trade, rare metals, and EVs

The Ministry of Trade, Industry and Energy organized a business roundtable with Uzbekistan on the occasion of Uzbek President Shavkat Mirziyoyev’s state visit to Korea, on December 17, to expand investment between the two countries and improve Korean firms’ business environment in Uzbekistan. The two countries also signed memorandum of understandings (MOUs) to establish a communication channel for energy, cooperate in the production of rare metals, and join efforts in developing ind date2021-12-17

Korea and Singapore announce conclusion of Korea’s first digital trade agreement, Korea-Singapore Digital Partnership Agreement (DPA)

Trade Minister Yeo Han-Koo and Singapore’s Second Minister for Trade and Industry Tan See Leng issued a Joint Statement on December 15 announcing the conclusion of the “Korea-Singapore Digital Partnership Agreement”, Korea’s first digital trade agreement.       Read more: date2021-12-15

Minister Moon meets with trade, industry experts to discuss future trade policy directions

Trade, Industry and Energy Minister Moon Sungwook held a forum with trade and industry experts on December 8 to exchange opinions on future trade policy directions as the Regional Comprehensive Economic Partnership (RCEP) will take effect next year.   Minister Moon said that the government will provide tailored support and consulting for each region and industry so that Korean firms can take advantage of the RCEP in doing business.   He added that Korea will actively engage in the date2021-12-08

Korea, Uzbekistan vow to expand energy, digital, green cooperation

Trade, Industry and Energy Minister Moon Sungwook (left) met with Uzbek Deputy Prime Minister and Minister of Investments and Foreign Trade Sardor Umurzakov in Seoul, on November 25, at the 11th Joint Committee on Trade and Economic Cooperation between Korea and Uzbekistan.   The two countries agreed to join efforts to expand energy, resource, digital and green cooperation. date2021-11-25

MOTIE minister meets with Kazakh Deputy Prime Minister

Trade, Industry and Energy Minister Moon Sungwook (right) met with Kazakhstan’s Deputy Prime Minister Roman Skylar in Seoul, on October 21, to discuss follow-up measures to a summit agreement in August to expand economic and industrial cooperation between the two countries.   Minister Moon expressed his gratitude that the Kazakhstani government has established a special working group dedicated to cooperative projects with Korea, and said that the Korean government will continue to p date2021-10-21

Korea initiates process to join Digital Economic Partnership Agreement (DEPA)

The Office of the Minister for Trade at the Ministry of Trade, Industry and Energy officially notified New Zealand, the Depositary of the Digital Economic Partnership Agreement (DEPA), of Korea’s intent to join the Agreement on September 13. The government has completed the domestic procedures to initiate negotiations on Korea’s accession to the DEPA, including a feasibility study (May 2020), public hearing (May 2021) and report to the National Assembly (August 2021), and has secure date2021-09-13

Korea, Colombia to expand cooperation in trade, investment

Trade, Industry and Energy Minister Moon Sungwook (left) attended a forum to discuss trade and investment cooperation between Korea and Colombia in Seoul, on August 25, held on the occasion of Colombian President Ivan Duque’s state visit to Korea.   Minister Moon suggested further economic cooperation between the two countries in various areas including trade, artificial intelligence (AI), clean energy, future cars, and health. date2021-08-25