Ministry of Trade, Industry and Energy

Minister Sung discusses bilateral ties with Saudi Energy Minister in Seoul

Trade, Industry and Energy Minister Sung Yun-mo (left) had a meeting with Saudi Arabian Energy Minister Khalid Al-Falih in Seoul on June 27 to discuss the Korea-Saudi Vision 2030 and cooperation in nuclear energy.The day before the meeting, the two Ministers signed memoranda of understanding (MOUs) for cooperation in the automobile industry and hydrogen economy in the presence of President Moon Jae-in and Saudi Crown Prince Mohammed bin Salman. date2019-06-27

Korea, Indonesia hold industry ministerial meeting in Seoul

Trade, Industry and Energy Minister Sung Yun-mo (left) had a meeting with Indonesia’s Industry Minister Airlangga Hartarto in Seoul on June 26.The two Ministers discussed ways to expand bilateral trade and to improve cooperation in key industries such as steel, petrochemicals, and automobiles. date2019-06-26

Korea, Russia announce launch of FTA talks in service, investment

Trade Minister Yoo Myung-hee (left) and Russia’s Economic Development Minister Maxim Oreshkin signed the joint statement on the official launch of negotiations for a Korea-Russia free trade agreement in service and investment at a meeting held in Moscow on June 20 (local time).After the signing, Trade Minister Yoo visited the Skolkovo Innovation Center to discuss innovation and cooperation between Korean and Russian businesses. date2019-06-21

Trade Minister Yoo meets with Canada’s Trade Diversification Minister

Trade Minister Yoo Myung-hee (left) had a meeting with Canadian International Trade Diversification Minister Jim Carr in Seoul on June 10.The Ministers discussed a range of issues with a focus on bilateral trade, including the implementation of the Korea-Canada Free Trade Agreement. date2019-06-10

Korea, UK sign bilateral free trade agreement in principle in Seoul

Trade Minister Yoo Myung-hee (left) signed a Korea-UK free trade agreement in principle with UK Secretary of State for International Trade Liam Fox in Seoul on June 10.The agreement was reached to ensure the stability and continuity of the trade between the two countries ahead of Britain’s exit from the European Union. date2019-06-10

Trade Minister Yoo meets with India’s Commerce Minister in Japan

Trade Minister Yoo Myung-hee (left) met with India’s Minister of Commerce and Industry Piyush Goyal on June 8 at the G20 Ministerial Meeting on Trade and Digital Economy held in Tsukuba, Japan.The Ministers reconfirmed the agreement that the two sides will strike a deal within this year to enhance the Korea-India Comprehensive Economic Partnership Agreement (CEPA). As part of this effort, they agreed to find ways to accelerate the negotiations at a June meeting. date2019-06-10

Korea, Philippines launch free trade negotiations in Seoul

Trade Minister Yoo Myung-hee (right) and the Philippines’ Secretary of Trade and Industry Ramon M. Lopez signed a joint declaration to launch negotiations for a free trade agreement between Korea and the Philippines at a ceremony held in Seoul on June 3.During the event, Trade Minister Yoo said the Korea-Philippines FTA will provide opportunities for both countries to significantly expand their trade and investment. She emphasized that by removing tariffs and non-tariff barriers, the bilat date2019-06-03

Industry Ministry, China’s Jiangsu Province to advance trade, investment ties

Trade, Industry and Energy Minister Sung Yun-mo (left) met with Communist Party Secretary of China’s Jiangsu Province Lou Qinjian in Seoul on May 27.Minister Sung and Secretary Lou discussed ways to promote cooperation between the two sides in industry, trade, and investment.As part of this effort, the two officials signed a memorandum of understanding on improving economic and trade ties. Both sides agreed to enhance collaboration in new industries as well as industrial complexes located date2019-05-27

Korea, Brazil to strengthen trade, investment ties

Deputy Minister for FTA Negotiations Yeo Han-koo (left) met with Brazilian Minister of Foreign Affairs Ernesto Araújo to exchange views on a range of issues between the two countries, including the Korea-MERCOSUR trade agreement, in Brasilia on May 20 (local time).Deputy Minister Yeo also gave an opening speech at the Korea-Brazil Forum for Industrial Cooperation held in São Paulo on the following day.During his speech, Deputy Minister Yeo said that the potential for trade expansio date2019-05-22

Minister Sung convenes breakfast meeting with Korean business leaders in Uzbekistan

Trade, Industry and Energy Minister Sung Yun-mo (center) convened a breakfast meeting with Korean business leaders to discuss economic cooperation with Uzbekistan in Tashkent on April 19 (local time).On the same day, government agencies, institutions, and companies from Korea and Uzbekistan signed a total of ten memoranda of understanding (MOUs) as an effort to expand cooperation and promote industrial diversification. The areas of cooperation include information and communication technology, di date2019-04-19