Ministry of Trade, Industry and Energy

Korea, Philippines hold trade ministerial meeting in Manila

Trade Minister Yoo Myung-hee (fifth from the right) and Philippine Trade and Industry Secretary Ramon M. Lopez (fifth from the left) explored ways to boost economic and trade ties between the two countries at a ministerial meeting held in Manila on April 17 (local time).The two sides agreed to make the best effort to conclude negotiations for a bilateral free trade agreement in time for the Korea-ASEAN Commemorative Summit scheduled in November 2019.This year marks the 70th anniversary of t date2019-04-17

Minister Sung and Turkmen Finance Minister vow to step up cooperation in industry and energy

Trade, Industry and Energy Minister Sung Yun-mo (left) and Turkmenistan Finance and Economy Minister Batyr Bazarov signed a memorandum of understanding (MOU) on expanding cooperation in standardization at a Korea-Turkmenistan MOU signing ceremony held in Ashgabat on April 16 (local time).In addition to the above signed MOU, five more MOUs were inked between the two countries to improve ties in various areas of industry and energy, including transportation infrastructure, synthetic textiles, and date2019-04-16

Minister Sung encourages greater cooperation between Korean and Chinese businesses

Trade, Industry and Energy Minister Sung Yun-mo delivered a speech at a dinner organized during the eighth Korea-Guangdong Economic and Trade Development Forum that took place in Seoul on April 4.During his remarks, Minister Sung encouraged greater cooperation between Korean and Chinese businesses. More than 200 corporate leaders were present at the dinner.Minister Sung also had a meeting with China’s Guangdong Province Governor Ma Xingrui where both officials agreed to expand investment a date2019-04-04

8th Korea-Guangdong Economic and Trade Development Forum takes place in Seoul

Trade Minister Yoo Myung-hee (third from the left) gave congratulatory remarks at the eighth Korea-Guangdong Economic and Trade Development Forum, which was held in Seoul on April 4 to discuss ways to cooperate in the age of the Fourth Industrial Revolution.During her speech, Trade Minister Yoo highlighted that Korea and the Chinese province of Guangdong need to expedite cooperation as first movers rather than as fast followers.The event was attended by more than 250 participants from government date2019-04-04

Trade Minister Yoo discusses expanding economic ties with China’s Guangdong Governor

Trade Minister Yoo Myung-hee (left) had a meeting with China’s Guangdong Province Governor Ma Xingrui in Seoul on April 4.During the meeting, Minister Yoo and Governor Ma discussed ways to improve bilateral economic ties, including expanding investment between the two sides.The meeting was attended by government officials and business leaders from both countries. date2019-04-04

2nd Korea-Saudi Arabia Vision 2030 Committee Meeting takes place in Seoul

Trade, Industry and Energy Minister Sung Yun-mo (left) and Saudi Arabia’s Economy and Planning Minister Mohammed Al-Tuwaijri signed an agreed minute at the second Korea-Saudi Vision 2030 Committee Meeting held in Seoul on April 3.During the meeting, the two countries discussed nearly 40 cooperation projects in five different areas and their implementation plans. These five areas are manufacturing and energy, digital and smart infrastructure, capability enhancement, public healthcare and li date2019-04-03

Minister Sung delivers speech at Korea-Saudi Arabia Business Forum in Seoul

Trade, Industry and Energy Minister Sung Yun-mo and Saudi Arabia’s Economy and Planning Minister Mohammed Al-Tuwaijri attended the Korea-Saudi Arabia Business Forum held in Seoul on April 3.The event was attended by more than 350 government officials and business leaders from both countries, including Korea Chamber of Commerce and Industry (KCCI) Vice President Kong Young-Woon, Korea Trade-Investment Promotion Agency (KOTRA) President Kwon Pyung-oh, and Saudi Ambassador to Korea Riyadh Al date2019-04-03

Minister Sung meets with Saudi Economy and Planning Minister in Seoul

Trade, Industry and Energy Minister Sung Yun-mo (left) met with Saudi Arabia’s Economy and Planning Minister Mohammed Al-Tuwaijri in Seoul on April 3.During the meeting, the two Ministers discussed various bilateral cooperation issues such as the Korea-Saudi Vision 2030 committee and nuclear power industry. date2019-04-03

The 2nd Korea-Saudi Arabia Vision 2030 Committee Meeting takes place in Seoul

Trade, Industry and Energy Minister Sung Yun-mo and Saudi Arabia’s Economy and Planning Minister Mohammad Al-Tuwaijri reviewed the status of bilateral economic cooperation between Korea and Saudi Arabia and discussed future plans at the second Korea-Saudi Vision 2030 Committee Meeting held in Seoul on April 3.During the meeting, the two countries discussed nearly 40 cooperation projects in five different areas of economic cooperation and their implementation plans.In conjunction with this date2019-04-03

Korea, China discuss expanding industrial cooperation at 2019 Boao Forum

Trade, Industry and Minister Sung Yun-mo (left) had a meeting with Chinese Industry and Information Technology Minister Miao Wei at the Boao Forum for Asia Annual Conference 2019 held in Hainan on March 28 (local time).During the meeting, the two Ministers discussed ways to enhance win-win cooperation in new industries such as hydrogen cars, autonomous vehicles, and eco-industrial parks in preparation for the Fourth Industrial Revolution.Both sides also agreed to hold the fourth Korea-China Indu date2019-03-28