Ministry of Trade, Industry and Energy

Trade Minister Yoo discusses policy strategies to boost exports at FTA policy forum

Trade Minister Yoo Myung-hee held the FTA policy forum with FTA-related companies, agencies, and trade experts at the Korea International Trade Association (KITA) in Seoul, on December 16, to discuss policy directions in response to the rapidly changing trade environment amid pandemic.   At the meeting, measures to utilize the recently signed Regional Comprehensive Economic Partnership (RCEP) to vitalize Korea’s exports, FTA strategies for the small and medium-sized companies to str date2020-12-18

Trade Minister Yoo discusses policy strategies to boost exports at FTA policy forum

Trade Minister Yoo Myung-hee held the FTA policy forum with FTA-related companies, agencies, and trade experts at the Korea International Trade Association (KITA) in Seoul, on December 16, to discuss policy directions in response to the rapidly changing trade environment amid pandemic.   At the meeting, measures to utilize the recently signed Regional Comprehensive Economic Partnership (RCEP) to vitalize Korea’s exports, FTA strategies for the small and medium-sized companies to str date2020-12-18

Minister Sung holds committee meeting to discuss post-corona trade policy

Trade, Industry and Energy Minister Sung Yun-mo held a committee meeting with government officials and experts on November 26, to discuss the post-corona trade policy and domestic measures in response to the trade environment challenges amid pandemic.Minister Sung said that the government plans to respond actively to changes in the global trade environment such as global supply chain rearrangements and the rapid digital transformation through free and open trade, strengthening cooperation with t date2020-11-26

MOTIE holds ROK-Sweden Digital Economy and Trade Forum

Trade Minister Yoo Myung-hee delivered welcoming remarks on the occasion of the Korea-Sweden Digital Economy and Trade Forum, held to strengthen digital cooperation between the two countries, on November 23.She stressed the need to reorganize international norms for digital trade, and expressed expectations for further business cooperation between the two countries with outstanding ICT infrastructure.Under the theme of “Digital and Green Transformation beyond COVID-19”, the participa date2020-11-24

Korea, Turkmenistan vow to strengthen comprehensive economic cooperation

Trade, Industry and Energy Minister Sung Yun-mo attended the 8th Meeting of Korea-Turkmenistan Intergovernmental Committee on Trade-Economic and Scientific-Technical Cooperation virtually on November 23, and discussed measures to expand bilateral cooperation in various areas including trade, investment, energy plants, industry, and information and communications technology. date2020-11-24

Minister Sung holds public-private meeting to talk about RCEP

Trade, Industry and Energy Minister Sung Yun-mo held a meeting with representatives from major industries, research institutes and economic organizations in Yeouido on November 18 to discuss ways to utilize the Regional Comprehensive Economic Partnership (RCEP) effectively to encourage Korea’s exports and industrial development. Minister Sung stressed that the RCEP can be a great opportunity for a manufacturing powerhouse like Korea, and it is important to respond adequately to the post-co date2020-11-18

Korea, Kazakhstan discuss measures for economic cooperation in various fields

Trade, Industry and Energy Minister Sung Yun-mo attended the 9th Meeting of Korea-Kazakhstan Intergovernmental Committee on Trade-Economic and Scientific-Technical Cooperation through videoconference on November 17, and discussed measures for cooperation in trade, investment, industry, energy, science and technology, health and medicine, agriculture, and environment. date2020-11-17

[JOINT MINISTERIAL STATEMENT - 31ST APEC MINISTERIAL MEETING 2020]

JOINT MINISTERIAL STATEMENT  31st APEC MINISTERIAL MEETING 2020 We, the APEC Ministers, met on 16 November 2020, under the Chairmanship of The Honourable Dato' Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry, Malaysia. This marks the first time that the APEC Ministerial Meeting (AMM) has convened virtually. We assessed the forum's achievements in 2020, provided guidance on future work, and discussed preparations for the 2020 APEC Economic Leaders' date2020-11-17

Korea, Indonesia agree to work together to overcome economic challenges amid pandemic

Trade, Industry and Energy Minister Sung Yun-mo (left) met with his Indonesian counterpart Bahlil Lahadalia in Seoul on November 12, to discuss ways to expand investment and industrial cooperation between the two nations. Minister Sung also requested that the two countries work together to overcome the difficult economic situation presented by COVID-19 and ensure smooth business activities by more than 2,000 Korean companies in steel, petrochemical, automobile, and textile industries operating i date2020-11-12

Minister Sung meets Uzbek counterpart at Joint Committee on Trade and Economic Cooperation

Trade, Industry and Energy Minister Sung Yun-mo met with Uzbek deputy prime minister for investments and foreign trade Sardor Umurzakov virtually at the 10th Joint Committee on Trade and Economic Cooperation between Korea and Uzbekistan on November 6, to call for bilateral trade talks and expanded digital cooperation. date2020-11-06