Ministry of Trade, Industry and Energy

Minister Sung and Party Secretary of China’s Shandong Province sign MOU on economic cooperation

Trade, Industry and Energy Minister Sung Yun-mo (right) and China’s Secretary of Shandong Provincial Party Committee Liu Jiayi signed a MOU to expand bilateral trade ties and economic cooperation in Seoul on Dec 2. date2019-12-04

Minister Sung meets with industry leaders to discuss RCEP and FTAs with Southeast Asian countries

Trade, Industry and Energy Minister Sung Yun-mo presided over a meeting in Seoul on Nov 5 with representatives from industry and academia to discuss the meaning and significance of Regional Comprehensive Economic Partnership (RCEP), a major Asian-Pacific trade pact set to be signed in 2020.   Minister Sung and the participants also shared thoughts on the recent progress in negotiations for FTAs with Southeast Asian countries.The participants included Korea Trade-Investment Promotion Agen date2019-11-07

Vice Minister Cheong meets with Latvian Economy Minister

Trade, Industry and Energy Vice Minister Cheong Seung-il (right) met with Latvia’s Economy Minister Ralfs Nemiro in Seoul on Oct 25 and exchanged views on boosting industry and economic cooperation between Korea and Latvia. date2019-10-29

Korea, Indonesia conclude CEPA talks to expand economic cooperation

Korea’s Trade Minister Yoo Myung-hee and Indonesia’s Trade Minister Enggartiasto Lukita signed a joint statement marking the conclusion of negotiations of the Korea-Indonesia Comprehensive Economic Partnership Agreement (KI-CEPA) in Tangerang on October 16.The Agreement will strengthen the economic relations between the two countries by improving the cross-border flows of goods, services, people, and investment.Read the joint statement here: date2019-10-18

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