Ministry of Trade, Industry and Energy

Trade Minister Yoo Attends the 8th RCEP Intersessional Ministerial Meeting

Trade Minister Yoo Myung-hee (fourth from the right in the front row) attended the 8th Regional Comprehensive Economic Partnership (RCEP) intersessional ministerial meeting in Beijing from Aug 2 to 3.    During the meeting, Trade Minister Yoo met with her counterparts and discussed ways to conclude the trade pact this year. She also addressed the unfairness of Japan's recent export restriction measure to the RCEP member states and called on Japan to withdraw the move.   The me date2019-08-05

Minister Sung meets with Pakistan’s Adviser to Prime Minister on Commerce

Trade, Industry and Energy Minister Sung Yun-mo (right) had a meeting with Pakistan's Adviser to Prime Minister on Commerce, Textile, Industries and Investment Abdul Razak Dawood in Seoul on August 1.   Minister Sung and Adviser Dawood discussed ways to promote investment between the two countries and expand bilateral cooperation in the fields of infrastructure construction.   date2019-08-01

Trade Minister Yoo delivers speech at the Korea-Israel economic forum in Seoul

Trade Minister Yoo Myung-hee (third from the right) delivered a keynote speech at the Korea-Israel economic forum held in Yeouido, Seoul, on July 16.   During her speech, she said Korea and Israel can boost their bilateral ties in a mutually beneficial manner, as Israel has strength in hardware and Korea in software.   Under the theme of “the Fourth Industrial Revolution and Economic Cooperation between Korea and Israel”, the forum was attended by more than 200 particip date2019-07-17

Korea, Malaysia announce official launch of FTA talks

Trade Minister Yoo Myung-hee (center) had a video conference with Malaysian International Trade and Industry Minister Darell Leiking in the Government Complex Gwacheon to officially announce the launch of Korea-Malaysia Free Trade Agreement negotiations on June 27.The two sides agreed to work towards signing the deal by this November when the Korea-Association of Southeast Asian Nations (ASEAN) special summit is scheduled to take place in Busan, Korea’s largest port city. date2019-06-28

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