Ministry of Trade, Industry and Energy

Trade Minister meets German State Secretary

Trade Minister Kim Hyon-chong (left) met German State Secretary Ulrich Nussbaum at the Federal Ministry for Economic Affairs and Energy to discuss trade issues between the two nations in Germany, on May 28.    During the meeting, Trade Minister Kim outlined Korea’s views on the safeguard investigation currently being undertaken by the EU into imported steel products, and discussed other trade-related issues, such as the U.S. steel tariffs based on Section 232 of the Trade Expan date2018-05-30

Korea, MERCOSUR begin trade negotiations

Trade Minister Kim Hyon-chong (third from left) announced the launch of negotiations on the trade agreement between Korea and the MERCOSUR group, alongside his counterparts from the MERCOSUR member states of Brazil, Argentina, Paraguay, and Uruguay, in Seoul on May 25.   The representatives at the ceremony included Uruguayan Foreign Minister Rodolfo Nin Novoa, Paraguayan Foreign Minister Eladio Loizaga, Brazilian Foreign Minister Aloysio Nunes Ferreira, Argentine Secretary for Intern date2018-05-25

[Press Release] Korea, MERCOSUR launch trade talks

Korea, MERCOSUR begin trade negotiationsMinistry of Trade, Industry and EnergyMay 25, 2018  Seoul, Korea - His Excellency, Trade Minister of the Republic of Korea Kim Hyun-chong, met with His Excellencies, Eladio Loizaga for Paraguay, in charge of the Pro Temporary Presidency, Aloysio Nunes Ferreira Filho for Brazil and Rodolfo Nin Novoa for Uruguay, Foreign Ministers of the MERCOSUR Member States, the Minister of Industry, Foreign Trade and Services of the Federative Republic of Brazi date2018-05-25

Minister Paik meets with Chinese counterpart to discuss bilateral ties

Trade, Industry and Energy Minister Paik Ungyu (right) met with Chinese Minister of Industry and Information Technology Miao Wei to discuss measures to boost Korea-China cooperation across a wide range of industries, including electric vehicle (EV) batteries, in Seoul on May 24.   During the third Korea-China Industry Ministerial Meeting, Minister Paik and Minister Wei agreed to support Korean battery makers in the Chinese market, expand cooperation in battery test procedures and battery date2018-05-24

Korea, EU agree to expand cooperation on clusters

Vice Minister of Trade, Industry and Energy Lee In-ho (left) signed an administrative arrangement to cooperate on clusters between the Ministry, the Korea Industrial Complex Corporation and the European Commission's Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW), in Brussels on May 23.    Director-General of the DG GROW Lowri Evans also attended the signing.    In accordance with the arrangement, Korea and the EU will plan more meet date2018-05-23

Minister Paik talks past, future with Thai PM

Minister of Trade, Industry and Energy Paik Ungyu (left) and Thai Prime Minister Prayuth Chan-o-cha recapped the past 60 years of diplomatic ties between Korea and Thailand and discussed ways to expand trade and investment between the two economies during a meeting in Bangkok on May 16.Marking the 60th anniversary of the diplomatic relationship between the two countries, Minister Paik first thanked the Thai government for its continual support for Korea, from dispatching troops to the peninsula date2018-05-16

Minister Paik pushes for Korea-Singapore ties in industry, energy, and trade

Minister of Trade, Industry and Energy Paik Ungyu (right) sought stronger Korea-Singapore ties in terms of industry, energy, and trade, and called for more joint action in those areas, during talks with Singaporean Minister for Trade and Industry Chan Chun Sing, in Singapore on May 15.   During his two-day visit to Singapore, Minister Paik agreed with his Singaporean counterpart to work together in response to the Fourth Industrial Revolution. The two ministers discussed collaboration be date2018-05-15

Ministry launches task force to study effect of re-imposed US sanctions on Iran

Vice Minister of Trade, Industry and Energy Lee In-ho (right) led the inaugural meeting of the Ministry’s task force, launched to deal with renewed U.S. sanctions on Iran, in Seoul on May 9.   Other attendees included refineries and oil industry groups. The Ministry launched the task force following the U.S. decision to withdraw from the Joint Comprehensive Plan of Action (JCPA) and to re-impose sanctions on Iran.   The task force will study any possible impact on the Korea date2018-05-09

Minister Paik discusses Korea-Japan industrial and trade ties

Minister of Trade, Industry and Energy Paik Ungyu (left) met with Japanese Minister of Economy, Trade and Industry Hiroshige Seko to enhance their bilateral cooperation in the industrial, energy, and trade sectors in Tokyo on May 8.   In his opening remarks during the ministerial meeting, Minister Paik said that the two countries should seek new business models to lead in an age of the Fourth Industrial Revolution.   The two trade ministers shared their vision to adopt cutting-edg date2018-05-08

Minister Paik talks with Saudi counterpart to improve energy and industrial ties

Trade, Industry and Energy Minister Paik Ungyu (right) talked with Saudi Arabia’s Energy, Industry, and Mineral Resources Minister Khalid A. Al-Falih to bolster energy and industrial ties in Seoul on May 4.The two ministers reviewed the progress of the Korea-Saudi Arabia Vision 2030, agreed to coordinate its second committee meeting, and discussed cooperation in automobile and pharmaceutical and biomedical industries.Minister Paik showed Korea’s interest in participating in Saudi Ara date2018-05-04