Ministry of Trade, Industry and Energy

Trade Minister signs Korea-Central America FTA in Seoul

Trade Minister Kim Hyun-chong (third from left) posed for a photo with ministers from five Central American countries at the signing ceremony of the Korea-Central America Free Trade Agreements (FTA) in downtown Seoul on February 21.During the ceremony, Trade Minister Kim signed free trade agreements with representatives from five Central American countries: El Salvadoran Economy Minister Tharsis Salomón López Guzmán, Honduran Minister of Economic Development Arnaldo Castillo date2018-02-21

Minister Paik convenes conference for cooperation with Saudi Arabia and UAE

Trade, Industry and Energy Minister Paik Ungyu (left) delivered opening remarks at a conference that was held to discuss the progress of economic cooperation with Saudi Arabia and the U.A.E. at the Korea Technology Center in Seoul on February 14.During the conference, Minister Paik highlighted the importance of continuous efforts in the energy and industry sectors to expand cooperation with Saudi Arabia and the U.A.E.The conference was attended by about 20 leaders in the energy, trade, and indus date2018-02-14

Minister Paik visits Vietnam for industrial cooperation

Trade, Industry and Energy Minister Paik Ungyu (second from left) shook hands with Vietnam’s Industry and Trade Minister Tran Tuan Anh (second from right) at the Korea-Vietnam Business Roundtable at a hotel in Ho Chi Minh City on February 2.After delivering his opening remarks at the meeting, Minister Paik discussed ways to support Korean companies in Vietnam and address their challenges through policies of the Korean and Vietnamese governments.The roundtable was attended by about 30 gover date2018-02-05

Korea, US conclude second meeting on amendments to FTA in Seoul

The Ministry of Trade, Industry and Energy (MOTIE) announced on February 1 that the second round of negotiations on amendments to the Korea-U.S. Free Trade Agreement (KORUS FTA) took place in Seoul on January 31 and February 1.At the talks, the two sides had more detailed discussions on the issues raised at the first round of negotiations held in Washington D.C. on January 5, 2018. They also exchanged their views on market access and tariffs.The Korean delegation was led by Deputy Minister for F date2018-02-01

Korea, US start second round of talks to amend trade deal

Deputy Minister for FTA Negotiations Yoo Myung-hee (third from left) of the Ministry of Trade, Industry and Energy (MOTIE) and Assistant U.S. Trade Representative for Japan, Korea and APEC Michael Beeman (third from right) began the two-day second round of negotiations on amendments to the Korea-U.S. Free Trade Agreement (KORUS FTA) at a hotel in downtown Seoul on January 31.At the meeting, the Korean and U.S. delegations had a further discussion on the issues raised at the first round of negoti date2018-01-31

Korea, US to hold second round of FTA amendment talks in Seoul

The Ministry of Trade, Industry and Energy (MOTIE) announced on January 26 that the second round of negotiations on amendments of the Korea-U.S. Free Trade Agreement (KORUS FTA) will take place in Seoul on January 31 and February 1, 2018. The Korean delegation will be led by Yoo Myung-hee, Director General for Trade Policy Bureau of MOTIE, and the U.S. delegation will be led by Michael Beeman, Assistant U.S. Trade Representative for Japan, Korea and APEC. In the upcoming meeting, the two sides date2018-01-26

Trade Minister Kim hosts meeting to discuss measures against U.S. tariffs on washers and solar cells

Trade Minister Kim Hyun-chong (second from left) chaired a meeting with corporate leaders from Korean washing machine and solar makers to discuss measures against new U.S. tariffs on imported washers and solar panels in Seoul on January 23.  According to an announcement made by the Office of the U.S. Trade Representative (USTR) on January 22 (local time), President Donald Trump approved tariffs on imported large residential washers as well as imported solar cells and modules. This suggests date2018-01-23

Korea-EU FTA committee discusses stronger trade ties in Brussels

The Ministry of Trade, Industry and Energy announced on January 20 that the Ministry and the European Commission convened the seventh meeting of the Korea-EU Trade Committee in Brussels, Belgium on January 19.The Korea-EU Trade Committee is established under the Korea-EU Free Trade Agreement (FTA) to ensure the proper operation of the trade pact and meets annually.In this year’s meeting co-chaired by Trade Minister Kim Hyun-chong and EU Commissioner for Trade Cecilia Malmström, the tw date2018-01-20

Follow-up FTA talks with China

Deputy Minister for Trade Kang Sung-chun spoke at a public hearing on the follow-up negotiations for the Korea-China Free Trade Agreement (FTA) at the COEX in Southern Seoul on January 5, 2018.   The Ministry of Trade, Industry and Energy hosted the public hearing to gather opinions from interested parties and experts ahead of starting negotiations to expand the Korea-China FTA to include trade in services and investments. The public hearing is one of the domestic procedures required unde date2018-01-05

Ministry holds public hearing on follow-up negotiations for Korea-China FTA

The Ministry of Trade, Industry and Energy announced that it will host a public hearing on January 5 about the negotiations to expand the Korea-China Free Trade Agreement to include trade in services and investments.The public hearing will be held at the COEX in Southern Seoul to gather opinions from interested parties and experts as such move is required under Article 7 of the “Act on the Conclusion Procedure and Implementation of Commercial Treaties” ahead of the negotiations.When date2018-01-05