Ministry of Trade, Industry and Energy

Minister Sung visits UAE to enhance industrial bilateral ties

Industry, Trade and Energy Minister Sung Yun-mo (right) met with Abu Dhabi Executive Affairs Authority Chairman Khaldoon Khalifa Al Mubarak in the UAE on January 13 (local time).Minister Sung and Chairman Al Mubarak discussed ways of enhancing bilateral cooperation in industry and investment, including nuclear power plants.Prior to the meeting with Chairman Al Mubarak, Minister Sung also held a gathering to encourage the representatives of the Korean corporations participating in the Barakah pow date2019-01-14

Korea’s National Assembly ratifies revised KORUS FTA

The Ministry of Trade, Industry and Energy announced that the Korean National Assembly ratified the revised Korea-U.S. free trade agreement (KORUS FTA) on December 7. The Korean government submitted a bill for the ratification of the revised KORUS FTA to the National Assembly on October 12. Now that the domestic procedure for implementing the deal is complete in Korea, the Korean government will discuss with its U.S. counterpart for the revised KORUS FTA to take effect on January 1, 2019. date2018-12-07

Minister Sung signs action plan with Vietnamese counterpart to boost trade cooperation

Trade, Industry and Energy Minister Sung Yunmo (left) and Vietnam’s Industry and Trade Minister Tran Tuan Anh signed an action plan to achieve bilateral trade of USD 100 billion by 2020 in Seoul on December 6.The action plan has been developed to step up cooperation between the two countries on various fields, including retail, automobiles, and materials and components. date2018-12-06

Minister Sung meets with U.S. Ambassador to Korea Harry Harris

Minister of Trade, Industry and Energy Sung Yunmo (right) met with U.S. Ambassador to Korea Harry B. Harris at the Government Complex Seoul on November 16.During the meeting, Minister Sung and Ambassador Harris discussed bilateral cooperation between the two countries on economy, trade, and energy. date2018-11-16

Minister Sung meets with Canadian Senate Speaker George Furey

Trade, Industry and Energy Minister Sung Yunmo (right) met with Canadian Senate Speaker George Furey for a discussion at the Government Complex Seoul on November 12.The meeting was also attended by Canadian Senators Grant Mitchell, Yonah Martin, and Sarabjit S. Marwah, as well as Canadian Ambassador-designate to Korea Michael Danagher. date2018-11-12

Trade Ministry to enhance industrial cooperation with Bulgaria

The Ministry of Trade, Industry and Energy held the second Korea-Bulgaria Industrial Cooperation Committee with the Korea Trade Commission’s Standing Commissioner Kang Myung-soo (left) and Bulgarian Deputy Minister of Economy Lachezar Borisov leading the talks in Seoul on November 2.The two sides discussed efforts for cooperation in economy, trade, and energy. They also talked about enhancing collaboration between private sectors and providing more support to Korean businesses in Bulgaria. date2018-11-02

Minister Sung attends Korea-Italy Business Networking Seminar in Rome

Trade, Industry and Energy Minister Sung Yunmo (center) attended the memorandum of understanding (MOU) signing ceremony held at the Korea-Italy Business Networking Seminar in Rome, Italy, on October 17.At the event, the Korea Trade-Investment Promotion Agency (KOTRA) and the Italian Trade Agency (ITA) signed an MOU for investment cooperation between the two countries. KOTRA also inked an MOU with Istituo Marangoni for the advancement of fashion design.During the ceremony, Minister Sung delivered date2018-10-18

Trade Ministry, USTR sign revised KORUS FTA

Seoul, Korea - The Ministry of Trade, Industry and Energy announced that Trade Minister Kim Hyun-chong and United States Trade Representative Robert Lighthizer signed the revised Korea-U.S. (KORUS) Free Trade Agreement as a summit between the Korean and U.S. presidents took place in New York City on September 24 (local time). The Trade Ministry will now proceed with its remaining domestic procedures, including submitting an approval request to the Korean National Assembly. date2018-09-25

Trade Minister Kim, USTR Lighthizer sign revised KORUS FTA

Trade Minister Kim Hyun-chong (left) and United States Trade Representative Robert Lighthizer signed the revised Korea-U.S. (KORUS) Free Trade Agreement as a summit between Korean and U.S. presidents took place in New York City on September 24.The Trade Ministry now plans to proceed with its remaining domestic procedures, including submitting an approval request to the Korean National Assembly. date2018-09-24

Trade Minister Kim chairs meeting to discuss recent trade issues and review existing trade deals

Trade Minister Kim Hyun-chong (second from left) chaired a meeting to discuss recent international trade issues and review existing free trade agreements with government officials, industry representatives, and academics in Seoul on September 20.During his opening remarks at the meeting, Minister Kim said that global trade conditions are rapidly changing as a result of rising protectionism, ongoing U.S.-China trade dispute, and advancing fourth industrial revolution technologies.The Ministry's t date2018-09-20