Ministry of Trade, Industry and Energy

Minister Paik, Chinese commerce minister agree to strengthen bilateral ties

Minister of Trade, Industry and Energy Paik Ungyu (left) met with Chinese Commerce Minister Zhong Shan to discuss measures to expand bilateral economic cooperation and trade issues, in Beijing on June 5.   During the meeting, Minister Paik called for the Chinese government’s support in resolving challenges that Korean companies face or could face while doing business in China. The minister also urged for more investments from Chinese investors into Korea, especially to the Saem date2018-06-05

Trade Minister, European Commission discuss trade

Trade Minister Kim Hyon-chong (left) met European Commissioner for Trade Cecilia Malmström and other EU officials, to discuss trade issues in Paris on June 1.   During the meeting, Trade Minister Kim raised concerns about safeguard investigations into imported steel products currently being carried out by the EU, and suggested measures to improve current multilateral trade rules in light of the fourth industrial revolution.    Trade Minister Kim is visiting Europe this we date2018-06-02

Trade Minister attends OECD Ministerial Council Meeting

Trade Minister Kim Hyon-chong attended the annual Ministerial Council Meeting at the Organisation for Economic Co-operation and Development (OECD) in Paris on May 31.    This year’s meeting, chaired by France, was attended by economic and trade ministers from 37 OECD member states, including the U.S., Canada, and Australia.    During the meeting that took place under the theme of “Reshaping the foundation of multilateralism for more responsible, effective and date2018-06-01

Trade Minister meets Canadian counterpart

Trade Minister Kim Hyon-chong (left) met Canadian Minister of International Trade Francois-Philippe Champagne in Paris on May 31.    During the meeting, the two discussed trade issues between the two nations, such as the U.S steel tariffs based on Section 232 of the Trade Expansion Act.    The ministers are visiting Paris to attend the annual Ministerial Council Meeting at the Organisation for Economic Co-operation and Development. date2018-06-01

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