Ministry of Trade, Industry and Energy

Minister Paik chairs meeting in response to US steel and aluminum tariffs

Trade, Industry and Energy Minister Paik Ungyu (left) chaired a meeting with steel and aluminum industry leaders in response to U.S. President Donald Trump’s signing of proclamations imposing tariffs on steel and aluminum at COEX in Seoul on March 9.The presidential proclamations were issued under Section 232 of the Trade Expansion Act of 1962, which allows the U.S. president to impose tariffs or quotas on imports for national security purposes.Minister Paik expressed his regrets about the date2018-03-09

Minister Paik meets with Indian counterpart in New Delhi

Trade, Industry and Energy Minister Paik Ungyu (left) met with Indian Commerce and Industry Minister Suresh Prabhu during his visit to New Delhi, India, on February 27 (India time).During their meeting, Minister Paik and Minister Prabhu exchanged their views on issues of mutual interest, including the Korea-India Comprehensive Economic Partnership Agreement (CEPA) and technological cooperation in promising industries. date2018-02-28

Korea, Russia discuss energy cooperation in Seoul

The Ministry of Trade, Industry and Energy’s Deputy Minister for Energy and Resources Park Won-joo (second from right) and Russia’s Deputy Minister of Energy Anton Inyutsyn (second from left) co-chaired the 15th Meeting of the Korea-Russia Joint Committee for Energy and Natural Resources Cooperation at a hotel in downtown Seoul on February 21.During the meeting, the two sides discussed means to enhance cooperation in the energy and natural resources sector. date2018-02-21

Trade Minister Kim signs trade deals with five Central American counterparts

Seoul, Korea - The Ministry of Trade, Industry and Energy announced that Trade Minister Kim Hyun-chong signed free trade agreements with representatives from five Central American countries in Seoul on February 21. The five Central American ministers were El Salvadoran Economy Minister Tharsis Salomón López Guzmán, Honduran Minister of Economic Development Arnaldo Castillo, Costa Rican Minister of Foreign Trade Alexander Mora, Nicaraguan Minister of Development, Industry an date2018-02-21

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