Ministry of Trade, Industry and Energy

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

Minister Paik meets with China’s Commerce Minister

Trade, Industry and Energy Minister Paik Ungyu (left) posed for a photo with China’s Minister of Commerce Zhong Shan at a hotel in Beijing on December 15. During the meeting, Minister Paik and Minister Zhong discussed stronger economic cooperation and issues in bilateral trade including negotiations on liberalization of trade in services and investment under the Korea-China Free Trade Agreement (FTA). The two ministers agreed to hold the first meeting for the negotiations by February next date2017-12-15

Korean and Chinese ministers discuss stronger industrial cooperation

Trade, Industry and Energy Minister Paik Ungyu (right) met China’s Minister of Industry and Information Technology Miao Wei in Beijing on December 14. During the meeting, the two ministers exchanged views on strengthening bilateral industrial cooperation in new business areas, especially in preparation for the Fourth Industrial Revolution. The Ministry of Trade, Industry and Energy and the Chinese Ministry of Industry and Information Technology signed a memorandum of understanding on stra date2017-12-14

Minister Paik meets French Minister for Ecological and Inclusive Transition

Trade, Industry and Energy Minister Paik Ungyu (right) posed for a photo with French Minister for the Ecological and Social Transition Nicolas Hulot during his visit to Paris, France on November 28.  During their meeting, Minister Paik and Minister Hulot exchanged views on the two countries’ energy policies and potential cooperation in fields of renewable energy and decommissioning of nuclear reactors. The Ministers signed a letter of intent for bilateral energy cooperation, which co date2017-11-28

Minister Paik attends Korea-Uzbekistan Business Forum

Trade, Industry and Energy Minister Paik Ungyu (third from left) posed for a photo with Uzbekistan’s President Shavkat Mirziyoyev (center) as well as government officials and business leaders from Korea and Uzbekistan at the Korea-Uzbekistan Business Forum at a hotel in Seoul on November 23.  The Korea Chamber of Commerce and Industry (KCCI) hosted the Business Forum with the Ministry of Trade, Industry and Energy and Uzbekistan’s National Investment Commission to celebrate the date2017-11-23

Trade Minister discusses economic cooperation with Russia’s Deputy Minister of Economic Development

Trade Minister Kim Hyun-chong (left) shook hands with Russia’s Deputy Minister of Economic Development Aleksey Gruzdev during his visit to Moscow, Russia on November 21.  Trade Minister Kim and Deputy Minister Gruzdev exchanged views on bilateral economic cooperation as well as a potential free trade agreement between Korea and the Eurasian Economic Union (EAEU). Member states of the EAEU include Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan.    date2017-11-21

Minister Paik meets Uzbekistan’s Deputy Prime Minister

Trade, Industry and Energy Minister Paik Ungyu (left) greeted Uzbekistan’s Deputy Prime Minister Jamshid Anvarovich Kuchkarov in his office at the Government Complex in Sejong on November 20. During the meeting, Minister Paik and Deputy Prime Minister Kuchkarov exchanged views on establishing a platform for e-commerce between the two countries. They also discussed assistance for Uzbekistan’s accession to the World Trade Organization (WTO) and joint studies into a free trade agreemen date2017-11-20