Ministry of Trade, Industry and Energy

Minister Joo co-chairs Korea-Argentina energy cooperation committee meeting

Trade, Industry and Energy Minister Joo Hyunghwan (right) posed for a photo with Argentine Energy and Mining Minister Juan José Aranguren at the third meeting of the Korea-Argentina Energy Resources Cooperation Committee held in Buenos Aires on March 3. Minister Joo and Minister Aranguren chaired the committee meeting and discussed cooperation in various energy fields including nuclear energy, mineral resources and renewable energy.  Minister Joo visited Argentina between March 2 an date2017-03-03

Korea, MERCOSUR sign joint statement for launch of trade pact negotiations

Trade, Industry and Energy Minister Joo Hyunghwan (left) posed for a photo with Argentine Minister of Foreign Affairs and Worship Susana Malcorra in Buenos Aires on March 2, after signing a joint statement for the launch of official negotiations on a multilateral trade agreement between Korean and four member states of Mercado Común del Sur (MERCOSUR).  By signing the joint statement, Korea and MERCOSUR announced both sides have agreed to commence their internal procedures in the fi date2017-03-02

Korea, Argentina host 1st meeting of industrial cooperation committee

Trade, Industry and Energy Minister Joo Hyunghwan (right) and Argentine Production Minister Francisco Cabrera signed a memorandum of understanding on a dialogue channel for bilateral trade and investment during the first meeting of the Korea-Argentina Industrial Cooperation Committee in Buenos Aires on March 2. The delegations of the two countries agreed to cooperate on high value-added defense areas as well as on infrastructure.  The Korea-Argentina Industrial Cooperation Committee was se date2017-03-02

17th round of RCEP negotiations kick off in Japan

The Ministry of Trade, Industry and Energy announced that the 17th round of negotiations for the Regional Comprehensive Economic Partnership (RCEP) kicked off in Kobe, Japan, on February 27, to accelerate talks on market access for goods, services and investment.   The RCEP is a proposed free trade agreement among 16 nations in the Asia Pacific region including Korea, China, Japan and 10 member states of the Association of Southeast Asian Nations (ASEAN), which has become increasingly imp date2017-02-27

Korea-UK trade working group discusses post-Brexit cooperation

The Ministry of Trade, Industry and Energy announced on February 24 that the Ministry and a delegation from the United Kingdom convened a first meeting of the Korea-UK Trade Working Group in Seoul to discuss bilateral economic cooperation after the UK’s exit from the European Union.   The first meeting of the working group, which was set up to ensure a continued and strengthened bilateral trade relations, was co-chaired by Director-General for FTA Negotiations and East Asia FTA Yoo date2017-02-24

Minister Joo meets the Philippines’ Trade Secretary

Trade, Industry and Energy Minister Joo Hyunghwan (third from left) posed for a photo with the Philippines’ Secretary of Trade and Industry Ramon Lopez (third from right) during the first meeting of the Korea-Philippines Economic Cooperation Joint Committee in Manila, on February 13. Minister Joo and Secretary Lopez discussed the Regional Comprehensive Economic Partnership, a proposed free trade agreement between the 10 member states of the Association of Southeast Asian Nations (ASEAN) an date2017-02-14

Korea, Philippines seek stronger energy cooperation

Trade, Industry and Energy Minister Joo Hyunghwan (left) discussed with the Philippines’ Secretary of Energy Alfonso Cusi (second from right) bilateral cooperation in the energy sector during his visit to the Philippines’ Department of Energy in Manila on February 13. The two ministers agreed to create a “Korea-Philippines energy cooperation committee” and cooperate in various fields including power generation, transmission and distribution, and renewable energy.  M date2017-02-14

Minister Joo discusses economic cooperation with Singaporean Trade Minister

Trade, Industry and Energy Minister Joo Hyunghwan (left) shook hands with Singapore’s Minister for Trade and Industry Lim Hng Kiang at the “Korea-Singapore trade meeting” held in Singapore on February 10.  During his visit to the Ministry of Trade and Industry Singapore, Minister Joo discussed with Minister Lim, who chairs the Korea-ASEAN (Association of Southeast Asian Nations) Free Trade Agreement Implementation Committee, further trade liberalization under the Korea-AS date2017-02-14

Minister Joo meets new Kuwaiti ambassador to Korea

Trade, Industry and Energy Minister Joo Hyunghwan (left) met the new Kuwait’s Ambassador to Korea Bader M. Al-Awadi (right) on February 1 at the Government Complex Seoul and discussed bilateral economic cooperation. Ambassador Al-Awadi presented his diplomatic credentials to Acting President Hwang Kyo-ahn on December 27, last year. Kuwait is one of the major exporters of crude oil to Korea.    date2017-02-01

Korea to host ASEM Economic Ministers’ Meeting in September in Seoul

The Ministry of Trade, Industry and Energy announced on January 24 that Korea will host the seventh ASEM (Asia-Europe Meeting) Economic Ministers’ Meeting on September 21 and 22 in Seoul.   The ASEM Economic Ministers’ Meeting gathers trade and economy ministers from across Asia and Europe to promote trade and investment between the regions and discuss economic cooperation. Korea will host the first meeting of trade ministers in nearly 12 years since the last meeting in 2005 i date2017-01-24