Ministry of Trade, Industry and Energy

Korea, UK discuss new ways of economic ties in the post-Brexit era

Minister of Trade, Industry and Energy Joo Hyunghwan (left) met with UK Secretary of State for International Trade Liam Fox (right) prior to the 3rd UK-Korea Joint Economic and Trade Committee (JETCO), on Dec 15 in London.The two ministers discussed establishing new economic ties between Korea and UK after Brexit in such fields as the emerging renewable energy industry. date2016-12-16

Minister Joo discusses ways of enhancing economic ties at 7th Korea-Vietnam Joint Committee meeting

Trade, Industry and Energy Minister Joo Hyunghwan (right) co-chaired the 7th meeting of the Joint Committee for Cooperation on Nuclear Power, Energy and Industry between Korea and Vietnam with his Vietnamese counterpart, Minister of Industry and Trade Vietnam Tran Tuan Anh (left), in Seoul on December 7. During the meeting, which was attended by about eighty government officials from the Korean and Vietnamese sides, the committee discussed ways of enhancing cooperation between the two countries date2016-12-08

Minister Joo meets with DTI secretary Ramon Lopez

Trade, Industry and Energy Minister Joo Hyunghwan (left) met with Philippine Department of Trade and Industry secretary Ramon Lopez (right) in Seoul on December 6. Minister Joo and his Philippine counterpart discussed the Regional Comprehensive Economic Partnership and other pending trade issues between the two countries, prior to their bilateral trade talks.   date2016-12-06

Minister Joo discusses enhancing economic ties at 4th Korea-Qatar meeting

Minister of Trade, Industry and Energy Joo Hyunghwan (left) co-chaired the fourth High-Level Strategic Cooperation Committee meeting with his Qatar counterpart, Minister of Energy and Industry Dr. Mohammed bin Saleh al-Sada (right), in Seoul on December 2.The meeting was attended by government representatives from both Korean and Qatar side and the committee discussed ways of enhancing co-operation between the two countries across various fields including trade, investment, energy, infrastructur date2016-12-03

Korea, Chile return to negotiation table to improve historic bilateral trade pact

Trade, Industry and Energy Minister Joo Hyunghwan (right) announced the launch of upgrade negotiations for Korea-Chile free trade pact with Heraldo Munoz (left), the Chilean Minister of Foreign Affairs,  on Nov. 8. The two ministers met in Lima, Peru, while attending the 28th Asia-Pacific Economic Cooperation Ministerial Meeting (AMM) held from Nov 17 to 18. The historical free trade agreement between Korea and Chile went into effect in 2004. For over 10 years South Korea has enjoyed date2016-11-24

Minister Joo speaks at 28th APEC Ministerial Meeting

  Trade, Industry and Energy Minister Joo Hyunghwan (left on the screen) and Deputy Foreign Minister for Economic Affairs Lee Tae-ho (right on the screen) attended the 28th Asia-Pacific Economic Cooperation Ministerial Meeting (AMM) in Lima, Peru, from Nov 17 to 18, hosted by two Peruvian Ministers-Minister of Foreign Affairs Ricardo Luna and Minister of Foreign Trade and Tourism Minister Eduardo Ferreyros.   In the presence of 21 APEC member countries' ministers and vice ministers, date2016-11-24

Korea-Central America reach FTA agreement

Trade, Industry and Energy Minister announced on Thursday that South Korea, the fourth-largest economy in Asia, reached an agreement for a free trade deal with six Central American countries, including Nicaragua, Costa Rica, Guatemala, Honduras, El Salvador and Panama.      It is the first trade pact agreed between Central American countries and an Asian country, the Ministry explained.   Trade, Industry and Energy Minister Joo Hyung-hwan and his counterparts from those six date2016-11-17

Korea signs trade deal with six Central American countries

Trade, Industry and Energy Minister Joo Hyunhwan (center) posed for a photo after signing a Korea-Central America trade  deal on Nov 16 in Managua, Nicaragua. The six Central American countries which agreed their market opening to Korea include Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama. They agreed to eliminate tariffs on about 95 percent of goods produced from each country for the next 10 years, once the agreement comes into effect next year.   This is t date2016-11-17

Minister Joo pays visit to Nicaraguan president for trade deal

Trade, Industry, and Energy Minister Joo Hyunghwan (third from right) paid a courtesy visit to Nicaraguan President Daniel Ortega Saavedra  on Nov 15. Minister Joo discussed the Korea-Central America FTA at the final stage of the talks and future directions for Korea-Nicaragua economic cooperation. date2016-11-15

Minister Joo attends 11th trilateral economic and trade ministers' meeting in Tokyo

  Trade, Industry and Energy Minister Joo Hyunghwan (right) joined the 11th trilateral economic and trade ministers' meeting with Japan's Economy, Trade and Industry Minister Sekou Hiroshige (center) and China's Commerce Minister Gao Hucheng (left) in Tokyo on Oct 29 . The meeting was designed to further enhance the economic and trade relations between the three countries.     The ministers reached a consensus to discourage all forms of the growing protectionism across the g date2016-11-01