Ministry of Trade, Industry and Energy

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

Minister Joo attends WTO Ministerial Gathering in Davos

The Ministry of Trade, Industry and Energy announced January 23 that Trade, Industry and Energy Minister Joo Hyunghwan attended on the informal World Trade Organization (WTO) Ministerial Gathering on January 20 in Davos, Switzerland.    The informal meeting of ministers from the WTO member countries is hosted every year by the Swiss government in the fringes of the World Economic Forum Annual Meeting in Davos. At this year’s meeting, ministers from 29 WTO members and the WTO Di date2017-01-23

Minister Joo attends WTO Ministerial Gathering in Davos

Trade, Industry and Energy Minister Joo Hyunghwan (fourth from right, second row) attended the informal World Trade Organization (WTO) Ministerial Gathering on January 20 in Davos, Switzerland and discussed potential outcomes of the 11th WTO Ministerial Conference taking place this December in Buenos Aires, Argentina. At the meeting, Minister Joo highlighted the need for consistent measures to promote free trade amid challenges to the multilateral trade system such as the rise in protectionism date2017-01-23

Minister Joo attends 47th World Economic Forum Annual Meeting in Davos

Trade, Industry and Energy Minister Joo Hyunghwan (third, clockwise) attended the 47th Annual Meeting of the World Economic Forum in Davos, Switzerland, from January 17 to 19.    Minister Joo participated and led discussions at the meeting of the Board of Stewards for the “Shaping of Future of Production” initiative, one of the 14 core initiatives of the World Economic Forum, and at another session on the future of production and regional strategies.    The Wo date2017-01-20

Minister Joo attends World Economic Forum Annual Meeting in Davos

The Ministry of Trade, Industry and Energy announced on January 20 that Trade, Industry and Energy Minister Joo Hyunghwan attended the 47th Annual Meeting of the World Economic Forum in Davos, Switzerland, from January 17 to 19.   At this year’s Davos forum, with the theme of “Responsive and Responsible Leadership,” Minister Joo attended the opening ceremony where Chinese President Xi Jinping delivered a keynote speech and participated as a main panelist in various sessi date2017-01-20

Minister Joo discusses industrial cooperation with Saudi Arabian energy minister in Davos

Trade, Industry and Energy Minister Joo Hyunghwan (right) met Saudi Arabian Energy, Industry and Mineral Resources Minister Khalid A. Al-Falih (left) on January 18 at the 47th World Economic Forum Annual Meeting in Davos, Switzerland, and discussed bilateral industrial cooperation for the kingdom’s new development plans. Minister Joo and Minister Al-Falih agreed to convene a ministerial meeting in February in Saudi Arabia to discuss programs for bilateral cooperation in line with Saudi Vi date2017-01-20

Korea, China hold 1st FTA Joint Committee meeting in Beijing

The Ministry of Trade, Industry and Energy announced on January 13 that the Korea-China Free Trade Agreement (FTA) Joint Committee held the first meeting in Beijing, China to review the implementation of the bilateral trade pact, one year after it entered into force in December 2015.    The high-level Joint Committee, established under the Korea-China FTA, oversees its implementation and resolves trade-related issues. Its first meeting was co-chaired by Director General for Trade Coo date2017-01-13