Ministry of Trade, Industry and Energy

MOTIE hosts the first meeting of Korea-EEU Commission on Industrial Cooperation

The Eurasian Economic Union (EEU) was launched in January 2015.   The Eurasian Economic Union (EEU) is an economic community that consists of Russia, Kazakhstan, Kyrgyzstan, Belarus and Armenia. The community has a high prospect of emerging as the EU of the East Europe, considering the region's rich natural resources and growth potential.   Russia has the world's second largest deposit of natural gas, coals, and tungsten, and Kazakhstan has the world's second largest reserve of chrome date2016-06-15

Vice Minister Woo meets with Azerbaijani Vice Minister of Communications and High Technologies

Vice Minister Woo Taehee (left)) meets with Mammamov, Vice Minister of Communications and High Technologies of Azerbaijan, at the Lotte Hotel on June 14, 2016 to discuss issues of mutual interest including Korea-Azerbaijan bilateral trade and investment, plant exportation, and exchange of nuclear energy experts and technology.   date2016-06-14

Pursuing Korea-Israel FTA with Focus on Cooperation in Technology and Startups

  The Ministry of Trade, Industry and Energy (headed by Minister Joo Hyunghwan) held an expert meeting on June 2, to project the tangible outcome of the Korea–Israel free trade agreement (FTA). Assistant Minister for Trade Negotiations Kim Hak-do presided over the meeting, which was attended by private enterprises, research institutes, and investment institutions with interests in exports and cooperation in startups and technology. In preparation for the upcoming Korea-Israel FTA negotiations, this meeting was arranged to examine the status of bilateral trade and cooperation in startups and technology, as well as to discuss ways of further expanding these areas through the agreement.   date2016-06-02

Fourth Round of Negotiations to be Held on Korea–Central America Free Trade Agreement (Tegucigalpa, May 23–27)

Fourth Round of Negotiations to be Held on Korea–Central America Free Trade Agreement (Tegucigalpa, May 23–27) Exports and Investments to be Expanded by Tapping Central American Market   The fourth round of negotiations on the free trade agreement (FTA) between Korea and six Central American countries* will be held in Tegucigalpa, the capital of Honduras, from May 23 to May 27 (local time).   * The participating Central American countries are Costa Rica, El Salvador, Guatem date2016-05-23

Full-Scale Discussion Begins on Free Trade Area of the Asia-Pacific Region

Full-Scale Discussion Begins on Free Trade Area of the Asia-Pacific Region Deputy Minister for Trade Lee Inho Attends Meeting of APEC Ministers Responsible for Trade   Deputy Minister for Trade Lee Inho, Ministry of Trade, Industry and Energy, attended the 22nd Meeting of APEC Ministers Responsible for Trade held in Arequipa, Peru, from May 17 to 18, 2016. Representatives from 21 APEC member nations discussed pending issues of multilateral trade, including Asia-Pacific economic integration date2016-05-16

Ministry of Trade, Industry and Energy to Strengthen Cooperation with Jiangsu, Largest Investment Area in China for Domestic Companies

Ministry of Trade, Industry and Energy to Strengthen Cooperation with Jiangsu, Largest Investment Area in China for Domestic Companies   Memorandum of Understanding Reached to Strengthen Economic and Trade Cooperation between Ministry of Trade, Industry and Energy and Jiangsu   Minister of Trade, Industry and Energy Joo Hyunghwan and Governor of Jiangsu Province Shi Taifeng met in Seoul on May 9 to discuss ways to vitalize trade and investment between Korea and Jiangsu before signing a date2016-05-09

Sectoral implementing agencies working in full capacity to ensure the success of the South Korea–Vietnam Free Trade Agreement

Sectoral implementing agencies working in full capacity to ensure the success of the South Korea–Vietnam Free Trade Agreement   First working-level talks of the Commodity Trading Commission, Economic Cooperation Committee, SPS Committee, and Investment Commission   The Ministry of Trade, Industry and Energy (Minister Joo Hyunghwan) is holding a meeting with four of the implementing agencies of the South Korea–Vietnam Free Trade Agreement (FTA) for two days from April 11 to date2016-04-10

ROK, China and Japan Hold 9th Round of FTA Talks

  The Republic of Korea, China and Japan held the ninth round of high-level negotiations for their free trade agreement (FTA) in Tokyo today.   During the talks, the ROK's Deputy Trade Minister Kim Hak-do and his Chinese and Japanese counterparts discussed details of the trilateral FTA. date2016-01-18

South Korea's FTAs with China, Vietnam and New Zealand Take Effect December 20

    The Republic of Korea (South Korea)'s free trade agreements with China, Vietnam and New Zealand went into effect on December 20.   The new FTAs came into force as South Korea steps up efforts to reinvigorate its economy amid slowing global demand and low oil prices. date2015-12-24

MOTIE 2nd VM Moon Attends WTO's 10th Ministerial Meeting

    MOTIE 2nd VM Moon Attends WTO's 10th Ministerial Meeting   The Ministry of Trade, Industry and Energy (MOTIE)'s Second Vice Minister Moon Jae-do attended the World Trade Organization (WTO)'s 10th ministerial conference held in Nairobi, Kenya, from Dec. 15 to Dec. 19.   In a keynote speech at this year's gathering, VM Moon stressed the importance of the multilateral trade system of the WTO for the national economic growth and development of its member countries. date2015-12-24