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FTA/Economic Cooperation
Vice Minister for Trade and Energy Travels to Latin America to Forge Stronger Economic Partnerships
Vice Minister for Trade and Energy Park Young June traveled to Latin America last week to strengthen Korea’s ties with Mexico, Colombia, Venezuela and Peru. The Korean delegation included representatives of public organizations and private businesses. The 10-day trip was a chance to review the progress of many joint projects and to discuss additional areas for cooperation. In Mexico, the first destination on the Vice Minister’s itinerary, an energy meeting resulted in two memorandums of understanding—notably, one concerned rare metals. These are 35 elements in the periodic table. They are needed to manufacture products as diverse as wind turbines, car batteries and video cameras. Vice Minister Park also met with Mexican General Coordinator of Mining Maria Jimena Valverde Valdes. The two officials discussed mutually beneficial partnerships to make both sides more competitive in the global mineral market. When Vice Minister Park met with his Mexican counterpart, Vice Minister of Energy Mario Gabriel Budebo, discussions focused on the development of oil and gas fields, nuclear energy, energy conservation, public infrastructure and alternative fuel technologies. In particular, Vice Minister Park proposed a training program for nuclear experts that will be tailored to suit Mexico’s needs. * Released by the Mineral Resources Division date2011-05-09
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FTA/Economic Cooperation
Korea, Russia Take Substantial Step Forward With MOU on Industrial Cooperation
Korea, Russia Take Substantial Step Forward With MOU on Industrial Cooperation Russian Minister of Industry and Trade Viktor Khristenko traveled to Seoul to meet with Minister of Knowledge Economy Choi Joong-Kyung and sign a memorandum of understanding that will cement the strategic partnership between the two nations. The MOU addresses three main areas: industrial technology, technology standards, and trade and investment. With the shared goal of attracting private investment in the commercial date2011-05-02
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FTA/Economic Cooperation
Korea, Latin American Partners Pursue Closer Economic Cooperation
Vice Minister for Trade and Energy Park Young June (sixth from left, first row) stands with representatives of local companies and ambassadors from 15 Latin American countries at an economic partnership meeting held April 19 in Seoul. date2011-04-29
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FTA/Economic Cooperation
Minister Greets Spanish Ambassador to Korea
Minister of Knowledge Economy Choi Joong-Kyung meets with Spanish Ambassador to Korea Luis Arias Romero on April 18 in Seoul. The two officials discussed bilateral economic ties and cooperation on renewable energy. date2011-04-26
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FTA/Economic Cooperation
Korea, Russia Strengthen Industrial Partnership
Korea, Russia Strengthen Industrial Partnership Minister of Knowledge Economy Choi Joong-Kyung and Russian Minister of Industry and Trade Viktor Khristenko shake hands after signing a memorandum of understanding on April 18 in Seoul. Under the MOU, the two countries will cooperate in key industries and work together to promote investment and research and development. date2011-04-25
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FTA/Economic Cooperation
Korea, Malaysia Hold Joint Investment Seminar
Korea, Malaysia Hold Joint Investment Seminar Minister of Knowledge Economy Choi Joong-Kyung addresses Malaysian businesspeople on April 5 in Seoul. The two countries signed four memorandums of understanding concerning bilateral cooperation on commerce and investment. date2011-04-14
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FTA/Economic Cooperation
Joint Meeting Promotes Friendship with Africa
Vice Minister for Trade and Energy Park Young June stands with African ambassadors on March 23 in Seoul. Nearly 100 representatives from African countries and business people discussed partnerships in diverse areas. date2011-03-31
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FTA/Economic Cooperation
Lithuanian Delegates Visit MKE
Lithuanian Delegates Visit MKE Vice Minster for Trade and Energy Park Young June greets delegates from Lithuania on March 30 in the Gwacheon government complex. The discussions focused on closer investment and trade cooperation and energy partnership. date2011-03-31
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FTA/Economic Cooperation
Korea Reaches Out to Its South Asian Partners
Korea Reaches Out to Its South Asian Partners Vice Minister for Trade and Energy Park Young June and a delegation representing nearly 20 Korean businesses traveled to India, Sri Lanka and Nepal last week to meet with high-level government officials. This visit was part of Korea’s efforts to promote industrial partnerships with emerging markets in South Asia. In India, Vice Minister Park discussed potential partnerships involving energy, biofuel and information technology. The two sides al date2011-03-04
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FTA/Economic Cooperation
Korea, 13 African Nations Promote Friendship
Vice Minister for Trade and Energy Park Young June (sixth from left) stands with African diplomats at a meeting held December 29 in Seoul. The purpose of the meeting, which involved ambassadors and officials from diplomatic missions representing 13 African countries, was to establish business networks to facilitate joint projects. date2011-01-05