Ministry of Trade, Industry and Energy

Korea and Chile agree to jointly develop technologies for copper mining

The Ministry of Trade, Industry and Energy (MOTIE) announced on April 23 that Korea and Chile agreed to jointly develop technologies that can be used for copper mining.     Representatives of the Korea Institute of Geoscience and Mineral Resources who are currently touring four South American countries with Korean President Park Geun-hye signed an MOU on joint development of application technologies for low grade copper ores with CODELCO on April 22 at the Sheraton Hotel Santiago, Chil date2015-04-23

South Korea and Chile to Enhance Bilateral Cooperation

        President Park Geun-hye arrived in Chile yesterday, the third stop on her four-nation state tour of Latin America after Colombia and Peru.   The South Korean president received a warm welcome from Chile's President Michelle Bachelet and attended a business forum to promote cooperation between the two countries.   MOTIE Minister Yoon Sang-jick, who is accompanying President Park, attended the signing of a memorandum of understanding (MoU) with his Chilean counterpart Aurora Williams Baussa on copper technology development.   date2015-04-23

South Korea to Strengthen Ties with Colombia and Peru

South Korea to Strengthen Ties with Colombia and Peru   South Korea agreed to strengthen economic cooperation with Colombia and Peru during President Park Geun-hye's state visit to the two South American countries.   During a summit in Colombia, the two countries signed a memorandum of understanding (MoU) on projects for leasing electric car batteries and building self-sufficient towns.   President Park also discussed expanding cooperation with Peru beyond trade to include Li date2015-04-21

Minister Yoon Sang-jick Accompanying the President on Four-Nation State Visit to Latin America

date2015-04-20

South Korea`s President Makes Visit to Four Middle East Nations

date2015-04-06

The TPP Strategy Forum to have in-depth discussions on national interests

The Ministry of Trade, Industry and Energy (MOTIE) announced on January 13 that it organized the TPP Strategy Forum with experts from the industries, universities and research institutes have in-depth discussions on national interest.     The TPP refers to the multilateral FTA between 12 countries in the Pacific Rim including the U.S. and Japan.     Ever since showing interest in participating in the TPP in December 2013, the Korean government has been listening to the opinions of relevant parties while also conducting an in-depth analysis of the effects of the industry and area.     With other countries, Korea has entered bilateral agreements with the 12 countries participating in the TPP in order to review the feasibility of its participation in the TPP.     In principle, the TPP Strategy Forum is held twice a month with the participation of 15 experts from four different areas including economy, industry, politics, diplomacy, trade laws and the respective country. They will also organize a group of experts to be more flexible in having the best experts participate in the discussion.     * Short version date2015-01-13

Maximizing the Outcomes of Summit Diplomacy

On this page Overview Policies Overview Since the new administration took office, President Park has been actively pursuing summit-level diplomacy. Government-wide efforts are being made to translate the concrete outcomes drawn from 17 outbound and 22 inbound state visits (as of 2014) into new business opportunities for companies. Parties interested in the detailed outcomes of summit diplomacy initiatives may access the public portal website Summit Diplomacy Portal and gain date2014-12-30

A New Trade Roadmap

Expand the benefits of date2014-12-30

Fostering multilateral trade cooperation

Among the G20's key priorities, which include strengthening the world economy, global financial system reform, economic reform and trade, MOTIE is playing a core role in pursuing the international trade agenda which is a driving force of economic growth and job creation. date2014-12-30

Active participation in WTO negotiations

(the negotiation of the expansion of the WTO ITA) Since 2012, negotiations have been ongoing to expand the list of products covered by the agreement, and Korea is actively participating in these date2014-12-30