Ministry of Trade, Industry and Energy

Korea Seeks Closer Ties With the Middle East

Korea Seeks Closer Ties With the Middle East The Ministry of Knowledge Economy announced an initiative on May 22 to strengthen cooperation with Korea’s Middle Eastern partners. Korea is working with oil-producing countries in the region to establish new cooperation channels and also hopes to nurture partnerships in the renewable energy sector through technology exchanges and various human resources training programs. The scope of cooperation with countries in the region—previously l date2012-05-30

Korea, Norway Discuss Bilateral Ties

Vice Minister for Industry and Technology Yoon Sang-Jick meets with Norwegian Minister of Trade and Industry Trond Giske on May 15 in Gwacheon. Their discussion touched on various areas of cooperation such as shipbuilding, natural resources, carbon capture and storage technology, green growth and exploration of the Arctic region. date2012-05-23

Vice Minister Talks With World Bank Leader

Vice Minister Talks With World Bank Leader Vice Minister for Trade and Energy Cho Seok met with visiting Vice President for the Sustainable Development Network Rachel Kyte from the World Bank on May 11 in the Gwacheon Government Complex. They discussed ways to promote cooperation on green growth. date2012-05-21

Korea Enhancing Investment Ties with Japan

Korea Enhancing Investment Ties with Japan Vice Minister for Trade and Energy Cho Seok traveled to Tokyo on May 15 to attend a business forum co-organized by the Ministry of Knowledge Economy and the Korea Trade-Investment Promotion Agency. The forum, which drew about 180 investors and businesspeople, detailed Korea’s lucrative investment environment and the benefits of its free trade agreements with major economies around the world. MKE and KOTRA also launched the Japan Center, a compreh date2012-05-21

Korea, Peru Enhancing Cooperation on Industry, Energy and Trade

Minister of Knowledge Economy Sukwoo HONG and visiting Peruvian Minister of Foreign Commerce and Tourism José Luis Silva Martinot met last week to concretize the comprehensive strategic partnership the two countries announced on May 10 at the presidential Summit. The two Ministers signed a memorandum of understanding, under which Korea will support Peru in establishing a paperless trade system. They also affirmed their intention to utilize the Korea-Peru FTA (which took effect on August 1, 2011) to expand the scope of cooperation on trade and investment. Their discussion also touched on the purchase of Korean-made patrol cars for police departments in Peru; the upcoming construction of a hydroelectric power plant in Peru’s Molloco region, in which Korean companies have agreed to participate; and plans for an industrial cooperation committee to explore promising joint projects in both countries. The committee is set to launch in the second half of the year. * Released by the Americas Division date2012-05-17

Vice Minister Meets With Australian Climate Minister

Vice Minister Meets With Australian Climate Minister Vice Minister for Industry and Technology Yoon Sang-Jick meets with Australian Minister for Climate Change and Energy Efficiency Greg Combet on April 27 in Seoul. The two officials discussed how to reduce greenhouse gas emissions and strengthen industrial cooperation. date2012-05-04

Minister Greets Kazakhstani Ambassador

Minister Greets Kazakhstani Ambassador Minister of Knowledge Economy Sukwoo HONG speaks with Kazakhstani Ambassador Dulat Bakishev on May 3 in Gwacheon. The two officials exchanged views on trade, investment and industrial cooperation. date2012-05-04

Forum Nurtures Closer Economic Ties With China

Minister of Knowledge Economy Sukwoo HONG addresses Chinese experts in Seoul on April 17 at a forum to discuss the future direction of industrial cooperation between Korea and China and celebrate the 20th anniversary of diplomatic ties. The forum drew approximately 550 business leaders and economists, as well as Chinese Ambassador Zhang Xinsen and Chairman Zeng Peiyan of the China Center for International Economic Exchanges (CCIEE). date2012-04-26

Vice Minister Greets Kuwaiti Ambassador

Vice Minister for Trade and Energy Cho Seok meets with Kuwaiti Ambassador to Korea Muteb Al-Mutoteh on April 3 in the Gwacheon Government Complex. The two officials exchanged views on bilateral economic ties. date2012-04-17

Minister, Middle Eastern Ambassadors Promote Cooperation at Seoul Forum

Minister of Knowledge Economy Sukwoo HONG stands with the ambassadors of 10 Middle Eastern countries and some Korean business leaders on March 29 in Seoul. The group gathered at the Lotte Hotel for the Korea-Middle East Economic Cooperation Forum. date2012-04-13