Ministry of Trade, Industry and Energy

Korea, Myanmar Strengthen Economic Ties

Minister of Knowledge Economy Sukwoo HONG met his Myanmarese counterpart, Minister of Industry Soe Thane, on March 21 in Seoul. The two ministers discussed ways to expand the scope of bilateral economic cooperation. date2012-04-09

Vice Minister Visits Iraq

Vice Minister Visits Iraq Vice Minister for Trade and Energy Cho Seok meets with his Iraqi counterpart, Deputy Prime Minister for Energy Hussain Al-Shahristani, on March 16 in Baghdad to discuss energy cooperation. date2012-03-21

Minister Pursues Closer Ties With Southeast Asian Partners

During the visit, Minister HONG and his Indonesian counterpart, Coordinating Minister for Economic Affairs Hatta Rajasa, presided over the first meeting of the Korea-Indonesia Economic Cooperation Committee. Previously, Korea had agreed to be Indonesia’s major partner in the implementation of the Master Plan for the Acceleration and Expansion of Indonesia’s Economic Development Through 2025 (MP3EI). The Joint Committee was established to facilitate that partnership, which will involve cooperation on large-scale projects concerning steel, energy, infrastructure, agriculture and the environment. At the meeting, both countries agreed to set up a consultative body to discuss financing for the projects. They also launched a Joint Secretariat—which consists of government officials from each country responsible for the different cooperation sectors—to more effectively coordinate the implementation of Indonesia’s Master Plan. Prior to the visit to Indonesia, the Minister went to Malaysia for a two-day visit to enhance bilateral cooperation on energy and trade. Minister HONG and his Malaysian counterpart, Minister of Energy, Green Technology and Water Dato Sri Peter Chin Fah Kui, discussed green technology, oil and LNG. During a separate meeting with Minister of International Trade and Industry Dato Sri Mustapa bin Mohamed, Minister HONG agreed to establish a long-term cooperation plan to reinforce trade and investment ties between the two countries. * Released by the Southeast Asia and Oceania Division; the Components and Materials Division; the Mineral Resources Development Team; and the Nuclear Power Plant Cooperation Division date2012-03-06

Korea, Sri Lanka Enhance Energy Ties

Korea, Sri Lanka Enhance Energy Ties Vice Minister for Trade and Energy Cho Seok greets Sri Lankan Minister of Power and Energy Patali Champika Ranawaka on February 14 at the Lotte Hotel in Seoul. The two officials discussed the bilateral energy partnership. date2012-02-23

Korea, Qatar Strengthen Bilateral Ties

Korea, Qatar Strengthen Bilateral Ties Minister of Knowledge Economy Sukwoo HONG meets with his Qatari counterpart, Minister of Energy and Industry Mohammed Bin Saleh Al-Sada, on February 9 at the Four Seasons Hotel in Qatar. The two ministers signed a memorandum of understanding on energy and industrial cooperation. date2012-02-17

Vice Minister Greets British Ambassador

Vice Minister Greets British Ambassador Vice Minister Yoon Sang-Jick speaks with newly appointed British Ambassador Scott Wightman on December 14 in the Gwacheon Government Complex. The two officials discussed cooperation in the science and technology sector and how to use the Korea-EU FTA to promote trade and investment. date2011-12-20

Minister Speaks With Japanese Ambassador

Minister Speaks With Japanese Ambassador Minister of Knowledge Economy Sukwoo HONG speaks with Japanese Ambassador Muto Masatoshi on December 12 in Gwacheon. The discussion focused on bilateral cooperation in the parts and materials and gas industries. date2011-12-15

Korea, Colombia Discuss Economic Cooperation

Minister of Knowledge Economy Sukwoo HONG greets Vice Minister of Business Development Carlos Andres De Hart Pinto on December 5 in the Gwacheon Government Complex. The two officials discussed bilateral economic cooperation. date2011-12-08

Korea, Turkmenistan Discuss Cooperation

Minister of Knowledge Economy Sukwoo HONG and other officials meet with their counterparts from Turkmenistan on November 29 in Seoul to discuss bilateral economic cooperation. Minister of Oil and Gas Industry and Mineral Resources Bairamgeldy Nedirov led the Turkmen delegation. date2011-12-01

Korea and Japan Meet to Discuss Energy Cooperation

Korea and Japan Meet to Discuss Energy Cooperation Working-level officials from the Korean and Japanese governments met in the Gwacheon Government Complex last week to discuss energy policy and strengthen bilateral cooperation. It was the 16th meeting of its kind between the two countries, which share similar industrial structures and energy goals.   At the meeting, Korea discussed its plans to introduce the Renewable Portfolio Standard in 2012 and to generate 11 percent of the nation&rsqu date2011-11-28