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Trade/Investment
Minister Lee attends Korea-Japan Industrial Cooperation Forum
Trade, Industry and Energy Minister Lee Chang-yang attended the Korea-Japan Industrial Cooperation Forum on July 6 at the Federation of Korean Industries (FKI) Tower in Seoul. In his congratulatory message, the Minister encouraged both countries’ business leaders to make use of this opportunity to deliver tangible outcomes for the public, while bolstering cooperation in emerging future industries like battery, digital and bio, as well as in establishing semiconductor and advanced date2023-07-11
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Industry
Korea and Japan hold Industrial Cooperation Forum
The Ministry of Trade, Industry and Energy (MOTIE) of the Republic of Korea announced that the Federation of Korean Industries (FKI) and the Japan Business Federation (JBF) co-hosted the Korea-Japan Industrial Cooperation Forum on July 6 at the FKI Tower in Seoul. Approximately 70 government and business representatives of both countries attended the forum to discuss issues in manufacturing, finance and economy relating to various sectors. In his congratulatory message, MOTIE’s Minister date2023-07-11
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Trade/Investment
Trade Minister attends Asian Business Summit 2023
Minister for Trade Dukgeun Ahn attended the Asian Business Summit 2023 on July 5 in Seoul, which was held to strengthen cooperation between East Asia and newly emerging economic powers, and to seek measures for Asia’s intraregional economic integration. In his congratulatory speech, Trade Minister Ahn stated that the Korean government aims to promote freedom and prosperity across the Indo-Pacific region through solidarity and cooperation with Asian countries, and requested active date2023-07-11
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Energy
Korea holds SMR Alliance Launching Ceremony
Trade, Industry and Energy Minister Lee Chang-yang attended the Small Modular Reactor (SMR) Alliance Launching Ceremony on July 4 at the Westin Josun Seoul. In his opening message, he stated that “the public and private sectors must work together to respond to changes that will be brought on by SMRs and formulate business measures worthy of the public’s trust, and the Government will give full measure to provide full support for SMR industry development.” The date2023-07-10
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Industry
Minister Lee attends Middle-Market Companies Job Expo 2023 opening ceremony
Trade, Industry and Energy Minister Lee Chang-yang attended the opening ceremony for the Middle-Market Companies Job Expo 2023 on July 3 at COEX in Seoul. In his opening message, Minister Lee stated that “middle-market companies are the main source of quality jobs for the youth, so we look forward to their bold investments, creativity and innovation in this regard,” and added that “the Government will also increase support to expand middle-market companies' global comp date2023-07-10
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FTA/Economic Cooperation
Korea sets up FTA Support Center in Malaysia
The Ministry of Trade, Industry, and Energy (MOTIE) of the Republic of Korea and the Korea Trade-Investment Promotion Agency (KOTRA) opened a Free Trade Agreement (FTA) Support Center in Kuala Lumpur, Malaysia on July 5 to help Korean companies exporting to Malaysia better utilize the Korea-ASEAN Free Trade Agreement (FTA) and the Regional Comprehensive Economic Partnership (RCEP). Malaysia is Korea’s third-largest trading partner among ASEAN countries, following Vietnam and Singapore. Th date2023-07-10
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Industry
Nano Korea 2023 showcases technologies for advanced industries
The Republic of Korea's Ministry of Trade, Industry, and Energy (MOTIE) and Ministry of Science and ICT (MSIT) jointly hosted Nano Korea 2023, a three-day event for networking and collaboration among nano-convergence companies and nanotechnologists at KINTEX from July 5-7. This year marks the 21st anniversary for Nano Korea, first held in 2003. The event, which includes an exhibition and a symposium, has become a collaboration platform for the development of the nano-convergence industry and te date2023-07-10
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Energy
Minister Lee discusses trade and energy with U.S. House Energy Subcommittee
Trade, Industry and Energy Minister Lee Chang-yang met the U.S. House Energy Subcommittee on Energy, Climate, and Grid Security members Jeff Duncan, Tim Walberg, Randy Weber, Scott Peters and Debbie Lesko in Seoul on June 30 to discuss nuclear energy, natural gas and measures for strengthening Korea-U.S. trade cooperation. date2023-07-06
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Energy
MOTIE holds 3rd briefing on measures for strengthening response to new trade regulations
Trade, Industry and Energy Ministry’s Deputy Minister for FTA Negotiations Roh Keon-ki attended the third briefing session on measures for strengthening response to new trade regulations at the Courtyard Seoul Namdaemun on June 28, co-hosted by the Ministry and the Korean Commercial Arbitration Board (KCAB). After giving an opening message, Deputy Minister Roh led discussions on international investment arbitration, commercial arbitration and civil lawsuit trends and response meas date2023-07-06
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Trade/Investment
FDI pledged to Korea in H1 2023 reach all-time high $17.1 bln
The Ministry of Trade, Industry and Energy (MOTIE) announced on July 4 that foreign direct investments (FDIs) pledged to Korea in the first half of 2023 soared 54.2 percent year-on-year to a record-breaking USD 17.1 billion. FDIs that actually arrived in Korea over the same period rose 6.3 percent to $7.8 billion. The number of pledges increased, while that of arrivals decreased. The number of pledges reached 1,649 (up 0.7 percent) and arrivals 1,173 (down 7.2 percent). Despite the global FDI date2023-07-06