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Trade/Investment
Korea and Ecuador agree to expand cooperation and investment
Minister for Trade Dukgeun Ahn met with Ecuador's Production, Foreign Trade, Investments and Fisheries Minister Julio José Prado on June 15 in Seoul to discuss measures to strengthen economic cooperation between the two countries, including the progress of negotiations on the Korea-Ecuador Strategic Economic Cooperation Agreement (SECA), trade and investment, and supply chain collaboration. date2023-06-20
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Trade/Investment
Korea and Ecuador agree to expand cooperation and investment
Minister for Trade Dukgeun Ahn met with Ecuador's Production, Foreign Trade, Investments and Fisheries Minister Julio José Prado on June 15 in Seoul and had extensive discussions on various measures to strengthen economic cooperation between the two countries, including the progress of negotiations on the Korea-Ecuador Strategic Economic Cooperation Agreement (SECA), trade and investment, and supply chain collaboration. Since the two countries resumed negotiations for the Korea-Ecuador S date2023-06-20
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Trade/Investment
Korea and Qatar agree to expand investment cooperation
Trade, Industry and Energy Minister Lee Chang-yang held the 6th High-level Strategic Consultation Committee meeting with Qatari Minister of Commerce and Industry H.E. Sheikh Mohammed bin Hamad bin Qassim Al Abdullah Al Thani on June 15 in Seoul. During the meeting, three memorandums of understanding (MOU) were signed to strengthen cooperation between KOTRA and Invest Qatar in investment, the Korean Intellectual Property Office and the Qatari Ministry of Commerce and Industry in intellec date2023-06-20
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Trade/Investment
Korea and Qatar agree to expand investment cooperation
Trade, Industry and Energy Minister Lee Chang-yang held a High-Level Strategic Consultation Committee meeting with Qatari Minister of Commerce and Industry H.E. Sheikh Mohammed bin Hamad bin Qassim Al Abdullah Al Thani in Seoul on June 15. The meeting was held for the first time in four years since 2019. The high-level visit to Korea was attended by Qatar’s Sovereign Wealth Fund (ranked 9th globally) for the first time, creating an opportunity to expand the bilateral cooperation from ind date2023-06-19
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Trade/Investment
Korea's auto exports record $6.2 billion in May
The Ministry of Trade, Industry and Energy (MOTIE) announced on June 15 that Korea’s automobile exports for May reached a total of USD 6.2 billion, recording a historic high for May monthly exports and entering the $6 billion thresholds for the third consecutive month. Eco-friendly cars, which are higher in unit price, recorded $2.1 billion (up 64.3 percent) in exports for May, driving up the entire automobile exports. Normalization of automotive semiconductors and other parts supply la date2023-06-19
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Trade/Investment
Trade Minister chairs Digital Trade Promotion Conference
Minister for Trade Dukgeun Ahn visited the e-commerce system control center and chaired the Digital Trade Promotion Conference on June 14 at the Trade Center in Seoul to seek measures to expand e-commerce exports and improve the digital-based export assistance system. The conference was attended by representatives of e-commerce platform companies and digital technology and content exporting firms, and related institutes, including Korea Trade-Investment Promotion Agency (KOTRA), FAEM Gl date2023-06-16
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Trade/Investment
Trade Minister chairs public-private trade barrier response committee meeting
Minister for Trade Dukgeun Ahn chaired the public-private joint trade barrier response committee meeting on June 14 at COEX in Seoul to facilitate discussions on non-tariff barrier issues and other major countries’ import regulations to revitalize exports. The trade chief gave an opening message and led discussions on response measures against import regulations and overseas non-tariff barrier issues. The meeting was attended by representatives of relevant ministries date2023-06-16
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FTA/Economic Cooperation
Korea to host 4th IPEF negotiating round in Busan
Trade, Industry and Energy Ministry’s Deputy Minister for FTA Negotiations Roh Keon-ki will head the Korean delegation in the fourth negotiating round of the Indo-Pacific Economic Framework for Prosperity (IPEF) from July 9-15, 2023, at the Busan Exhibition and Convention Center (BEXCO). Delegations of thirteen other countries will be attending the negotiation round: the U.S., Japan, Australia, New Zealand, Singapore, Thailand, Vietnam, Brunei, Malaysia, the Philippines, Indonesia, I date2023-06-16
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Industry
MOTIE announces K-Design Innovation Strategy
Trade, Industry and Energy Minister Lee Chang-yang chaired the 8th Industrial Strategy Roundtable and presented the K-Design Innovation Strategy and facilitated discussions on measures to promote Korea’s design industry with industry representatives and relevant persons, in accordance with President Yoon Suk-yeol’s call to strengthen design competitiveness and foster an environment where top design artists and firms can further develop. The K-Design Innovation Strategy consists of f date2023-06-15
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Industry
Minister Lee chairs K-Design Innovation Strategy Roundtable
Trade, Industry and Energy Minister Lee Chang-yang chaired the K-Design Innovation Strategy Roundtable on June 14 at the Dongdaemun Design Plaza (DDP) to discuss measures to expand and promote Korea’s design industry. In his opening message, the Minister stated that “the K-Design Innovation Strategy is the culmination of the joint deliberation by the Government and private sectors regarding challenges facing the design industry, and policy efforts will be focused towards str date2023-06-15