Ministry of Trade, Industry and Energy

Korea and GCC to accelerate the advancement of bilateral FTA

Director General for FTA Negotiations Chang Sung-gil at the Ministry of Trade, Industry and Energy (MOTIE) is leading the Korean delegation in the chief delegate talks with the Gulf Cooperation Council (GCC) to be held through December 11-13 in Riyadh, Saudi Arabia, for advancing negotiations for the Free Trade Agreement (FTA) between Korea and the alliance of six Middle Eastern countries, namely Saudi Arabia, Kuwait, the United Arab Emirates (UAE) Qatar, Bahrain, and Oman. The GCC delegation i date2023-12-11

MOTIE holds holds committee meeting & forum on nuclear decommissioning

Trade, Industry and Energy Ministry's Deputy Minister for Energy Policy Lee Ho-hyeon attended the meeting of the Committee for Strengthening Global Competitiveness in Nuclear Decommissioning 2023 on December 8 at the Westin Josun Seoul with approximately 18 industrial, academia and research experts, including the Ministry of Science and ICT, Korea Hydro and Nuclear Power (KHNP) and Doosan Enerbility to discuss the role of the Korea Research Institute of Decommissioning. In the following Nuclear date2023-12-11

Korea to build global competitiveness in nuclear decommissioning starting with Kori-1 in 2024

Trade, Industry and Energy Ministry's Deputy Minister for Energy Policy Lee Ho-hyeon attended the meeting of the Committee for Strengthening Global Competitiveness in Nuclear Decommissioning on December 8 at the Westin Josun Seoul to discuss measures for bolstering Korean companies’ global competitiveness in the area of nuclear decommissioning. Approximately 18 industrial, academia and research experts attended the committee meeting and focused on the role of the Korea Research Institute date2023-12-08

Digital trade experts from Korea, China and Japan discuss digital trade policies and major issues

Trade, Industry and Energy Deputy Trade Minister Yang Byeong-nae attended the International Seminar on Digital Trade on December 8 at Korea University, held to seek measures for the development of digital trade rules with a focus on the Northeast Asian region, where there are countries strongly competitive in information and communications technology (ICT) and also closely tied to Korea in terms of geopolitics and trade. Hosted by the International Economic Law Association of Korea, organized date2023-12-08

Korea and Vietnam hold joint 7th FTA Committee & 13th Industrial Committee meetings

Minister Bang Moon Kyu led the Korean delegation in the 7th Korea-Vietnam FTA Joint Committee meeting and the 13th Korea-Vietnam Industrial Joint Committee meeting on December 7 at the Shilla Seoul and discussed with the Vietnamese delegation, headed by Vietnam’s Industry and Trade Minister Nguyen Hong Dien, the major issues for implementing their bilateral FTA, including import controls, updating of country of origin standards, resolving of non-tariff barriers, and agricultural trade, and date2023-12-08

Korea and Vietnam to push critical minerals supply chain cooperation in earnest

Trade, Industry and Energy Minister Bang Moon Kyu met with Vietnam’s Industry and Trade Minister Nguyen Hong Dien on December 7 at the Shilla Seoul to hold the 13th Korea-Vietnam Industrial Joint Committee and 7th Korea-Vietnam FTA Joint Committee meetings, where they discussed measures for stronger economic cooperation. During the Industrial Joint Committee meeting, the two leaders agreed to push forward the establishment of a critical minerals supply chain center and cooperati date2023-12-07

Vice Minister attends Bio MPE Global Supply Chain Conference

Trade, Industry and Energy Vice Minister Youngjin Jang attended the Bio MPE Global Supply Chain Conference on December 7 at the Westin Josun Seoul. Prior to the conference, Vice Minister Jang attended the ceremony for the signing of an MOU for stimulating investment in global R&D among bio MPE (materials, parts, equipment) suppliers, buyers and global corporations. At the conference that followed, Vice Minister gave an opening address and reviewed Korea’s bio MPE investment conditions date2023-12-07

Korea to enhance standards cooperation with Germany and Czech Republic

Jin Jong-wook, President of the Korean Agency for Technology and Standards (KATS) under the Ministry of Trade, Industry and Energy (MOTIE), attended the Korea-Germany Standards Cooperation Forum on December 7 at the Maritim Hotel Frankfurt in Germany, together with the heads of the German Institute for Standardization (DIN) and the German Commission for Electrotechnical, Electronic & Information Technologies of DIN and VDE (DKE) as part of follow-up measures to the Korea-Germany summit held date2023-12-07

Korea and Germany hold bilateral meeting on standards cooperation

Jin Jong-wook, President of the Korean Agency for Technology and Standards (KATS) under the Ministry of Trade, Industry and Energy (MOTIE), attended the bilateral Korea-Germany Standards Cooperation Forum on December 6 at the Maritim Hotel Frankfurt in Germany, and met with German Institute for Standardization (DIN) COO Michael Stephan, German Commission for Electrotechnical, Electronic & Information Technologies of DIN and VDE (DKE) Director Michael Teigeler and European Committee for Elect date2023-12-07

Bio MPE firms set out to take on global supply chain cooperation

Trade, Industry and Energy Vice Minister Youngjin Jang chaired the Bio MPE Global Supply Chain Conference on December 7 at the Westin Josun Seoul to inspect Korea’s current bio MPE (materials, equipment, parts) investment situation and issues, and led discussions on global supply chain cooperation. The Bio MPE Solidarity Cooperation Consultative Group (“Group”) is a public-private joint organization launched in September 2020 to build up the momentum for cooperation between Ko date2023-12-07