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Trade/Investment
Trade Minister chairs 34th Trade Promotion Committee meeting
Minister for Trade Dukgeun Ahn chaired the 34th Trade Promotion Committee on June 1 at the K-SURE in Seoul to discuss Digital Economy Partnership Agreement (DEPA) application negotiations, Indo-Pacific Economic Framework for Prosperity (IPEF) negotiation outcomes and plans for upgrading the Korea-UK Free Trade Agreement (FTA). The Committee meeting was attended by officials of relevant ministries and other related persons, including the Ministry of Economy and Finance (MOEF), Ministry date2023-06-08
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Industry
Korea and Japan hold 20th Steel Dialogue
The Ministry of Trade, Industry and Energy (MOTIE) and Japan’s Ministry of Economy, Trade and Industry (METI) held the 20th Korea-Japan Steel Dialogue on May 31 in Tokyo following a five-year hiatus, on the backs of the recent revitalization of the two countries’ relations and lifting of COVID-19 restrictions. During the Dialogue, MOTIE’s Metals and Ceramics Division Director Oh Choong-jong and his Japanese counterpart, Director Daisuke Matsuno, led discussions on the ste date2023-06-08
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Trade/Investment
Trade Minister attends 4th public-private joint strategic meeting for IPEF
Minister for Trade Dukgeun Ahn attended the 4th public-private joint strategic meeting for Indo-Pacific Economic Framework for Prosperity (IPEF) on May 31 at the Korea Chamber of Commerce and Industry (KCCI) held to share outcomes from the 3rd round of negotiations, ministerial meeting and to discuss directions for negotiations during the second half. Trade Minister Ahn stated in his opening message that “through the IPEF Supply Chain Agreement, the basics for joint response has b date2023-06-07
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Industry
Minister Lee chairs 43rd Industrial Technology Protection Committee meeting
Trade, Industry and Energy Minister Lee Chang-yang chaired the 43rd Industrial Technology Protection Committee meeting on May 30 at K-SURE in Seoul and led the deliberation on six agenda items and announced a revision to the Industrial Technology Protection Act. The meeting was attended by approximately 30 members and other persons from relevant ministries and organizations, including the Ministry of Foreign Affairs, Ministry of Justice and the Korea Institute for Industrial Economics a date2023-06-07
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Industry
Minister Lee chairs 43rd Industrial Technology Protection Committee meeting
Trade, Industry, and Energy Minister Lee Chang-yang chaired the 43rd Industrial Technology Protection Committee meeting on May 30 and announced a revision to the Industrial Technology Protection Act. The proposed revision includes establishing a screening process for mergers and acquisitions of companies with national core technologies by foreign private equity funds operating in Korea, introducing a system to mandate the determination of institutions holding national core technologies date2023-06-05
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Industry
Korea takes on full-scale response to nurture advanced, strategic industries
South Korean Prime Minister Han Duck-soo chaired the second meeting of the National High-Tech Strategic Industry Committee on May 26 at the Government Complex Seoul for the establishment of the “Basic Plan for Nurturing and Protecting National High-Tech Strategic Industries” and designation of advanced, strategic technologies and industries to secure Korea’s advanced industries’ competitiveness amid the intensifying global technology competition. The finalized 'First Bas date2023-06-05
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FTA/Economic Cooperation
Trade Minister holds bilateral talks on sidelines of APEC MRT meeting
Minister for Trade Dukgeun Ahn held bilateral talks with the trade ministers of the U.S., China, Canada, Chile and other major member countries of the Asia-Pacific Economic Cooperation (APEC), on the occasion of the APEC's 29th Ministers Responsible for Trade (MRT) meeting held from May 25-26 in Detroit, U.S. With U.S. Trade Representative Katherine Tai, Trade Minister Ahn discussed the two countries’ partnership in economy, advanced industries, and the Indo-Pacific Economic Framework for date2023-06-05
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Energy
2nd Vice Minister attends International Business Forum for Nuclear Clean Hydrogen
Trade, Industry and Energy 2nd Vice Minister Kang Kyung-sung attended the International Business Forum for Nuclear Clean Hydrogen on May 25 at BEXCO in Busan, held for exchange in technology and information among Korea’s industry, academia and R&D institutes to accelerate the utilization of nuclear hydrogen. The event was attended by approximately by more than 150 industry and academic experts from Korea and abroad from the Nuclear Energy Agency under the Organization for Econ date2023-06-02
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Energy
2nd Vice Minister attends International Business Forum for Nuclear Clean Hydrogen
Trade, Industry, and Energy 2nd Vice Minister Kang Kyung-sung attended the International Business Forum for Nuclear Clean Hydrogen on May 25, which was hosted by Korea Hydro & Nuclear Power (KHNP) and organized by the Hydrogen Convergence Alliance (H2KOREA). This forum, held as a special event of the World Climate Industry EXPO (WCE 2023), was themed as “Role and Challenges for Nuclear Hydrogen in Achieving Carbon Neutrality”, and was attended by more than 150 industry and acad date2023-06-02
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Energy
Korea and Oman discuss energy supply chain cooperation
Trade, Industry, and Energy 2nd Vice Minister Kang Kyung-sung held talks with Moshin bin Hamad bin Saif Al Hadhrami, Undersecretary of the Ministry of Energy and Minerals in Oman on May 25 in Busan, on the occasion of the Undersecretary’s first visit to Korea to attend the World Climate Industry EXPO (WCE 2023). The two energy chiefs discussed the issue of securing a stable energy supply chain between Korea and Oman, and supporting Korean companies’ participation in Oman’s pl date2023-06-02