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FTA/Economic Cooperation
Korea and Malaysia agree to bolster supply chain cooperation
Trade, Industry and Energy 1st Vice Minister Jang Young-jin met with Malaysia’s Investment, Trade and Industry Deputy Minister Liew Chin Tong on May 18 to discuss measures for expanding Korea-Malaysia economic cooperation, such as accelerating the signing of a memorandum of understanding (MOU) on raw materials cooperation, Malaysia’s government assistance for Korean companies’ investments in new industries like secondary batteries, entering a joint development agreement on clea date2023-05-24
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FTA/Economic Cooperation
Korea and Malaysia agree to bolster supply chain cooperation
Trade, Industry and Energy 1st Vice Minister Jang Young-jin met with Malaysia’s Investment, Trade and Industry Deputy Minister Liew Chin Tong on May 18 to discuss measures for expanding Korea-Malaysia economic cooperation. The two countries agreed to advance their bilateral economic cooperation on the occasion of the 40th anniversary of the Look East Policy (LEP). Malaysia is Korea’s third and fourth largest trading and investment partner in the ASEAN region, respectively, with thei date2023-05-24
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Trade/Investment
Korea and Switzerland discuss cooperation in bio and trade
Minister for Trade Dukgeun Ahn met with Guy Parmelin, Federal Councillor Head of Switzerland’s Federal Department of Economic Affairs, Education and Research, on May 18 at the Lotte Hotel Seoul and discussed measures for expanding Korea-Switzerland cooperation in bio and trade. date2023-05-24
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Trade/Investment
Trade Minister attends 55th Korea-Japan Business Conference
Minister for Trade Dukgeun Ahn attended the 55th Korea-Japan Business Conference on May 16 at the Lotte Hotel Seoul for the implementation of agreements made during the Korea-Japan summit meeting and strengthening of business cooperation between the two countries. In his opening message, Trade Minister Ahn requested that “Korean and Japanese business leaders actively contribute to the acceleration of the two countries’ forward-looking economic cooperation,” and assured that th date2023-05-24
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Trade/Investment
Trade Minister attends 55th Korea-Japan Business Conference
Minister for Trade Dukgeun Ahn attended the 55th Korea-Japan Business Conference on May 16 at the Lotte Hotel Seoul for the implementation of agreements made during the Korea-Japan summit meeting and strengthening of business cooperation between the two countries. Hosted by the Korea-Japan Economic Association (KJE), Korea-Japan Cooperation Foundation for Industry and Technology (KJCF) and their Japanese counterparts, the Conference was the first in four years to be held in-person and was atten date2023-05-24
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Energy
Korea and Indonesia launch E-Mobility Cooperation Center
Trade, Industry and Energy 1st Vice Minister Jang Young-jin met with Dr. Dadan Kusdiana, Indonesia’s Director General of the New Renewable Energy and Energy Conservation under the Ministry of Energy and Mineral Resources, on May 15 in Jakarta, where they held a ceremony for launching of the Korea-Indonesia E-Mobility Cooperation Center. date2023-05-23
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FTA/Economic Cooperation
Korea and Canada hold high-level economic security dialogue
Minister for Trade Dukgeun Ahn and Foreign Minister Park Jin met with Melanie Joly, Canada’s Foreign Minister, and François-Philippe Champagne, Canada’s Innovation, Science and Industry Minister, on May 16 in Seoul to hold a high-level economic security dialogue. The dialogue was officially launched last September on the occasion of the Korea-Canada summit meeting, and this type of “2+2” economic security consultative system is a significant first for both sides. date2023-05-23
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Trade/Investment
Trade Minister and WTO Director-General discuss WTO reform measures
Minister for Trade Dukgeun Ahn met with Ngozi Okonjo-Iweala, Director-General of the World Trade Organization, on May 22 at the Shilla Seoul to discuss measures for WTO reform and restoration of the multilateral trading system. Addressing the challenges being made against the multilateral trading system, Trade Minister Ahn stated that it is important to gain meaningful outcomes from the upcoming MC13 and discussed measures to achieve this aim in areas of WTO reform, normalization of the date2023-05-23
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Trade/Investment
Minister chairs 2nd Pan-Ministerial Export Situation Assessment Meeting
Minister Lee Chang-yang chaired the 2nd Pan-Ministerial Export Situation Assessment Meeting on May 16 at the Government Complex Seoul to select the promising export items among the core manufacturing industry and 12 prospective export areas. In his opening message, the Minister stated that “export conditions are still challenging due to slowdowns in the semiconductor industry and global economy, and whole-of-the-government efforts are required to achieve a powerful rebound out of the tr date2023-05-22
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Trade/Investment
Korea and Germany discuss measures to bolster supply chain cooperation
Minister for Trade Dukgeun Ahn met with Jörg Kukies, Germany’s State Secretary for Economic, Finance and European Affairs at the Federal Chancellery, on May 22 at the Lotte Hotel Seoul to discuss measures to bolster Korea-Germany supply chain cooperation. date2023-05-22