Ministry of Trade, Industry and Energy

Korea and UK take economic cooperation to new heights, marking 140 years of diplomatic relations

Trade, Industry and Energy Minister Bang Moon Kyu will be attending the Korea-UK Business Forum on November 22, co-hosted by the Federation of Korean Industries and the UK’s Department for Business and Trade on the occasion of Korean President Yoon Suk Yeol’s state visit to the UK. Approximately 200 persons will be attending the forum, consisting of Korea’s economic delegation members and both countries’ business leaders, to discuss cooperation in advanced industries, e date2023-11-22

Korea and UK to launch negotiations for upgrading bilateral FTA

Trade, Industry and Energy Minister Bang Moon Kyu and the UK’s Secretary of State for Business and Trade Kemi Badenoch will be signing on November 22 the joint declaration on the launch of negotiations for upgrading the Korea-UK free trade agreement (FTA) on the occasion of the Korean President Yoon Suk Yeol’s state visit to the UK. The existing Korea-UK FTA was the first FTA the UK entered with an Asia country during Brexit and contributed to swiftly resolving uncertainties that ex date2023-11-22

Korea holds Foreign Company Day 2023

The Trade, Industry and Energy Ministry’s International Trade and Investment Deputy Minister Kim Wan-ki attended Foreign Company Day 2023 on November 21 in Seoul to award foreign investment contributors government commendations and promote exchanges and communication with foreign-invested companies. The deputy minister gave a congratulatory message and awarded medals and orders of merit to those that contributed to facilitating foreign investment in Korea, including the Silver Tower Order date2023-11-22

Korea and Mongolia launch Rare Metals Cooperation Center

Trade, Industry and Energy Ministry’s Deputy Minister for Energy Policy Lee Ho-hyeon attended the Korea-Mongolia Rare Metals Cooperation Center launching ceremony on November 20 in Ulaanbaatar and stated in his message that he looks forward to seeing this project assist Mongolia in achieving high-value enhancement of its rare metals, while helping Korea strengthen its domestic supply chain. date2023-11-21

Korean businesses embark on new chapter of expansion into Latin American market

The Ministry of Trade, Industry, and Energy (MOTIE) held the 27th Korea-Latin America Business Forum in Seoul, on November 20, to support the expansion of Korean enterprises into the Latin American market. Co-hosted by MOTIE, the Korea International Trade Association (KITA), the Korea Institute for International Economic Policy (KIEP), the Korean Council on Latin America & the Caribbean, and the International Construction Association of Korea, the event was attended by diplomatic delegations date2023-11-21

Korea and Mongolia hold 1st Rare Metals Cooperation Committee meeting

Trade, Industry and Energy Ministry’s Deputy Minister for Energy Policy Lee Ho-hyeon attended the 1st Korea-Mongolia Rare Metals Cooperation Committee meeting on November 20 in Ulaanbaatar and discussed measures for cooperation and R&D in rare metals in the attendance of both countries’ government delegations. date2023-11-21

Korea boosts rare metal collaboration with resource-rich Mongolia

The Ministry of Trade, Industry and Energy (MOTIE) and the Ministry of Foreign Affairs (MOFA) held the first Korea-Mongolia Rare Metals Cooperation Joint Committee meeting on November 20 in Ulaanbaatar. The committee is headed by Deputy Minister for Energy Policy Lee Ho-hyeon and the Mongolian delegation by Mongolia's Mining and Heavy Industry Minister Jambal Ganbaatar. The attendees discussed measures for bolstering cooperation in the supply chain of rare metals and other critical minerals. T date2023-11-21

Trade Minister meets with Singapore Business Federation Chairman

Minister for Trade Dukgeun Ahn met with Lim Ming Yan, Chairman of the Singapore Business Federation, on November 21 in Singapore to discuss stronger bilateral corporate supply chain and digital cooperation and asked Singaporean companies’ support and participation in the Carbon Free (CF) Alliance initiative. date2023-11-21

Trade Minister meets Singapore's Trade & Industry Minister

Minister for Trade Dukgeun Ahn met Singapore’s Trade and Industry Minister Gan Kim Yong on November 21 in Singapore to discuss industrial cooperation and collaboration in new industries, such as electric vehicles (EVs), as well as joint response regarding the Indo-Pacific Economic Framework for Prosperity (IPEF) and the Carbon Free (CF) Alliance initiative. date2023-11-21

Advanced industries' foreign investment contributors awarded at Foreign Company Day 2023

The Ministry of Trade, Industry and Energy (MOTIE) held Foreign Company Day 2023 on November 21 to award those who contributed to promoting foreign investment and to facilitate communication and exchanges with foreign-invested companies. Now in its 23rd year, Foreign Company Day 2023 was attended by approximately 300 persons, including members of diplomatic missions from various countries like Italy, Switzerland and the Czech Republic, as well as the representatives of the Japanese, Canadian a date2023-11-21