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Industry
1st Vice Minister visits GM Korea's Bupyeong plant
Trade, Industry and Energy 1st Vice Minister Jang Young-jin visited GM Korea’s plant in Bupyeong and met with Shilpan Amin, Senior Vice President and President General Motors International, to discuss GM Korea’s management normalization efforts and future business plans, then toured production lines and encouraged employees. date2023-05-09
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Trade/Investment
Trade Minister chairs bioeconomy conference to discuss BEPA
Minister for Trade Dukgeun Ahn chaired a conference on May 3 at K-SURE in Seoul for Government-industry discussions on the Bio Economy Partnership Agreement (BEPA) and trade assistance measures for Korea’s biochemical and bioenergy sectors, with a view to nurture Korea into a global bioeconomy powerhouse. Representatives of nine bioeconomy firms and relevant associations attended the conference, including CJ CheilJedang, Samyang Innochem, SK EcoPrime and Korea Biotechnology Indust date2023-05-09
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Trade/Investment
Trade Minister chairs bioeconomy conference to discuss BEPA
Minister for Trade Dukgeun Ahn chaired a conference on May 3 at K-SURE in Seoul for Government-industry discussions on trade assistance measures for Korea’s biochemical and bioenergy sectors, with a view to nurture Korea into a global bioeconomy powerhouse. Representatives of nine bioeconomy firms and relevant associations attended the conference, including CJ CheilJedang, Samyang Innochem, SK EcoPrime and Korea Biotechnology Industry Organization. Trade Minister Ahn started by stating t date2023-05-09
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Trade/Investment
Trade Minister chairs 1st Global Business Council meeting
Minister for Trade Dukgeun Ahn chaired the first Global Business Council meeting on May 3 at the Korea Chamber of Commerce and Industry (KCCI) to discuss the future policy direction for Korea’s semiconductor industry amid the rapidly changing trade environment. The meeting was attended by approximately 10 persons, including representatives of foreign-invested semiconductor companies, such as Applied Materials Korea, ASML Korea, Tokyo Electron Korea and DuPont Korea. date2023-05-09
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Trade/Investment
Trade Minister chairs 1st Global Business Council meeting
Minister for Trade Dukgeun Ahn chaired the first Global Business Council meeting on May 3 at the Korea Chamber of Commerce and Industry (KCCI) to discuss the future policy direction for Korea’s semiconductor industry amid the rapidly changing trade environment. The meeting was attended by approximately 10 persons, including representatives of foreign-invested semiconductor companies. Geopolitical tensions, as well as supply chain crises caused by the COVID-19 pandemic, are spurring major date2023-05-09
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Trade/Investment
MOTIE & Daejeon enter investment MOU with Merck Life Science
The Ministry of Trade, Industry and Energy (MOTIE) announced on May 3 that MOTIE, Daejeon Metropolitan City and Merck Life Science (“Merck”) signed an investment cooperation memorandum of understanding (MOU) at the Grand Hyatt Seoul on plans to establish a new bioprocessing unit in Korea for producing biomedical raw and subsidiary materials in the Asia-Pacific region. date2023-05-08
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Trade/Investment
MOTIE & Daejeon enter investment MOU with Merck Life Science
The Ministry of Trade, Industry and Energy (MOTIE) announced on May 3 that MOTIE, Daejeon Metropolitan City and Merck Life Science (“Merck”) signed an investment cooperation memorandum of understanding (MOU) for plans to establish a new bioprocessing unit in Korea for the Asia-Pacific region. According to the MOU, Merck will consider establishing a plant in Daejeon for producing biomedical raw and subsidiary materials for the Asia-Pacific region’s pharmaceutical and bio compan date2023-05-08
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Industry
1st Vice Minister chairs Fabless Semiconductor Companies’ Export & Investment Review Meeting
Trade, Industry and Energy 1st Vice Minister Jang Young-jin chaired the Fabless Semiconductor Companies’ Export & Investment Review Meeting on May 2 at the Korea Chamber of Commerce and Industry (KCCI) and led discussions on export and investment prospects for Korea’s semiconductor industry and gathered industry opinions from attending representatives of relevant associations, R&D institutions and firms. The semiconductor industry representatives forecast that demand for ser date2023-05-08
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Industry
1st Vice Minister chairs fabless semiconductor companies’ export & investment review meeting
Trade, Industry and Energy 1st Vice Minister Jang Young-jin chaired the fabless semiconductor companies’ export and investment review meeting on May 2 at the Korea Chamber of Commerce and Industry (KCCI) and led discussions on this year’s chip industry export and investment forecast and Government assistance for business challenges. The Vice Minister gave an opening message and facilitated discussions on the management environment of fabless semiconductor companies, AI semic date2023-05-04
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FTA/Economic Cooperation
Trade Minister chairs 33rd Trade Promotion Committee meeting
Minister for Trade Dukgeun Ahn chaired the 33rd Trade Promotion Committee (the “Committee”) meeting on May 1 at the Government Complex Sejong and led discussions on plans for the third round of official negotiations for the Indo-Pacific Economic Framework for Prosperity (IPEF), ninth official Korea-Ecuador Strategic Economic Cooperation Agreement (SECA) negotiation round outcomes, Asia-Pacific Economic Cooperation (APEC) trade ministers’ meeting preparations and progress on int date2023-05-04