Ministry of Trade, Industry and Energy

Minister Bang attends ceremony declaring investments made by 4 U.S. companies

  Trade, Industry and Energy Minister Bang Moon Kyu attended a ceremony on November 15 in San Francisco, held on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit meetings, for the declaration of $1.2 billion worth of investments made in Korea by four U.S. companies. The minister gave a message of encouragement and stated that the investments will greatly contribute to stabilizing Korea's semiconductor industry supply chain and strengthening the Korea-U.S. alliance in a date2023-11-21

Korea and Singapore discuss cooperation in new industries and carbon neutrality

Minister for Trade Dukgeun Ahn held a trade ministers’ meeting with Singaporean counterparts on November 21 in Singapore and the two sides agreed to expand forward-looking cooperation in achieving carbon neutrality, supply chain and digital economy. The two countries are aiming to upgrade their economic cooperation in new industries and strengthen the intraregional economic security through attaining joint goals like net zero by 2050 and enhancing supply chain resiliency. Trade Minister date2023-11-21

Trade Minister meets with Thai Trade Representative

Minister for Trade Dukgeun Ahn met Thai Trade Representative Nalinee Taveesin on November 18 in Seoul to discuss follow-up measures to the summit meeting held on the occasion of the United Nations General Assembly in September and asked support for World Expo 2030 Busan. date2023-11-21

Trade chiefs of Korea and Thailand discuss wider cooperation in trade, investment and new industries

Minister for Trade Dukgeun Ahn met Thai Trade Representative Nalinee Taveesin on November 18 in Seoul to discuss follow-up measures to the summit meeting held on the occasion of the United Nations General Assembly in September. Thailand is the second largest economy in ASEAN and the Korea-Thailand economic cooperation is continuing to expand, with bilateral trade reaching unprecedented highs in 2022. This year marks the two countries’ 65th anniversary of the establishment of diplomatic re date2023-11-21

Rising neo-protectionism sparks discussions on shifting trade remedies

The Ministry of Trade, Industry and Energy (MOTIE)’s Korea Trade Commission held a winter academic seminar with participants from academia, law firms, and accounting firms and other sectors on November 17 at the Seoul National University Graduate School of International Studies to analyze issues of trade remedies in the era of neo-protectionism, identify policy implications and prepare strategic responses. The seminar proceeded under the theme of 'Changes in the Trade Remedies in response date2023-11-20

Four U.S. companies pledge $1.2 bln investments in Korea

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 19 that four U.S.-based companies pledged a total of USD 1.2 billion (KRW 1.5 trillion) in investment in Korea during President Yoon Suk Yeol’s visit to San Francisco to attend the Asia-Pacific Economic Cooperation (APEC) summit. The investment of four companies, namely GM, DuPont, IMC and Ecolab, are expected to have the effect equivalent to a 4.5 trillion won annual increase in export value or import substitution. date2023-11-20

Korea and Stanford enter MOU for cooperation in advanced industries & youth exchange

Trade, Industry and Energy Minister Bang Moon Kyu met with Stanford University President Richard Saller and other professors in the field of bio and robotics, on November 17 at Stanford University for the signing of a memorandum of understanding (MOU) on cooperation for youth exchange between the Korea Institute for Advancement of Technology (KIAT) and the Institute of International Education (IIE), and another for collaboration in advanced industries between KIAT and Stanford. date2023-11-20

Minister Bang meets with U.S. Special Presidential Envoy for Climate

Trade, Industry and Energy Minister Bang Moon Kyu met with U.S. Special Presidential Envoy for Climate John Kerry on November 16 in San Francisco and discussed policies for climate crisis response and agenda items for the upcoming 28th session of the Conference of the Parties (COP28) to the UN Framework Convention on Climate Change (UNFCCC). date2023-11-20

Korea and U.S. hold Clean Energy Business Roundtable

Trade, Industry and Energy Minister Bang Moon Kyu and U.S. Under Secretary of State for Economic Growth, Energy, and the Environment Jose W. Fernandez led the 'Korea-U.S. Clean Energy Business Roundtable' held on the sidelines of the APEC Leaders’ Summit on November 16 in San Francisco. The roundtable was held to facilitate discussions on the need for carbon free energy sources, investment in energy infrastructure and challenges and tasks in expanding carbon free energy and clean power. T date2023-11-20

Korea and U.S. hold joint R&D conference in advanced industries

Minister for Trade Dukgeun Ahn attended the Korea-U.S. Advanced Industries Joint R&D Conference on November 16 at the National Bioskills Laboratories in San Francisco to discuss measures for strengthening bilateral technology cooperation and uncovering joint R&D projects. The trade chief attended the memorandum of understanding (MOU) signing ceremony between Korean and U.S. advanced industries’ institutions and presented strategies for Korea-U.S. advanced industrial technology col date2023-11-20