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Trade/Investment
Korea and Poland discuss trade, investment & defense cooperation
Trade, Industry and Energy 1st Vice Minister Jang Young-jin met with Undersecretary of State in the Office of the Prime Minister of Poland Izabela Antos and Secretary of State in the Ministry of Development and Technology Piotr Uscinski on April 19 and 20, respectively, in Poland to discuss trade, investment, industrial technology cooperation, Korea-Poland infrastructure and defense cooperation, EU steel safeguard measures and other EU trade issues. date2023-04-21
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Industry
MOTIE holds 11th MPE Industry Competitiveness Committee meeting
The Ministry of Trade, Industry and Energy (MOTIE) held the 11th MPE (materials, parts and equipment) Industry Competitiveness Committee meeting on April 18 at the Government Complex Seoul and announced the Ministry’s plan to nurture MPE firms into global companies with top-notch technological competitiveness, to advance the domestic supplier-buyer cooperation model, as well as the standardization strategy for rare earth minerals. The meeting was attended by representatives of rel date2023-04-21
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Trade/Investment
Korea and Hungary discuss trade & investment cooperation & sign TIPF MOU
Trade, Industry and Energy 1st Vice Minister Jang Young-jin met with Hungarian Deputy Foreign Minister Levente Magyar on April 18 in Hungary to discuss measures to bolster bilateral trade, investment and economic cooperation, and signed the Trade and Investment Promotion Framework (TIPF) agreement MOU. He also met with Hungary's Economic Development Minister Márton Nagy to discuss measures for stronger cooperation in industrial technology and economy. date2023-04-21
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Industry
Korea to nurture tech-competitive MPE companies
The Ministry of Trade, Industry and Energy (MOTIE) held the eleventh MPE (materials, parts and equipment) Industry Competitiveness Committee meeting on April 18 and announced the Ministry’s plan to nurture MPE firms into global companies with top-notch technological competitiveness and to expand core MPE areas and related strategic technologies. The globalization strategy has been established to enable Korea’s MPE industries to respond to the rapidly changing global high-tech indust date2023-04-21
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FTA/Economic Cooperation
Korea sends economic delegation to Central Europe to bolster cooperation
Trade, Industry and Energy 1st Vice Minister Jang Young-jin is visiting Hungary, Poland and Slovakia through April 17-20 as the head of an economic delegation to discuss measures for expanding trade and economic cooperation between Korea and the three Central European nations. The economic delegation will hold business roundtables in Hungary and Poland to discuss bilateral investment and trade expansion measures with companies and interested parties, as well as EU trade policies. In Slovakia, t date2023-04-18
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FTA/Economic Cooperation
Korea and Kazakhstan discuss critical minerals & economic cooperation
Trade, Industry and Energy Minister Lee Chang-yang met with Roman Sklyar, First Deputy Prime Minister of the Republic of Kazakhstan, on April 14 at the Lotte Hotel Seoul and discussed critical minerals, economic cooperation and plant bid project, and requested support for World Expo 2030 Busan. Both sides agreed that it was significant for bilateral trade to have reached USD 6.5 billion despite internal and external difficulties in 2022, which was also the 30th anniversary of the establishment date2023-04-18
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Trade/Investment
Korea's auto exports reach record-breaking $6.5 billion in March
The Ministry of Trade, Industry and Energy announced on April 17 that Korea’s automobile production, domestic sales and exports by unit in March gained year-on-year by 35.6 percent, 19.6 percent and 48.0 percent, respectively. By value, exports of finished cars rose 64.1 percent to a record-breaking USD 6.5 billion, while those of car parts inched down 5.3 percent. Production volume surpassed 0.4 million units for the first time in six years, thanks to normalization of car parts supply c date2023-04-18
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Industry
MOTIE and Boeing discuss measures to expand cooperation
Trade, Industry and Energy Minister Lee Chang-yang met with chief executive officer of Boeing Defense, Space & Security (BDS) Theodore Colbert III on April 13 at the Four Seasons Hotel Seoul to discuss measures to expand cooperation between Korea and Boeing. The talks were held for the purpose of expanding Korea-Being cooperation in the future amid the post-COVID realignment of global supply chains and rising national defense budgets worldwide. Delegations from the Ministry of Trade, Indus date2023-04-17
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Energy
1st Vice Minister visits KDHC to inspect heat supply facility managment
Trade, Industry and Energy 1st Vice Minister Jang Young-jin visited the Central Branch of Korea District Heating Corp. in Mapo-gu, Seoul, on April 16 to inspect the leakage situation of district heating pipe and received a briefing on heat supply facility management, then encouraged employees working around the clock in the control room. The Vice Minister was accompanied by a number of relevant persons, including KDHC Vice President Song Hyun-gyu and Korea Energy Agency Chairman Lee San date2023-04-17
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Industry
Korea and Kazakhstan discuss critical minerals & economic cooperation
Trade, Industry and Energy Minister Lee Chang-yang met with Sklyar Roman, First Deputy Prime Minister of the Republic of Kazakhstan, on April 14 at the Lotte Hotel Seoul and discussed critical minerals, economic cooperation and plant bid project, and requested support for World Expo 2030 Busan. date2023-04-14