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Trade/Investment
Minister Bang meets with Korean tech firms in Silicon Valley
Trade, Industry and Energy Minister Bang Moon Kyu chaired the meeting with Silicon Valley’s Korean tech companies on November 14 in San Francisco to discuss challenges in market entry and other issues. The meeting was attended by a number of companies’ representatives, including EGTRONICS, MakinaRocks and Dabeeo. date2023-11-20
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Trade/Investment
Trade Minister meets with Microsoft's Regional Vice President
Minister for Trade Dukgeun Ahn met Antony Cook, Microsoft's Regional Vice President and Chief Legal Counsel for Corporate, External and Legal Affairs (CELA) for Asia, on November 14 in San Francisco to discuss global digital trade issues and AI technology cooperation. date2023-11-20
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Trade/Investment
Trade Minister meets with India's Commerce and Industry Minister
Minister for Trade Dukgeun Ahn met with Piyush Goyal, India’s Minister of Commerce and Industry, on November 13 in San Francisco on the sidelines of attending the Indo-Pacific Economic Framework for Prosperity (IPEF) & Asia-Pacific Economic Cooperation (APEC) summit and held talks on improving the Korea-India Comprehensive Economic Partnership Agreement (CEPA), measures for stronger economic cooperation, and multilateral trade issues. date2023-11-20
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FTA/Economic Cooperation
Trade Minister attends IPEF ministerial meeting
Minister for Trade Dukgeun Ahn attended the Indo-Pacific Economic Framework for Prosperity (IPEF) Pillar 1 session on November 13 in San Francisco to review outcomes and expressed commitment to continue efforts for further progress. date2023-11-20
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Trade/Investment
Trade Minister meets with New Zealand’s Trade and Export Growth Minister
Minister for Trade Dukgeun Ahn met with New Zealand’s Trade and Export Growth Minister Damien O'Connor on November 12 in San Francisco on the sidelines of attending the Indo-Pacific Economic Framework for Prosperity (IPEF) & Asia-Pacific Economic Cooperation (APEC) summit to discuss the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and IPEF among other trade issues, and reaffirmed their commitment on clean energy cooperation. date2023-11-20
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Trade/Investment
Trade Minister meets with Australia’s Trade and Tourism Minister
Minister for Trade Dukgeun Ahn met with Australia’s Trade and Tourism Minister Don Farrell on November 12 in San Francisco on the sidelines of attending the Indo-Pacific Economic Framework for Prosperity (IPEF) & Asia-Pacific Economic Cooperation (APEC) summit to discuss trade issues including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and IPEF, and asked support for World Expo 2030 Busan. date2023-11-20
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Trade/Investment
Trade Minister meets with U.S. Trade Representative to discuss trade issues
Minister for Trade Dukgeun Ahn met with U.S. Trade Representative Katherine Tai on November 12 in San Francisco on the sidelines of attending the IPEF ministerial meetings and APEC summit to discuss major trade issues and summit outcomes. date2023-11-20
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Industry
Outdoor mobile robots now permitted for business use
The Ministry of Trade, Industry and Energy (MOTIE) and the National Police Agency announced on November 16 that following the implementation of the revised Intelligent Robots Act starting November 17, it is now permissible to engage in new business activities like delivery and patrolling services utilizing outdoor mobile robots. Until now, outdoor mobile robots were prohibited from operating on sidewalks. However, this has changed with the recent amendments and implementations of the Intelligen date2023-11-17
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Energy
Korea to participate in MMRV framework as one of 13 founding members
The Ministry of Trade, Industry and Energy (MOTIE) announced on November 16 that Korea will participate in the measurement, monitoring, reporting, and verification framework (MMRV Framework) as one of the 13 founding members along with the U.S., EU, Japan, and Australia in order to create an objective system for measuring methane emissions across the natural gas supply chain. Methane (CH4), the main component of natural gas at around 80%, is known as the second cause of global warming after car date2023-11-17
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FTA/Economic Cooperation
IPEF Pillars reach substantial conclusion and outcomes within 18 months of launch
The Republic of Korea participated in the Indo-Pacific Economic Framework for Prosperity (IPEF) ministerial meetings held through November 13-14 in San Francisco along with other 13 member countries to announce the outcomes gained from the last 18 months of negotiations. Member countries signed the Pillar II (Supply Chain) Agreement, which was already concluded in May this year, and also concluded negotiations for the Clean Economy Pillar and the Fair Economy Pillar. They took stock of the nego date2023-11-17