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Industry
Minister Lee discusses cooperation with Boeing Defense, Space & Security CEO
Trade, Industry and Energy Minister Lee Chang-yang met with Boeing Defense, Space & Security CEO Theodore Colbert III on April 13 at the Four Seasons Hotel Seoul to discuss measures to expand Korea-Boeing aerospace defense industrial cooperation amid global value chain realignment and escalating national defense budgets worldwide. The two leaders discussed future civilian and military aerospace joint development, technology cooperation and investment in Korea, Korean firms’ pa date2023-04-14
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Trade/Investment
Korea's ICT exports recover $15 billion thresholds in March
The Ministry of Trade, Industry and Energy announced on April 13 that Korea's exports and imports of information and communications technology (ICT) goods in March recorded USD 15.8 billion (down 32.2 percent year-on-year) and $11.9 billion (down 7.9 percent), respectively. Trade balance stood at a surplus of $4.0 billion. ICT exports contracted for the ninth consecutive month as the global economic downturn and semiconductor industry slowdown continued, but export value recovered $15.0 billion date2023-04-14
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Energy
2nd Vice Minister chairs meeting for assessing public energy companies' management innovation
Trade, Industry and Energy 2nd Vice Minister Park Il-jun chaired a meeting to assess the management innovation efforts of public energy companies on April 11 at the KEPCO Art Center in Seoul. Vice Minister Park gave an opening message and examined the effectiveness of energy companies’ self-rescue efforts and organization innovation measures. date2023-04-13
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Trade/Investment
Trade Minister attends Korea Biz-Trade Show 2023
Minister for Trade Dukgeun Ahn attended the Korea Biz Trade Show 2023 on April 12 at COEX in Seoul, where export consultations were held on a large scale to foster a “boom up” atmosphere for Korea’s exports amid the recent trade deficit and exports slowdown. Trade Minister Ahn took part in the ribbon cutting ceremony and toured major booths for consultations in public procurement, bio medical, MPE (materials, parts, equipment) and ICT. A total of 1,500 domestic compa date2023-04-13
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Trade/Investment
Korea and Dominican Republic sign TIPF cooperation MOU
Minister for Trade Dukgeun Ahn met with Raquel Peña, Vice President of the Dominican Republic, on April 7 at the Lotte Hotel Seoul and held a Trade Investment Promotion Framework (TIPF) memorandum of understanding (MOU) signing ceremony to bolster cooperation in trade, industry and energy. date2023-04-13
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Industry
Minister Lee attends Korea-Portugal Business Forum
Trade, Industry and Energy Minister Lee Chang-yang attended the Korea-Portugal Business Forum held on April 12 at the Four Seasons Hotel Seoul and met with Portuguese Prime Minister António Costa to discuss measures for expanding Korea-Portugal business cooperation. In his congratulatory message, Minister Lee stated that car parts, renewable energy and many other areas were enjoying increasing bilateral investment. Bilateral trade also grew from USD 0.8 billion in 2019 to $1.2 bi date2023-04-13
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Trade/Investment
Minister Lee attends Korea-Portugal Business Forum
Trade, Industry and Energy Minister Lee Chang-yang attended the Korea-Portugal Business Forum held on April 12 at the Four Seasons Hotel Seoul and met with Portuguese Prime Minister António Costa and other relevant economic organizations’ and companies’ representatives. The forum was co-hosted by the Korea Chamber of Commerce and Industry (KCCI), Embassy of Portugal in South Korea, and the Portuguese Trade & Investment Agency AICEP to expand Korea-Portugal business cooper date2023-04-13
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Industry
MOTIE announces launching of Super Gap Project for Industrial Transformation
Trade, Industry and Energy 1st Vice Minister Jang Young-jin held a CTO Roundtable on April 10 at the Korea Chamber of Commerce and Industry (KCCI) and announced the launching of the “Super Gap Project for Industrial Transformation.” The roundtable was attended by the heads of four relevant institutes and CTOs of nine companies, namely LX Semicon, Samsung Display, Hyundai Motor, POSCO, Yujin Robot, LG Innotek, L&F, Hanwha Aerospace and CJ CheilJedang. The Super Gap Project is a date2023-04-13
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Industry
1st Vice Minister visits cement supplier for site inspection
Trade, Industry and Energy 1st Vice Minister Jang Young-jin visited Hanil Hyundai Cement, the Seoul capital area’s largest cement supplier in Gyeonggi-do, on April 11 for site inspection and briefing on company management and cement supply issues. The Vice Minister toured the facilities and received opinions on measures to improve supply conditions, then inspected silo level and cement loading site. date2023-04-11
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Trade/Investment
Korea and Canada discuss trade, investment & critical minerals cooperation
Minister for Trade Dukgeun Ahn met with Senator Clément Gignac and other Parliament members of Canada on April 10 at the Plaza Hotel Seoul to discuss Korea-Canada trade and investment expansion, critical minerals cooperation MOU, measures for strengthening bilateral and multilateral diplomacy, and requested support for World Expo 2030 Busan. date2023-04-11