Ministry of Trade, Industry and Energy

Korea to boost critical minerals supply chain and used battery industry

The Korean government announced during the Emergency Economic Ministerial Meeting held on December 13 measures for strengthening the industrial competitiveness of Korea’s secondary batteries over their entire life cycle. The measures aim to help maintain the global competitiveness of Korea's secondary battery industry as competition is intensifying with major countries’ efforts to secure the secondary battery supply chain, such as measures like the U.S.’ inflation reduction act date2023-12-13

Korea and Indonesia to kick CEPA implementation into high gear

Director General for FTA Policy Ahn Chang-yong at the Ministry of Trade, Industry and Energy (MOTIE) headed the Korean delegation in the Korea-Indonesia Joint Committee meeting on December 12 in Bali, their first meeting following the bilateral Comprehensive Economic Partnership Agreement (CEPA)’s entry into force on January 1 this year. The Korean delegation consisted of representatives from relevant ministries, including the Ministry of Economy and Finance (MOEF), Ministry of Oceans and date2023-12-12

Trade ministers' meeting held prior to MC13

Trade, Industry and Energy Deputy Minister for FTA Negotiations Roh Keon-ki attended the meeting convened on December 11 via videoconferencing prior to the upcoming World Trade Organization (WTO)'s 13th Ministerial Conference (MC13) to discuss and build consensus on major agenda items with the U.S., China, the UK, India and other member countries. Deputy Minister Roh placed emphasis on the need for recovering the multilateral system through the WTO reform as a message that needs to be shared du date2023-12-12

Trade leaders gather to discuss major issues prior to upcoming MC13

Trade, Industry and Energy Ministry's Deputy Minister for FTA Negotiations Roh Keon-ki attended the trade ministers’ meeting on December 11, convened at the request of the United Arab Emirates (UAE), Chair of the World Trade Organization (WTO)'s 13th Ministerial Conference (MC13), to facilitate discussions among member countries on major agenda items and catalyze the building of consensus prior to MC13. The attendees concentrated first on discussing measures for making further progr date2023-12-11

Korea and GCC to accelerate the advancement of bilateral FTA

Director General for FTA Negotiations Chang Sung-gil at the Ministry of Trade, Industry and Energy (MOTIE) is leading the Korean delegation in the chief delegate talks with the Gulf Cooperation Council (GCC) to be held through December 11-13 in Riyadh, Saudi Arabia, for advancing negotiations for the Free Trade Agreement (FTA) between Korea and the alliance of six Middle Eastern countries, namely Saudi Arabia, Kuwait, the United Arab Emirates (UAE) Qatar, Bahrain, and Oman. The GCC delegation i date2023-12-11

MOTIE holds holds committee meeting & forum on nuclear decommissioning

Trade, Industry and Energy Ministry's Deputy Minister for Energy Policy Lee Ho-hyeon attended the meeting of the Committee for Strengthening Global Competitiveness in Nuclear Decommissioning 2023 on December 8 at the Westin Josun Seoul with approximately 18 industrial, academia and research experts, including the Ministry of Science and ICT, Korea Hydro and Nuclear Power (KHNP) and Doosan Enerbility to discuss the role of the Korea Research Institute of Decommissioning. In the following Nuclear date2023-12-11

Korea to build global competitiveness in nuclear decommissioning starting with Kori-1 in 2024

Trade, Industry and Energy Ministry's Deputy Minister for Energy Policy Lee Ho-hyeon attended the meeting of the Committee for Strengthening Global Competitiveness in Nuclear Decommissioning on December 8 at the Westin Josun Seoul to discuss measures for bolstering Korean companies’ global competitiveness in the area of nuclear decommissioning. Approximately 18 industrial, academia and research experts attended the committee meeting and focused on the role of the Korea Research Institute date2023-12-08

Digital trade experts from Korea, China and Japan discuss digital trade policies and major issues

Trade, Industry and Energy Deputy Trade Minister Yang Byeong-nae attended the International Seminar on Digital Trade on December 8 at Korea University, held to seek measures for the development of digital trade rules with a focus on the Northeast Asian region, where there are countries strongly competitive in information and communications technology (ICT) and also closely tied to Korea in terms of geopolitics and trade. Hosted by the International Economic Law Association of Korea, organized date2023-12-08

Korea and Vietnam hold joint 7th FTA Committee & 13th Industrial Committee meetings

Minister Bang Moon Kyu led the Korean delegation in the 7th Korea-Vietnam FTA Joint Committee meeting and the 13th Korea-Vietnam Industrial Joint Committee meeting on December 7 at the Shilla Seoul and discussed with the Vietnamese delegation, headed by Vietnam’s Industry and Trade Minister Nguyen Hong Dien, the major issues for implementing their bilateral FTA, including import controls, updating of country of origin standards, resolving of non-tariff barriers, and agricultural trade, and date2023-12-08

Korea and Vietnam to push critical minerals supply chain cooperation in earnest

Trade, Industry and Energy Minister Bang Moon Kyu met with Vietnam’s Industry and Trade Minister Nguyen Hong Dien on December 7 at the Shilla Seoul to hold the 13th Korea-Vietnam Industrial Joint Committee and 7th Korea-Vietnam FTA Joint Committee meetings, where they discussed measures for stronger economic cooperation. During the Industrial Joint Committee meeting, the two leaders agreed to push forward the establishment of a critical minerals supply chain center and cooperati date2023-12-07