Ministry of Trade, Industry and Energy

Minister chairs public-private meetings on exports and Korea-Middle East cooperation

Trade, Industry and Energy Minister Bang Moon Kyu chaired the public-private joint meeting for export expansion assessment as well as the public-private joint committee meeting for Korea-Middle East economic cooperation on November 8 at K-SURE in Seoul.   The Minister gave an opening message and led discussions on short term exports expansion strategies and Middle East economic cooperation outcomes and implementation measures.   The meetings were attended by representatives of rele date2023-11-10

Korea discusses energy and economic cooperation with Malta

Trade, Industry and Energy Vice Minister Kang Kyungsung met Ian Borg, Malta’s Minister for Foreign and European Affairs and Trade, on November 7 in Seoul and discussed measures for expanding trade and investment, eco-friendly energy cooperation and asked support for World Expo 2030 Busan. date2023-11-10

Minister gives opening message at Invest Korea Summit 2023

Trade, Industry and Energy Minister Bang Moon Kyu attended the Invest KOREA Summit 2023 on November 7 in Busan and introduced the government policy directions and Korea’s investment environment in the attendance of approximately 600 participants, including representatives of various anchor companies, foreign-invested firms and public institutions, such as Prime Minister Han Duck-soo, Busan Mayor Park Heong-joon and KOTRA President Yu Jeoung-yeol. date2023-11-09

Minister meets with Equinor's Renewables Executive Vice President

Trade, Industry and Energy Minister Bang Moon Kyu met with Equinor’s Renewables (REN) Executive Vice President Pål Eitrheim on November 7 on the sidelines of the Invest KOREA Summit held in Busan and discussed Korea’s choice investment environment. date2023-11-09

Minister meets with B. Grimm Power CEO

Trade, Industry and Energy Minister Bang Moon Kyu met B. Grimm Power CEO Harald Link on November 7 on the sidelines of the Invest KOREA Summit in Busan and explained Korea’s choice investment environment. date2023-11-09

MOTIE holds investment declaration ceremony

Trade, Industry and Energy Minister Bang Moon Kyu received $940 million worth of investment declarations from five global companies specializing in carbon neutrality (B.Grimm Power, Ocean Winds), quantum computing mixed facilities (Hines), future mobility (Renault Korea Motors), and semiconductors (TOK Advanced Materials Co.) on November 7 at BEXCO in Busan during the Invest KOREA Summit, in the attendance of Prime Minister Han Duck-soo.   date2023-11-09

FTZ Innovation Strategy Forum lays out 30-year roadmap for Korea's free trade zones

The Ministry of Trade, Industry and Energy (MOTIE) held the first Free Trade Zone (FTZ) Innovation Strategy Forum on November 7, and discussed the strategic policy outlook for FTZs over the coming three decades with industry and regional experts, and business leaders. At the forum, a reassessment of the progress was made over the last 50 years, starting from the point when FTZs were first established. An interim report was also shared on the innovation strategy set to shape the development of F date2023-11-09

Korea to bolster economic cooperation with Tanzania

Minister for Trade Dukgeun Ahn visited Dodoma, the capital of Tanzania, on November 8 as a Special Presidential Envoy to strengthen economic cooperation with the East African nation amid the rising strategic importance of the African continent as a new export market and major reservoir of mineral resources. The trade minister’s visit was accompanied by a public-private joint economic delegation composed of representatives of relevant organizations and companies, including the Export-Impor date2023-11-09

Minister meets with Trinidad and Tobago's Works and Transport Minister

Trade, Industry and Energy Minister Bang Moon Kyu met with Rohan Sinanan, the Minister of Works and Transport of Trinidad and Tobago, on November 2 and discussed measures for stronger cooperation in construction and infrastructure industries. date2023-11-09

Minister Bang meets with Trinidad and Tobago's Foreign & CARICOM Affairs Minister

Trade, Industry and Energy Minister Bang Moon Kyu met with Amery Browne, Trinidad and Tobago's Minister of Foreign and CARICOM Affairs, on November 2 in Trinidad and Tobago to deliver President Yoon Suk Yeol’s handwritten letter and discussed measures for expanding cooperation in trade, investment, shipbuilding and digital areas. date2023-11-09