Ministry of Trade, Industry and Energy

Korea to strengthen economic cooperation with Trinidad and Tobago

Trade, Industry and Energy Minister Bang Moon Kyu visited the Republic of Trinidad and Tobago as Special Presidential Envoy to strengthen industrial and energy cooperation with Latin American nations on November 2, on the heels of his visit to Chile (Oct. 29-Nov.1). This is the first visit made to the Caribbean island country by Korea’s trade, industry and energy minister. The visit was accompanied by an economic delegation composed of 28 representatives of public and private organization date2023-11-09

Korea discusses trade and energy 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 other bilateral economic collaboration measures. Vice Minister Kang noted that, while the bilateral trade volume between Korea and Malta is not large, there exists various aspects that call for greater trade and investment, such as Malta’ date2023-11-08

Global companies pledge $940 mln investment into Korea at Invest Korea Summit 2023

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 7 that the nation’s largest investment promotion event, the Invest KOREA Summit, held that day at BEXCO in Busan drew in approximately USD 940 million (KRW 1 trillion) worth of investments into Korea. Prime Minister Han Duck-soo attended the investment declaration ceremony held during the Summit, where five global companies pledged investments of $940 million into Korea and submitted declarations to MOTIE Minister Ba date2023-11-08

Korea and Japan discuss future economic cooperation at 16th Industrial Technology Fair

The Ministry of Trade, Industry and Energy (MOTIE), together with the Korea-Japan Cooperation Foundation for Industry and Technology and Japan-Korea Cooperation Foundation for Industry and Technology, launched the 16th Korea-Japan Industrial Technology Fair on November 7 and proposed future directions for bilateral economic cooperation. Launched in 2008, the 16th Korea-Japan Industrial Technology Fair has served as the primary venue for Korea-Japan business exchanges between both countries&rsqu date2023-11-07

Korea's semiconductor assembly technology poised to set global standards

Korea is at the forefront of shaping global standards for electronic assembly technology, a crucial aspect of semiconductor product manufacturing. The Korea Agency for Technology and Standards (KATS) is hosting the International Electrotechnical Commission's Technical Committee (IEC/TC 91) meeting on electronic assembly technology for five days from November 6–10 on Jeju Island. This event brings together around 50 experts from nine member countries, including the U.S., Germany, Japan, and date2023-11-07

CIIE 2023 draws 212 Korean companies with eye on Chinese market

Trade, Industry and Energy Ministry's Deputy Minister for Trade Yang Byeong-nae attended the China International Import Expo 2023 (6th CIIE) held through November 5-10 in Shanghai, in which a total of 212 Korean companies are participating. Hosted by the Chinese government with aim to further open China’s markets and enhance imports, CIIE has been held on an annual basis since its first launch in 2018. Chinese local governments, as well as both state-owned and private companies have parti date2023-11-07

Korean delegation participates in the 7th IPEF negotiating round

Trade, Industry and Energy Ministry’s Deputy Minister for Trade Negotiations Roh Keon-ki is heading the Korean delegation from November 5-12 in the seventh round of official in-person negotiations for the Indo-Pacific Economic Framework for Prosperity held in San Francisco, U.S. The Korean delegation is composed of representatives of approximately 20 government ministries. The seventh negotiating round was launched 10 days on the heels of the sixth negotiating round held in Malaysia date2023-11-07

Korea and Georgia hold EPA Business Roundtable

Minister for Trade Dukgeun Ahn attended the Korea-Georgia Economic Partnership Agreement (EPA) Business Roundtable held on November 2 on the sidelines of the announcement of the launch of official EPA negotiations. The roundtable was attended by Georgia’s Deputy Minister of Economy and Sustainable Development Genadi Arveladz, as well as both countries’ delegations and private sector groups in promising areas for cooperation, such as critical minerals, energy and supply chain. date2023-11-06

Invest Korea Summit 2023 launched in Busan

The Ministry of Trade, Industry and Energy (MOTIE) is hosting the Invest KOREA Summit (IKS) 2023 through November 6-8 in Busan. As Korea’s largest foreign investment promotion event, IKS this year is to draw approximately 1,500 participants from both Korean and overseas companies, Chambers of Commerce, Government ministries and local government bodies. The Korean government plans to not only share the investment outcomes achieved thus far, but also present a vision of nurturing Korea into date2023-11-06

Korea and Ireland discuss cooperation in trade and investment

Minister for Trade Dukgeun Ahn met Simon Coveney, Ireland’s Minister for Enterprise, Trade and Employment, on November 2 at the Plaza Hotel Seoul and discussed measures for expanding trade and facilitating investment between the two countries. date2023-11-06