Ministry of Trade, Industry and Energy

Korea deposits instrument of acceptance of the WTO Fisheries Subsidies Agreement   

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 24 that the Korean government has formally deposited the instrument of acceptance for the Protocol Amending the Marrakesh Agreement Establishing the World Trade Organization to accept the World Trade Organization (WTO) Fisheries Subsidies Agreement on October 23 on the occasion of attending the Senior Officials Meeting (SOM) held in Geneva, Switzerland (October 23-24).  The Fisheries Subsidies Agreement, negotiated sin date2023-10-27

Korea and Vietnam discuss economic collaboration & advancing carbon free initiatives  

  Trade, Industry and Energy Vice Minister Youngjin Jang held a meeting on October 17 in Seoul with Tran Tuan Anh, head of the Vietnamese Communist Party Central Committee's Economic Commission, and discussed implementation measures following the Korea-Vietnam summit. Since the state visit to Vietnam in June, there has been active high-level dialogues between the two countries aimed at bolstering economic cooperation. Some of the issues discussed include enhancing bilateral trade and date2023-10-27

Minister attends MOU signing ceremony at Korea-Qatar Business Forum

Trade, Industry and Energy Minister Bang Moon Kyu attended the “Korea-Qatar Business Partnership” forum on October 25 at St. Regis Doha for signing of 10 MOUs in new renewable energy, autonomous driving, smart farm, plant and finance.   The event was also attended by Mohammed bin Hamad bin Qassim Al Abdullah Al Thani, the Qatari Minister of Commerce and Industry and the two countries’ government delegations.   date2023-10-27

Korea-Qatar business partnerships take off in energy & new industries

Hosted by the Ministry of Trade, Industry and Energy (MOTIE) and organized by the Korea Trade-Investment Promotion Agency (KOTRA) on October 25 at the St. Regis Doha, the “Korea-Qatar Business Partnership” trade show was launched to serve as a venue for 117 one-on-one meetings between 20 Korean SMEs and middle-market companies and 54 Qatari companies in energy, plant, construction, smart farm, smart city and bio. The trade show is expected to further not only traditional cooper date2023-10-27

Korea and Canada discuss critical minerals supply chain cooperation

Deputy Minister for Trade Yang Byeong-nae met Mark Schaan, Canada’s Senior Assistant Deputy Minister for Strategy and Innovation Policy at the Department of Innovation, Science and Economic Development (ISED) on October 25 at the Plaza Hotel Seoul to discuss measures to strengthen bilateral economic cooperation for critical minerals supply chain resiliency. date2023-10-27

Korea and Canada discuss energy cooperation

Deputy Minister for Trade Yang Byeong-nae met with Goldy Hyder, President of the Business Council of Canada, on October 25 at the Plaza Hotel Seoul to discuss cooperation measures in critical minerals, climate change response and clean energy. date2023-10-27

Korea and Canada discuss cooperation in critical minerals for batteries

Deputy Minister for Trade Yang Byeong-nae met Mark Schaan, Canada’s Senior Assistant Deputy Minister for Strategy and Innovation Policy at the Department of Innovation, Science and Economic Development (ISED) on October 25 in Korea to discuss measures to strengthen bilateral cooperation in economy and trade. Deputy Trade Minister Yang stated that following the U.S. Inflation Reduction Act (IRA)’s entry into force and Korean companies’ growing awareness of the importance of Can date2023-10-27

Korea, China, Japan & Vietnam to strengthen digital materials development cooperation

The Ministry of Trade, Industry and Energy (MOTIE) held the Asian Materials Data Symposium 2023 at the Interburgo Hotel Daegu through October 25-26, and pushed materials data cooperation with major institutions of the U.S., China, Japan, Vietnam, Taiwan and Germany. The U.S., Japan and China are among a number of countries that have been preemptively developing digital materials through data accumulation, and their respective presenters spoke on major success cases at the symposium. Meanwhile, date2023-10-27

Trade Minister discusses economic cooperation with Armenia's Prime Minister

Minister for Trade Dukgeun Ahn met with Armenia’s Prime Minister Nikol Pashinyan on October 24 in Armenia, to discuss bilateral economic cooperation measures in nuclear power plants, ODA, trade and investment. date2023-10-27

Trade Minister discusses economic cooperation with Kazakhstan’s Prime Minister

Trade Minister Ahn met Kazakhstan’s Prime Minister Älihan Smaiylov on October 23 in Kazakhstan and presented President Yoon Suk Yeol’s handwritten letter on bilateral economic cooperation measures. date2023-10-27