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Energy
2nd Vice Minister inspects winter season power supply situation
Trade, Industry and Energy 2nd Vice Minister Park Il-Jun visited the Seoul Thermal Power Plant in Mapo-gu on January 24 to inspect power facilities and management situation, where he was briefed by Lim Yang-soo, head of Korea Midland Power's Seoul headquarters. He toured the winter season power supply operations and encouraged employees. date2023-01-26
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Trade/Investment
Korea and UAE agree to strengthen public-private economic cooperation
Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin held the working group meeting of Korea-Middle East public-private joint committee for economic cooperation on January 25 at the Korea International Trade Association (KITA) in the attendance of relevant ministries, public institutions and private sector companies. The meeting consisted of two programs, the first of which focused on follow-up and implementation measures of the 16 MOUs signed between the two governme date2023-01-26
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Trade/Investment
MOTIE holds public-private working group meeting on Korea-Middle East economic cooperation
Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin held the public-private joint committee working group meeting on Korea-Middle East economic cooperation on January 25 at the Korea International Trade Association (KITA) to discuss 48 implementation measures following recent MOUs, building upon the Korea-UAE summit diplomacy momentum. The Deputy Trade Minister exchanged views regarding energy, new industries, national defense, SMEs, trade and investment with date2023-01-25
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Industry
1st Vice Minister visits market ahead of Korea's Lunar New Year holidays
Trade, Industry, and Energy 1st Vice Minister Jang Young-jin visited the Gwangjang Traditional Market located in Jongno-gu, Seoul, on January 19 to inspect market prices and self-quarantine conditions ahead of Korea's Lunar New Year holidays. After receiving a briefing from Seoul Merchants Association Chairman Choo Gwi-sung on market management issues, Vice Minister Jang purchased holiday goods using an onnuri gift certificate. In view of the COVID-19 situation, the purchased goods were date2023-01-20
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Trade/Investment
Trade Minister attends trade ministerial sessions at Davos
Minister for Trade Dukgeun Ahn attended the World Economic Forum (WEF) 2023 held in Davos, Switzerland, as of January 18, where he partook in various sessions discussing key issues with many other countries’ government and business leaders. He attended “The Case for Trade” session with U.S. Trade Representative Katherine Tai as one of the panelists and emphasized the need for stronger global trade solidarity for revitalization of the free trade system so as to respond date2023-01-20
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Trade/Investment
Minister discusses investment deals with global companies at Davos
Trade, Industry and Energy Minister Lee met with the management personnel of German multinational science and technology company Merck and Swiss healthcare company Novartis, respectively, at Davos on January 19 to discuss investment in Korea. Merck Life Science CEO Matthias Heinzel shared investment achievements and future cooperation measures, revealing that Korea is one of the major candidate sites for the company’s upcoming new plant for raw and subsidiary bio materials.   date2023-01-20
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Trade/Investment
Trade Minister attends trade ministerial sessions at Davos
Minister for Trade Dukgeun Ahn attended the World Economic Forum (WEF) 2023 held in Davos, Switzerland, as of January 18, where he partook in various sessions discussing key issues with many other countries’ government and business leaders. Trade Minister Ahn attended the “The Case for Trade”, “Busting Business Barriers” and Trade and Investment Leadership Breakfast sessions to discuss measures for restoring the global trade system and investment. He attended &ldq date2023-01-20
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Trade/Investment
Minister discusses investment deals with global companies
The Ministry of Trade, Industry and Energy (MOTIE) announced on January 18 the decision of world-leading Danish wind turbine manufacturer Vestas to invest USD 300 million in South Korea, to which the company is positively considering moving its Asia-Pacific regional headquarters to South Korea. An investment deal ceremony was held in Davos, Switzerland, to mark the decision. With the $300 million investment, Vestas plans to build a large-scale wind turbine plant in Korea for producing core equ date2023-01-20
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Energy
Korea and Poland discuss energy project at Davos
Trade, Industry and Energy Minister Lee Chang-yang held talks with Jacek Sasin, Poland's Deputy Prime Minister and Minister of State Assets, on January 18 in Davos to discuss the Korea-Poland joint Pątnów project and requested smooth progress of the feasibility study and other follow-up procedures, proposing an intergovernmental letter of intent (LOI) in addition to the one inked between their corporate parties so as to deepen the bilateral partnership. date2023-01-20
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Energy
Korea holds talks with Poland and Czech Republic on energy cooperation
Trade, Industry and Energy Minister Lee Chang-yang, on the occasion of the World Economic Forum (WEF), held bilateral talks with the industry and energy Ministers of Poland and the Czech Republic on January 18 in Davos to discuss cooperation in nuclear power plants and high-tech industries. Minister Lee met with Jacek Sasin, the Polish Deputy Prime Minister and Minister of State Assets, to discuss cooperation in nuclear power plants. Prime Minister Sasin is one of the key figures leading the tw date2023-01-19