Ministry of Trade, Industry and Energy

FDI pledged to Korea in Q3 jump 11.3%

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 4 that foreign direct investments (FDIs) pledged to Korea in the third quarter of 2023 (Jan-Sep, acc.) jumped 11.3 percent year-on-year to a record-breaking USD 24.0 billion. FDIs that actually arrived in Korea over the same period also climbed 20.2 percent to an all-time high of $13.9 billion. The number of pledges increased, while that of arrivals decreased. The number of pledges reached 2,522 (up 11.3 percent) and a date2023-10-05

Korea and UAE hold official negotiation round for CEPA

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 2 that Korea and the United Arab Emirates (UAE) are holding the official round of negotiations for the Comprehensive Economic Partnership Agreement (CEPA) through October 2-5 in Seoul. The Korean delegation is headed by MOTIE’s Director General for FTA Negotiations Chang Sung-gil and composed of approximately 30 relevant ministries’ officials, including those from the Ministry of Economy and Finance (MOEF), Mini date2023-10-05

Trade Minister attends international investment forum "DUSHANBE-2023"

Minister for Trade Dukgeun Ahn visited the Republic of Tajikistan to attend the international investment forum 'DUSHANBE-2023' from September 29-30, where he met Tajikistan’s government representatives and held discussions on the Trade and Investment Promotion Framework (TIPF) and promising areas for cooperation between the two countries.   On the occasion of the forum, Minister Ahn held talks with a number of Tajikistan’s government representatives, including Prime Minister K date2023-10-05

Korea and Cape Verde enter MOUs for agricultural and business cooperation

Trade, Industry and Energy Minister Bang Moon Kyu visited Cape Verde from September 29-30 and attended the MOU signing ceremony between Korean maker of agricultural equipment and machinery Daedong and Cape Verde’s Agriculture and Environment Ministry on donating large-sized tractors and other farming equipment and transferring relevant technology.   Minister Bang gave a congratulatory message expressing his support for the enhancement of Cape Verde’s farming productivity and p date2023-10-05

Minister Bang holds talks with French Economy & Finances Minister

Trade, Industry and Energy Minister Bang Moon Kyu met with French Economy and Finances Minister Bruno Le Maire on the sidelines of the Summit on Critical Minerals and Clean Energy on September 28 in Paris to discuss measures for bilateral cooperation in trade, investment, aerospace and industrial technology. date2023-10-05

Minister Bang holds talks with Eramet CEO

Trade, Industry and Energy Minister Bang Moon Kyu met with French multinational mining and metallurgy company Eramet CEO Christel Bories on the sidelines of the Summit on Critical Minerals and Clean Energy on September 28 in Paris to discuss measures for cooperation in critical minerals supply chain and recycling of resources. date2023-10-05

Minister Bang holds talks with Japan's METI Minister Yasutoshi

Trade, Industry and Energy Minister Bang Moon Kyu met with Japan’s Economy, Trade and Industry Minister Nishimura Yasutoshi on the sidelines of the Summit on Critical Minerals and Clean Energy on September 28 in Paris to discuss measures for bilateral cooperation in energy areas between Korea and Japan. date2023-10-05

Minister Bang holds talks with IEA Executive Director Birol

Trade, Industry and Energy Minister Bang Moon Kyu met with the International Energy Agency (IEA) Executive Director Fatih Birol on the sidelines of the Summit on Critical Minerals and Clean Energy on September 28 in Paris to discuss measures for facilitating energy cooperation between MOTIE and IEA. date2023-10-05

Minister Bang holds talks with Australia's Resources Minister King

Trade, Industry and Energy Minister Bang Moon Kyu met with Madeleine King, Australia’s Minister for Resources and Minister for Northern Australia, on the sidelines of the Summit on Critical Minerals and Clean Energy held by the International Energy Agency (IEA) on September 28 in Paris to discuss bilateral cooperation in critical minerals supply chain and carbon capture and storage (CCS). date2023-10-05

Minister Bang holds talks with Indonesian Energy & Mineral Resources Minister

Trade, Industry and Energy Minister Bang Moon Kyu met with Arifin Tasrif, Indonesian Minister of Energy and Mineral Resources on the sidelines of the Summit on Critical Minerals and Clean Energy held by the International Energy Agency (IEA) on September 28 in Paris and agreed to continue close cooperation between the two countries in critical minerals. date2023-10-05