Ministry of Trade, Industry and Energy

Minister Bang holds talks with U.S. Energy Secretary Granholm

Trade, Industry and Energy Minister Bang Moon Kyu attended the Summit on Critical Minerals and Clean Energy held at the International Energy Agency (IEA) headquarters in Paris, France and met with U.S. Energy Secretary Jennifer Granholm to discuss bilateral cooperation in critical minerals and nuclear energy. date2023-10-05

Trade Minister visits Tajikistan and Kazakhstan

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 Kokhir Ra date2023-10-04

Korea raises concerns over EU’s decision to fully regulate PFAS

In response to the proposed restriction of all per- and polyfluoroalkyl substances (PFAS) by the European Union (EU)'s European Chemicals Agency (ECHA), the Ministry of Trade, Industry and Energy (MOTIE) and the Korea Agency for Technology and Standards (KATS) submitted comments to the ECHA and the World Trade Organization's Technical Barriers to Trade (WTO TBT) Enquiry Point, respectively on September 25. PFAS are known to be persistent in the environment and human body because they are not ea date2023-10-04

Korea and Cape Verde discuss measures for agricultural, energy and trade cooperation

Trade, Industry and Energy Minister Bang Moon Kyu visited Cape Verde from September 29-30 as his first destination upon taking office for promotion of the World Expo 2030 Busan, the first ministerial-level high-level visit from Korea to the said West African country. Visiting as Korea’s Presidential envoy, Minister Bang was accompanied by an economic delegation of 31 persons consisting of public and private personnel of relevant government ministries, agencies and companies, including Kor date2023-10-04

Korea to expand joint efforts with IEA members for critical minerals supply chain stabilization

Trade, Industry and Energy Minister Bang Moon Kyu attended the Summit on Critical Minerals and Clean Energy held by the International Energy Agency (IEA) in Paris, France on September 28, where he extended support for IEA’s efforts toward critical minerals stabilization and highlighted the importance of technological innovation, recycling of resources and job creation in his opening message. Minister Bang also held bilateral talks on the sidelines of the summit with counterparts from the date2023-10-04

Minister Bang attends IEA summit & visits Cape Verde for stronger cooperation

Trade, Industry and Energy Minister Bang Moon Kyu attended the Summit on Critical Minerals and Clean Energy held at the International Energy Agency (IEA) headquarters in Paris, France on September 28 to discuss carbon neutrality and critical minerals supply chain issues with counterparts, companies, international organizations and NGOs from the U.S., Japan, Italy, France, Australia and other IEA member states. date2023-10-04

Minister Bang attends IEA summit & visits Cape Verde for stronger cooperation

Trade, Industry and Energy Minister Bang Moon Kyu attended the Summit on Critical Minerals and Clean Energy held by the International Energy Agency (IEA) in Paris, France on September 28 to discuss issues concerning the critical minerals supply chain, such as diversification for stronger international cooperation. In the first session under the theme of unlimited potential in technology, resource recycling and job creation, he spoke about the importance of technological innovation, measures for date2023-10-02

Korea's exports decline 4.4% in September

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 1 that Korea’s exports in September declined 4.4 percent year-on-year to USD 54.7 billion and imports fell 16.5 percent to $51.0 billion, resulting in a trade surplus of $3.7 billion, an all-time high within the last two years. September exports recorded a single-digit decline rate for the second consecutive month, showing the smallest decline rate since last October when the export value began decreasing. The daily a date2023-10-02

Korea and Qatar discuss measures for strengthening energy supply chain

Trade, Industry and Energy Minister Bang Moon Kyu met with Qatar’s Minister of State for Energy Affairs Saad Sherida Al-Kaabi on September 27 at the Four Seasons Hotel Seoul on the occasion of the latter’s first visit to Korea in four years, to discuss measures for strengthening the two countries’ energy and shipbuilding supply chain, including LNG and LNG carriers, renewable energy, hydrogen and ammonia. date2023-09-27

Korea and Qatar discuss measures for strengthening energy supply chain

Trade, Industry and Energy Minister Bang Moon Kyu met with Qatar’s Minister of State for Energy Affairs Saad Sherida Al-Kaabi on September 27 in Seoul on the occasion of the latter’s first visit to Korea in four years, to discuss measures for strengthening the two countries’ energy and shipbuilding supply chain. Even amid uncertainties across the global energy market, Korea and Qatar have maintained cooperative relations as mutually largest LNG trading partners, their bilatera date2023-09-27