Ministry of Trade, Industry and Energy

FTZ Innovation Strategy Forum lays out 30-year roadmap for Korea's free trade zones

The Ministry of Trade, Industry and Energy (MOTIE) held the first Free Trade Zone (FTZ) Innovation Strategy Forum on November 7, and discussed the strategic policy outlook for FTZs over the coming three decades with industry and regional experts, and business leaders. At the forum, a reassessment of the progress was made over the last 50 years, starting from the point when FTZs were first established. An interim report was also shared on the innovation strategy set to shape the development of F date2023-11-09

Korea to bolster economic cooperation with Tanzania

Minister for Trade Dukgeun Ahn visited Dodoma, the capital of Tanzania, on November 8 as a Special Presidential Envoy to strengthen economic cooperation with the East African nation amid the rising strategic importance of the African continent as a new export market and major reservoir of mineral resources. The trade minister’s visit was accompanied by a public-private joint economic delegation composed of representatives of relevant organizations and companies, including the Export-Impor date2023-11-09

Minister meets with Trinidad and Tobago's Works and Transport Minister

Trade, Industry and Energy Minister Bang Moon Kyu met with Rohan Sinanan, the Minister of Works and Transport of Trinidad and Tobago, on November 2 and discussed measures for stronger cooperation in construction and infrastructure industries. date2023-11-09

Minister Bang meets with Trinidad and Tobago's Foreign & CARICOM Affairs Minister

Trade, Industry and Energy Minister Bang Moon Kyu met with Amery Browne, Trinidad and Tobago's Minister of Foreign and CARICOM Affairs, on November 2 in Trinidad and Tobago to deliver President Yoon Suk Yeol’s handwritten letter and discussed measures for expanding cooperation in trade, investment, shipbuilding and digital areas. date2023-11-09

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