Ministry of Trade, Industry and Energy

Korean delegation participates in the 7th IPEF negotiating round

Trade, Industry and Energy Ministry’s Deputy Minister for Trade Negotiations Roh Keon-ki is heading the Korean delegation from November 5-12 in the seventh round of official in-person negotiations for the Indo-Pacific Economic Framework for Prosperity held in San Francisco, U.S. The Korean delegation is composed of representatives of approximately 20 government ministries. The seventh negotiating round was launched 10 days on the heels of the sixth negotiating round held in Malaysia date2023-11-07

Korea and Georgia hold EPA Business Roundtable

Minister for Trade Dukgeun Ahn attended the Korea-Georgia Economic Partnership Agreement (EPA) Business Roundtable held on November 2 on the sidelines of the announcement of the launch of official EPA negotiations. The roundtable was attended by Georgia’s Deputy Minister of Economy and Sustainable Development Genadi Arveladz, as well as both countries’ delegations and private sector groups in promising areas for cooperation, such as critical minerals, energy and supply chain. date2023-11-06

Invest Korea Summit 2023 launched in Busan

The Ministry of Trade, Industry and Energy (MOTIE) is hosting the Invest KOREA Summit (IKS) 2023 through November 6-8 in Busan. As Korea’s largest foreign investment promotion event, IKS this year is to draw approximately 1,500 participants from both Korean and overseas companies, Chambers of Commerce, Government ministries and local government bodies. The Korean government plans to not only share the investment outcomes achieved thus far, but also present a vision of nurturing Korea into date2023-11-06

Korea and Ireland discuss cooperation in trade and investment

Minister for Trade Dukgeun Ahn met Simon Coveney, Ireland’s Minister for Enterprise, Trade and Employment, on November 2 at the Plaza Hotel Seoul and discussed measures for expanding trade and facilitating investment between the two countries. date2023-11-06

Korea and Georgia announce commencement of EPA negotiations

Minister for Trade Dukgeun Ahn and Georgia’s Deputy Minister of Economy and Sustainable Development Genadi Arveladze announced on November 2 at the Le Meridien Seoul the commencement of the official negotiation process for the Korea-Georgia Economic Partnership Agreement (EPA). date2023-11-06

Minister holds talks with Chile’s Mining Minister

Trade, Industry and Energy Minister Bang Moon Kyu held talks with Chile’s Mining Minister Aurora Williams on October 31 in Chile on measures to bolster cooperation in critical minerals, hydrogen, trade and investment.   The minister’s visit to Chile was accompanied by an economic delegation composed of representatives of relevant organizations and companies, including the Korea Trade-Investment Promotion Agency (KOTRA), Export-Import Bank of Korea, Hyundai Motor, Samsung Elect date2023-11-06

Korea to kick off official negotiations with Georgia for EPA

Minister for Trade Dukgeun Ahn and Georgia’s Deputy Minister of Economy and Sustainable Development Genadi Arveladze announced the commencement of the official negotiation process for the Korea-Georgia Economic Partnership Agreement (EPA) in Seoul on November 2. This declaration comes about a month after Korea's initial proposal for an EPA was presented to the National Assembly in September, marking the launch of discussions with Georgia focused on extensive collaborations in areas such as date2023-11-06

Next year to see the establishment of large-scale demonstration infrastructure to back K-robot initiatives

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 2 that a dedicated task force (TF) for the “National Robot Test Field” project will be operated in collaboration with Daegu Metropolitan City, the Korea Planning & Evaluation Institute of Industrial Technology (KEIT), and the Korea Institute for Robot Industry Advancement (KIRIA), following the successful prefeasibility study completed in August. The “National Robot Test Field” initiative is de date2023-11-06

Minister meets with Chile's Foreign Affairs Minister Alberto van Klaveren

Trade, Industry and Energy Minister Bang Moon Kyu visited Chile as Special Presidential Envoy and held talks on October 31 with Chilean Foreign Affairs Minister Alberto van Klaveren and delivered President Yoon Suk Yeol’s handwritten letter, proposing that the two countries build a new partnership for shared future prosperity based on the 60 plus years of diplomatic relations. date2023-11-03

Minister attends Korea-Chile Business Roundtable

Trade, Industry and Energy Minister Bang Moon Kyu attended the Korea-Chile Business Roundtable on October 30 in Chile, which was co-organized by KCCI and the Chilean Federation of Industry (SOFOFA) for discussions on comprehensive and strategic industrial cooperation, and attended by 60 key business figures of both countries. date2023-11-03