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Trade/Investment
Soprano Jo Sumi appointed as honorary ambassador for World Expo 2030 Busan
The World EXPO 2030 Busan Bid Committee (hereinafter “Committee”) held a ceremony to appoint South Korean soprano Jo Sumi as the 4th official honorary ambassador for World Expo 2030 Busan on December 27 at the LG Art Center in Seoul. At the ceremony, Committee Secretary General Yoon Sang-jik and Busan Mayor Park Heong-joon presented soprano Jo Sumi with the appointment plaque. The 4th official honorary ambassador following actor and filmmaker Lee Jung-jae, AI Rozy and boy band BTS, date2022-12-28
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Trade/Investment
Korea holds 231st Ministerial Meeting on International Economic Affairs
South Korea’s Deputy Prime Minister and Economy and Finance Minister Choo Kyung-ho presided the 231st Ministerial Meeting on International Economic Affairs on December 26 at the Government Complex Seoul, which was attended by ministers and vice ministers of relevant ministries, including the Ministry of Trade, Industry and Energy (MOTIE). In his opening message, Minister Choo remarked that 2022 has been a year with a high level of external uncertainty from Russia-Ukraine war, supply chain date2022-12-28
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Industry
MOTIE appoints 4th Honorary Ambassador for World Expo 2030 Busan
The Ministry of Trade, Industry and Energy (MOTIE) held a ceremony on December 27 at the LG Art Center in Seoul to appoint soprano Jo Sumi as the 4th Honorary Ambassador for the World Expo 2030 Busan. The ceremony was also attended by World EXPO 2030 Busan Bid Committee Secretary General Yoon Sang-jik and Busan Mayor Park Heong-joon. date2022-12-27
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Trade/Investment
Trade Minister attends 33rd Trade Agreement TF Meeting
Minister for Trade Dukgeun Ahn attended the 33rd Trade Agreement Task Force (TF) Meeting on December 23 at the President Hotel Seoul to seek measures to support companies amid the rapidly changing trade environment and newly emerging trade rules regarding digital transition, climate change and rising protectionism and to support domestic industries with respect to FTAs currently in force. He added that “the recent first round of official negotiations for the Indo-Pacific Economic Framewor date2022-12-27
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Trade/Investment
Trade Minister holds Industrial and Energy ODA Networking Day 2022
Minister for Trade Dukgeun Ahn held the Industrial and Energy ODA (Official Development Assistance) Networking Day 2022 on December 22 at the Grand Hyatt Seoul to share industrial and energy ODA policy directions. This meeting was attended by ambassadors to the Republic of Korea from 28 countries, and is the second time an ambassador conference of this size was held this year. Trade Minister Ahn proposed the following three major plans as the Ministry of Trade, Industry and Energy (MOTIE)&rsqu date2022-12-27
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Trade/Investment
Trade Minister attends 33rd Trade Agreement Task Force Meeting
Minister for Trade Dukgeun Ahn attended the 33rd Trade Agreement Task Force Meeting on December 23 at the President Hotel Seoul to discuss policy measures for supporting domestic industries and companies concerning enforced FTAs. In his opening message, Trade Minister Ahn stated that “recent global supply chain crisis and climate change issues served as the momentum in ushering in a new international trade order, for which various corporate support measures and agendas will be dev date2022-12-27
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Industry
Trade Minister attends Industrial Technology & Energy Development Cooperation Networking Day
Minister for Trade Dukgeun Ahn attended the Industrial Technology and Energy Development Cooperation Networking Day on December 22 with 28 Official Development Assistance (ODA) member states’ Ambassadors to Korea in Seoul to discuss measures for stronger industrial and energy networking, and requested support for World Expo 2030 Busan. The event was attended by the 28 Ambassadors to Korea among the total 46 ODA member states. date2022-12-23
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Energy
2nd Vice Minister attends Public Energy Companies’ Technology Innovation Committee meeting
Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the 1st Public Energy Companies’ Technology Innovation Committee meeting on December 22 in Seoul to discuss measures for strengthening public-private energy R&D collaboration. Vice Minister Park gave a congratulatory message, stating that “the Government and public energy companies must cooperate closely for R&D investment and good performance,” adding that public energy companies are important f date2022-12-23
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FTA/Economic Cooperation
Korea and Vietnam sign 3 MOUs for energy cooperation
Trade, Industry and Energy Minister Lee Chang-yang visited Hanoi, Vietnam on December 22 on the occasion of the 30th anniversary of the establishment of diplomatic relations between Korea and Vietnam, and met with Vietnam’s Industry and Trade Minister Nguyễn Hồng Diên to hold the 12th Korea-Vietnam Industrial Joint Committee and 6th Korea-Vietnam FTA Joint Committee meetings. The two countries’ delegations, led respectively by the two trade chiefs, discussed measures for s date2022-12-23
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FTA/Economic Cooperation
Korea and Vietnam hold Industrial & FTA Joint Committee meetings
Trade, Industry and Energy Minister Lee Chang-yang attended the 12th Korea-Vietnam Industrial Joint Committee and 6th Korea-Vietnam FTA Joint Committee meetings with Vietnam’s Industry & Trade Minister Nguyễn Hồng Diên on December 22 at the Lotte Hotel Hanoi and discussed FTA implementation agendas concerning trade, energy resources and industrial technology. date2022-12-23