Ministry of Trade, Industry and Energy

Korea and Ecuador discuss measures to bolster supply chain cooperation

The Republic of Korea’s Minister for Trade Dukgeun Ahn held talks with Ecuador’s recently appointed Production, Foreign Trade, Investments and Fisheries Minister Daniel Legarda Touma on August 9 via videoconferencing to discuss measures to further the Korea-Ecuador Strategic Economic Cooperation Agreement (SECA) negotiation progress and strengthen bilateral cooperation in trade, investment and supply chain. date2023-08-09

Korea and Ecuador discuss measures to bolster supply chain cooperation

The Republic of Korea’s Minister for Trade Dukgeun Ahn held talks with Ecuador’s recently appointed Production, Foreign Trade, Investments and Fisheries Minister Daniel Legarda Touma on August 9 via videoconferencing to discuss measures to further the Korea-Ecuador Strategic Economic Cooperation Agreement (SECA) negotiation progress and strengthen bilateral cooperation in trade, investment and supply chain. The two countries broke the six-year hiatus in July last year by resuming Ko date2023-08-09

Korea and Lao PDR push forward cooperation for green growth & GHG mitigation

The Republic of Korea’s Ministry of Trade, Industry and Energy and the Lao PDR's Natural Resources and Environment Ministry on August 8 discussed industrial and energy related greenhouse gases mitigation measures at the Korea Trade-Investment Promotion Agency (KOTRA) in Seoul. The meeting was attended by approximately 17 persons, including members of KOTRA, Korea Energy Agency (KEA) as well as officials from the Lao PDR’s Ministry of Industry and Commerce, Ministry of Agriculture and Forestry and the Ministry of Public Works and Transport. The meeting was held to strengthen the Korea-Lao greenhouse gas (GHG) mitigation partnership amid the Lao PDR’s efforts to push green growth policies and encourage sustainable power development measures. The Korean delegation proposed that the two countries sign cooperation memorandums of understanding (MOUs) and further their partnership to pursue pilot projects and secure strategic areas of cooperation. The Lao delegation agreed that GHG mitigation is necessary for expanding forward-looking bilateral cooperation, and requested Korea’s assistance in reinforcing its GHG mitigation system and capacity. Korea’s Ministry of Trade, Industry and Energy (MOTIE) plans to hold the Global Net Zero Connection event in Busan in November with aim to seriously push forward Korea’s efforts for GHG mitigation. date2023-08-08

Korea to lead regulation reforms to propel industrial complex investments

The Republic of Korea’s Trade, Industry and Energy Ministry’s Office of Industries & Enterprises Deputy Minister Hwang Soo-sung chaired a meeting on August 1 to discuss innovative ways to reform regulations related to the location of industrial complexes that impede corporate investment with relevant ministries and institutions. The meeting was held as part of a task force dedicated to carrying out innovative regulation reforms for industrial complex locations. The task force i date2023-08-08

Korea accelerates crucial power network expansion to boost high-tech industry

The project to construct a 500kV Buk Dangjin-Godeok high-voltage direct current (HVDC) transmission line supplying power to the Pyeongtaek semiconductor complex and the southern Seoul metropolitan area, is expected to be fully operational by the end of this year at the earliest. Trade, Industry and Energy Minister Lee Chang-yang visited the construction site of the power network in the Dangjin area on August 2 to encourage smooth preparations to meet completion deadlines. The “500kV Buk D date2023-08-07

Korea and U.S. assess bilateral high-tech cooperation as follow-up to state visit

The Republic of Korea’s Trade, Industry and Energy Vice Minister Jang Young-jin chaired the Korea-U.S. High-Tech Cooperation Strategy Assessment Meeting on August 4 (local time) in Dallas, U.S., and discussed detailed measures to seriously push forward with bilateral technology cooperation. During Korean President Yoon Suk Yeol’s state visit to the U.S. in April last year, a total of 23 memorandums of understanding (MOUs) were sealed in areas like advanced industries and clean energ date2023-08-07

Korea and U.S. gear up joint industrial technology R&D

The Republic of Korea’s Trade, Industry and Energy Vice Minister Jang Young-jin held a briefing session on Korea-U.S. industrial technology R&D on August 1 (local time) in San Francisco and conveyed the Korean government’s stance on international cooperation in advanced technologies, then discussed practical measures for Korea-U.S. technology collaboration. Over 130 researchers attended in person or online and showed interest in Korea’s public-led invigoration of internati date2023-08-04

Minister Lee discusses trade bolstering measures with U.S.' Ways & Means Committee

The Republic of Korea’s Trade, Industry and Energy Minister Lee Chang-yang and Minister for Trade Dukgeun Ahn met with the House Committee on Ways and Means, led by Congressman Jason Smith, on July 31 in Seoul to discuss the U.S. Inflation Reduction Act (IRA), CHIPS and Science Act, energy cooperation and other Korea-U.S. industrial and trade issues. date2023-08-04

Minister Lee discusses trade bolstering measures with U.S.' Ways & Means Committee

The Republic of Korea's Trade, Industry and Energy Minister Lee Chang-yang met with the U.S. House group Ways & Means Committee headed by Chair Jason Smith on July 31 in Seoul to discuss the Inflation Reduction Act (IRA), CHIPS and Science Act, and other bilateral issues in energy, industrial and trade cooperation. A bipartisan group in charge of U.S. taxation, supply chain, free trade agreements (FTAs) and other trade policies, the Ways & Means Committee visited Korea to discuss measur date2023-08-03

Korea and Japan accelerate business exchange following presidential visit

Trade, Industry and Energy Minister Lee Chang-yang attended the Korea-Japan Business Conference Dinner on July 28 at the Lotte Hotel Seoul to discuss measures for invigorating economic exchange and cooperation between major Korean and Japanese business leaders.   Minister Lee Chang-yang said in his congratulatory remarks, 'The Korea-Japan relationship has been fully restored with four Korea-Japan summits held in just four months after the presidential visit to Japan in March.' He encourag date2023-08-03