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Trade/Investment
Trade Minister attends Korea Biz-Trade Show 2023
Minister for Trade Dukgeun Ahn attended the Korea Biz Trade Show 2023 on April 12 at COEX in Seoul, where export consultations were held on a large scale to foster a “boom up” atmosphere for Korea’s exports amid the recent trade deficit and exports slowdown. Trade Minister Ahn took part in the ribbon cutting ceremony and toured major booths for consultations in public procurement, bio medical, MPE (materials, parts, equipment) and ICT. A total of 1,500 domestic compa date2023-04-13
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Trade/Investment
Korea and Dominican Republic sign TIPF cooperation MOU
Minister for Trade Dukgeun Ahn met with Raquel Peña, Vice President of the Dominican Republic, on April 7 at the Lotte Hotel Seoul and held a Trade Investment Promotion Framework (TIPF) memorandum of understanding (MOU) signing ceremony to bolster cooperation in trade, industry and energy. date2023-04-13
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Industry
Minister Lee attends Korea-Portugal Business Forum
Trade, Industry and Energy Minister Lee Chang-yang attended the Korea-Portugal Business Forum held on April 12 at the Four Seasons Hotel Seoul and met with Portuguese Prime Minister António Costa to discuss measures for expanding Korea-Portugal business cooperation. In his congratulatory message, Minister Lee stated that car parts, renewable energy and many other areas were enjoying increasing bilateral investment. Bilateral trade also grew from USD 0.8 billion in 2019 to $1.2 bi date2023-04-13
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Trade/Investment
Minister Lee attends Korea-Portugal Business Forum
Trade, Industry and Energy Minister Lee Chang-yang attended the Korea-Portugal Business Forum held on April 12 at the Four Seasons Hotel Seoul and met with Portuguese Prime Minister António Costa and other relevant economic organizations’ and companies’ representatives. The forum was co-hosted by the Korea Chamber of Commerce and Industry (KCCI), Embassy of Portugal in South Korea, and the Portuguese Trade & Investment Agency AICEP to expand Korea-Portugal business cooper date2023-04-13
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Industry
MOTIE announces launching of Super Gap Project for Industrial Transformation
Trade, Industry and Energy 1st Vice Minister Jang Young-jin held a CTO Roundtable on April 10 at the Korea Chamber of Commerce and Industry (KCCI) and announced the launching of the “Super Gap Project for Industrial Transformation.” The roundtable was attended by the heads of four relevant institutes and CTOs of nine companies, namely LX Semicon, Samsung Display, Hyundai Motor, POSCO, Yujin Robot, LG Innotek, L&F, Hanwha Aerospace and CJ CheilJedang. The Super Gap Project is a date2023-04-13
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Industry
1st Vice Minister visits cement supplier for site inspection
Trade, Industry and Energy 1st Vice Minister Jang Young-jin visited Hanil Hyundai Cement, the Seoul capital area’s largest cement supplier in Gyeonggi-do, on April 11 for site inspection and briefing on company management and cement supply issues. The Vice Minister toured the facilities and received opinions on measures to improve supply conditions, then inspected silo level and cement loading site. date2023-04-11
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Trade/Investment
Korea and Canada discuss trade, investment & critical minerals cooperation
Minister for Trade Dukgeun Ahn met with Senator Clément Gignac and other Parliament members of Canada on April 10 at the Plaza Hotel Seoul to discuss Korea-Canada trade and investment expansion, critical minerals cooperation MOU, measures for strengthening bilateral and multilateral diplomacy, and requested support for World Expo 2030 Busan. date2023-04-11
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Energy
Korea and UK announce joint declaration for energy transition
Trade, Industry and Energy Minister Lee Chang-yang met with Grant Shapps, the UK’s Secretary of State for Energy Security and Net Zero on April 10 at the Lotte Hotel Seoul and put out a joint declaration stating their agreement to bolster cooperation and exchange in clean energy. They also discussed various measures for nuclear energy cooperation, including design, construction, main equipment production, decommissioning, nuclear fuel and small modular reactors (SMRs). date2023-04-11
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Energy
Korea and UK announce joint declaration on energy transition
Trade, Industry and Energy Minister Lee Chang-yang met with Grant Shapps, the UK’s Secretary of State for Energy Security and Net Zero on April 10 at the Lotte Hotel Seoul to discuss clean energy exchange and cooperation. The two countries put out a joint declaration stating their agreement on the need for energy transition from fossil fuels to low carbon power sources, prospects for South Korea’s participation in the UK’s new nuclear power plant project and the two countries& date2023-04-10
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Trade/Investment
Trade Minister holds 1st New Trade Roundtable
Minister for Trade Dukgeun Ahn chaired the 1st New Trade Roundtable meeting on April 6 at the Korea International Trade Association (KITA) in Seoul to discuss the impact on Korean industries from major countries’ shift towards protectionist supply chain policies and to seek solutions for overcoming the situation. The trade minister gave an opening message and led discussions on “Korea’s future path amid global supply chain realignment, legislation progress of EU’ date2023-04-10