Ministry of Trade, Industry and Energy

Trade Minister holds trade assessment meeting

Minister for Trade Dukgeun Ahn held a trade assessment meeting on March 21 at the KSURE headquarters in Seoul to discuss impact on domestic industries’ exports from recent bankruptcy filing of Silicon Valley Bank Financial Group and Credit Suisse liquidity crisis, as well as global energy market trends.   Trade Minister Ahn gave an opening message and led discussions on export situation per major destination, global energy market forecast and measures to invigorate exports per secto date2023-03-22

Trade Minister attends Korea-Africa Trade & Industry Cooperation Forum 2023

Minister for Trade Dukgeun Ahn attended the Korea-Africa Trade and Industry Cooperation Forum 2023 on March 20 at the Plaza Hotel Seoul, hosted by the Ministry of Trade, Industry and Energy (MOTIE) and organized by the Korea Plant Industries Association (KPIA).   Trade Minister Ahn gave an opening message at the Forum, which was held to seek measures to expand Korea-Africa trade and investment in response to a new trade environment, and have representatives of the Government, institutions date2023-03-22

Trade Minister attends Korea-Africa Trade & Industry Cooperation Forum 2023

Minister for Trade Dukgeun Ahn attended the Korea-Africa Trade and Industry Cooperation Forum 2023 (hereinafter “Forum”) on March 20 at the Plaza Hotel Seoul, hosted by the Ministry of Trade, Industry and Energy (MOTIE) and organized by the Korea Plant Industries Association (KOPIA). The Forum was held to seek measures to expand Korea-Africa trade and investment in response to a new trade environment, and have representatives of the Government, institutions and companies gathered in date2023-03-22

Korea's auto exports hit all-time highs in February

The Ministry of Trade, Industry and Energy announced on March 20 that Korea’s automobile industry in February achieved double digit growth in production, domestic sales and exports year-on-year. The monthly export value for February hit an all-time high of USD 5.6 billion. Car parts also rose 13.3 percent in export value to $2.0 billion as shipments increased to North America and the EU. Automobiles and car parts combined ($7.6 billion) now make up the largest chunk of Korea’s expor date2023-03-21

Korea and UAE seal 6 agreements & MOUs in defense, energy & new industries

Minister for Trade Dukgeun Ahn attended the “Korea-UAE Business Roundtable” and memorandum of understanding (MOU) signing ceremony held at the InterContinental Abu Dhabi on March 16 as follow-up to the January economic summit diplomacy outcomes. On the occasion of Trade Minister Ahn’s visit to the United Arab Emirates (UAE), the Ministry of Trade, Industry and Energy (MOTIE) and the Korea Trade-Investment Promotion Agency (KOTRA) held the Korea-UAE business consultation sessio date2023-03-21

Trade Minister attends Korea-UAE Business Roundtable

Minister for Trade Dukgeun Ahn attended the Korea-UAE Business Roundtable held on March 16 at the InterContinental Abu Dhabi for the MOU signing ceremony and toured the business consultation booths.   The Roundtable was attended by both countries’ companies and relevant organizations, including Korea Plant Industries Association (KPIA), Korea International Trade Association (KITA), UAE Ministry of Industry and Advanced Technology and Ministry of Energy and Infrastructure.   date2023-03-20

Korea and UAE follow up on summit diplomacy outcomes

Minister for Trade Dukgeun Ahn visited the United Arab Emirates (UAE) through March 15-16 and met with UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi and Minister of Energy and Infrastructure Suhail Mohamed Al Mazrouei to follow up on the economic summit diplomacy outcomes between the two countries.   With UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi, he discussed new trade cooperation agendas like bio, digital and continuing the contract for date2023-03-20

Korea and UAE follow up on summit diplomacy outcomes

Minister for Trade Dukgeun Ahn visited the United Arab Emirates (UAE) through March 15-16 to advance economic diplomacy between the two countries, activating the Korea-UAE economic cooperation channel and dispatching the “shuttle group” as part of carrying out the economic summit diplomacy follow-up measures through creating a new Middle East boom for economic vitalization. On the first day of arrival, Trade Minister Ahn met with UAE Minister of State for Foreign Trade Thani bin Ahm date2023-03-20

Minister Lee attends 50th Korean Commerce and Industry Day

Trade, Industry and Energy Minister Lee Chang-yang attended the 50th Korean Commerce and Industry Day Ceremony on March 15 at the Korea Chamber of Commerce and Industry (KCCI) held to promote commercial and industrial advancement and encourage those that contributed to Korea’s industrial development.   Minister Lee gave a congratulatory message and awarded orders and medals of merit to 16 persons, including the Gold Tower Order of Industrial Service Merit awarded to HD Hyundai Chair date2023-03-17

Korea and Netherlands sign 7 MOUs for industrial & energy cooperation

Minister for Trade Dukgeun Ahn attended the Korea-Netherlands MOU signing ceremony held on March 14 at the JW Marriott Hotel Seoul with Dutch Minister for Foreign Trade and Development Cooperation Liesje Schreinemacher and Dutch Employers Lobby Chair Ingrid Thijssen, for both countries' public institutes and companies entering cooperation MOUs in eco-friendly mobility, renewable energy and other areas. date2023-03-17