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Trade/Investment
World Expo 2030 Bid Committee to give full measure
The South Korean government held the first World Expo 2030 Bid Committee (hereinafter “Committee”) meeting at the Korea Chamber of Commerce and Industry (KCCI) on July 8, which was co-presided by Prime Minister Han Duck-soo and Co-Chairman Chey Tae-won. The private-led bid committee and Government-led bid committee have been merged so as to combine all efforts for the single aim of winning Busan the bid for host city of World Expo 2030. Comprising 14 of Government Ministe date2022-07-11
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Trade/Investment
Trade Minister holds 15th Trade Advisory Committee Meeting
Trade Minister Ahn Duk-geun held the 15th Trade Advisory Committee (hereinafter “Committee”) Meeting at the Lotte Hotel Seoul on July 7, the first meeting of its kind under the new regime. In his opening message, Trade Minister Ahn stated that efforts had been made over the past two months to leverage the Korea-U.S. summit, IPEF launching ceremony and the 12th WTO Ministerial Conference to create favorable trade results for Korean companies and contribute to the internationa date2022-07-11
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Trade/Investment
Trade Minister holds 15th Trade Advisory Committee Meeting
Trade Minister Ahn Duk-geun held the 15th Trade Advisory Committee (hereinafter “Committee”) Meeting at the Lotte Hotel Seoul on July 7, the first meeting of its kind under South Korea's new regime. The above Committee is a consultation body focused on communication with corporations and consists of approximately 30 experts from industries and academia, serving as one of the main public-private collaborative channels. This meeting was held to discuss matters related to trade policy date2022-07-11
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Industry
Korea reclaims world no.1 shipyard title in 4 years
The Ministry of Trade, Industry and Energy (MOTIE) announced on July 6 that South Korea’s shipbuilding industry achieved 1st place in terms of shipbuilding orders for the first half of 2022, winning 45.5 percent (9.79 million CGT) out of a total of 21.53 million CGT, the entire volume of shipbuilding orders worldwide for that period. In so doing, Korea has reclaimed top spot for H1 after previously claiminig it in 2018. When excluding delayed demand effect of 2021, H1 2022 results are the date2022-07-08
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Trade/Investment
Trade Minister attends Global Investment Summit
Trade Minister Ahn Duk-geun attended the Global Investment Summit held at the Shilla Seoul on July 6 and gave a congratulatory message. The event was attended by approximately 200 persons from various foreign-invested companies and relevant local government bodies, including Korea Trade-Investment Promotion Agency (KOTRA) President Yu Jeong-yeol and LG-Ericsson South Korea & Taiwan Operations CEO Håkan Cervell. date2022-07-08
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Trade/Investment
MOTIE holds Global Investment Summit
The Ministry of Trade, Industry and Energy (MOTIE) co-hosted the first large-scale Global Investment Summit (hereinafter “the Summit”) with Korea Trade-Investment Promotion Agency (KOTRA) under the new administration at the Shilla Seoul on July 6, and under the theme of “Role of Foreign Investors in the Era of Supply Chain Reconfiguration.” The Summit consisted of an MOU signing ceremony, roundtable, global investment forum and investment consultation, and the entire ev date2022-07-08
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Energy
2nd Vice Minister attends Korea H2 Business Summit Investor Day
Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the H2 Investor Day held at the Dongdaemun Design Plaza (DDP) on July 6 hosted by Korea H2 Business Summit for stimulating private investment and seeking collaboration opportunities in hydrogen projects. In his opening message, Vice Minister Park emphasized that “hydrogen is the core energy source that can tackle both carbon neutral and energy security” and noted that the 'Hydrogen Act amendment in May has lai date2022-07-07
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Trade/Investment
Trade Minister attends Trade and Security 2022
Trade Minister Ahn Duk-Geun attended the Trade and Security 2022 held at COEX in Seoul on July 6 to raise awareness on trade security and encourage companies that contributed to Korea’s exports control system. Following his opening message, the Trade Minister gave a keynote speech under the theme of “Trade Security Environment and Challenges” and awarded 19 government commendations to companies and institutions that showed model implementation of exports control, as we date2022-07-07
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Trade/Investment
Trade Minister holds 28th Trade Promotion Committee meeting
Trade Minister Ahn Duk-geun presided the 28th Trade Promotion Committee meeting at the Government Complex Sejong on July 5 to discuss recent trade ministerial talks, World EXPO 2030 Busan promotion, pandemic and food security response. The trade chief gave an opening message regarding current issues and bilateral, multilateral talks, namely the 12th WTO Ministerial Conference (MC12), Korea-EU Trade Ministers’ meeting, promotion for Busan as World EXPO host city, fisheries subsidie date2022-07-07
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Energy
2nd Vice Minister attends Korea H2 Business Summit Investor Day
Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the H2 Investor Day held at the Dongdaemun Design Plaza (DDP) on July 6 hosted by Korea H2 Business Summit. The Korea H2 Business Summit was launched voluntarily in September 2021 by 17 companies investing in the hydrogen value chain, some of which are Hyundai Motor, SK, POSCO and Samsung C&T. The hydrogen fund (hereinafter “summit fund”) launching was publicly officialized by the H2 Investor Day event, and a pu date2022-07-07