Ministry of Trade, Industry and Energy

MOTIE launches public-private committee for Korea-Middle East economic cooperation

Trade, Industry and Energy Minister Lee held a meeting on February 16 with relevant ministries, institutions and private sector companies launching the Public-Private Joint Committee for Korea-Middle East Economic Cooperation (hereinafter “Committee”) at the Lotte Hotel Seoul. In his opening message, Minister Lee stated that amid recent difficult external and internal economic conditions, Korea successfully secured 58 B2B memorandums of understanding (MOUs) and agreements with Saudi date2023-02-16

Korea and Austria discuss trade, investment and economic cooperation

Minister for Trade Dukgeun Ahn met with Martin Kocher, Austria’s Federal Minister for Labor and Economy, and Karl Nehammer, Chancellor of Austria, on February 15 in Vienna, respectively, to discuss expansion and strengthening of cooperation in trade, investment, industrial technology and economy, and requested support for Korea’s bid to host World Expo 2030 Busan. date2023-02-16

Minister presides 10th Defense Industrial Development Committee meeting

Trade, Industry and Energy Minister Lee Chang-yang presided the 10th Defense Industrial Development Committee meeting on February 14 at the Ministry of National Defense to discuss measures to advance industrial sustainability and performance amid all-time high arms exports in 2022.   The Minister gave an opening message and led discussions on the 3rd civil-military technology cooperation project masterplan and other issues.   The meeting was attended by National Defense Minist date2023-02-15

Korea and GCC hold 7th round of FTA negotiations

The Ministry of Trade, Industry and Energy (MOTIE) is heading the Korean delegation for the seventh round of the Korea-GCC (Gulf Cooperation Council) Free Trade Agreement (FTA) official negotiations held through February 14-16 in Riyadh, Saudi Arabia. Led by chief negotiator Kwon Hye-jin of MOTIE, the Korean delegation consists of approximately 30 representatives of relevant ministries, including the Ministry of Economy and Finance (MOEF), Ministry of Oceans and Fisheries (MOF) and the Ministry date2023-02-15

Korea's ICT trade records surplus of $0.9 billion in January

The Ministry of Trade, Industry and Energy announced on February 14 that Korea's exports and imports of information and communications technology (ICT) goods in January recorded USD 13.1 billion (down 33.2 percent year-on-year) and $12.2 billion (down 1.1 percent), respectively, and the trade balance stood at a surplus of $0.9 billion. The decline in exports is attributable to the global economic downturn and continued slump across the semiconductor industry. By item, shipments of major export date2023-02-14

MOTIE holds 1st Trade Industry Forum to discuss major tasks for exports growth

Trade, Industry and Energy Minister Lee Chang-yang presided the first Trade Industry Forum for 2023 on January 13 at the Korea International Trade Association (KITA) in Seoul together with KITA Chairman Koo Ja-yeol to forecast this year’s economic and trade environment and discuss the 10 key tasks for reaching positive growth in exports and investment in 2023. Government officials, relevant institutions' personnel and academia experts attended the forum. Minister Lee assessed that “ date2023-02-14

MOTIE holds 1st Trade Industry Forum

Trade, Industry and Energy Minister Lee Chang-yang presided the 1st Trade Industry Forum on February 13 held at Korea International Trade Association (KITA) in Seoul together with KITA Chairman Koo Ja-yeol to share forecasts on this year’s global economy and trade environment and to discuss major tasks for achieving positive exports growth in 2023.   Minister Lee gave an opening message and led discussions on Korea’s 10 major trade tasks and global economic prospects for 2023. date2023-02-13

Korea participates in U.S. HFCS & cohosts hydrogen roundtable

The Ministry of Trade, Industry and Energy (MOTIE) participated in the Hydrogen & Fuel Cell Seminar (HFCS) in California on February 7-9 and held a public-private joint roadshow for entering the American hydrogen market.   With an exclusive pavilion for promotion, presentation session and the Korea-U.S. hydrogen roundtable cohosted by MOTIE and H2KOREA with the U.S. Department of Commerce, U.S. Department of Energy and other relevant associations, Korea’s first participation in date2023-02-10

Korea participates in U.S. HFCS & cohosts hydrogen roundtable

The Ministry of Trade, Industry and Energy (MOTIE) participated in the Hydrogen & Fuel Cell Seminar (HFCS) in California on February 7-9 and held a public-private joint roadshow for entering the U.S. hydrogen market. Organized by the U.S.’ Fuel Cell and Hydrogen Energy Association (FCHEA), HFCS is North America’s largest hydrogen event with over 40 years of history, offering a business exchange venue of opportunities for at least 70 companies and institutions to come together to date2023-02-10

2nd Vice Minister presides Nuclear Power Plant Ecosystem Conference

Trade, Industry and Energy 2nd Vice Minister Park Il-jun presided the Nuclear Power Plant Ecosystem Conference on February 8 at the Gyeongnam Technopark to share 2023 policy directions for recruitment, financing and R&D plans with companies as part of restoring the nuclear power plant industry ecosystem.   The Vice Minister gathered industry opinions and gave an opening message in the attendance of approximately 20 persons, including Government officials, local government bodies and t date2023-02-09