Ministry of Trade, Industry and Energy

Trade Minister attends 33rd Trade Agreement TF Meeting

Minister for Trade Dukgeun Ahn attended the 33rd Trade Agreement Task Force (TF) Meeting on December 23 at the President Hotel Seoul to seek measures to support companies amid the rapidly changing trade environment and newly emerging trade rules regarding digital transition, climate change and rising protectionism and to support domestic industries with respect to FTAs currently in force. He added that “the recent first round of official negotiations for the Indo-Pacific Economic Framewor date2022-12-27

Trade Minister holds Industrial and Energy ODA Networking Day 2022

Minister for Trade Dukgeun Ahn held the Industrial and Energy ODA (Official Development Assistance) Networking Day 2022 on December 22 at the Grand Hyatt Seoul to share industrial and energy ODA policy directions. This meeting was attended by ambassadors to the Republic of Korea from 28 countries, and is the second time an ambassador conference of this size was held this year. Trade Minister Ahn proposed the following three major plans as the Ministry of Trade, Industry and Energy (MOTIE)&rsqu date2022-12-27

Trade Minister attends 33rd Trade Agreement Task Force Meeting

Minister for Trade Dukgeun Ahn attended the 33rd Trade Agreement Task Force Meeting on December 23 at the President Hotel Seoul to discuss policy measures for supporting domestic industries and companies concerning enforced FTAs.   In his opening message, Trade Minister Ahn stated that “recent global supply chain crisis and climate change issues served as the momentum in ushering in a new international trade order, for which various corporate support measures and agendas will be dev date2022-12-27

Trade Minister attends Industrial Technology & Energy Development Cooperation Networking Day

Minister for Trade Dukgeun Ahn attended the Industrial Technology and Energy Development Cooperation Networking Day on December 22 with 28 Official Development Assistance (ODA) member states’ Ambassadors to Korea in Seoul to discuss measures for stronger industrial and energy networking, and requested support for World Expo 2030 Busan.   The event was attended by the 28 Ambassadors to Korea among the total 46 ODA member states.   date2022-12-23

2nd Vice Minister attends Public Energy Companies’ Technology Innovation Committee meeting

Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the 1st Public Energy Companies’ Technology Innovation Committee meeting on December 22 in Seoul to discuss measures for strengthening public-private energy R&D collaboration.   Vice Minister Park gave a congratulatory message, stating that “the Government and public energy companies must cooperate closely for R&D investment and good performance,” adding that public energy companies are important f date2022-12-23

Korea and Vietnam sign 3 MOUs for energy cooperation

Trade, Industry and Energy Minister Lee Chang-yang visited Hanoi, Vietnam on December 22 on the occasion of the 30th anniversary of the establishment of diplomatic relations between Korea and Vietnam, and met with Vietnam’s Industry and Trade Minister Nguyễn Hồng Diên to hold the 12th Korea-Vietnam Industrial Joint Committee and 6th Korea-Vietnam FTA Joint Committee meetings. The two countries’ delegations, led respectively by the two trade chiefs, discussed measures for s date2022-12-23

Korea and Vietnam hold Industrial & FTA Joint Committee meetings

Trade, Industry and Energy Minister Lee Chang-yang attended the 12th Korea-Vietnam Industrial Joint Committee and 6th Korea-Vietnam FTA Joint Committee meetings with Vietnam’s Industry & Trade Minister Nguyễn Hồng Diên on December 22 at the Lotte Hotel Hanoi and discussed FTA implementation agendas concerning trade, energy resources and industrial technology. date2022-12-23

1st Vice Minister attends exporter SMEs conference

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the conference with small and medium-sized exporters on December 22 in Seoul to discuss measures to boost SMEs’ exports vitality.   Vice Minister Jang stated that “exports conditions are not favorable, what with major countries’ interest hikes and contracted demand,” and stressed that “SMEs are hit harder by external uncertainties compared to large or middle-market companies and therefore po date2022-12-23

MOTIE announces results of Middle-Market Companies Basic Survey 2021

The Ministry of Trade, Industry and Energy (MOTIE) announced on December 22 the basic survey results of middle-market companies in 2021. The survey shows that there is a steady trend of small-to-medium enterprises (SMEs) growing into middle-market companies, and middle-market companies growing into large companies. The number of middle-market companies was 5,480 at the end of 2021, slightly lower than the 5,526 of 2020. Sales and operating profit, on the other hand, grew 82.7 percent and 16.1 date2022-12-23

Trade Minister attends launching ceremony of digital trade platform

Minister for Trade Dukgeun Ahn, on December 21, attended the launching ceremony of “uTradeHub 2.0', a next-generation digital trade and logistics platform capable of assisting the entire cycle of loading, shipping, tracking and e-commerce of cargo.   In his opening remarks, the Trade Minister assessed that “the launching of uTradeHub 2.0 services indicates that Korea’s digital trade platform has upgraded another level,” and added that he looks forward to date2022-12-22