Ministry of Trade, Industry and Energy

Minister holds 2nd Energy Policy Advisory Committee Meeting

Trade, Industry and Energy Minister Lee Chang-yang presided the 2nd Energy Policy Advisory Committee Meeting on December 21 in Seoul and led discussions on SMEs and middle-market companies’ energy innovation measures and critical minerals strategy.   Minister Lee stated in his opening remarks that the Government has thus far shown good progress in energy supply management and received positive response from the public. As major countries are making various policy efforts to establis date2022-12-22

Korea and Hungary sign MOU on trade & investment cooperation

Minister for Trade Dukgeun Ahn met with Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó on December 20 at the Lotte Hotel Seoul to sign the MOU on cooperation in trade and investment promotion, and discussed trade, investment subsidies and the EU Critical Raw Materials Act. The above MOU is a follow-up measure for the Korea-Hungary Trade Ministerial talks held on October 24 in Budapest. The two trade chiefs agreed that the MOU should precede the Trade date2022-12-22

Korea and Ghana discuss industrial and economic cooperation

Trade, Industry and Energy Minister Lee Chang-yang met with Ghana’s Trade and Industry Minister Alan John Kwadwo Kyerematen on December 20 at K-SURE in Seoul to discuss economic cooperation, and requested support for World Expo 2030 Busan. Minister Lee explained the Korean government’s firm aspirations to host the World Expo in Busan and asked for Ghana’s support. Minister Kyerematen responded that Korea’s request will be considered positively. The bilateral talks were date2022-12-21

2nd Vice Minister holds industrial energy conservation conference

Trade, Industry and Energy 2nd Vice Minister Park Il-jun held the industrial energy conservation conference on December 20 at the Korea Chamber of Commerce and Industry (KCCI) to discuss various industries' energy saving progress and plans with public and private organizations.   In his opening remarks, Vice Minister Park stated that “committees and groups per each industry sector play an important role by connecting individual companies, which enables the nationwide energ date2022-12-21

Korea and Hungary sign MOU on trade & investment cooperation

Minister for Trade Dukgeun Ahn met with Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó on December 20 at the Lotte Hotel Seoul for the MOU signing ceremony on cooperation in trade and investment promotion, and discussed trade, investment subsidies and the EU Critical Raw Materials Act. date2022-12-21

Korea and Ghana discuss industrial and economic cooperation

Trade, Industry and Energy Minister Lee Chang-yang met with Ghana’s Trade and Industry Minister Alan John Kwadwo Kyerematen on December 20 at K-SURE in Seoul to discuss nuclear energy, manufacturing, industrial complexes and economic cooperation measures, and also requested support for World Expo 2030 Busan. date2022-12-21

Trade Minister attends IPEF ministerial meeting

Minister for Trade Dukgeun Ahn attended the Indo-Pacific Economic Framework for Prosperity (IPEF) ministerial online meeting on December 20 to discuss the benefits of IPEF participation. The meeting was presided by the U.S. Secretary of Commerce Gina Raimondo and attended by Ministers of the 14 member states. Minister Ahn stated that “considering the IPEF membership consisting of both advanced and developing nations, technological assistance and development is one area where IPEF partici date2022-12-21

Trade Minister attends IPEF ministerial meeting

Minister for Trade Dukgeun Ahn attended the Indo-Pacific Economic Framework for Prosperity (IPEF) ministerial online meeting on December 20 to discuss concrete ideas on benefits from IPEF participation.   Minister Ahn stated that “considering the IPEF membership composition consisting of both advanced and developing nations, technological assistance and development is an area where IPEF participation advantages are most effectively realized.” To achieve this, he emphasized tha date2022-12-20

Trade Minister attends WTO's Ottawa Group ministerial meeting

Minister for Trade Dukgeun Ahn attended the World Trade Organization’s Ottawa Group ministerial videoconference held on December 16 to seek joint measures for WTO reform as follow-up to the discussions held during the 12th ministerial meetings (MC12) in June. Trade Minister Ahn stated that the time leading up to the next WTO ministerial meeting is a critical hour that will determine either success or failure of WTO reform, and called for member states to participate in talks with a sense date2022-12-20

MOTIE holds Battery Alliance Industrial Competitiveness Breakout Session

The Ministry of Trade, Industry and Energy (MOTIE)'s Deputy Minister for the Office of Industrial Policy Joo Young-joon held the Battery Alliance Industrial Competitiveness Breakout Session on December 15 at the Korea Chamber of Commerce and Industry (KCCI) to facilitate public-private discussions on secondary battery industry issues and seek joint solutions. The session covered various topics including the U.S.’ Inflation Reduction Act (IRA), global supply chain, investment issues and th date2022-12-20