Ministry of Trade, Industry and Energy

Korea and Malaysia discuss trade and economic cooperation

Minister for Trade Dukgeun Ahn met with Malaysia’s International Trade & Industry Minister Zafurul Aziz on March 14 at the Lotte Hotel Seoul on the occasion of the 40th anniversary of the implementation of Malaysia's Look East Policy (LEP) and discussed measures to strengthen bilateral trade and economic cooperation. date2023-03-15

Korean delegation attends 2nd round of IPEF negotiations

Trade, Industry and Energy Ministry’s Deputy Minister for FTA Negotiations Roh Keon-ki headed the Korean delegation at the second official round of negotiations for the Indo-Pacific Economic Framework for Prosperity (IPEF) in Indonesia on March 13-19. The Korean delegation is composed of representatives of relevant ministries and Government agencies, including the Ministry of Economy and Finance (MOEF), Ministry of Foreign Affairs (MOFA), Ministry of Agriculture, Food and Rural Affairs (M date2023-03-15

Korea's ICT exports reach $12.8 billion in February

The Ministry of Trade, Industry and Energy announced on March 14 that Korea's exports and imports of information and communications technology (ICT) goods in February recorded USD 12.8 billion (down 32.0 percent year-on-year) and $11.0 billion (down 3.6 percent), respectively, and the trade balance stood at a surplus of $1.8 billion. The exports decline is seen to be caused by slowdowns in the global economy and semiconductor industry. Semiconductors (down 41.5 percent to $6.1 billion) continu date2023-03-14

Korea and China’s Shandong discuss economic cooperation

Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin met with China’s Shandong Province Secretary General Song Junji on March 10 at the InterContinental Seoul COEX to discuss Korea-Shandong supply chain and logistics cooperation and future economic cooperation measures, as well as the 7th Korea-Shandong Economic and Commercial Cooperation Exchange slated for this year. date2023-03-14

MOTIE attends 3rd World Expo 2030 Busan Bid Committee meeting

The Ministry of Trade, Industry and Energy (MOTIE) announced on March 10 that Prime Minister Han Duck-soo and Korea Chamber of Commerce and Industry (KCCI) Chairman Chey Tae-won co-presided the third World Expo 2030 Busan Bid Committee (hereinafter “Committee”) meeting at the Four Seasons Hotel Seoul. This meeting was held to gather public-private efforts for bid winning and to discuss upcoming promotion measures in detail, as the final bid winner election is coming up in November t date2023-03-14

MOTIE discusses deconcentration measures for datacenters

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the 18th National Policy Agenda Ministerial Meeting presided by Prime Minister Han Duck-soo on March 9 at the Government Complex Seoul, where he led discussions on measures for mitigating the concentration of datacenters in the Seoul metropolitan area. Discussions focused on datacenter dispersion measures that relevant ministries can collaborate on more closely, building around measures announced by MOTIE this January. The da date2023-03-10

2nd Vice Minister presides conference on nurturing liquid hydrogen ecosystem

Trade, Industry and Energy 2nd Vice Minister Park Il-jun presided a conference on March 9 with Korea’s liquid hydrogen companies at Doosan Enerbility to examine the project progress for fostering a liquid hydrogen ecosystem in Korea.   Vice Minister Park gave an opening message and led discussions on measures to create a liquid hydrogen ecosystem following the announcement of clean hydrogen ecosystem measures during the 5th Hydrogen Economy Commission meeting, and gathered companies date2023-03-10

World Expo 2030 Busan Bid Committee signs MOU with Busan City and Lotte for joint promotion

The Ministry of Trade, Industry and Energy (MOTIE) announced on March 8 that the Bid Committee for World Expo 2030 Busan signed a cooperation memorandum of understanding (MOU) with Busan Metropolitan City and Lotte Holdings for promotion of Korea’s bid to host World Expo 2030 in Busan to prepare for local due diligence by the Bureau International des Expositions (BIE) on April 3-7 and to draw nationwide interest and support for World Expo 2030 Busan.   The MOU signing ceremony was a date2023-03-10

1st Vice Minister attends MOU ceremony launching Korea’s innovation fund for middle-market companies

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the first MOU signing ceremony launching Korea’s innovation fund for middle-market companies on March 9 at the Plaza Hotel Seoul to support middle-market companies’ entrance into new businesses.   The Vice Minister gave an opening message and attended the MOU signing ceremony for supporting middle market companies’ development and securing new growth engines.   The ceremony was attended by repres date2023-03-10

World Expo 2030 Busan Bid Committee signs MOU with Busan City and Lotte for joint promotion

The Ministry of Trade, Industry and Energy (MOTIE) announced on March 8 that the Bid Committee for World Expo 2030 Busan (hereinafter “Committee”) signed a cooperation memorandum of understanding (MOU) with Busan Metropolitan City and Lotte Holdings for promotion of Korea’s bid to host World Expo 2030 in Busan. The main purpose of the cooperation MOU is to prepare for enquiry mission by the Bureau International des Expositions (BIE), which will take place April 3-7, and to dra date2023-03-10