Ministry of Trade, Industry and Energy

Korea and GCC hold 6th round of talks for FTA

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 21 that the 6th round of Korea-GCC FTA negotiations will take place through October 24-28 in Seoul. Led by MOTIE’s chief negotiator Kwon Hye-jin, Korea’s delegation is composed of officials from the Ministry of Economy and Finance (MOEF), the Ministry of Agriculture, Food and Rural Affairs (MAFRA), the Financial Services Commission (FSC) among other relevant government bodies. The GCC (Gulf Cooperation Council) date2022-10-24

Korea and the Netherlands discuss energy and economic cooperation

Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin met with the Netherlands Vice Minister for Foreign Economic Relations Hanneke Schuiling on October 18 at the Lotte Hotel Seoul to discuss semiconductors, nuclear energy, hydrogen and advancement of bilateral economic ties. date2022-10-24

Trade Minister holds talks with top EU officials on IRA

Trade Minister Ahn Duk-geun met with British Ambassador to the Republic of Korea Colin Crooks, Swedish Ambassador to the Republic of Korea Daniel Wolven, Ambassador of the Federal Republic of Germany to the Republic of Korea Michael Reiffenstuel, and Christophe Bess, Charge' d'affaires of the European Union on October 19 in Seoul to discuss response measures to the U.S.’ Inflation Reduction Act (IRA). date2022-10-21

Korea and Oman discuss trade and energy infrastructure cooperation

Trade Minister Ahn Duk-geun met with Khalifa bin ali Al Harthy, Undersecretary for Diplomatic Affairs at Oman's Ministry of Foreign Affairs, on October 20 at the Lotte Hotel Seoul and discussed investment, energy infrastructure, renewable energy, green hydrogen cooperation and requested Oman’s support for World EXPO Busan 2030. date2022-10-21

Korea and Oman discuss trade and energy infrastructure cooperation

Trade Minister Ahn Duk-geun met with Khalifa bin ali Al Harthy, Undersecretary for Diplomatic Affairs at Oman's Ministry of Foreign Affairs, on October 20 and discussed investment, energy infrastructure, renewable energy, green hydrogen cooperation and requested Oman’s support for World Expo Busan 2030. Despite the pandemic impact, Korea-Oman trade is recently growing, recording USD 4.5 billion this year as of September, a historic high in five years. With respect to LNG, Oman is Ko date2022-10-21

MOTIE signs "KEEP 30" MOU for energy efficiency partnership

Trade, Industry and Energy Minister Lee Chang-yang signed the “Korea Energy Efficiency Partnership (KEEP) 30” MOU on October 19, a new project by which 30 largest energy consuming companies will make efforts to attain energy efficiency goals for over the next five years, while the Korean government supports them with an incentive package.   Minister Lee attended the MOU signing ceremony and gave an opening message. Participating companies expressed commitment to the five-year date2022-10-21

MOTIE signs "KEEP 30" MOU for energy efficiency partnership

Trade, Industry and Energy Minister Lee Chang-yang signed the “Korea Energy Efficiency Partnership (KEEP) 30” MOU on October 19 with 30 largest energy consuming companies’ representatives, including Samsung Electronics CEO Rhee In-yong and Hyundai Steel CEO Ahn Dong-il. The KEEP MOU signing is another commitment in a series of energy saving, following the “10 resolutions for the public sector energy diet” announced on October 6. Industrial energy consumption takes date2022-10-21

Korea and Philippines to bolster supply chain and energy cooperation

Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin met with Ceferino S. Rodolfo, Philippines’ Undersecretary for the Industry Development Group (IDG) of the Department of Trade and Industry on October 18 on the occasion of his visit to Korea and discussed raw materials supply chain and nuclear energy cooperation, and held the second meeting of Korea-Philippines Joint Commission for Trade and Economic Cooperation. date2022-10-20

Korea and Philippines to bolster supply chain and nuclear energy cooperation

Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin met with Ceferino S. Rodolfo, Philippines’ Undersecretary for the Industry Development Group (IDG) of the Department of Trade and Industry on October 18 on the occasion of his visit to Korea and discussed raw materials supply chain and nuclear energy cooperation, and held the second meeting of Korea-Philippines Joint Commission for Trade and Economic Cooperation (hereinafter “Commission”). Both sid date2022-10-20

1st Vice Minister attends Digital Transformation Fair 2022

Industry, Trade and Energy 1st Vice Minister Jang Young-jin attended the opening ceremony of Digital Transformation Fair 2022 (D.Ton) on October 18 at KINTEX, Ilsan, where he awarded orders and medals of merit to those who contributed to Korea’s machinery industry.    Vice Minister Jang stated in his congratulatory message that “Korea’s machinery industry needs to see intellectualization and value enhancement to bring about the advancement of the manufacturing indus date2022-10-20