Ministry of Trade, Industry and Energy

Trade Minister attends Trade, Investment & Industry Ministerial G20 Meeting

Trade Minister Ahn Duk-geun attended the Trade, Investment and Industry Ministerial G20 Meeting held in Bali, Indonesia on September 21-23 to discuss supply chain reinforcement, digital trade, WTO reform and green investment. Bilateral talks with the U.S., Indonesia, India and several other G20 member states were also held on the sidelines. For each agenda, Minister Ahn relayed South Korea’s contributory efforts, policy directions under the new regime, and future joint measures to pu date2022-09-23

Minister holds talks in Washington over IRA and CHIPS Act

Trade, Industry and Energy Minister Lee Chang-yang visited Washington D.C. on September 21 to meet with U.S. Secretary of Commerce Gina Raimondo and U.S. Representatives Kathy Castor and Barry Moore to raise concerns over IRA and CHIPS Act, and also exchanged views on ROK-U.S. supply chain cooperation. date2022-09-22

Korea-EU talks on energy cooperation and IRA joint measures

Deputy Trade Minister Jeong Dae-jin met with European Parliament Vice-President Othmar Karas and Industry, Research and Energy Committee Chair Cristian Busoi on September 21 at the Lotte Hotel Seoul to discuss Korea’s new energy and industrial policies under the new regime, as well as technology and energy R&D cooperation, supply chain and joint measures against the recently signed U.S. Inflation Reduction Act (IRA). date2022-09-22

2nd Vice Minister attends 29th Korea Gas Safety Awards

Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the 29th Korea Gas Safety Awards ceremony to award government commendations to persons that contributed to the advancement of Korea’s gas and hydrogen industry.   In the ceremony, Vice Minister Park gave a congratulatory message, and awarded 38 orders of merit and medals of honor to commend those that contributed to developing the hydrogen mobility industry, such as producing Korea’s first hydrogen fuel cell con date2022-09-21

Trade Minister holds multiple talks with U.S. officials over IRA issue

Trade Minister Ahn Duk-geun visited the U.S. and held talks with various members of Congress on the Inflation Reduction Act (IRA)’s discriminatory measures against Korean electric vehicles (EVs), relaying Korea’s stance and possible solutions.   Minister Ahn met with a number of U.S. officials, including Senator Debbie Stabenow, U.S. Trade Representative Katherine Tai and Senator Todd Young, and emphasized the importance of ROK-U.S. cooperation and raised serious concerns over date2022-09-21

Trade Minister attends IPEF Ministers' Meeting

Trade Minister Ahn Duk-geun attended the Indo-Pacific Economic Framework (IPEF) Ministerial Meeting held on September 8 in Los Angeles to discuss the four pillars of IPEF, namely trade, supply chain, clean economy and fair economy with the attending 13 other countries, including the U.S., Japan and Australia. date2022-09-21

Minister attends International Forum on Resilient and Stable Industrial Supply Chains

Trade, Industry and Energy Minister Lee Chang-yang attended the International Forum on Resilient and Stable Industrial Supply Chains held in China by videoconferencing on September 19 and gave a congratulatory message for its opening ceremony.   The forum was first proposed by China during the G20 meetings in October 2021, and hosted by the Ministry of Industry and Information Technology (MIIT) on September 18-19, with the participation of international organizations and various countries date2022-09-20

Trade Minister attends ASEAN meetings in Cambodia

Trade Minister Ahn Duk-geun attended the ASEAN Ministers’ Meetings held through September 16-18 in Siem Reap, Cambodia to discuss ROK-ASEAN FTA enhancement, industrial technology, digital, climate change response and RCEP utilization.   During the 19th ROK-ASEAN Economy Ministers’ Meeting (September 16), South Korea and ASEAN agreed to deepen trade and investments and engage in joint R&D for expansion of sensitive items’ free trade and scope of cooperation in respons date2022-09-20

7th round of ROK-Ecuador SECA negotiations

The Ministry of Trade, Industry and Energy (MOTIE) announced on September 20 that the seventh round of negotiations for ROK-Ecuador SECA (Strategic Economic Cooperation Agreement) will be held through September 20-October 5 via videoconferencing. The bilateral SECA negotiations were restarted in Seoul after a six-year hiatus, and the talks saw substantial progress in narrowing the opinion gap despite a rather long break. The seventh round of negotiations will be held entirely via videoconferen date2022-09-20

Minister attends International Forum on Resilient and Stable Industrial Supply Chains

Trade, Industry and Energy Minister Lee Chang-yang attended the International Forum on Resilient and Stable Industrial Supply Chains held in China by videoconferencing on September 19 and gave a congratulatory message for its opening ceremony. The forum was first proposed by China during the G20 meetings in October 2021, and hosted by the Ministry of Industry and Information Technology (MIIT) on September 18-19, with the participation of international organizations and various countries’ date2022-09-20