Ministry of Trade, Industry and Energy

Minister attends 3rd Nuclear Energy Exports Strategy Committee meeting

Trade, Industry and Energy Minister Lee Chang-yang attended the 3rd Nuclear Energy Exports Strategy Committee on November 23, held to seek expansion of Korea’s nuclear power plant and related industries’ market presence abroad and boost competitiveness.   Minister Lee gave opening remarks and facilitated discussions on follow-up measures to the nuclear reactor MOU signed with Poland, equipment and materials exports project, and integrating support for nuclear energy exports to date2022-11-25

Korea and Iceland discuss trade and economic cooperation

Minister for Trade Dukgeun Ahn met with Iceland’s Minister of Tourism, Trade and Culture Lilja Dögg Alfreðsdóttir on November 21 at the Lotte Hotel Seoul to discuss measures for trade and economic cooperation, and requested support for World EXPO 2030 Busan. date2022-11-25

Minister Lee and Denmark's Vestas CEO discuss investment

Trade, Industry and Energy Minister Lee Chang-yang met with Henrik Andersen, CEO of Vestas, the world-leading Danish manufacturer, seller, installer, and servicer of wind turbines, on November 22 at the Government Complex Seoul to discuss investment and turbine plant establishment in Korea. date2022-11-24

Minister attends Yongin Semiconductor Cluster cooperation MOU signing ceremony

Trade, Industry and Energy Minister Lee Chang-yang attended the memorandum of understanding (MOU) signing ceremony for the “win-win cooperation” for the successful progress of Yongin Semiconductor Cluster on November 21 at the National Assembly main hall in Seoul.   In his congratulatory message, Minister Lee thanked institutions for their cooperation in resolving the construction permit delay issue and assured that joint efforts will be made in tandem with the National Assemb date2022-11-24

Korea and Ecuador hold 8th round of SECA negotiations

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 22 that the eighth round of official negotiations for Korea-Ecuador Strategic Economic Cooperation Agreement (SECA) will be held through November 21-25 in Quito, Ecuador. SECA is identical in content with FTA, but places emphasis on comprehensive economic cooperation. The Korean delegation is headed by FTA Policy Director-General Yang Gi-uk, while Ecuador’s is led by Edwin Vasquez, Under-Secretary of Trade Negotiati date2022-11-23

Korea and Singapore sign Digital Partnership Agreement

Minister for Trade Dukgeun Ahn met with Singapore’s Second Minister for Trade and Industry Tan See Leng in Singapore on November 21 and signed the Korea-Singapore Digital Partnership Agreement (KSDPA), concluding the negotiation procedures for the KSDPA, which was first settled in December 2021, and was followed by a legal examination and deliberation process.  date2022-11-23

Korea and Singapore sign Digital Partnership Agreement

Minister for Trade Dukgeun Ahn met with Singapore’s Second Minister for Trade and Industry Tan See Leng in Singapore on November 21 and signed the Korea-Singapore Digital Partnership Agreement (hereinafter “KSDPA”). The KSDPA was settled in December 2021, followed by a legal examination and deliberation process. Signing of the KSDPA concludes the two countries’ negotiation procedures. One of the key accomplishments of this year’s ASEAN summit meetings, the KSDPA i date2022-11-23

Trade Minister attends 33rd APEC Ministerial Meeting

Minister for Trade Dukgeun Ahn attended the 33rd APEC Ministerial Meeting in Thailand on November 17, held under the theme of “open and sustainable trade and investment,” and stated that the “Korean government is preparing an Indo-Pacific strategy for mutual prosperity of the Asia-Pacific region.”   The meeting was attended by trade ministers of 21 APEC member states, including Thailand (Chair), U.S., Japan, China, Canada and Russia.     date2022-11-22

Korea and Saudi Arabia hold Investment Forum

Trade, Industry and Energy Minister Lee Chang-yang attended the Korea-Saudi Investment Forum on November 17, hosted by the Ministry of Trade, Industry and Energy (MOTIE) and Saudi Arabia’s Ministry of Investment, and organized by the Korea Trade-Investment Promotion Agency (KOTRA), Korea Chamber of Commerce and Industry (KCCI) and the Federation of Saudi Chambers (FSC).   The two countries saw 26 new contracts and memorandums of understanding (MOUs) signed at the forum, including an date2022-11-22

Trade Minister holds bilateral talks on sidelines of 33rd APEC meetings

Minister for Trade Dukgeun Ahn attended the 33rd Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting (Nov. 16-17) and summit meetings (Nov. 18-19) in Thailand, where he also held bilateral talks on the sidelines with major trade partner countries’ counterparts to discuss trade issues and economic cooperation. In discussions with U.S. Trade Representative Katherine Tai, Minister Ahn remarked that the South Korean government and industries are seriously concerned about the Inflatio date2022-11-22