Ministry of Trade, Industry and Energy

Trade Minister to attend ASEAN meetings in Cambodia

Trade Minister Ahn Duk-geun will be attending the 19th ASEAN Economy Ministers’ Meeting, the 25th ASEAN+3 Meeting, the 10th East Asia Summit (EAS) Ministers’ Meeting and the Regional Comprehensive Economic Partnership (RCEP) Ministers’ Meeting through September 16-18 held in Siem Reap, Cambodia. Key objectives of these meetings are to bolster economic cooperation with ASEAN partners in the Indo-Pacific region, expand trade and investments opportunities in the East Asian region date2022-09-15

Minister presides 40th Industrial Technology Protection Committee Meeting

Trade, Industry and Energy Minister Lee Chang-yang presided the 40th Industrial Technology Protection Committee Meeting on September 14 at the Korea Chamber of Commerce and Industry (KCCI) in Seoul to discuss automobile exports permit approval and other agenda items.   The meeting was attended by government officials and approximately 30 relevant persons, including Seoul National University Professor Lee Hyuk-jae and SL Bigen CEO Ahn Mi-chung.   date2022-09-14

MOTIE holds Busan-Ulsan-Gyeongnam Investment Help Desk Conference

Trade, Industry and Energy 1st Vice Minister Jang Young-jin presided the Busan-Ulsan-Gyeongnam Investment Help Desk Conference on September 14 at the Ulsan Exhibition and Convention Center (UECO) to discuss companies’ challenges in local investment and countermeasures.    He gave an opening message, stating that “the Ministry is currently pushing a swift and bold innovation program for deregulation,” adding that allowing private sectors the freedom and creativity th date2022-09-14

2nd Vice Minister visits Incheon LNG Terminal

Trade, Industry and Energy 2nd Vice Minister Park Il-jun visited on September 8 the Korea Gas Corporation (KOGAS)’s Incheon LNG Terminal, which is the world’s largest LNG terminal and supplies 35% of domestic LNG, for a company briefing and facilities inspection.    The 2nd Vice Minister received a briefing on the company’s operation status from KOGAS executive Seong Young-gyu and gave an opening message, urging for “thorough monitoring in view of prolonged Ru date2022-09-13

IPEF ministerial statement outlines four pillars for economic cooperation

The Ministry of Industry, Trade and Energy (MOTIE) announced on September 10 that the Indo-Pacific Economic Framework for Prosperity (IPEF) Ministerial Meeting held on September 8-10 in Los Angeles saw the fruition of a joint ministerial statement containing the text and statements focused on the following four pillars: trade, supply chains, clean economy and fair economy. The statement is the outcome of intensive negotiations that have taken place since the first launching of the Framework in date2022-09-13

Trade Minister attends IPEF Ministerial Meeting

Trade Minister Ahn Duk-geun will be attending the Indo-Pacific Economic Framework (IPEF) Ministerial Meeting held in Los Angeles, U.S. on September 8-9, which is the first in-person IPEF ministerial meeting to be co-hosted by U.S. Trade Representative Katherine Tai and Secretary of Commerce Gina Raimondo. The fourteen IPEF member countries’ ministers will discuss four major issues and relevant agendas, namely trade, supply chain, clean economy and fair economy. The Ministry of Trade, Ind date2022-09-08

Minister Lee visits traditional market on occasion of Chuseok holidays

Trade, Industry and Energy Minister Lee Chang-yang visited the Yeong-cheon Traditional Market on September 7 to promote COVID-19 self-quarantine measures and inspect the holiday prices and energy safety conditions prior to the Chuseok holidays.   The Minister received a market management briefing from the merchants’ association chairman Park Jong-bok, and used an Onnuri certificate to purchase items, which were then donated to Raphael Kids’ Home, a nonprofit organization for p date2022-09-08

1st Vice Minister visits BIE for talks on World EXPO 2030 Busan

Trade, Industry and Energy 1st Vice Minister Jang Young-jin visited the Bureau International des Expositions (hereinafter “BIE”) in Paris on September 7 as head of the Government delegation team to submit the candidature dossier for World EXPO 2030 Busan and met with BIE Secretary General Dimitri S. Kerkentzes.   The Vice Minister illustrated Korea’s plans for Busan hosting the World EXPO based on differentiated strategies and hosting capacities unique to Korea, and rela date2022-09-08

Minister Lee attends SMEs Business Leaders Conference

Trade, Industry and Energy Minister Lee Chang-yang attended the SMEs Business Leaders Conference on September 7 at the Korea Federation of SMEs (KBIZ) in Seoul to gather industry opinions and discuss support measures for SMEs per key sector.    Minister Lee stated that the Ministry will strive to help SMEs grow into global companies by providing support for technological innovation, deregulating, and value enhancement. In particular, he promised to prepare the 3rd Ppuri (Root) I date2022-09-08

1st Vice Minister visits BIE for talks on World Expo 2030 Busan

The Ministry of Trade, Industry and Energy (MOTIE) announced on September 7 that 1st Vice Minister Jang Young-jin will be visiting Paris through September 6-8 in order to submit the candidature dossier for World Expo 2030 Busan to the Bureau International des Expositions (hereinafter “BIE”). The 1st Vice Minister is heading the Government delegation team, which also consists of Kim Yoon-il, President's Future Strategy Secretary, as well as Shin Chae-hyun, Ambassador for Intern date2022-09-08