Ministry of Trade, Industry and Energy

9th International Conference held in Busan

The Ministry of Trade, Industry and Energy (MOTIE) announced that the World EXPO 2030 Busan Advisory Committee (hereinafter “Committee”), the city of Busan and the Korea Chamber of Commerce and Industry (KCCI) will host the 9th International Conference (hereinafter “Conference”) on October 27 at KCCI under the theme of “Transforming our world, navigating toward a better future.” Approximately 100 persons will attend the Conference, including key figures regar date2022-10-27

MOTIE holds Carbon Korea 2022

The Ministry of Trade, Industry and Energy's Materials Convergence Industries Director-General Lee Yong-pil attended on October 26 the opening ceremony of Carbon Korea 2022 at COEX in Seoul, which was held for the sharing of present and future of carbon products for carbon industry advancement.   At the ceremony, Director-General Lee toured the exhibition booths and awarded the Presidential, Prime Minister's and Government commendations to seven persons who contributed to carbon industry date2022-10-27

Trade Minister visits EU to discuss trade and economic cooperation

Trade Minister Ahn Duk-geun visited Hungary, Lithuania and the Czech Republic through October 24-28 as presidential envoy to discuss trade and economic cooperation, and requested support for World EXPO 2030 Busan.   Minister Ahn met with Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó on October 24 and expressed gratitude for Hungary being the first European country to officially announce its support for Korea hosting World EXPO 2030. He also rel date2022-10-27

MOTIE attends Robot World 2022

The Ministry of Trade, Industry and Energy's Deputy Minister for the Office of Industrial Policy Joo Young-joon attended the Robot World 2022 opening ceremony on October 26 held at KINTEX in Ilsan.   The Deputy Minister gave an opening message, stating that “robot technology is the foundation of the fourth industrial revolution and the future high-tech industry that creates new forms of added value.” He emphasized that “the Ministry will support domestic robot industries date2022-10-26

Trade Minister visits EU to discuss trade and economic cooperation

Trade Minister Ahn Duk-geun visited Hungary, Lithuania and the Czech Republic through October 24-28 as presidential envoy to discuss trade and economic cooperation, and requested support for World EXPO 2030 Busan. Minister Ahn met with Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó on October 24 and expressed gratitude for Hungary being the first European country to officially announce its support for Korea hosting World EXPO 2030. He relayed the dif date2022-10-26

MOTIE holds conference for energy sector to discuss IRA

The Ministry of Trade, Industry and Energy (MOTIE) held a conference on October 25 at the Korea Chamber of Commerce and Industry (KCCI) for energy sectors with regard to the U.S.' Inflation Reduction Act (IRA), to discuss its impact and the countermeasures to be considered for companies in nuclear power, renewable energy, hydrogen and clean energy industries. Having entered into force on August 16, the IRA is a law for solar power, wind power, hydrogen, nuclear energy, EVs, batteries and such c date2022-10-25

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.   The sixth round will touch on 1) opening of products and services market 2) trade environment improvement 3) digital transition, healthcare & infrastructure, and the incorporation of these items into the agreement.   Led by MOTIE’s chief negotiator Kwon Hye-jin, Korea’s delegation is composed of date2022-10-24

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