Ministry of Trade, Industry and Energy

Korea signs nuclear reactor MOU & LOI with Poland

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 31 that it signed an MOU with the Polish Ministry of State Assets, and a letter of intent (LOI) was also signed between Korea Hydro & Nuclear Power (KHNP) and Poland's ZE PAK (private energy company) and PGE (state-owned public power company).   MOTIE’s Minister Lee Chang-yang stated that “this project is an achievement enabled by the Yoon administration’s policies and strong push for nuclear rea date2022-11-04

Korea and Saudi Arabia hold talks on energy supply chain cooperation

Trade, Industry and Energy Minister Lee Chang-yang held a videoconference with Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman on November 2 at the latter’s request and discussed bilateral cooperation in energy sectors. The two countries shared the emphasis on the need to cooperate for oil market stabilization and clean energy collaboration.   date2022-11-04

Korea and Saudi Arabia hold talks on energy supply chain cooperation

Trade, Industry and Energy Minister Lee Chang-yang held a videoconference with Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman on November 2 at the latter’s request and discussed bilateral cooperation in energy sectors. The two countries shared the emphasis on the need for communication and cooperation between them, as crude oil supplier and consumer, to seek out oil market stabilization measures. Noting that Saudi Arabia is Korea’s major source of crude oil and the two date2022-11-04

Korea and India hold 9th round of CEPA upgrading negotiations

The Ministry of Trade, Industry and Energy (MOTIE) announced that the 9th round of Korea-India negotiations for an upgraded Comprehensive Economic Partnership Agreement (CEPA) are held on November 3-4 in Seoul.   The Korean delegation is headed by Director General for FTA Policy Yang Gi-uk, while India’s is headed by Joint Secretary at Department of Commerce Anant Swarup. Director General Yang remarked that “cooperation with India is all the more critical as the global economy date2022-11-04

Korea and India hold 9th round of CEPA upgrading negotiations

The Ministry of Trade, Industry and Energy (MOTIE) announced that the 9th round of Korea-India negotiations for an upgraded Comprehensive Economic Partnership Agreement (CEPA) are to be held on November 3-4 in Seoul. The Korean delegation is headed by Director General for FTA Policy Yang Gi-uk, while India’s is headed by Joint Secretary at Department of Commerce Anant Swarup. Relevant ministries including the Ministry of Economy and Finance (MOEF) and the Ministry of Agriculture, Food and date2022-11-03

2nd Vice Minister attends Korea Energy Show 2022

Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the Korea Energy Show 2022 on November 2 at KINTEX in Ilsan held under the theme of “Low Carbon, High-Efficiency C-Tech Innovation for a Sustainable Future.”   In his opening message, Vice Minister Park emphasized the importance of low carbon and high-efficiency c-tech innovation to effectively respond to energy security and climate change. He also toured the various exhibition booths, including the Renewable En date2022-11-03

1st Vice Minister attends Tech Inside Show 2022

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the Tech Inside Show 2022 on November 2 at KINTEX in Ilsan held to share technological breakthroughs and strategies in MPE (materials, parts, equipment) industries, where he awarded orders and medals of merit to 20 persons.   In his congratulatory message, Vice Minister Jang emphasized the “important role of MPE companies in overcoming global supply chain crises,” and awarded those who contributed to the deve date2022-11-03

MOTIE hosts Invest Korea Week 2022

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 2 that it was hosting Invest Korea Week (IKW) 2022 with co-organizers Korea Trade-Investment Promotion Agency (KOTRA) and Korea International Broadcasting Foundation (KIBF) at Grand InterContinental Seoul Parnas over a period of three days from November 2 to November 4. IKW aims to share Korea’s attractive investment environment and all-time high FDI achievements in 2022, which are all the more meaningful amid the cu date2022-11-03

MOTIE attends Foreign Company Day 2022

Minister for Trade Dukgeun Ahn attended the Foreign Company Day 2022 ceremony on November 1 at Intercontinental Hotel Seoul to award 44 companies’ representatives orders and merits of honor for their contribution to boosting FDI.   Minister Ahn gave a congratulatory message, stating that “foreign-invested companies have played the catalyst in advancing Korea’s industrial structure and recently are even stabilizing the supply chain by investing in MPE (materials, parts, date2022-11-02

MOTIE holds 30th Trade Promotion Committee

Dukgeun Ahn, Minister for Trade, presided the 30th Trade Promotion Committee on November 2 at the Korea Chamber of Commerce and Industry (KCCI) to discuss countermeasures to EU’s Carbon Border Adjustment Mechanism (CBAM) legislation and agendas on Korea-Philippines Digital Partnership Agreement (DPA).   The meeting was attended by officials of MOTIE and other ministries, including the Ministry of Economy and Finance, Ministry of Foreign Affairs and the Office for Government Policy date2022-11-02