Ministry of Trade, Industry and Energy

Korea and Canada sign Critical Minerals Supply Chain Cooperation MOUs

Trade, Industry and Energy Minister Lee Chang-yang attended the business MOU signing ceremony for ROK-Canada Critical Minerals Supply Chain Cooperation held on September 22 in Toronto to discuss the importance of expanding the scope of bilateral critical minerals cooperation and joint response against global supply chain crises. A total of four MOUs were signed, including three MOUs between Korea’s LG Energy Solution and three Canadian companies (Avalon, Electra, Snow Lake) on cooperation date2022-09-26

Korea and Canada renew Industrial Technology & Innovation Partnership MOU

Trade, Industry and Energy Minister Lee Chang-yang, on the occasion of President Yoon Suk-yeol’s state visit, held a luncheon meeting with Canada's Innovation, Science and Industry Minister Francois-Philippe Champagne on September 23 at the Sheraton Ottawa Hotel in Canada to discuss bilateral cooperation in supply chain and industrial collaboration. The two Ministers concurred that ROK-Canada’s technology and investment cooperation is continuously deepening amid global supply chain date2022-09-26

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 date2022-09-23

MOTIE holds North American Investment Notification Ceremony and Investors Roundtable

The Ministry of Trade, Industry and Energy (MOTIE) held the North American Investment Notification Ceremony and Investors Roundtable on September 22 (local time) at the JW Marriott Essex House in New York on the occasion of South Korea’s President Yoon Suk-yeol’s first visit to the U.S. The Ministry announced that the event had drawn a total of USD 1.15 billion in investment from seven companies for the development of Korea’s strategic technology supply chain items like date2022-09-23

Vice Minister visits Taebaek Gadeoksan onshore wind farm

Trade, Industry and Energy 2nd Vice Minister Park Il-jun visited the Taebaek Gadeoksan onshore wind farm in Gangwon Province on September 22 to inspect the local residents’ wind power project participation progress.   The Vice Minister toured the wind power farm and stated in his opening remarks that, “because local farmers and fishermen are inevitably affected by the construction and operation of these renewable energy plants, it is imperative that project developers communic date2022-09-23

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