Ministry of Trade, Industry and Energy

Korea and UAE to kick energy and tech cooperation into high gear

Trade, Industry and Energy Minister Lee Chang-yang met with Sultan Ahmed Al-Jaber, Minister of Industry and Advanced Technology of UAE and CEO of Abu Dhabi National Oil Company (ADNOC) at the Lotte Hotel Seoul on June 8 to discuss industrial technology and energy supply chain cooperation. The two industry chiefs agreed to expand economic cooperation onto new industries like digital transition, e-learning and bio based on the recent joint accomplishments, including the Barakah power plant, oilfi date2022-06-10

5th round of Korea-GCC FTA negotiations

The Ministry of Trade, Industry and Energy (MOTIE) chief FTA negotiator Lee Kyung-sik led the South Korean delegation in the 5th round of Korea-GCC FTA negotiations held through June 6-9 in Riyadh, Saudi Arabia. The 4th round of negotiations were held in March this year after a 13-year hiatus, where the two sides discussed their respective areas of interest. In the 5th round, talks cover products, services, investment, e-commerce, customs clearance, sanitary and phytosanitary measures (SPS), te date2022-06-09

The 5th round of Korea-GCC FTA negotiations

Trade, Industry and Energy Ministry’s chief FTA negotiator Lee Kyung-sik led the South Korean delegation in the 5th round of Korea-GCC FTA negotiations held in Riyadh, Saudi Arabia on June 6.   The senior FTA negotiator gave opening remarks and facilitated negotiations on relevant products and services, investment, e-commerce, customs clearance, sanitary and phytosanitary measures (SPS), technical barriers to trade (TBT) and SMEs collaboration.   The South Korean delegation w date2022-06-09

Minister Lee holds 1st Industrial Strategy Roundtable (Semiconductors)

Trade, Industry and Energy Minister Lee Chang-yang held the 1st Industrial Strategy Roundtable at SK Hynix headquarters in Gyeonggi-do on May 30 to discuss key issues, concerns, and the new regime’s semiconductor industry policy directions. On managing the roundtable, Minister Lee referred to the roundtable as a platform for realizing the Ministry’s innovative policy reforms. It will serve as a communication channel between the government and enterprises where industry issues can be date2022-06-08

Trade Minister meets U.S. Senator to discuss mutual investment

Trade Minister Ahn Duk-geun held talks with U.S. Senator Tammy Duckworth at the Grand Hyatt Seoul on June 3 regarding the recent Korea-U.S. summit outcomes and measures for mutual expansion of investments. date2022-06-08

1st Vice Minister attends Engineering Day 2022 Ceremony

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the Engineering Day 2022 ceremony held at the 63 Building in Yeouido, Seoul on June 3 and delivered a congratulatory message and awarded governmental commendations to contributors of engineering industry development.   The ceremony was held to credit those that have significantly contributed to the engineering industry, as well as to congratulate everyone for their hard work. Vice Minister Jang awarded the Gold Tower Ord date2022-06-08

2nd Vice Minister holds talks with UAE's ENEC CEO

Trade, Industry and Energy 2nd Vice Minister Park Il-jun held talks with UAE’s Emirates Nuclear Energy Corporation CEO Mohammed Al Hammadi on May 31 regarding the ongoing Barakah nuclear power plant construction and measures to step up the two countries’ energy cooperation. ENEC CEO was visiting Korea to extend congratulations on Korea’s new government taking office and also to discuss the Barakah project, of which ENEC is project owner. The two energy chiefs exchanged views o date2022-06-07

Trade Minister attends 54th South Korea-Japan Business Conference

Trade Minister Ahn Duk-geun attended the 54th South Korea-Japan Business Conference at the Lotte Hotel Seoul on May 30 to discuss joint response to global value chain paradigm changes and bilateral youth exchanges under the theme of “Opening the New Stage in South Korea-Japan Economic Connections.”   In his congratulatory message, Minister Ahn thanked the companies of both countries 'for their efforts to stimulate trade and investment amid the pandemic and difficult trade envi date2022-06-07

1st Vice Minister attends Metafashion Launch Ceremony

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the Metafashion Launch Ceremony at the Dongdaemun Design Plaza (DDP) on May 30 and discussed the potential of Korea’s metafashion industry coupled with world-leading digital technology and infrastructure.   In his opening remarks, Vice Minister Jang stated that “metafashion is the key manufacturing-to-services business and the next blue ocean,” and added that “metaverse avatars can try on dig date2022-06-07

Minister Lee holds 1st Industrial Strategy Roundtable

Trade, Industry and Energy Minister Lee Chang-yang visited the SK Hynix headquarters in Gyeonggi-do on May 30 to preside the 1st Industrial Strategy Roundtable specific to the semiconductors industry.   Minister Lee received a briefing on the Yongin Semiconductor Cluster progress from Kim Dong-sub, SK Hynix President of Communication & External Affairs, and toured the company’s semiconductor fabrication plant. In the subsequent roundtable meeting, he delivered opening remarks, c date2022-06-03