Ministry of Trade, Industry and Energy

Korea and Malaysia hold trade talks on CPTPP and stronger supply chain cooperation

Trade Minister Yeo Han-koo held a teleconference with Malaysia’s International Trade and Industry Minister Mohamed Azmin Ali on April 18 at Korea Chamber of Commerce and Industry (KCCI) in Seoul to discuss various trade issues, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Indo-Pacific Economic Framework (IPEF), and supply chain cooperation. Japan, Singapore, Vietnam, Australia, New Zealand, Canada, Mexico, Peru, Chile, Malaysia, and Brunei, date2022-04-19

Korea and Malaysia hold trade talks on CPTPP and supply chain cooperation

Trade Minister Yeo Han-koo held a teleconference with Malaysia’s International Trade and Industry Minister Mohamed Azmin Ali on April 18 at Korea Chamber of Commerce and Industry (KCCI) in Seoul to discuss various trade issues, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Indo-Pacific Economic Framework (IPEF), and supply chain cooperation. date2022-04-19

423rd Korea Trade Commission gives final conclusion on anti-dumping investigations

The Ministry of Trade, Industry, and Energy (MOTIE) held the 423rd Korea Trade Commission meeting on April 14, where Chairperson Chang Seung-wha announced the final conclusions of anti-dumping investigations on Chinese presensitized aluminum plates with double-layered coating for offset printing (hereinafter referred to as “double-layer offset printing plate”) and unfair trade practices investigations on the fin field-effect transistor (finFET) patent infringement. The Commission als date2022-04-18

Korea's automobile exports achieve $4.0 billion in March

The Ministry of Trade, Industry, and Energy announced on April 15 that Korea’s March automobiles exports reached 179,630 units (down 7.7 percent) and USD 4.0 billion (down 9.7 percent) in value. Korea’s automobile production suffered from less operating days, semiconductor supply crisis, and China’s production halt in car parts, due to shutdown of local production lines from surging local COVID-19 cases. Only two of Korean car manufacturers achieved positive growth, namely Ssa date2022-04-15

Korea's ICT exports achieve a record-breaking $23.3 billion in March

The Ministry of Trade, Industry, and Energy announced on April 14 that Korea’s outbound shipments of information and communications technology (ICT) goods surpassed all previous records in March, achieving 33.6 percent growth year-on-year and reaching USD 23.3 billion. March 2022 saw the highest ever ICT exports in history since first statistic record in 1996. ICT exports have posted double-digit growth for 12 consecutive months since April of 2021, and take up a whopping 36.6 percent of date2022-04-15

Trade Minister holds IPEF public-private digital trade meeting

Trade Minister Yeo Han-koo held a meeting on April 14 at the Korea Chamber of Commerce and Industry (KCCI) office in Seoul to discuss public-private digital trade response measures with regard to the Indo-Pacific Economic Framework (IPEF).   After his opening remarks, Minister Yeo led the group in discussions on public-private joint efforts in responding to the digital trade transition landscape.   The meeting was attended by approximately 20 persons consisting of officials and ind date2022-04-14

Trade Minister visits data-driven smart farm complex

Trade Minister Yeo Han-koo visited the Korean-style data-driven smart farm test complex and exports-focused cultivation site located in Wonbuk-myeon, Taean-gun, Chungcheongnam-do on April 13 to check the progress of domestic support projects pushed in response to Free Trade Agreements.   Operated by Wonbuk-myeon Agricultural Cooperative and contractor company Culti Labs, the data-driven smart farm is powered by using the thermal discharge of nearby Taean Thermal Power Station to grow its date2022-04-14

MOTIE announces Jeju-style Distributed Energy Masterplan

The Ministry of Trade, Industry, and Energy announced the Jeju-style Distributed Energy Masterplan at the CFI Energy Future Hall on Jeju Island on April 12. The Ministry aims to propel the masterplan under the Distributed Energy Promotion Strategy, in a way finetuned to the conditions of Jeju Island. The plan entails the establishment of distributed energy-friendly infrastructure, distributed energy-based new power industries development, and measures for improving local sentiments toward the date2022-04-13

2nd Vice Minister attends Jeju-type Distributed Energy Masterplan Presentation

Trade, Industry, and Energy 2nd Vice Minister Park Ki-young attended the Jeju-type Distributed Energy Masterplan Presentation on April 12 at the CFI Energy Future Hall, held to promote the importance of distributed energy and central-local cooperation.   In his opening remarks, the Vice Minister stated that “the Ministry will push the momentum for distributed energy based on close cooperation between central and local experts.” After listening to the Jeju-type Distributed Ener date2022-04-13

Korea and Indonesia hold talks regarding CEPA, IPEF, and other trade issues

Trade, Industry, and Energy Minister Moon Sung-wook held a videoconference with Indonesia’s Trade Minister Muhammad Lutfi on April 11 to discuss the Korea-Indonesia Comprehensive Economic Partnership Agreement (CEPA), Indo-Pacific Economic Framework (IPEF), and other trade issues. This meeting was a follow-up to further the Korea-Indonesia Economic Cooperation Committee talks held in Jakarta on February 22. The two trade chiefs concurred that it would be vital for both countries to conti date2022-04-12