Ministry of Trade, Industry and Energy

1st Multilateral Trade Strategy Assessment Meeting

Trade Minister Ahn Duk-geun held the 1st Multilateral Trade Strategy Assessment Meeting on July 12 at the Government Complex Sejong with relevant ministries and delegation of the Permanent Mission of the Republic of Korea in Geneva (hereinafter 'Mission').  The Multilateral Trade Strategy Assessment Meeting has been launched to bolster the “one team, one voice” strategy of the South Korean government in terms of multilateral trade. In the past, trade issues were dealt through date2022-07-13

1st Vice Minister attends R&D Institutions' Conference

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the R&D Institutions’ Conference on July 11 at the Government Complex Sejong to discuss reorganization measures across all cycles of R&D process in accordance with the new regime’s industrial technology innovation strategy follow-up.   The Vice Minister delivered opening remarks, stating that they must “innovate the R&D process overall to create outcomes worthy of the KRW 30 trillion R&D date2022-07-13

MOTIE presents work report under new regime

The Ministry of Trade, Industry and Energy (MOTIE) presented the Ministry’s work report to President Yoon Suk-yeol on July 12, a five-year set of three-fold strategies containing 11 major project tasks. The three-fold strategies are in bold as follows. One, the Ministry will pursue a major industrial shift through growth-oriented strategy. The growth-oriented industrial strategy is built on four key aims. The first aim is to stimulate private investment through regulatory improvement, date2022-07-12

Minister Lee holds Summer Power Supply Inspection Meeting

Trade, Industry and Energy Minister Lee Chang-yang held a Summer Power Supply Inspection Meeting on July 10 to check electricity agencies’ power capacity management status, and assessed the power capacity countermeasures announced in June prior to touring Korea Midland Power. date2022-07-12

6th round of Korea-Ecuador SECA negotiations

The Ministry of Trade, Industry and Energy (MOTIE) announced on July 11 that the 6th round of Korea-Ecuador Strategic Economic Complementation Agreement (SECA) negotiations will be taking place through July 11-21 in Seoul. Both countries agreed in March this year to officially resume negotiations, and the 6th round follows a six-year hiatus since the 5th round in 2016. The 6th round will cover negotiations across all departments, encompassing products, services, investment, digital, procuremen date2022-07-12

Minister Lee attends 1st World EXPO 2030 Bid Committee Meeting

Trade, Industry and Energy Minister Lee Chang-yang attended the 1st World EXPO 2030 Bid Committee Meeting on July 8 at the Korea Chamber of Commerce and Industry (KCCI) to discuss Committee rules, and the progress and plans of promotion activities and private-led committee.   The event was attended by Prime Minister Han Duck-soo, KCCI Chairman Chey Tae-won and other relevant persons from various organizations, including the Ministry of Foreign Affairs (MOFA) and the Ministry of Culture, S date2022-07-12

Trade Minister attends Korea-U.S. Trade Cooperation Roundtable

Trade Minister Ahn Duk-geun attended the Korea-U.S. Trade Cooperation Roundtable on July 8 at the Four Seasons Hotel Seoul to share updates on the Korea-U.S. FTA, Indo-Pacific Economic Framework (IPEF) launch, supply chain communication channel, CHIPS for America Act and U.S. visa quota for highly-skilled Korean workers.   The meeting was convened on the occasion of the Congressional Study Group on Korea (CSGK)’s visit to South Korea, which is co-chaired by U.S. Representatives Ami date2022-07-12

World Expo 2030 Bid Committee to give full measure

The South Korean government held the first World Expo 2030 Bid Committee (hereinafter “Committee”) meeting at the Korea Chamber of Commerce and Industry (KCCI) on July 8, which was co-presided by Prime Minister Han Duck-soo and Co-Chairman Chey Tae-won. The private-led bid committee and Government-led bid committee have been merged so as to combine all efforts for the single aim of winning Busan the bid for host city of World Expo 2030. Comprising 14 of Government Ministe date2022-07-11

Trade Minister holds 15th Trade Advisory Committee Meeting

Trade Minister Ahn Duk-geun held the 15th Trade Advisory Committee (hereinafter “Committee”) Meeting at the Lotte Hotel Seoul on July 7, the first meeting of its kind under the new regime.   In his opening message, Trade Minister Ahn stated that efforts had been made over the past two months to leverage the Korea-U.S. summit, IPEF launching ceremony and the 12th WTO Ministerial Conference to create favorable trade results for Korean companies and contribute to the internationa date2022-07-11

Trade Minister holds 15th Trade Advisory Committee Meeting

Trade Minister Ahn Duk-geun held the 15th Trade Advisory Committee (hereinafter “Committee”) Meeting at the Lotte Hotel Seoul on July 7, the first meeting of its kind under South Korea's new regime. The above Committee is a consultation body focused on communication with corporations and consists of approximately 30 experts from industries and academia, serving as one of the main public-private collaborative channels. This meeting was held to discuss matters related to trade policy date2022-07-11