Ministry of Trade, Industry and Energy

Korea, Israel hold 4th round of FTA negotiations in Jerusalem

The Ministry of Trade, Industry and Energy announced on April 18 that the fourth round of negotiations for the Korea-Israel Free Trade Agreement (FTA) will kick off in Jerusalem, Israel, on April 19. The negotiations for the proposed FTA, which will continue through April 30, are led by Korea’s Trade, Industry and Energy Director General for Trade Policy Yeo Han-koo and Foreign Trade Administration Director Rachel Hirshler of Israel’s Ministry of Economy and Industry. The Korean del date2017-04-18

Auto exports soar for two consecutive months in March

The Ministry of Trade, Industry and Energy announced on April 18 that automobile exports, in terms of value, rose for two straight months in March due to increased sales of eco-friendly and mid- and large-sized vehicles.  The total value of automobiles shipped overseas went up 4.1 percent to $4.1 billion year-on-year in March. Strong sales of eco-friendly and mid- and large-sized vehicles with higher unit prices led to boosting the total value of car exports although the number of overseas date2017-04-18

Minister Joo discusses ways to expand bilateral business cooperation with Malaysia’s minister

Trade, Industry and Energy Minister Joo Hyunghwan (right) shook hands with Malaysia’s International Trade and Industry Minister Dato’ Sri Mustapa Mohamed at the Korea-Malaysia trade meeting in Lotte Hotel in Seoul on April 14.  At the meeting, the two ministers discussed ways to accelerate the pace of negotiations of further liberalization of the Korea-Association of Southeast Asian Nations (ASEAN) free trade agreement (FTA) and the Regional Comprehensive Economic Partnership ( date2017-04-14

Korea, Malaysia discuss bilateral and multilateral trade and economic issues

The Ministry of Trade, Industry and Energy announced on April 14 that the Ministry held a trade meeting with Malaysia’s International Trade and Industry Minister Dato’ Sri Mustapa Mohamed in Lotte Hotel in Seoul to discuss bilateral and multilateral trade issues.  At the meeting, Korea’s Trade, Industry and Energy Minister Joo Hyunghwan underscored the importance of joint efforts of the two countries to boost trade and investment. To that end, Minister Joo and his counte date2017-04-14

Minister Joo meets AMCHAM business leaders

Trade, Industry and Energy Minister Joo Hyunghwan (center) posed with James Kim (third from left), Chairman of the American Chamber of Commerce (AMCHAM) in Korea and John Schuldt (third from right), President of the AMCHAM Korea, and David Ruch (second from left), former AMCHAM Korea Chairman, at Lotte Hotel, central Seoul, on April 12. At the AMCHAM Meeting, Minister Joo talked about the outcomes of his recent visit to the U.S. and discussed the ways to expand economic cooperation with the U.S date2017-04-12

Korea’s ICT exports rise 15.8% in March

The Ministry of Trade, Industry and Energy announced on April 12 that exports of information and communication technology (ICT) products rose 15.8 percent to $16.2 billion in March from a year earlier due to strong sales of semiconductors and displays.  March’s exports of ICT goods marked the third largest monthly amount in history and a double-digit growth for four consecutive months. Since November last year, ICT exports have advanced for five months in a row. ICT Imports increase date2017-04-12

Korea steps up efforts to cope with trade issues from U.S., China

The Ministry of Trade, Industry and Energy announced on April 11 that it hosted the 8th trade committee meeting to respond to rising trade issues from the United States (U.S.) and China. Trade, Industry and Energy Vice Minister Woo Taehee presided the meeting with top officials attended from 20 ministries and agencies to discuss the ways to cope with trade issues concerning major trade partners such as the U.S. and China and expand the free trade agreement (FTA) networks to tap new markets. Vi date2017-04-11

Korea, China, Japan hold 12th round of FTA talks in Japan

The Ministry of Trade, Industry and Energy announced on April 10 that top trade officials from Korea, China and Japan will seek the ways to make progress in the free trade negotiations for the 12th round of Korea, China, Japan FTA talks, which will be held in Tokyo, Japan, on April 10-13. The meeting will be attended by Deputy Minister for Trade Negotiations Lee Sang-jin of the Ministry of Trade, Industry and Energy, and his counterparts Wang Shouwen, China’s Vice Minister of Commerce, an date2017-04-10

Korea-EAEU hold business forum in Belarus

Trade, Industry and Energy Vice Minister Jeong Marn-ki delivered a congratulatory speech at the third intergovernmental committee and business forum to expand trade, investment and industrial cooperation through the free trade agreement (FTA) between Korea and the Eurasian Economic Union (EAEU) in Minsk, Belarus on April 10.  Belarus’ First Deputy Minister of Foreign Affairs Andrei Yeudachenka and other 50 representatives from the EAEU member countries and Korean companies attended t date2017-04-10

Ministry strengthens technology cooperation with Israel

Trade, Industry and Energy Vice Minister Jeong Marn-ki delivered an opening speech in the “Korea-Israel Tech-Biz Day” forum at Carlton Tel Aviv Hotel in Israel on April 9.  Israel’s Deputy Prime Minister for Diplomacy Michael Oren and some 150 representatives from companies and organizations from the two countries attended the forum, which aims to strengthen cooperation in technology between Korea and Israel through exchange programs and investment consultations.  A date2017-04-09