Ministry of Trade, Industry and Energy

Minister Joo co-chairs Korea-EU FTA Joint Committee meeting

Trade, Industry and Energy Minister, Joo Hyunghwan (second from right), co-chaired the 6th Joint Committee meeting under Korea and the European Union FTA in Belgium on December 16 (local time). During the meeting co-hosted by Cecilia Malmström, the European Commissioner for Trade, Minister Joo assessed the benefits under the current free trade pact with roughly 40 other delegates from both sides. Korea and the EU have discussed ways to further improve the trade deal, since the free trade a date2016-12-19

Korea, UK discuss new ways of economic ties in the post-Brexit era

Minister of Trade, Industry and Energy Joo Hyunghwan (left) met with UK Secretary of State for International Trade Liam Fox (right) prior to the 3rd UK-Korea Joint Economic and Trade Committee (JETCO), on Dec 15 in London.The two ministers discussed establishing new economic ties between Korea and UK after Brexit in such fields as the emerging renewable energy industry. date2016-12-16

Ministry hosts emergency meeting for export policy check-up after impeachment vote

Led by the Trade-Industry-Energy MinisterJoo Hyunghwan, the Ministry hosted an urgent meeting to inspect current export environment and to predict the outlook for exports next year on Dec 13 in Seoul with key exporters and export promotion-related organizations like KOTRA and Korea Trade Insurance Corp. in its efforts to minimize the impact from the parliament’s impeachment vote against the President last Friday.    In an opening remark, Minister Joo underscored growing unce date2016-12-13

Minister Joo discusses ways of enhancing economic ties at 7th Korea-Vietnam Joint Committee meeting

Trade, Industry and Energy Minister Joo Hyunghwan (right) co-chaired the 7th meeting of the Joint Committee for Cooperation on Nuclear Power, Energy and Industry between Korea and Vietnam with his Vietnamese counterpart, Minister of Industry and Trade Vietnam Tran Tuan Anh (left), in Seoul on December 7. During the meeting, which was attended by about eighty government officials from the Korean and Vietnamese sides, the committee discussed ways of enhancing cooperation between the two countries date2016-12-08

Minister Joo meets with DTI secretary Ramon Lopez

Trade, Industry and Energy Minister Joo Hyunghwan (left) met with Philippine Department of Trade and Industry secretary Ramon Lopez (right) in Seoul on December 6. Minister Joo and his Philippine counterpart discussed the Regional Comprehensive Economic Partnership and other pending trade issues between the two countries, prior to their bilateral trade talks.   date2016-12-06

Minister Joo discusses enhancing economic ties at 4th Korea-Qatar meeting

Minister of Trade, Industry and Energy Joo Hyunghwan (left) co-chaired the fourth High-Level Strategic Cooperation Committee meeting with his Qatar counterpart, Minister of Energy and Industry Dr. Mohammed bin Saleh al-Sada (right), in Seoul on December 2.The meeting was attended by government representatives from both Korean and Qatar side and the committee discussed ways of enhancing co-operation between the two countries across various fields including trade, investment, energy, infrastructur date2016-12-03

Vice Minister Woo launches task force to cope with Korea-China trade issues

Trade, Industry and Energy Vice Minister Woo Taehee (second from right) launched a task force at a pan-government level to cope with China's growing non-tariff trade barriers against Korean companies or goods on Dec 2.The decision was announced during the Korea-China trade issue monitoring session with government officials from relevant ministries such as the Ministry of Strategy and Finance, Ministry of Foreign Affairs, Ministry of Culture, Sports and Tourism, Ministry of Agriculture, Food date2016-12-02

Minister Joo stresses benefits of KOR-US FTA to U.S. biz community in Korea

Trade, Industry and Energy Minister Joo Hyunghwan (left) gave a speech at American Chamber of Commerce in Korea(AMCHAM) General Membership Meeting highlighting Korean government's constant effort towards bilateral economic and trade relation between Korea and the U.S. on Nov. 29. The meeting was attended also by the chairman of AMCHAM James Kim (right), as well as the president of AMCHAM John Schuldt and Ambassador Mark Lippert.   Minister Joo emphasized that Korea-US FTA has been date2016-12-01

Korean exports jump 2.7% in November

The Ministry of Trade, Industry and Energy announced that exports rose 2.7 percent in November, posting USD 44.5 billion, and  imports also rose 10.1 percent compared to the same month last year, posting $37.5 billion. Trade balance in November came to a $8 billion surplus, and recorded the largest monthly volume in both exports and imports since July 2015. The driving force behind this export growth is the rise of major export goods including semiconductors, petrochemi date2016-12-01

Trade Minister launches consultation committee on Korea-U.S. trade issue

Trade, Industry and Energy Ministry launched the consultation committee on Korea-U.S. trade issue with the Korea International Trade Association (KITA) on Nov 23 in Seoul in its effort to prepare for the tightened trade conditions with the U.S. following the election victory of Donald Trump who has held anti-trade stance.In the first committee meeting, the Trade Minister Joo (left) discussed the impact of growing protectionism across the world and the appropriate measures to cope with date2016-11-24