Ministry of Trade, Industry and Energy

Minister Joo attends 11th trilateral economic and trade ministers' meeting in Tokyo

  Trade, Industry and Energy Minister Joo Hyunghwan (right) joined the 11th trilateral economic and trade ministers' meeting with Japan's Economy, Trade and Industry Minister Sekou Hiroshige (center) and China's Commerce Minister Gao Hucheng (left) in Tokyo on Oct 29 . The meeting was designed to further enhance the economic and trade relations between the three countries.     The ministers reached a consensus to discourage all forms of the growing protectionism across the g date2016-11-01

Vice Minister Jeong speaks at gov't's policy briefing on raising competitiveness of shipbuilding and shipping industries

  Trade, Industry and Energy Vice Minister Jeong Marn-ki (right) spoke at the government's briefing on the policy direction for raising competitiveness of shipbuilding and shipping industries facing overcapacity issue on Oct 31. The Ministry of Strategy and Finance led the briefing with the related economic ministries in the government complex in Seoul on Oct 31. Other attendees in the photo include Strategy and Finance Vice Minister Choi Sang-mok (center) and Vice Chairman of the Financi date2016-11-01

Korea, Denmark join heads to discuss green growth

Trade, Industry and Energy Vice Minister Woo Taehee (third from right, front row) delivered his keynote speech at the 6th Korea-Denmark Green Growth Alliance Meeting, held under the theme of the ``Energy Transition Towards a Greener Future’’ in Seoul on Oct 25.  In his speech, the Vice Minister  highlighted the strategies of new Korean energy industry and strengthened cooperation between the two countries.     At this meeting, Korean Prime Minist date2016-10-28

Minister Joo talks with OECD secretary-general Jose Angel Gurria

   Trade, Industry and Energy Minister Joo Hyunghwan (left) met with OECD Secretary-General Jose Angel Gurria to discuss the measures against protectionism in trade on Oct 25 in Seoul. Both sides were concerned about growing uncertainties surrounding the global economy, affected by such factors such as the prolonged global economic downturn, protectionism barring trades, BREXIT and industries suffering from oversupply issue like steel .   Minister Joo suggested that OECD condu date2016-10-28

Minister Joo talks with USTR Micheal Froman at WTO Ministerial Conference

     Trade, Industry and Energy Minister Joo Hyunhwan (left) met with United State Trade Representative Micheal Froman on Oct 21 during the WTO Ministerial Conference, held in Oslo, Norway, to discuss current trade issues .   One of major agendas on the table was tighter trade environment against Korean steel goods in the U.S. At the talks, Minister Joo raised concerns over the recent U.S. decision to impose anti-dumping duties on Korea-made steel products and aske date2016-10-26

7th round of negotiations for Korea-Central America FTA open in Seoul

Ministry of Trade, Industry and Energy announced that 7th round of talks for an free trade agreement between Korea and six Central American countries composed of Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama, was open in Seoul on Oct 24 for a week-day run.    Yeo Han-koo, Ministry's Deptuy Director General of FTA, expressed hope that all parties involved will strive to make progresses for signing a high-level trade pact.   This round of talks will focus date2016-10-24

Central American vice ministers join the 7th round of Korea-Central America FTA talks

     The Ministry of Trade, Industry and Energy's Deputy Minister for Trade Negotiations, Kim Hak-do (center), hosted a meeting with vice ministers of six Central American countries, consisting of Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama on Oct 24 in Seoul as a sideline event of the 7th round of the ongoing Korea-Central America FTA negotiations.   Vice ministers in attendance were Jesus Bermudez, Nicaraguan Vice Minister of Development, I date2016-10-24

Korea, UAE signs deal to set up JV for Bakarah nuclear plant operation

  Trade, Industry and Energy Minister Joo Hyunghwan (left, back row) attended a contract signing for a joint venture deal to operate the four reactors under construction in Bakarah, the United Arab Emirates, with his counterpart Khaldoon al-Mubarak (right, back row), chairman of Executive Affairs Authority for the Emirate of Abu Dhabi.  Korea Electric Power Corp. CEO Cho Hwan-eik (left, front row) and Emirates Nuclear Energy Corporation (ENEC) CEO Mohamed Al Hammadi (right, front row date2016-10-22

Minister Joo visits UAE nuclear power plant construction site

          Minister of Trade, Industry and Energy Joo Hyunghwan (center) visited the Barakah nuclear power plant complex in the United Arab Emirates on Oct 19 to encourage the dispatched Korean workers at the site.   Korea has been building four APR-1400 nuclear reactors with home-grown technology within the complex since 2012. This is the first nuclear power plant in UAE.   The minister checked the status of construction ente date2016-10-21

Korea to operate four nuclear reactors in UAE for 60 years

Korea and the United Arab Emirates signed a deal to set up a joint venture to operate four nuclear reactors under construction in Bakarah ,the United Arab Emirates, on Oct 20 in Abu Dhabi.   Under the deal, the UAE’s nuclear operator and the Korea Electric Power Corporation, the prime contractor for UAE’s first nuclear plant construction, will set up the joint venture to operate the four reactors in Bakarah for the next 60 years.   KEPCO will secure an 18 percent date2016-10-20