Ministry of Trade, Industry and Energy

Korea and New Zealand enter an initial bilateral FTA

The Ministry of Trade, Industry and Energy (MOTIE) announced on December 22 that Korea and New Zealand entered an initial bilateral FTA on December 22, 2014 in Wellington, New Zealand.   The English version of the FTA is posted on MOTIE's FTA Homepage (www.fta.go.kr), followed by the Korean version after proofreading.   The two countries agreed to officially sign the FTA in the first half of 2015, and the FTA will be officially put in force after ratifications by the National Assembly.     * Short version date2014-12-22

MOTIE Hosts Foreign Investment Week 2014

About 300 foreign investors from 22 countries, including companies such as General Electric Aviation, Boeing, Solvay, and Goldman Sachs, are participating in the event, as well as journalists from 25 countries and business leaders of foreign-invested companies in South Korea. date2014-10-31

Free Trade Agreement

Overview Current Status Publications Links Overview A Free Trade Agreement (FTA) is a special treaty between member states which facilitates freer movement of goods and services by relaxing tariff and non-tariff barriers for goods, services, investments, intellectual property, government procurements, etc. A Free Trade Agreement (FTA) is the major part of the Regional Trade Agreement (RTA), and is the first step to achieve a complete economic integration. Free Trade Agreement &r date2014-10-27

MOTIE Starts English Facebook, Twitter, Flickr

Those who “Like” the MOTIE’s Facebook, “Follow” its Twitter or visit its Flickr page will receive updates on the ministry’s latest news and events as well as other useful and insightful information related to South Korea. You can visit and join the MOTIE’s new English SNS pages at: O Facebook : https://www.facebook.com/MOTIEKoreaEng O Twitter : https://www.twitter.com/MOTIEKoreaEng O Flickr : https://www.flickr.com/photos/MOTIEKoreaEng ● Attachments (Picture): 1.MOTIE English Facebook; 2. Twitter; 3. Flickr Attachment 1: MOTIE English Facebook (https://www.facebook.com/MOTIEKoreaEng) Attachment 2: MOTIE English Twitter (https://www.twitter.com/MOTIEKoreaEng) Attachment 3: MOTIE English Flickr (https://www.flickr.com/photos/MOTIEKoreaEng) date2014-09-22

MOTIE Minister attends 11th Korea-ASEAN Economic Ministers Meeting

On August 26, 2014, Yoon Sang-jick, Minister of Trade, Industry & Energy participated in the 11th Korea-ASEAN Economic Ministerial Level Talk Meeting and the 17th ASEAN+3 Economic Ministerial Meeting. In the meeting, member nations exchanged in-depth discussions in terms of additional trade liberalization and the increased utilization of KOR–AEASN FTA before the launch of the ASEAN Economic Community in 2015.       date2014-09-03

Reducing the burden on companies in the Foreign Investment Zone by half

Promotion Division (044- 203-4083) date2014-08-28

In-depth discussions to be held with ASEAN nations on trade liberalization and cooperation measures

Minister of Trade, Industry & Energy Yoon Sang-jick will be participating in the Fourth Economic Ministers Meeting of the Association of South-East Asian Nations (ASEAN) (KOR-ASEAN․ASEAN+3, Regional Comprehensive Economic Partnership (RCEP) and East Asia Summit (EAS), which will be held in Nay Phy Taw, Myanmar for two days starting on August 26. The KOR–ASEAN Economic Ministers Meeting will provide a venue for in-depth discussions of measures for the additional liberalization and the date2014-08-28

Root Companies Will Easily Recruit Foreign Students

date2014-08-14

Results of the 8th round of the Korea-New Zealand FTA negotiation

date2014-08-11

Korea’s Car Industry Recorded Growth in Finished Goods Production, Domestic Sales, Exports and Parts Shipment

* (JD Power, US, July 23) Hyundai Motor Company topped the 2014 APEAL (IDSA, July 22), while the KIA Soul won a Silver Prize at the IDEA Awards in 2014 ** (July 1, 2014, passenger vehicles) Larger than 1,500cc: 2.0%→0% / 1,500cc or below: 5.0%→3.3% The industry also recorded its highest-ever monthly exports of car parts, at USD 2.47 billion, thanks to robust exports to the US and China, Korea’s largest export destinations. ○ Jul 2014 - Production : 409.283 - Domestic Sales : 146,226 - Domestic Cars : 128,114 - Imported Cars : 18,112 - Exports : 266,741 - (Amount) : 43.0 - Car Parts : 24.7 ○ Month-on-Month - Production : 7.6 - Domestic Sales : 4.5 - Domestic Cars : 5.0 - Imported Cars : 1.7 - Exports : 3.2 - (Amount) : 5.4 - Car Parts : 17.2 ○ Year-on-Year - Production : 22.4 - Domestic Sales : 4.0 - Domestic Cars : 1.9 - Imported Cars : 21.1 - Exports : 16.0 - (Amount) : 20.8 - Car Parts : 12.6 ○ Jan through Jul 2014 - Production : 2,751,825 - Domestic Sales : 953,289 - Domestic Cars : 840,914 - Imported Cars : 112,375 - Exports : 1,866,624 - (Amount) : 297.7 - Car Parts : 158.7 ○Year-on-Year - Production : 5.1 - Domestic Sales : 6.8 - Domestic Cars : 4.7 - Imported Cars : 25.6 - Exports : 2.6 - (Amount) : 6.0 - Car Parts : 5.6 date2014-08-08