Ministry of Trade, Industry and Energy

Korea to Enhance Cooperation with Chinese Local Governments

date2013-04-03

Korea Holds the 1st Round of Negotiations for a Trilateral FTA

The Ministry of Trade, Industry and Energy hosted the first three-day round of negotiations for a free trade agreement among China, Japan and Korea on March 26. Deputy Minister for Trade Choi Kyonglim led the Korean delegation, which consisted of officials from the relevant authorities including Ministry of Strategy and Finance and the Ministry of Agriculture, Food and Rural Affairs. The Japanese and Chinese delegations were led by Deputy Minister for Foreign Affairs Koji Tsuruoka and Assistant Minister of Commerce Yu Jianhua, respectively. The three chief negotiators adopted the Terms of Reference for the negotiations, including basic principles and guidelines. They also discussed general issues such as the scope of the negotiations and the formation of working groups. Specifically, the scope of the negotiations will be based on the results of joint studies by government, industry and academia and, though other issues can be added if necessary by consensus among the three parties. While trilateral negotiations on goods, services and investments will proceed simultaneously, two-way talks will be allowed on goods. The three countries will continue to work on the specific issues of the negotiations in two more rounds of talks later this year. The second round is scheduled to be held in China in June or July. * Released by the East Asia FTA Bureau date2013-04-03

Trade Figures for March

date2013-04-02

Korea Hosts the 1st Round of Negotiations for Trilateral FTA

Deputy Minister for Trade Choi Kyonglim (center) shakes hands with his Japanese counterpart, Deputy Minister for Foreign Affairs Koji Tsuruoka (right); and his Chinese counterpart, Assistant Minister of Commerce Yu Jianhua (left), on March 26 in Seoul. The chief negotiators held the first three-day round of negotiations for an FTA between China, Japan and Korea. date2013-04-02

Retail Sales Figures for February

    date2013-03-29

Incoming Vice Minister Speaks at an Inaugural Ceremony

date2013-03-29

Newly Appointed Vice Minister Takes Office

Newly Appointed Vice Minister Takes Office Incoming Vice Minister for Trade and Energy Han Jinhyun delivers an inaugural address on March 15 at the Gwacheon Government Complex. date2013-03-29

MKE Releases Car Sales Figures for February

MKE Releases Car Sales Figures for February The Ministry of Knowledge Economy has released its car sales figures for February. As the Lunar New Year holiday fell in February this year, resulting in fewer working days, Korea’s car production contracted 19.8 percent year on year to 338,278 vehicles. The holiday and weaker local demand hurt sales of domestic cars, but strong sales of German brands helped sales of imported cars rise 14.8 percent to 10,556 vehicles. Meanwhile, a contraction in date2013-03-12

New Minister Takes Office

Incoming Minster of Trade, Industry and Energy Yoon Sang-jick speaks at an inaugural ceremony on March 11 in the Gwacheon Government Complex. date2013-03-12

IT Trade Figures for February

date2013-03-08