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Industry
Minister chairs conference with CTOs on Comprehensive Strategy for Global Technology Cooperation
Trade, Industry and Energy Minister Bang Moon Kyu chaired the Chief Technology Officers’ Conference on December 5 at the Four Seasons Hotel Seoul with the chief technology officers (CTOs) of major companies and presented the Comprehensive Strategy for Global Technology Cooperation and led discussions on measures for improving related systems. The conference was attended by representatives of various companies in major industry sectors and related associations, including Korea Institute fo date2023-12-06
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Energy
Korea holds roundtable for spreading CFE initiatives on sidelines of COP28
The Ministry of Trade, Industry and Energy (MOTIE) announced that it hosted a roundtable, organized by the Carbon Free (CF) Alliance, on December 5 in the United Arab Emirates (UAE) on the sidelines of the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP28) for promoting the global diffusion of the carbon-free energy initiatives led by the CF Alliance. The roundtable was held to promote Korea’s carbon-free energy (CFE) initiatives to the i date2023-12-06
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Industry
Korea to launch global projects to secure 180 vital and proprietary technologies
Trade, Industry and Energy Minister Bang Moon Kyu chaired the Chief Technology Officers’ Conference on December 5 at the Four Seasons Hotel Seoul with the chief technology officers (CTOs) of major companies and presented the Comprehensive Strategy for Global Technology Cooperation. Beginning 2024, the Ministry of Trade, Industry and Energy (MOTIE) plans to swiftly secure 80 “super gap” technologies and 100 industrial proprietary technologies by launching joint R&D projects date2023-12-05
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Industry
Korea and EU hold 1st Industrial Supply Chain Policy Dialogue meeting
Trade, Industry and Energy Vice Minister Youngjin Jang and Kerstin Jorna, Director General of the European Commission’s Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW), held the first Korea-EU Industrial Supply Chain Policy Dialogue meeting on December 5 via videoconferencing, as follow-up to the agreement made in May on the occasion of the Korea-EU summit to expand the Korea-EU Industrial Policy Dialogue, launched in 2013, to cover cooperation in the date2023-12-05
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FTA/Economic Cooperation
Korea and China hold 5th bilateral FTA Joint Committee Meeting
Minister for Trade Dukgeun Ahn led the Korean delegation in the fifth Korea-China Free Trade Agreement (FTA) Joint Committee meeting on December 4 in Beijing to discuss measures for expanding bilateral cooperation in economy, service industries and supply chain with International Trade Representative Wang Shouwen, who led the Chinese delegation. date2023-12-05
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FTA/Economic Cooperation
Minister holds luncheon conference with Japan's METI Minister
Trade, Industry and Energy Minister Bang Moon Kyu and Japan’s Economy, Trade and Industry Minister Nishimura Yasutoshi held a luncheon conference prior to attending the 17th MOTIE-METI soccer exchange game on December 2 in Osaka, Japan, and shared views on measures for the two countries’ industrial, trade and energy cooperation. date2023-12-05
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Energy
Vice Minister attends NetZero Nuclear Initiative support declaration ceremony
Trade, Industry and Energy Vice Minister Kang Kyungsung attended the ceremony for declaring support for the NetZero Nuclear Initiative on December 2 in Dubai, UAE, along with other countries' representatives, including those from the U.S., France, the UK, UAE, Sweden, Poland, Czech Republic and Romania, and gave a message expressing support for the NetZero Nuclear Initiative. date2023-12-05
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FTA/Economic Cooperation
Korea and China to strengthen service and supply chain cooperation through FTA
Minister for Trade Dukgeun Ahn led the Korean delegation in the fifth Korea-China Free Trade Agreement (FTA) Joint Committee meeting on December 4 in Beijing to discuss measures for expanding bilateral economic cooperation. The Chinese delegation was headed by International Trade Representative Wang Shouwen. With this year marking the ninth year since the FTA entered into force, Korea and China are seeing their bilateral trade volume increase 36.5 percent year-on-year in 2023. In commemoration date2023-12-04
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Trade/Investment
Korea expands catered support for foreign investment in advanced industries
The Ministry of Trade, Industry and Energy (MOTIE) held the 113rd Foreign Investment Committee meeting to deliberate and vote on the revised bills of the Operation Guidelines for the Cash Grant System and the Guidelines for Operation of Foreign Investment Zones, which aim to expand foreign investment in advanced industries. The bills went into effect on December 3. First, with the revision of the Operation Guidelines for the Cash Grant System, foreign investment in advanced industries will be r date2023-12-04
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Energy
Korea among 22 nations to declare support for the NetZero Nuclear Initiative
The Ministry of Trade, Industry and Energy (MOTIE) announced on December 3 that 22 countries around the world, including Korea, the U.S., France, the UK and Sweden, have adopted the declaration on supporting the NetZero Nuclear Initiative. The NetZero Nuclear Initiative is a global climate agenda established for resolving climate crises by recognizing nuclear energy as clean energy, drawing international commitment on expanding the global nuclear power capacity three-fold by 2050, and spurring date2023-12-04