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Trade/Investment
Korea holds Foreign Company Day 2023
The Trade, Industry and Energy Ministry’s International Trade and Investment Deputy Minister Kim Wan-ki attended Foreign Company Day 2023 on November 21 in Seoul to award foreign investment contributors government commendations and promote exchanges and communication with foreign-invested companies. The deputy minister gave a congratulatory message and awarded medals and orders of merit to those that contributed to facilitating foreign investment in Korea, including the Silver Tower Order date2023-11-22
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Energy
Korea and Mongolia launch Rare Metals Cooperation Center
Trade, Industry and Energy Ministry’s Deputy Minister for Energy Policy Lee Ho-hyeon attended the Korea-Mongolia Rare Metals Cooperation Center launching ceremony on November 20 in Ulaanbaatar and stated in his message that he looks forward to seeing this project assist Mongolia in achieving high-value enhancement of its rare metals, while helping Korea strengthen its domestic supply chain. date2023-11-21
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Trade/Investment
Korean businesses embark on new chapter of expansion into Latin American market
The Ministry of Trade, Industry, and Energy (MOTIE) held the 27th Korea-Latin America Business Forum in Seoul, on November 20, to support the expansion of Korean enterprises into the Latin American market. Co-hosted by MOTIE, the Korea International Trade Association (KITA), the Korea Institute for International Economic Policy (KIEP), the Korean Council on Latin America & the Caribbean, and the International Construction Association of Korea, the event was attended by diplomatic delegations date2023-11-21
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Energy
Korea and Mongolia hold 1st Rare Metals Cooperation Committee meeting
Trade, Industry and Energy Ministry’s Deputy Minister for Energy Policy Lee Ho-hyeon attended the 1st Korea-Mongolia Rare Metals Cooperation Committee meeting on November 20 in Ulaanbaatar and discussed measures for cooperation and R&D in rare metals in the attendance of both countries’ government delegations. date2023-11-21
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Energy
Korea boosts rare metal collaboration with resource-rich Mongolia
The Ministry of Trade, Industry and Energy (MOTIE) and the Ministry of Foreign Affairs (MOFA) held the first Korea-Mongolia Rare Metals Cooperation Joint Committee meeting on November 20 in Ulaanbaatar. The committee is headed by Deputy Minister for Energy Policy Lee Ho-hyeon and the Mongolian delegation by Mongolia's Mining and Heavy Industry Minister Jambal Ganbaatar. The attendees discussed measures for bolstering cooperation in the supply chain of rare metals and other critical minerals. T date2023-11-21
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Trade/Investment
Trade Minister meets with Singapore Business Federation Chairman
Minister for Trade Dukgeun Ahn met with Lim Ming Yan, Chairman of the Singapore Business Federation, on November 21 in Singapore to discuss stronger bilateral corporate supply chain and digital cooperation and asked Singaporean companies’ support and participation in the Carbon Free (CF) Alliance initiative. date2023-11-21
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FTA/Economic Cooperation
Trade Minister meets Singapore's Trade & Industry Minister
Minister for Trade Dukgeun Ahn met Singapore’s Trade and Industry Minister Gan Kim Yong on November 21 in Singapore to discuss industrial cooperation and collaboration in new industries, such as electric vehicles (EVs), as well as joint response regarding the Indo-Pacific Economic Framework for Prosperity (IPEF) and the Carbon Free (CF) Alliance initiative. date2023-11-21
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Trade/Investment
Advanced industries' foreign investment contributors awarded at Foreign Company Day 2023
The Ministry of Trade, Industry and Energy (MOTIE) held Foreign Company Day 2023 on November 21 to award those who contributed to promoting foreign investment and to facilitate communication and exchanges with foreign-invested companies. Now in its 23rd year, Foreign Company Day 2023 was attended by approximately 300 persons, including members of diplomatic missions from various countries like Italy, Switzerland and the Czech Republic, as well as the representatives of the Japanese, Canadian a date2023-11-21
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Trade/Investment
Minister Bang attends ceremony declaring investments made by 4 U.S. companies
Trade, Industry and Energy Minister Bang Moon Kyu attended a ceremony on November 15 in San Francisco, held on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit meetings, for the declaration of $1.2 billion worth of investments made in Korea by four U.S. companies. The minister gave a message of encouragement and stated that the investments will greatly contribute to stabilizing Korea's semiconductor industry supply chain and strengthening the Korea-U.S. alliance in a date2023-11-21
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Trade/Investment
Korea and Singapore discuss cooperation in new industries and carbon neutrality
Minister for Trade Dukgeun Ahn held a trade ministers’ meeting with Singaporean counterparts on November 21 in Singapore and the two sides agreed to expand forward-looking cooperation in achieving carbon neutrality, supply chain and digital economy. The two countries are aiming to upgrade their economic cooperation in new industries and strengthen the intraregional economic security through attaining joint goals like net zero by 2050 and enhancing supply chain resiliency. Trade Minister date2023-11-21