Ministry of Trade, Industry and Energy

Korea and Chile hold critical minerals business roundtable

Trade, Industry and Energy Vice Minister Namho Choe met with Chile’s Mining Minister Aurora Williams on June 11 in Seoul to discuss cooperation in critical minerals like lithium and copper and held a Korea-Chile critical minerals business roundtable on the sidelines to facilitate information sharing for Korean firms seeking to enter the Chilean market.   The Korea-Chile roundtable is a follow-up to the Korea-Chile Resource Cooperation Committee meeting held this May to strengthen private sectors’ cooperation in critical minerals. The Committee meeting was held after a 12-year hiatus to activate intergovernmental discussions on lithium salt flat development procedures, tailings recycling, and lithium extraction technology cooperation.   Participating in the roundtable were Korean companies interested in energy transition and eco-friendly projects, including EcoPro Innovation, SK enmove, Korea Zinc, LS MnM, LX International, POSCO Holdings, and Hyundai Motor. They discussed key issues and made suggestions and requests to the Chilean government, which introduced its critical minerals policies and investment procedures.   Vice Minister Choe remarked that the bilateral business roundtable, held on the heels of the Resource Committee meeting, has helped bolster the two countries’ critical minerals supply chain cooperation a step further and asked for continued effort of their governments on tailings recycling and lithium extraction technology, and of companies concerning Chile’s supply chain diversification of lithium, copper, and other critical minerals. date2024-06-11

Korea and Malaysia to kickstart CCS cooperation

Director General for Energy Policy Choi Yeon-woo met Malaysia’s Deputy Secretary General for the Ministry of Economy Luqman Ahmad on June 10 in Seoul to discuss carbon capture and storage (CCS) cooperation between the two countries.   The meeting between the Korean and Malaysian CCS policy officials was arranged on the occasion of their participation in the Shepherd CCS Summit, organized by Samsung E&A.   Addressing the importance of CCS in achieving the nationally determined contributions (NDCs), Director General Choi requested the Malaysian Economy Ministry’s active support and interest towards establishing the public-private joint Shepherd CCS Project as a global anchor project.   Both sides agreed on the need for a bilateral agreement on cross-border transport and storage of CO2 between the two countries and decided to further intergovernmental discussions while factoring in the two countries’ institutional conditions, as well as related international rules and agreements.   During the presentation session, Korea and Malaysia’s government officials called attention to CCS policies to the participating representatives of the two countries' industries, academia, and research institutes. MOTIE introduced Korea’s CCS industry nurturing policy and highlighted plans for securing key technology and talents, nurturing specialization companies, creating markets early on by securing domestic and overseas storage sites, and fostering a sustainable ecosystem. date2024-06-10

Korea-Africa Business Summit 2024 Closing Ceremony

Trade, Industry and Energy Minister Dukgeun Ahn attended the Korea-Africa Business Summit Closing Ceremony on June 5 in Seoul and gave a closing address to the Korean and African governments’ officials, economic groups and companies’ representatives. date2024-06-07

Trade Minister meets KKR Co-CEO

Minister for Trade Inkyo Cheong met with Joseph Bae, Co-CEO of KKR & Co. Inc, on the margins of the IPEF Clean Economy Investor Forum on June 6 in Singapore and discussed investment in Korea’s clean infrastructure and climate tech startups, and KKR’s investment interests in Korean firms. date2024-06-07

Minister Ahn meets Zimbabwe’s Minister of Foreign Affairs and International Trade

Trade, Industry and Energy Minister Dukgeun Ahn met with Zimbabwe’s Minister of Foreign Affairs and International Trade Frederick Shava on June 5 in Seoul on the margins of the Korea-Africa Summit 2024 and discussed trade and investment cooperation and signed the bilateral Trade and Investment Promotion Framework (TIPF) agreement. date2024-06-07

Minister Ahn meets with Central African Republic ministers

Trade, Industry and Energy Minister Dukgeun Ahn met with Minister of Trade and Industry of the Central African Republic Thierry Patrick Akoloza and Minister of Water, Forests, Hunting and Fishing Gervais Mbata on June 5 in Seoul on the margins of the Korea-Africa Summit 2024 and discussed economic and minerals cooperation. date2024-06-07

Minister Ahn meets Nigeria's Industry, Trade and Investment Minister

Trade, Industry and Energy Minister Dukgeun Ahn met with Doris Uzoka-Anite, Minister of Industry, Trade and Investment of the Federal Republic of Nigeria, on June 5 in Seoul on the margins of the Korea-Africa Summit 2024 and discussed measures for cooperation in trade, investment, and the Trade and Investment Promotion Framework (TIPF). date2024-06-07

Trade Minister attends IPEF Clean Economy Investor Forum Ministerial

Minister for Trade Inkyo Cheong attended the IPEF Clean Economy Investor Forum's ministerial talks on June 6 in Singapore and signed the IPEF Agreements for Clean Economy, Fair Economy, and the overarching IPEF Agreement and discussed outcome evaluation and future plans with partner countries’ counterparts. date2024-06-07

Minister Ahn meets Ghana’s Minister of Trade and Industry

Trade, Industry and Energy Minister Dukgeun Ahn met with Ghana’s Minister of Trade and Industry Kobina Tahir Hammond on June 5 on the margins of the Korea-Africa Summit 2024 in Seoul and discussed bilateral economic and development cooperation measures and signed the Korea-Ghana Trade and Investment Promotion Framework (TIPF) agreement. date2024-06-07

Trade Minister meets Thailand's Minister of Foreign Affairs

Minister for Trade Inkyo Cheong met with Thailand's Minister of Foreign Affairs Maris Sangiampongsa on June 6 on the margins of the Clean Economy Investor Forum in Singapore and discussed bilateral investment relations and cooperation through EPA and IPEF. date2024-06-07