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FTA/Economic Cooperation
Korea and EU announce the launch of Digital Trade Agreement negotiations
Minister for Trade Dukgeun Ahn and European Commission Executive Vice-President Valdis Dombrovskis announced on October 31 in Seoul the launch of the Korea-EU Digital Trade Agreement negotiations in the presence of both sides' delegations. date2023-11-03
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FTA/Economic Cooperation
Korea and EU issue joint statement on the launch of negotiations for Digital Trade Agreement
Minister for Trade Dukgeun Ahn and European Commission Executive Vice-President Valdis Dombrovskis issued a joint statement on October 31 in Seoul announcing the launch of the Korea-EU Digital Trade Agreement negotiations, on the occasion of the Korea-EU Free Trade Agreement (FTA) Trade Committee meeting held on the same day. It is anticipated that the beginning of negotiations for a digital trade agreement with EU, Korea’s third largest trade partner and the world’s third largest e date2023-11-03
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Industry
Industry, academia, and R&D experts come together at DXcon 2023
The Ministry of Trade, Industry and Energy (MOTIE) held the Industrial Digital Transformation Conference (DXcon) 2023 on November 1, where experts from industries, universities, and research institutes gathered to share achievements and explore future pathways in industrial digital transformation (DX). During the morning keynote speech and panel discussions, distinguished experts in digital transformation engaged in discussions under the theme of “The Present and Future Triggered by Indu date2023-11-03
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Industry
Korea and U.S. discuss collaboration on additive manufacturing (3D printing)
The Ministry of Trade, Industry and Energy (MOTIE) the U.S. Department of Commerce (DOC) held the “Additive Manufacturing Industry Showcase” on October 31 for cooperation on additive manufacturing (3D printing). This event was orchestrated to foster mutual understanding and explore cooperative measures in the additive manufacturing sectors of both countries, following the Korea-U.S. Supply Chain Industrial Dialogue (SCCD) held last April. The SCCD is a communication channel between date2023-11-03
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FTA/Economic Cooperation
Korea and EU hold 11th FTA Trade Committee Meeting
Minister for Trade Dukgeun Ahn attended the 11th Korea-EU Free Trade Agreement (FTA) Trade Committee Meeting on October 31 at the Four Seasons Hotel Seoul to assess the FTA implementation progress and discuss trade issues, including the EU's Carbon Border Adjustment Mechanism (CBAM). The meeting was attended by European Commission Executive Vice-President Valdis Dombrovskis and both sides’ delegations. date2023-11-02
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FTA/Economic Cooperation
Korea and EU assess FTA implementation progress & discuss trade issues
Minister for Trade Dukgeun Ahn and European Commission Executive Vice-President Valdis Dombrovskis chaired the 11th Korea-EU Free Trade Agreement (FTA) Trade Committee Meeting on October 31 in Seoul to assess the FTA implementation progress and discuss trade issues, including the EU's Carbon Border Adjustment Mechanism (CBAM). In presiding the 11th Korea-EU FTA Trade Committee meeting, the trade chiefs of Korea and the EU assessed the FTA implementation progress and agreed to expand free trade date2023-11-02
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Energy
Korea aims to rank among global top 3 ESS powerhouses
Trade, Industry and Energy Vice Minister Kang Kyungsung visited the LS ELECTRIC Global R&D Campus in Anyang-si, Gyeonggi-do, on October 31 amid the growing emphasis on the role of energy storage systems (ESS) in accordance with the increasing use of renewable energy. At LS ELECTRIC, Vice Minister Kang first toured the manufacturing site for the company’s newly developed power conversion system (PCS), which is a core component for ESS and exported to the U.S., and encouraged the employ date2023-11-02
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Energy
4th Korea-Germany Hydrogen Conference held in Seoul
Trade, Industry and Energy Vice Minister Kang Kyungsung attended the Korea-Germany Hydrogen Conference held through October 31-November 1 at the EL Tower in Seoul for expanding the scope of bilateral cooperation in hydrogen policies, industries and technology. Participants shared information on industrial and technological trends of hydrogen policies, hydrogen production, distribution and utilization, as well as measures for cooperation across the hydrogen ecosystem. Co-organiz date2023-11-02
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Energy
Korea and Germany strengthen cooperation in clean hydrogen
Trade, Industry and Energy Vice Minister Kang Kyungsung attended the Korea-Germany Hydrogen Conference held through October 31-November 1 at the EL Tower in Seoul for expanding the scope of bilateral cooperation in hydrogen policies, industries and technology. Co-organized by Germany’s Fraunhofer Center for International Management and Knowledge Economics and H2KOREA, the conference was attended by approximately 100 experts of both countries’ governments, hydrogen-related corporatio date2023-11-02
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Energy
Korea and Germany to strengthen cooperation in advanced industries & carbon neutrality
Minister for Trade Dukgeun Ahn met Udo Philipp, State Secretary for Germany’s Federal Ministry of Economic Affairs and Climate Action, on October 30 at the Lotte Hotel Seoul to discuss bilateral cooperation measures in advanced industries and achieving carbon neutrality, and asked support for World Expo 2030 Busan. Noting the 140th anniversary of diplomatic relations between Korea and Germany, Trade Minister Ahn assessed that Korea and Germany, through the free trade agreement, developed date2023-11-02