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Trade/Investment
Korea and Grenada discuss cooperation in renewable energy & trade
Trade, Industry and Energy Minister Bang Moon Kyu, on the occasion of the annual high-level forum on the Korea-Caribbean partnership on October 11 in Seoul, held talks with Grenada’s Mobilization, Implementation and Transformation Minister Andy Williams on bilateral cooperation in trade, economy, renewable energy and development, and also requested support for World Expo 2030 Busan. date2023-10-11
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FTA/Economic Cooperation
Korea and Ecuador announce joint statement on signing of SECA deal
Trade, Industry and Energy Minister Bang Moon Kyu and Ecuador’s Production, Foreign Trade, Investments and Fisheries Minister Daniel Legarda signed the joint statement announcing the conclusion of the negotiations for the Korea-Ecuador Strategic Economic Cooperation Agreement (SECA) on October 11 at the Lotte Hotel Seoul. date2023-10-11
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FTA/Economic Cooperation
Korea meets with Caribbean countries for industrial & climate change cooperation
Trade, Industry and Energy Minister Bang Moon Kyu, on the occasion of the annual high-level forum on the Korea-Caribbean partnership on October 11 in Seoul, held talks with Belize’s Sustainable Development Minister Orlando Habet and Grenada’s Mobilization, Implementation and Transformation Minister Andy Williams, respectively, and discussed bilateral cooperation as well as measures to bolster the Korea-Caribbean partnership. With Belizean Minister Habet, Minister Bang emphasized the date2023-10-11
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FTA/Economic Cooperation
Korea and Ecuador announce joint statement on signing of SECA deal
Trade, Industry and Energy Minister Bang Moon Kyu and Ecuador’s Production, Foreign Trade, Investments and Fisheries Minister Daniel Legarda signed the joint statement announcing the conclusion of the negotiations for the Korea-Ecuador Strategic Economic Cooperation Agreement (SECA) on October 11 at the Lotte Hotel Seoul. The Korea-Ecuador SECA joint statement is as follows: JOINT STATEMENT ON THE CONCLUSION OF NEGOTIATIONS FOR THE STRATEGIC ECONOMIC COOPERATION AGREEMENT BET date2023-10-11
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Trade/Investment
Korea makes final spurt with 50 days until final vote for World Expo 2030
The Republic of Korea’s Prime Minister Han Duck-soo is heading the visit to four European countries from October 8-15 for a series of promotion of the World Expo 2030 Busan, starting with Paris, France, with approximately 50 days remaining until the final vote for selecting the World Expo 2030 candidate winner. In Paris, Prime Minister Han is directing the official symposium for World Expo 2030 Busan through October 9-10, attended by approximately 200 key figures, including Korea Chamber date2023-10-10
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FTA/Economic Cooperation
Korea and Ukraine discuss cooperation measures for reconstruction
Minister for Trade Dukgeun Ahn met with the Korea-Ukraine Parliamentarians' Friendship Association delegation on October 6 in Seoul to discuss bilateral economic cooperation measures. The meeting was attended by Ukrainian lawmakers Andriy Nikolaenko, Sergiy Taruta and Ukrainian Ambassador to South Korea Dmytro Ponomarenko. Trade Minister Ahn expressed condolences towards the Ukrainian people suffering from the Russia-Ukraine war, and stated that Korea is prepared to uncover and launch joint pro date2023-10-10
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Energy
Vice Minister and Greek Deputy Foreign Minister discuss energy cooperation
Trade, Industry and Energy Vice Minister Kang Kyungsung met with Greek Deputy Foreign Minister for Economic Diplomacy and Openness Kostas Fragogiannis on October 5 in Seoul to discuss measures for bilateral cooperation in clean energy. date2023-10-10
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Trade/Investment
Trade Minister discusses economic cooperation with Greek Deputy Foreign Minister
Minister for Trade Dukgeun Ahn met with Greek Deputy Foreign Minister for Economic Diplomacy and Openness Kostas Fragogiannis on October 5 in Seoul to discuss measures to advance bilateral economic cooperation in trade and investment, and requested support for World Expo 2030 Busan. date2023-10-10
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Energy
Korea and Greece discuss industrial, trade and energy cooperation
Trade, Industry and Energy Minister Bang Moon Kyu met with Greek Deputy Foreign Minister for Economic Diplomacy and Openness Kostas Fragogiannis on October 5 in Seoul to discuss measures to advance bilateral economic cooperation in trade, investment and eco-friendly shipbuilding, and requested support for World Expo 2030 Busan. Assessing highly of the fact that the two countries have established a successful partnership in the shipbuilding industry lasting over a half-decade, Minister Bang agre date2023-10-05
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Trade/Investment
FDI pledged to Korea in Q3 jump 11.3%
The Ministry of Trade, Industry and Energy (MOTIE) announced on October 4 that foreign direct investments (FDIs) pledged to Korea in the third quarter of 2023 (Jan-Sep, acc.) jumped 11.3 percent year-on-year to a record-breaking USD 24.0 billion. FDIs that actually arrived in Korea over the same period also climbed 20.2 percent to an all-time high of $13.9 billion. The number of pledges increased, while that of arrivals decreased. The number of pledges reached 2,522 (up 11.3 percent) and a date2023-10-05