Ministry of Trade, Industry and Energy

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

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

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

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

Korea and UAE hold official negotiation round for CEPA

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 2 that Korea and the United Arab Emirates (UAE) are holding the official round of negotiations for the Comprehensive Economic Partnership Agreement (CEPA) through October 2-5 in Seoul. The Korean delegation is headed by MOTIE’s Director General for FTA Negotiations Chang Sung-gil and composed of approximately 30 relevant ministries’ officials, including those from the Ministry of Economy and Finance (MOEF), Mini date2023-10-05

Trade Minister visits Tajikistan and Kazakhstan

Minister for Trade Dukgeun Ahn visited the Republic of Tajikistan to attend the international investment forum 'DUSHANBE-2023' from September 29-30, where he met Tajikistan’s government representatives and held discussions on the Trade and Investment Promotion Framework (TIPF) and promising areas for cooperation between the two countries. On the occasion of the forum, Minister Ahn held talks with a number of Tajikistan’s government representatives, including Prime Minister Kokhir Ra date2023-10-04

Korea raises concerns over EU’s decision to fully regulate PFAS

In response to the proposed restriction of all per- and polyfluoroalkyl substances (PFAS) by the European Union (EU)'s European Chemicals Agency (ECHA), the Ministry of Trade, Industry and Energy (MOTIE) and the Korea Agency for Technology and Standards (KATS) submitted comments to the ECHA and the World Trade Organization's Technical Barriers to Trade (WTO TBT) Enquiry Point, respectively on September 25. PFAS are known to be persistent in the environment and human body because they are not ea date2023-10-04

Korea and Cape Verde discuss measures for agricultural, energy and trade cooperation

Trade, Industry and Energy Minister Bang Moon Kyu visited Cape Verde from September 29-30 as his first destination upon taking office for promotion of the World Expo 2030 Busan, the first ministerial-level high-level visit from Korea to the said West African country. Visiting as Korea’s Presidential envoy, Minister Bang was accompanied by an economic delegation of 31 persons consisting of public and private personnel of relevant government ministries, agencies and companies, including Kor date2023-10-04