Ministry of Trade, Industry and Energy

Korea discusses expanding trade cooperation with G20 countries

The Republic of Korea’s Minister for Trade Dukgeun Ahn held bilateral talks with trade ministers of nine major countries as well as the World Trade Organization (WTO) Director-General on the occasion of the G20 Trade and Investment Ministerial Meetings (TIMM) held in Jaipur, India, through August 24-25. Trade Minister Ahn first held talks with the U.S. Trade Representative Katherine Tai and reconfirmed the willingness to commit to advancing the Indo-Pacific Economic Framework for Prosperi date2023-08-25

Korea and Poland discuss measures to bolster trade and industrial cooperation

The Republic of Korea’s Trade, Industry and Energy Minister Chang-Yang Lee held talks with Poland’s Economic Development and Technology Minister Waldemar Buda on August 23 in Seoul to discuss trade, investment, EU laws and measures for bolstering cooperation between the two countries. The two ministers agreed that on the occasion of the state visit made in July, Korea-Poland trade and investment cooperation base, as well as cooperation in nuclear energy, defense and infrastruct date2023-08-24

Korea to speak on inclusive trade & supply chain resiliency at G20 meeting

The Republic of Korea’s Minister for Trade Dukgeun Ahn will attend the G20 Trade and Investment Ministerial Meeting (TIMM) in Jaipur, India, from August 24-25 to discuss inclusive trade, World Trade Organization (WTO) reform, trade and investment for global value chain resiliency, small and medium-sized companies’ participation in international trade, and trade logistics, among other agenda items with G20 member states’ trade ministers. In the first session on the theme of mul date2023-08-24

Korea and ASEAN to expand economic cooperation via solidarity initiative

Minister for Trade Dukgeun Ahn and the Korean delegation attended the ASEAN Economic Ministers’ Meeting from August 20-22 in Semarang, Indonesia, and held bilateral, multilateral meetings with counterparts from the U.S., China, Japan and India to review agenda items for the upcoming ASEAN summit meeting to be held in September in Jakarta and to discuss measures for promoting regional trade and business. The Korean delegation explained in detail the economic cooperation measures in accorda date2023-08-23

Korea holds Global Talent Fair 2023

The Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) and Ministry of Employment and Labor (MOEL) co-host the Global Talent Fair 2023 from August 21-22 at COEX in Seoul. Merging three major job fairs into one, Global Talent Fair 2023 is the largest single job fair to be held in Korea, with 382 firms managing their own recruitment booths where job seekers can visit their company of interest and consult with the human resources (HR) manager, leading to actual job interviews date2023-08-21

Korea to push R&D projects to secure cutting-edge technologies

The Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) Vice Minister Youngjin Jang chaired the Industrial Technology R&D Strategy Meeting on August 17 at the Korea Chamber of Commerce and Industry (KCCI) and led discussions on the direction of investment and improvement of industrial technology R&D for 2024, as well as measures to expand the scope of international joint R&D projects. The meeting was attended by representatives from relevant institutes, includin date2023-08-21

Korea attends 13th APEC Energy Ministerial Meeting in Seattle

  The Republic of Korea’s Energy Industry Deputy Minister Cheon Young-gil headed the Korean delegation participating in the 13th Asia-Pacific Economic Cooperation (APEC) Energy Ministerial Meeting from August 15-16 held in Seattle, U.S., breaking the eight-year hiatus following the previous APEC energy ministerial meeting. Korea, the U.S., Canada, Japan, China, Russia, Taiwan, Australia, Indonesia and Malaysia were among the 21 economies that gathered to discuss measures for 1) expa date2023-08-18

Korea's automobile exports record $5.9 bln in July

The Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) announced on August 17 that Korea’s automobile exports for July reached a total of USD 5.9 billion, recording a historic high for July monthly exports. The accumulated value of automobile exports from January to July reached $41.6 billion, entering the $40 billion thresholds within the shortest amount of time in Korea’s vehicle exporting history. The number of exported Korean cars grew 2.8 percent to 228,9 date2023-08-17