Ministry of Trade, Industry and Energy

Korea and Canada sign Critical Minerals Supply Chain Cooperation MOUs

Trade, Industry and Energy Minister Lee Chang-yang attended the business MOU signing ceremony for ROK-Canada Critical Minerals Supply Chain Cooperation held on September 22 in Toronto to discuss the importance of expanding the scope of bilateral critical minerals cooperation and joint response against global supply chain crises. A total of four MOUs were signed, including three MOUs between Korea’s LG Energy Solution and three Canadian companies (Avalon, Electra, Snow Lake) on cooperation date2022-09-26

Korea and Canada renew Industrial Technology & Innovation Partnership MOU

Trade, Industry and Energy Minister Lee Chang-yang, on the occasion of President Yoon Suk-yeol’s state visit, held a luncheon meeting with Canada's Innovation, Science and Industry Minister Francois-Philippe Champagne on September 23 at the Sheraton Ottawa Hotel in Canada to discuss bilateral cooperation in supply chain and industrial collaboration. The two Ministers concurred that ROK-Canada’s technology and investment cooperation is continuously deepening amid global supply chain date2022-09-26

MOTIE holds North American Investment Notification Ceremony and Investors Roundtable

The Ministry of Trade, Industry and Energy (MOTIE) held the North American Investment Notification Ceremony and Investors Roundtable on September 22 (local time) at the JW Marriott Essex House in New York on the occasion of South Korea’s President Yoon Suk-yeol’s first visit to the U.S. The Ministry announced that the event had drawn a total of USD 1.15 billion in investment from seven companies for the development of Korea’s strategic technology supply chain items like date2022-09-23

Trade Minister attends Trade, Investment & Industry Ministerial G20 Meeting

Trade Minister Ahn Duk-geun attended the Trade, Investment and Industry Ministerial G20 Meeting held in Bali, Indonesia on September 21-23 to discuss supply chain reinforcement, digital trade, WTO reform and green investment. Bilateral talks with the U.S., Indonesia, India and several other G20 member states were also held on the sidelines. For each agenda, Minister Ahn relayed South Korea’s contributory efforts, policy directions under the new regime, and future joint measures to pu date2022-09-23

7th round of ROK-Ecuador SECA negotiations

The Ministry of Trade, Industry and Energy (MOTIE) announced on September 20 that the seventh round of negotiations for ROK-Ecuador SECA (Strategic Economic Cooperation Agreement) will be held through September 20-October 5 via videoconferencing. The bilateral SECA negotiations were restarted in Seoul after a six-year hiatus, and the talks saw substantial progress in narrowing the opinion gap despite a rather long break. The seventh round of negotiations will be held entirely via videoconferen date2022-09-20

Minister attends International Forum on Resilient and Stable Industrial Supply Chains

Trade, Industry and Energy Minister Lee Chang-yang attended the International Forum on Resilient and Stable Industrial Supply Chains held in China by videoconferencing on September 19 and gave a congratulatory message for its opening ceremony. The forum was first proposed by China during the G20 meetings in October 2021, and hosted by the Ministry of Industry and Information Technology (MIIT) on September 18-19, with the participation of international organizations and various countries’ date2022-09-20

Outcomes of ASEAN Ministers’ Meetings

Trade Minister Ahn Duk-geun attended the ASEAN Ministers’ Meetings held through September 16-18 in Siem Reap, Cambodia to discuss ROK-ASEAN FTA enhancement, industrial technology, digital, climate change response and RCEP utilization. Minister Ahn also held bilateral talks with the Philippines, Australia and New Zealand on various trade issues and requested support for World EXPO 2030 Busan. These ASEAN Ministerial meetings were the first in-person talks in three years since the COVID-19 date2022-09-19

MOTIE attends ASEAN energy meetings

The Ministry of Trade, Industry and Energy (MOTIE)’s Energy Policy Director-General Lee Won-ju attended the 16th East Asia Summit (EAS) and 19th ASEAN+3 Energy Ministers’ Meeting on September 16 to discuss energy security reinforcement and clean energy expansion with counterparts from ASEAN and Northeast Asia. At the EAS, Director-General Lee emphasized the urgency of global energy market stabilization and energy security reinforcement, and expressed agreement to the need for clean date2022-09-19