Ministry of Trade, Industry and Energy

Korea to host ASEM Economic Ministers’ Meeting in September in Seoul

The Ministry of Trade, Industry and Energy announced on January 24 that Korea will host the seventh ASEM (Asia-Europe Meeting) Economic Ministers’ Meeting on September 21 and 22 in Seoul.   The ASEM Economic Ministers’ Meeting gathers trade and economy ministers from across Asia and Europe to promote trade and investment between the regions and discuss economic cooperation. Korea will host the first meeting of trade ministers in nearly 12 years since the last meeting in 2005 i date2017-01-24

Minister Joo attends WTO Ministerial Gathering in Davos

The Ministry of Trade, Industry and Energy announced January 23 that Trade, Industry and Energy Minister Joo Hyunghwan attended on the informal World Trade Organization (WTO) Ministerial Gathering on January 20 in Davos, Switzerland.    The informal meeting of ministers from the WTO member countries is hosted every year by the Swiss government in the fringes of the World Economic Forum Annual Meeting in Davos. At this year’s meeting, ministers from 29 WTO members and the WTO Di date2017-01-23

Minister Joo attends World Economic Forum Annual Meeting in Davos

The Ministry of Trade, Industry and Energy announced on January 20 that Trade, Industry and Energy Minister Joo Hyunghwan attended the 47th Annual Meeting of the World Economic Forum in Davos, Switzerland, from January 17 to 19.   At this year’s Davos forum, with the theme of “Responsive and Responsible Leadership,” Minister Joo attended the opening ceremony where Chinese President Xi Jinping delivered a keynote speech and participated as a main panelist in various sessi date2017-01-20

Vice Minister Woo hosts 4th meeting of task force for Korea-China trade issues

The Ministry of Trade, Industry and Energy announced on January 17 that it hosted the fourth meeting of the pan-government task force on Korea-China trade issues to review the latest concerns raised by domestic industries.     Trade, Industry and Energy Vice Minister Woo Taehee presided the meeting, which was joined by officials from other relevant ministries including the Ministry of Foreign Affairs and the Ministry of Culture, Sports and Tourism as well as representatives from vari date2017-01-17

Industrial materials, components exports return to growth in 4Q

The Ministry of Trade, Industry and Energy announced on January 16 that exports of industrial materials and components returned to growth in the fourth quarter last year after six quarters of contraction.    Exports of materials and components rose by 2 percent to USD 66.3 billion from the same quarter of 2015, on the back of the recovery of export prices to positive territory for the first time in two years.   Imports in the sectors rebounded along in the fourth quarter, up 1 date2017-01-16

Korea, China hold 1st FTA Joint Committee meeting in Beijing

The Ministry of Trade, Industry and Energy announced on January 13 that the Korea-China Free Trade Agreement (FTA) Joint Committee held the first meeting in Beijing, China to review the implementation of the bilateral trade pact, one year after it entered into force in December 2015.    The high-level Joint Committee, established under the Korea-China FTA, oversees its implementation and resolves trade-related issues. Its first meeting was co-chaired by Director General for Trade Coo date2017-01-13

Korea, U.S. host 4th KORUS FTA Joint Committee meeting in Seoul

The Ministry of Trade, Industry and Energy announced on January 12 that the fourth meeting of the Korea-U.S. Free Trade Agreement (KORUS FTA) Joint Committee was held in Seoul to review the implementation of the bilateral trade pact.    The fourth meeting of the high-level Joint Committee, established under the KORUS FTA, was attended by Deputy Minister for Trade, Ministry of Trade, Industry and Energy Lee Inho, Assistant U.S. Trade Representative for Japan, Korea and APEC Michael Be date2017-01-13

Korea, China, Japan agree to accelerate FTA talks

The Ministry of Trade, Industry and Energy announced on January 12 that top trade officials from Korea, China and Japan agreed at a meeting held in Beijing last Monday to Wednesday to accelerate the free trade negotiations for the 11th round of Korea, China, Japan FTA talks.  The meeting, as the first trilateral high-level negotiation held since June last year, was attended by Deputy Minister for Trade Negotiations Lee Sang-jin of the Ministry of Trade, Industry and Energy, and his counter date2017-01-12