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Korea hosts Global Bio & Pharma Plaza 2023
The Ministry of Trade, Industry and Energy (MOTIE) is hosting the Global Bio & Pharma Plaza 2023 (GBPP 2023) from September 14-15 in Jamsil, organized by Korea Trade-Investment Promotion Agency (KOTRA) and the Korea Pharmaceutical Traders Association (KPTA). Approximately 200 companies, including 100 overseas buyers like Merck and other big pharma companies from 31 countries, gather at the Lotte Hotel World in Jamsil to participate in over 900 export consultations with Korean firms. An Open date2023-09-14
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Korea holds H2 MEET 2023
The Ministry of Trade, Industry and Energy (MOTIE) announced on September 13 that the world’s largest hydrogen exhibition H2 MEET 2023 is held through September 13-15 at the Korea International Exhibition Center (KINTEX) in Ilsan, Gyeonggi Province. H2 MEET 2023 introduces outstanding products and technologies in areas of hydrogen production, storage, transportation and utilization developed by 303 companies and institutions from 18 countries around the world. The exhibition features mo date2023-09-14
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Korea and Mongolia discuss measures to strengthen rare metals cooperation
Trade, Industry and Energy Vice Minister Kang Kyungsung met with Mongolia’s Mining and Heavy Industry Minister Jambal Ganbaatar on September 12 in Seoul to discuss measures for strengthening Korea-Mongolia cooperation in rare metals. Mongolia is a resource-rich home to molybdenum, pewter and other various rare metals, with a notably large reserve of rare earth minerals. As follow-up to the memorandum of understanding (MOU) signed in February between Korea’s Ministry of Trade, Indus date2023-09-13
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Korea and Uzbekistan sign TIPF deal
Deputy Minister for Trade Jeong Dae-jin met with Uzbekistan’s Investment, Industry and Trade Deputy Minister Khamrayev Oybek Nematovich on September 12 at the Lotte Hotel Seoul, where they signed the Korea-Uzbekistan Trade and Investment Promotion Framework (TIPF) agreement, Korea’s seventh TIPF deal and a first with a Central Asian country. The TIPF is a new cooperation framework on which MOTIE is placing emphasis lately, a mechanism that can expand mutual economic cooperation and date2023-09-12
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Korea participates in the 5th round of IPEF negotiations
The Ministry of Trade, Industry and Energy (MOTIE) announced on September 11 that MOTIE’s Deputy Minister for FTA Negotiations Roh Keon-ki is heading the Korean delegation in the fifth round of the Indo-Pacific Economic Framework for Prosperity (IPEF) negotiations held from September 10-16 in Bangkok, Thailand. Fourteen countries are participating in this round: Korea, the U.S., Japan, Australia, New Zealand, Singapore, Thailand, Vietnam, Brunei, Malaysia, the Philippines, Indonesia, Indi date2023-09-12
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Korea and Western Australia discuss measures for stronger energy supply chain cooperation
The Ministry of Trade, Industry and Energy (MOTIE)’s Vice Minister Kang Kyungsung met with Western Australia’s Premier Roger Cook on September 8 in Seoul to discuss measures for cooperation in energy areas like CCS (carbon capture and storage), clean hydrogen, ammonia, green steel, critical minerals, and natural gas, as well as a Korea-Western Australia memorandum for understanding (MOU) in energy cooperation. A number of Korean firms like SK E&S and GS Caltex plan to carry out date2023-09-11
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Korea and Indonesia enter 2 MOUs on EV ecosystem & new industries
The Ministry of Trade, Industry and Energy (MOTIE) signed two memorandums of understanding (MOUs) with the Indonesian government on the occasion of the Korea-Indonesia summit talks on September 8 in Jakarta for expanding cooperation on fostering the electric vehicle (EV) ecosystem (including electric two-wheelers) and for cooperation in nurturing future industries like bio and root industry. First, MOTIE entered the EV Ecosystem Cooperation MOU with Indonesia’s Coordinating Ministry for E date2023-09-08
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Korea and Indonesia sign 16 agreements in areas including nuclear energy & mobility
Minister for Trade Dukgeun Ahn and Indonesia’s Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan attended a signing ceremony on September 7 for the signing of a total of 16 agreements, including a memorandum of understanding (MOU), between Korean and Indonesian companies during the Business Roundtable held on the occasion of Korean President Yoon Suk Yeol attending the ASEAN Summit 2023 in Jakarta. Approximately 40 representatives of the two countries' economic group date2023-09-08