Ministry of Trade, Industry and Energy

Korea and Vietnam to push critical minerals supply chain cooperation in earnest

Trade, Industry and Energy Minister Bang Moon Kyu met with Vietnam’s Industry and Trade Minister Nguyen Hong Dien on December 7 at the Shilla Seoul to hold the 13th Korea-Vietnam Industrial Joint Committee and 7th Korea-Vietnam FTA Joint Committee meetings, where they discussed measures for stronger economic cooperation. During the Industrial Joint Committee meeting, the two leaders agreed to push forward the establishment of a critical minerals supply chain center and cooperati date2023-12-07

Korea to enhance standards cooperation with Germany and Czech Republic

Jin Jong-wook, President of the Korean Agency for Technology and Standards (KATS) under the Ministry of Trade, Industry and Energy (MOTIE), attended the Korea-Germany Standards Cooperation Forum on December 7 at the Maritim Hotel Frankfurt in Germany, together with the heads of the German Institute for Standardization (DIN) and the German Commission for Electrotechnical, Electronic & Information Technologies of DIN and VDE (DKE) as part of follow-up measures to the Korea-Germany summit held date2023-12-07

Bio MPE firms set out to take on global supply chain cooperation

Trade, Industry and Energy Vice Minister Youngjin Jang chaired the Bio MPE Global Supply Chain Conference on December 7 at the Westin Josun Seoul to inspect Korea’s current bio MPE (materials, equipment, parts) investment situation and issues, and led discussions on global supply chain cooperation. The Bio MPE Solidarity Cooperation Consultative Group (“Group”) is a public-private joint organization launched in September 2020 to build up the momentum for cooperation between Ko date2023-12-07

Korea and Bulgaria discuss measures for stronger trade and industrial cooperation

Minister for Trade Dukgeun Ahn met with Bulgaria’s Economy and Industry Minister Bogdan Bogdanov on December 6 in Seoul and discussed measures for stronger economic, trade, investment and industrial cooperation between the two countries. Noting that the two countries' collaboration, which used to revolve around photovoltaic power generation, is recently diversifying and expanding to other areas like automotive parts, Trade Minister Ahn said that he looks forward to their future cooperatio date2023-12-06

Korea holds roundtable for spreading CFE initiatives on sidelines of COP28

The Ministry of Trade, Industry and Energy (MOTIE) announced that it hosted a roundtable, organized by the Carbon Free (CF) Alliance, on December 5 in the United Arab Emirates (UAE) on the sidelines of the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP28) for promoting the global diffusion of the carbon-free energy initiatives led by the CF Alliance. The roundtable was held to promote Korea’s carbon-free energy (CFE) initiatives to the i date2023-12-06

Korea to launch global projects to secure 180 vital and proprietary technologies

Trade, Industry and Energy Minister Bang Moon Kyu chaired the Chief Technology Officers’ Conference on December 5 at the Four Seasons Hotel Seoul with the chief technology officers (CTOs) of major companies and presented the Comprehensive Strategy for Global Technology Cooperation. Beginning 2024, the Ministry of Trade, Industry and Energy (MOTIE) plans to swiftly secure 80 “super gap” technologies and 100 industrial proprietary technologies by launching joint R&D projects date2023-12-05

Korea and EU hold 1st Industrial Supply Chain Policy Dialogue meeting

Trade, Industry and Energy Vice Minister Youngjin Jang and Kerstin Jorna, Director General of the European Commission’s Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW), held the first Korea-EU Industrial Supply Chain Policy Dialogue meeting on December 5 via videoconferencing, as follow-up to the agreement made in May on the occasion of the Korea-EU summit to expand the Korea-EU Industrial Policy Dialogue, launched in 2013, to cover cooperation in the date2023-12-05

Korea and China to strengthen service and supply chain cooperation through FTA

Minister for Trade Dukgeun Ahn led the Korean delegation in the fifth Korea-China Free Trade Agreement (FTA) Joint Committee meeting on December 4 in Beijing to discuss measures for expanding bilateral economic cooperation. The Chinese delegation was headed by International Trade Representative Wang Shouwen. With this year marking the ninth year since the FTA entered into force, Korea and China are seeing their bilateral trade volume increase 36.5 percent year-on-year in 2023. In commemoration date2023-12-04