Ministry of Trade, Industry and Energy

Korean delegation participates in the 7th IPEF negotiating round

Trade, Industry and Energy Ministry’s Deputy Minister for Trade Negotiations Roh Keon-ki is heading the Korean delegation from November 5-12 in the seventh round of official in-person negotiations for the Indo-Pacific Economic Framework for Prosperity held in San Francisco, U.S. The Korean delegation is composed of representatives of approximately 20 government ministries. The seventh negotiating round was launched 10 days on the heels of the sixth negotiating round held in Malaysia date2023-11-07

Invest Korea Summit 2023 launched in Busan

The Ministry of Trade, Industry and Energy (MOTIE) is hosting the Invest KOREA Summit (IKS) 2023 through November 6-8 in Busan. As Korea’s largest foreign investment promotion event, IKS this year is to draw approximately 1,500 participants from both Korean and overseas companies, Chambers of Commerce, Government ministries and local government bodies. The Korean government plans to not only share the investment outcomes achieved thus far, but also present a vision of nurturing Korea into date2023-11-06

Korea to kick off official negotiations with Georgia for EPA

Minister for Trade Dukgeun Ahn and Georgia’s Deputy Minister of Economy and Sustainable Development Genadi Arveladze announced the commencement of the official negotiation process for the Korea-Georgia Economic Partnership Agreement (EPA) in Seoul on November 2. This declaration comes about a month after Korea's initial proposal for an EPA was presented to the National Assembly in September, marking the launch of discussions with Georgia focused on extensive collaborations in areas such as date2023-11-06

Next year to see the establishment of large-scale demonstration infrastructure to back K-robot initiatives

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 2 that a dedicated task force (TF) for the “National Robot Test Field” project will be operated in collaboration with Daegu Metropolitan City, the Korea Planning & Evaluation Institute of Industrial Technology (KEIT), and the Korea Institute for Robot Industry Advancement (KIRIA), following the successful prefeasibility study completed in August. The “National Robot Test Field” initiative is de date2023-11-06

Korea and Ireland discuss measures for industrial and trade cooperation

Minister for Trade Dukgeun Ahn met Simon Coveney, Ireland’s Minister for Enterprise, Trade and Employment, on November 2 in Seoul and discussed measures for expanding trade and facilitating investment between the two countries. The Irish government is currently carrying out a project of sending out a trade delegation headed by Prime Minister Leo Varadkar and composed of ministerial-level officials to visit major countries as part of a trade and investment strategy throughout 2022-2026, fo date2023-11-03

Design Korea 2023 showcases 800 companies' works of K-design

Hosted by the Ministry of Trade, Industry and Energy (MOTIE) and organized by the Korea Institute of Design Promotion (KIDP), Design Korea 2023 is held through November 1-5 at COEX in Seoul this week. Launched in 2003 and now arriving at its 21st anniversary, Design Korea is one of Korea’s largest and most long-standing design events featuring approximately 2,000 products designed by 800 companies this year. Under the theme of “Designing for Better World: Dot, Line, Circle”, date2023-11-03

Korea, China and Japan hold 21st Pan-Yellow Sea Rim Economy and Technology Exchange

Trade, Industry and Energy Ministry’s Director General for International Trade Relations Kim Jong-cheol attended the 21st Pan-Yellow Sea Rim Economy and Technology Exchange Conference through October 30-31 in Dalian, China. Co-hosted by Korea’s Ministry of Trade, Industry and Energy (MOTIE), China’s Ministry of Commerce and Japan’s Kyushu Bureau of Economy, Trade and Industry, the conference was attended by approximately 300 representatives of the three countries’ date2023-11-03

Korea and EU discuss measures for stronger cooperation in trade and economy

Deputy Minister for Trade Yang Byeong-nae met Maria Martin-Prat, European Commission’s Deputy Director-General for Trade on November 1 in Seoul on the occasion of the Korea-EU Free Trade Agreement (FTA) Trade Committee meeting, to discuss measures for strengthening cooperation in economy and trade. Deputy Minister Yang assessed that, this year marking the 60th anniversary of the diplomatic relations between Korea and the EU, the two sides are engaging in closer bilateral economic relation date2023-11-03