Ministry of Trade, Industry and Energy

Minister Meets With Gabonese Counterpart

Minister of Knowledge Economy Choi Joong-Kyung shakes hands with Gabonese Minister of Mining, Oil and Hydrocarbons Alexandre Barro Chambrier on June 30 in Seoul.Thetwoministersdiscussedeconomicpartnerships. date2011-07-07

Minister Greets Danish Climate Minister

Minister Greets Danish Climate Minister Minister of Knowledge Economy Choi Joong-Kyung shakes hands with Danish Minister for Climate and Energy Lykke Friis on June 20 in Seoul. The two officials discussed bilateral cooperation on green growth. date2011-06-23

Minister Travels to Russia to Promote Investment, Technology Cooperation

Minister Travels to Russia to Promote Investment, Technology Cooperation Minister of Knowledge Economy Choi Joong-Kyung traveled to Moscow last week for a brief trip to follow up on two memorandums of understanding. One MOU addresses industrial partnerships between Korea and Russia, and the other deals with joint efforts to modernize the Russian economy. While in Moscow, Minister Choi met with business leaders and senior government officials and attended an investment forum and a forum on indus date2011-06-21

Korea, U.S. State of Maryland Forge Industrial Ties

  Korea, U.S. State of Maryland Forge Industrial Ties Minister of Knowledge Economy Choi Joong-Kyung and Maryland Governor Martin O’Malley ink the Memorandum of Understanding on Industrial Cooperation on June 7 in Seoul. date2011-06-17

Korea, China Forge Stronger Industrial Ties

Korea, China Forge Stronger Industrial Ties With the 20th anniversary of the establishment of diplomatic relations coming up in 2012, Korea and China are looking to collaborate on industrial partnerships. “Korea and China need to join forces in advancing strategic partnerships, deepening investment and trade ties and adapting to changes in the industrial environment,” Minister of Knowledge Economy Choi Joong-Kyung remarked earlier this month at a meeting organized to promote investm date2011-06-16

Vice Minister Welcomes Fiji’s Foreign Minister

Vice Minister Welcomes Fiji’s Foreign Minister Vice Minister for Trade and Energy Kim Junggwan discusses investment in the renewable energy sector with Fijian Foreign Minister Ratu Inoke Kubuabola on June 2 in Seoul. The Fijian Minister visited Korea for the first Korea-Pacific Islands Foreign Ministers’ Meeting. date2011-06-14

Vice Minister Speaks With Russian Ambassador to Korea

Vice Minister Speaks With Russian Ambassador to Korea Vice Minister for Trade and Energy Kim Junggwan sits with Russian Ambassador to Korea Konstantin V. Vnukov on June 3 in Gwacheon, south of Seoul. The two officials discussed cooperation on energy and resources. date2011-06-14

Korea, UAE Investors Discuss Business Partnerships

Korea, UAE Investors Discuss Business Partnerships Ties between Korea and the United Arab Emirates have made considerable progress since 2009, when Korea won a landmark deal to build nuclear power plants in the Middle Eastern country. To expand the scope of bilateral cooperation even further, the two countries recently held a joint investment forum in Seoul. At the forum, UAE delegates had a chance to discuss promising partnerships with potential Korean investors. They explained the country&rsq date2011-06-10

Vice Minister Greets Ghanaian Delegation

Vice Minister for Industry and Technology Yoon Sang-Jick speaks with Ghana Investment Promotion Center Chief Executive Officer George Aboagye on May 27 in the Gwacheon Government Complex, south of Seoul. The discussion touched on bilateral partnerships concerning trade, investment, energy and infrastructure. date2011-05-31

Minister Plans Korea’s Role in Indonesia’s Economic Development

Minister of Knowledge Economy Choi Joong-Kyung traveled to Bali last week to discuss bilateral economic ties. Indonesia is moving forward with the “Master Plan on the Acceleration and Expansion of Indonesian Economic Development,” an initiative to advance its economy with Korea as a close partner. The visit was a follow-up to a meeting between the national leaders of both countries, which took place in December. Government officials and business leaders from the two countries gathered for the first meeting of a new joint working-level task force to discuss promising areas for cooperation and plan joint projects. The meeting focused on seven sectors that feature prominently in Indonesia’s Master Plan: trade and investment, industry, energy and resources, construction and infrastructure, agriculture and fisheries, defense, and finance. The two countries signed nine memorandums of understanding in such areas as hydroelectricity, photovoltaic energy, shipbuilding, textile machinery and industrial technology transfer. An intergovernmental MOU outlines how the two sides will work together to implement Indonesia’s Master Plan. Minister Choi said the MOUs were the first step toward the realization of the two national leaders’ forward-looking vision. Minister Choi proposed what he called a “two-track approach” to the Master Plan—one for policymakers and the other for businesses. “Koreans are known for a ‘cepat cepat’ culture—it’s in our blood to do things well and fast,” the Minister said. “We will take this ‘cepat cepat’ approach to make Indonesia the economic powerhouse in this region and beyond.” In the Indonesian language, the word “cepat” means “fast.” For details on the Minister’s two-track approach, please see the full text of the speech dated May 23. Minister Choi also had a separate meeting with Coordinating Minister for Economic Affairs Hatta Rajasa. On the following day, the Minister traveled to Jakarta to visit President Susilo Bambang Yudhoyono.   * Released by the Indonesia Division date2011-05-25