Ministry of Trade, Industry and Energy

Korea and Chile restart negotiations for upgrading FTA

Trade, Industry and Energy Ministry’s FTA Policy Planning Director Ahn Chang-yong headed the Korean delegation for the seventh round of official negotiations to upgrade a free trade agreement (FTA) with Chile on May 22-24 in Santiago. The seventh round of negotiations were launched subsequent to follow-up consultations between the two countries on the occasion of Korean Prime Minister Han Duck-soo’s visit to Chile last October. Prior to negotiations, delegation head Ahn stated that date2023-05-26

Korea and Germany discuss measures to bolster supply chain cooperation

Minister for Trade Dukgeun Ahn met with Jörg Kukies, Germany’s State Secretary for Economic, Finance and European Affairs at the Federal Chancellery, on May 22 at the Lotte Hotel Seoul to discuss measures to bolster Korea-Germany supply chain cooperation. Germany is Korea’s largest European trading partner, with bilateral trade reaching historic highs in 2022 (USD 33.7 billion). The two countries’ economic and industrial supply chain cooperation is expected to deepen on t date2023-05-25

MOTIE sends economic delegation to Estonia, Lithuania & Finland

Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin is heading Korea’s economic delegation to Estonia, Lithuania and Finland and meeting with high-level officials through May 22-26 to discuss measures for expanding trade and investment, industrial cooperation in secondary batteries, bio and nuclear energy, cooperation on EU trade issues and in digital, high-tech areas. The economic delegation includes members from the Korea Trade-Investment Promotion Agency (KO date2023-05-25

Korea and Singapore hold 1st Digital Economy Dialogue

Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin attended the 1st Korea-Singapore Digital Economy Dialogue on May 19 at the Korea International Trade Association (KITA), where representatives of the two countries’ digital firms gathered to discuss bilateral cooperation measures. A first digital trade agreement for Korea, the Dialogue was hosted by Korea’s Ministry of Trade, Industry and Energy (MOTIE) and Singapore’s Ministry of Trade and Industr date2023-05-25

Korea and Malaysia agree to bolster supply chain cooperation

Trade, Industry and Energy 1st Vice Minister Jang Young-jin met with Malaysia’s Investment, Trade and Industry Deputy Minister Liew Chin Tong on May 18 to discuss measures for expanding Korea-Malaysia economic cooperation. The two countries agreed to advance their bilateral economic cooperation on the occasion of the 40th anniversary of the Look East Policy (LEP). Malaysia is Korea’s third and fourth largest trading and investment partner in the ASEAN region, respectively, with thei date2023-05-24

Trade Minister attends 55th Korea-Japan Business Conference

Minister for Trade Dukgeun Ahn attended the 55th Korea-Japan Business Conference on May 16 at the Lotte Hotel Seoul for the implementation of agreements made during the Korea-Japan summit meeting and strengthening of business cooperation between the two countries. Hosted by the Korea-Japan Economic Association (KJE), Korea-Japan Cooperation Foundation for Industry and Technology (KJCF) and their Japanese counterparts, the Conference was the first in four years to be held in-person and was atten date2023-05-24

Korea and Canada hold high-level economic security dialogue

Minister for Trade Dukgeun Ahn and Foreign Minister Park Jin met with Melanie Joly, Canada’s Foreign Minister, and François-Philippe Champagne, Canada’s Innovation, Science and Industry Minister, on May 16 in Seoul to hold a high-level economic security dialogue. The dialogue was officially launched last September on the occasion of the Korea-Canada summit meeting, and this type of “2+2” economic security consultative system is a significant first for both sides. date2023-05-23

Korea and Indonesia launch E-Mobility Cooperation Center

Trade, Industry and Energy 1st Vice Minister Jang Young-jin met with Dr. Dadan Kusdiana, Indonesia’s Director General of the New Renewable Energy and Energy Conservation under the Ministry of Energy and Mineral Resources, on May 15 in Jakarta, where they held a signboard hanging ceremony for launching of the Korea-Indonesia E-Mobility Cooperation Center. The Ministry of Trade, Industry and Energy (MOTIE) plans to supply Indonesia with 65 electric vehicles (EVs), 90 electric two-wheeled ve date2023-05-22