Ministry of Trade, Industry and Energy

"Korea One Team" making final pitch for World Expo 2030 Busan

Prime Minister Han Duck-soo is leading Korea’s last efforts for making the final pitch for World Expo 2030 Busan with only hours remaining until the vote is held to select the winner of the bid to host World Expo 2030. Composed of high-level government officials, Korea Chamber of Commerce and Industry (KCCI) Chairman Chey Tae-won and other major business magnates, the Korean delegation (“Korea One Team”) in Paris will be putting in the utmost effort for promoting Busan as the date2023-11-28

Korean delegation departs to Paris for final vote on World Expo 2030 host winner

The Korean delegation for the 173rd General Assembly of the Bureau International des Expositions (BIE), led by Prime Minister Han Duck-soo, departed for Paris on November 26 to participate in the final election of the winner to host World Expo 2030. Trade, Industry and Energy Minister Bang Moon Kyu, Foreign Affairs Vice Minister Oh Youngju, and the Prime Minister’s Chief of Staff Park Seung-keun are accompanying the Prime Minister. During the 173rd BIE General Assembly on November 28, th date2023-11-27

Korea Trade Commission holds public hearing to investigate industry damage from Egyptian white cement imports

The Korea Trade Commission of the Ministry of Trade, Industry, and Energy (MOTIE) held a public hearing on November 23 at the Government Complex in Seoul, to investigate the extend of industrial damage caused by import of Egyptian white cement. About 40 people attended the hearing, including members of the Commission, domestic producer Union, importer Royal Cement Korea, consumers, the Korea Cement Association, and the Embassy of Egypt in Korea. Unlike the typical grey cement, white cement is date2023-11-24

Korea and Brazil deepen trade, industrial and investment cooperation

Minister for Trade Dukgeun Ahn signed the Korea-Brazil Trade and Investment Promotion Framework (TIPF) agreement with Brazil’s Vice Minister of Development, Industry, Trade and Services Márcio Elias Rosa on November 24 at Four Seasons Hotel Seoul, where they held the first TIPF committee meeting. The Korea-Brazil TIPF is the 12th TIPF agreement for Korea, and the first with a South American country. A resource-rich country and home to extensive reservoirs of nickel, lithium, rare e date2023-11-24

Korea and Germany seek measures for digital health technology collaboration

The Ministry of Trade, Industry and Energy (MOTIE) and the German Embassy in Korea jointly held the Korea-Germany Digital Health Tech Forum 2023 on November 22 at the Sofitel Ambassador Hotel Seoul to strengthen Korea-Germany digital health technology exchange and facilitate their networking for international cooperation. Launched in 2020 to promote exchange in the two countries’ digital health R&D, the Digital Health Tech Forum held this year was attended by representatives and exper date2023-11-23

MOTIE and NIS hold joint Industrial Security Conference 2023 for Industrial Technology Protection Day

The Ministry of Trade, Industry and Energy (MOTIE) and the National Intelligence Service (NIS) jointly held the 13th Industrial Technology Protection Day commemoration ceremony and Industrial Security Conference 2023 on November 22 at Grand InterContinental Seoul Parnas, attended by over 600 industrial security experts from Korea and abroad. At the event, interim outcomes on four joint project tasks between the government and private sector were shared. These include the usage guide for n date2023-11-23

Korea and Vietnam bolster cooperation on trade remedies

The Korea Trade Commission of the Ministry of Trade, Industry, and Energy (MOTIE) held a joint session for the Korea-Vietnam Trade Remedy Cooperation Meeting and the FTA Trade Remedies Implementation Committee Meeting with the Vietnamese Trade Remedies Authority on November 22 in Quang Ninh, Vietnam. The two countries' trade authorities examined ongoing matters concerning reciprocal import controls and discussed recent investigation and response cases involving third countries. They also d date2023-11-23

UK-based clean energy companies pledge $1.2 bln investment in Korea

The Ministry of Trade, Industry and Energy (MOTIE) announced on November 22 that on the occasion of President Yoon Suk Yeol’s state visit to the UK, two UK energy firms, namely Corio Generation and BP, confirmed their pledge of investment worth KRW 1.5 trillion (app. USD 1.2 billion) and submitted their investment declarations on November 22 (local time). Corio Generation is a UK-based company specializing in offshore wind power development created by Macquarie's Green Investment Group (G date2023-11-23