Ministry of Trade, Industry and Energy

Korea holds Seoul International Forum on Trade Remedies 2023

The Ministry of Trade, Industry and Energy (MOTIE) held the Seoul International Forum on Trade Remedies 2023 on October 13 under the theme of “Challenges and Tasks of Trade Remedies in the Digital Era” at COEX in Seoul, where representatives of major global trade remedy organizations gathered to discuss response measures amid the changing trade landscape and share various cases and experiences of different countries. Approximately 110 representatives, experts and corporate date2023-10-13

Former IPCC Chair elected to lead the Carbon Free Alliance

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 12 that the Carbon Free (CF) Alliance inaugural assembly was held that day at the Korea Chamber of Commerce and Industry (KCCI) in Seoul. The Carbon Free Energy (CFE) Forum, launched in May and more discussion-oriented, will undergo incorporation to secure stability and executive powers. This is part of a follow-up measure to the CF Alliance proposed by President Yoon Suk Yeol during his keynote speech at the United Nations date2023-10-13

Korea and Chile discuss ways to expand cooperation upon 20th FTA anniversary

Trade, Industry and Energy Minister Bang Moon Kyu and Chile’s Economy, Development and Tourism Minister Nicolas Grau attended the 23rd Korea-Chile Economic Cooperation Committee meeting on October 12 in Seoul, held by the Korea Chamber of Commerce and Industry (KCCI) and the Federation of Chilean Industry (SOFOFA), in commemoration of the two countries’ 20th anniversary of signing the Korea-Chile free trade agreement (FTA). The Korea-Chile Economic Cooperation Committee has robustly date2023-10-12

Korean delegation attends minerals security partnership meeting in London

The Ministry of Trade, Industry and Energy (MOTIE) announced on October 11 that the Korean delegation, headed by Deputy Foreign Minister for Economic Affairs Kang Jae-kwon, attended the Minerals Security Partnership (MSP) meeting in London on October 10, chaired by the U.S. Department of State, to participate in discussions on measures for cooperation in financial support for critical minerals and cooperation with resource-rich nonmember countries. Attendees agreed that in order to facilitate f date2023-10-12

Korea meets with Caribbean countries for industrial & climate change cooperation

Trade, Industry and Energy Minister Bang Moon Kyu, on the occasion of the annual high-level forum on the Korea-Caribbean partnership on October 11 in Seoul, held talks with Belize’s Sustainable Development Minister Orlando Habet and Grenada’s Mobilization, Implementation and Transformation Minister Andy Williams, respectively, and discussed bilateral cooperation as well as measures to bolster the Korea-Caribbean partnership. With Belizean Minister Habet, Minister Bang emphasized the date2023-10-11

Korea and Ecuador announce joint statement on signing of SECA deal

Trade, Industry and Energy Minister Bang Moon Kyu and Ecuador’s Production, Foreign Trade, Investments and Fisheries Minister Daniel Legarda signed the joint statement announcing the conclusion of the negotiations for the Korea-Ecuador Strategic Economic Cooperation Agreement (SECA) on October 11 at the Lotte Hotel Seoul. The Korea-Ecuador SECA joint statement is as follows:   JOINT STATEMENT ON THE CONCLUSION OF NEGOTIATIONS FOR THE STRATEGIC ECONOMIC COOPERATION AGREEMENT BET date2023-10-11

Korea makes final spurt with 50 days until final vote for World Expo 2030

The Republic of Korea’s Prime Minister Han Duck-soo is heading the visit to four European countries from October 8-15 for a series of promotion of the World Expo 2030 Busan, starting with Paris, France, with approximately 50 days remaining until the final vote for selecting the World Expo 2030 candidate winner. In Paris, Prime Minister Han is directing the official symposium for World Expo 2030 Busan through October 9-10, attended by approximately 200 key figures, including Korea Chamber date2023-10-10

Korea and Ukraine discuss cooperation measures for reconstruction

Minister for Trade Dukgeun Ahn met with the Korea-Ukraine Parliamentarians' Friendship Association delegation on October 6 in Seoul to discuss bilateral economic cooperation measures. The meeting was attended by Ukrainian lawmakers Andriy Nikolaenko, Sergiy Taruta and Ukrainian Ambassador to South Korea Dmytro Ponomarenko. Trade Minister Ahn expressed condolences towards the Ukrainian people suffering from the Russia-Ukraine war, and stated that Korea is prepared to uncover and launch joint pro date2023-10-10