Ministry of Trade Industry and Resources

Korea launches “K-FEZ DAY in Singapore”

The Ministry of Trade, Industry and Energy (MOTIE) held “K-FEZ DAY in Singapore” on October 29 in Marina Bay Sands, Singapore, to promote Korea’s free economic zones (K-FEZs). The event was attended by approximately 90 persons from Singaporean companies, venture capital firms, and financial institutions. A group composed of authorities from the Gyeonggi, Gwangyang Bay Area, Busan-Jinhae, Ulsan, and Incheon FEZs led the local K-FEZ promotion, taking advantage of their first opportunity to promote K-FEZs to Singaporean investors. A prominent investor through the Government of Singapore Investment Corporation (GIC) and Temasek, Singapore recently invested in Korean firms such as Kakao Entertainment and Celltrion. The Southeast Asian country’s accumulated investment in Korea amounts to USD 33 billion. Following an overview on K-FEZs, each of the K-FEZ Authorities presented their respective economic zone’s local strengths and held one-on-one consultations with Singaporean investors. In addition to Korea’s existing investors, those from 50 major investor companies including Enterprise Singapore (ESG), Temasek, and GIC’s PE also took part in the consultations.   date2024-10-29

Trade Minister Cheong meets Korean firms operating in local Brazilian market

Korea’s Minister for Trade Inkyo Cheong held a meeting with Korean firms operating in the local Brazilian market on October 25 in São Paulo and discussed business issues. date2024-10-28

B20 Trade Ministers' Session

Korea’s Minister for Trade Inkyo Cheong attended the B20 Trade Ministers' Session on October 25 in Brazil and asked for business leaders’ active participation in the APEC CEO Summit 2025 following his presentation under the theme of governance, resilience, and stronger efficiency for sustainable trade and investment. date2024-10-28

Trade Minister meets South Africa’s Deputy Minister of Trade, Industry and Competition

Minister for Trade Inkyo Cheong of the Republic of Korea met South Africa’s Deputy Minister of Trade, Industry and Competition Zuko Godlimpi on October 24 in Brazil for bilateral talks on Korea-South Africa economic cooperation on margins of the G20 Trade and Investment Ministerial Meeting. date2024-10-25

Trade Minister meets UK’s Secretary of State for Business and Trade

Minister for Trade Inkyo Cheong of the Republic of Korea met UK’s Secretary of State for Business and Trade Jonathan Reynolds on October 24 in Brazil for bilateral talks on Korea-UK trade issues on margins of the G20 Trade and Investment Ministerial Meeting. date2024-10-25

Trade Minister meets UAE Minister of State for Foreign Trade

Minister for Trade Inkyo Cheong of the Republic of Korea met UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi on October 24 in Brazil for bilateral talks on continued cooperation for Korea-UAE CEPA ratification and entry into force on margins of the G20 Trade and Investment Ministerial Meeting. date2024-10-25

Trade Minister meets U.S. Trade Representative

Minister for Trade Inkyo Cheong of the Republic of Korea held bilateral talks with U.S. Trade Representative Katherine Tai on October 24 in Brazil on Korea-U.S. trade issues on margins of the G20 Trade and Investment Ministerial Meeting. date2024-10-25

Trade Minister meets Japan’s Vice Minister for International Affairs

Minister for Trade Inkyo Cheong of the Republic of Korea held bilateral talks with Japan’s Vice Minister for International Affairs Matsuo Takehiko at the Ministry of Economy, Trade and Industry (METI) on October 24 in Brazil on the WTO reform and supply chain and decarbonization cooperation on the margins of the G20 Trade and Investment Ministerial Meeting. date2024-10-25

Trade Minister Cheong attends G20 Trade and Investment Ministerial Meeting

Minister for Trade Inkyo Cheong of the Republic of Korea attended the G20 Trade and Investment Ministerial Meeting on October 24 in Brasília, Brazil, where he highlighted the importance of a WTO-centered multilateral trade system and asked members’ support and interest towards the reform of the WTO dispute settlement system. date2024-10-25

Trade Minister meets Brazil's Vice Minister of Development, Industry, Trade, and Services

Minister for Trade Inkyo Cheong of the Republic of Korea held bilateral talks with Brazil's Vice Minister of Development, Industry, Trade, and Services Márcio Rosa on October 23 in Brazil on measures for wider bilateral cooperation on the margins of the G20 Trade and Investment Ministerial Meeting. date2024-10-24