Ministry of Trade Industry and Resources

Korea and UAE follow up on summit diplomacy outcomes

Minister for Trade Dukgeun Ahn visited the United Arab Emirates (UAE) through March 15-16 to advance economic diplomacy between the two countries, activating the Korea-UAE economic cooperation channel and dispatching the “shuttle group” as part of carrying out the economic summit diplomacy follow-up measures through creating a new Middle East boom for economic vitalization. On the first day of arrival, Trade Minister Ahn met with UAE Minister of State for Foreign Trade Thani bin Ahm date2023-03-20

Korea and Netherlands sign 7 MOUs for industrial & energy cooperation

Minister for Trade Dukgeun Ahn attended the Korea-Netherlands MOU signing ceremony held on March 14 at the JW Marriott Hotel Seoul with Dutch Minister for Foreign Trade and Development Cooperation Liesje Schreinemacher and Dutch Employers Lobby Chair Ingrid Thijssen, for both countries' public institutes and companies entering cooperation MOUs in eco-friendly mobility, renewable energy and other areas. date2023-03-17

Korea and Netherlands sign 7 MOUs for industrial & energy cooperation

Minister for Trade Dukgeun Ahn met with Liesje Schreinemacher, the Dutch Minister for Foreign Trade and Development Cooperation, and attended the memorandum of understanding (MOU) signing ceremony where the two countries signed seven MOUs on eco-friendly mobility and renewable energy cooperation. The ceremony was held on occasion of Dutch Minister Schreinemacher’s visit to Korea (March 13-15) as trade delegation head and as follow-up to the Korea-Netherlands summit talks held last Novembe date2023-03-17

MOTIE announces outcome of 9th Korea-Japan export control policy dialogue

The Ministry of Trade, Industry and Energy (MOTIE) held the 9th Korea-Japan Export Control Policy Dialogue with Japan’s Ministry of Economy, Trade and Industry (METI) on March 14-16 following the bilateral agreement announcement (March 6) on restoring the trade regulatory status. During the policy dialogue, the two countries exchanged views on their export control systems, enforcement, follow-up measures and export control’s effectiveness. Based on these exchanges, Japan decided to date2023-03-16

Korea and Netherlands discuss cooperation in trade, energy & investment

Minister for Trade Dukgeun Ahn met with Liesje Schreinemacher, the Dutch Minister for Foreign Trade and Development Cooperation, on March 14 at the JW Marriott in Seoul to discuss cooperation measures in trade, investment, batteries, nuclear power plants, hydrogen and offshore wind power, and asked for the Netherlands’ support for Korea to win the bid to host World Expo 2030 in Busan. date2023-03-15

Korea and Malaysia discuss trade and economic cooperation

Minister for Trade Dukgeun Ahn met with Malaysia’s International Trade & Industry Minister Zafurul Aziz on March 14 at the Lotte Hotel Seoul on the occasion of the 40th anniversary of the implementation of Malaysia's Look East Policy (LEP) and discussed measures to strengthen bilateral trade and economic cooperation. date2023-03-15

Korea's ICT exports reach $12.8 billion in February

The Ministry of Trade, Industry and Energy announced on March 14 that Korea's exports and imports of information and communications technology (ICT) goods in February recorded USD 12.8 billion (down 32.0 percent year-on-year) and $11.0 billion (down 3.6 percent), respectively, and the trade balance stood at a surplus of $1.8 billion. The exports decline is seen to be caused by slowdowns in the global economy and semiconductor industry. Semiconductors (down 41.5 percent to $6.1 billion) continu date2023-03-14

Korea and China’s Shandong discuss economic cooperation

Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin met with China’s Shandong Province Secretary General Song Junji on March 10 at the InterContinental Seoul COEX to discuss Korea-Shandong supply chain and logistics cooperation and future economic cooperation measures, as well as the 7th Korea-Shandong Economic and Commercial Cooperation Exchange slated for this year. date2023-03-14

World Expo 2030 Busan Bid Committee signs MOU with Busan City and Lotte for joint promotion

The Ministry of Trade, Industry and Energy (MOTIE) announced on March 8 that the Bid Committee for World Expo 2030 Busan (hereinafter “Committee”) signed a cooperation memorandum of understanding (MOU) with Busan Metropolitan City and Lotte Holdings for promotion of Korea’s bid to host World Expo 2030 in Busan. The main purpose of the cooperation MOU is to prepare for enquiry mission by the Bureau International des Expositions (BIE), which will take place April 3-7, and to dra date2023-03-10

Minister holds meeting with commercial attachés to bolster exports

Trade, Industry and Energy Minister Lee Chang-yang held an emergency meeting with the Ministry’s 29 commercial attachés stationed in 26 countries, so as to achieve export growth for 2023 and seek preemptive action against major countries’ trade protectionism measures amid difficult export conditions.   Minister Lee gave an opening message and led discussions on measures to overcome export crisis, including policy directions on trade, energy and industry. date2023-03-09