Ministry of Trade Industry and Resources

Korea and Indonesia Hold Talks on Expanding Investment Cooperation and Addressing Business Challenges

Park Jung-sung, Deputy Minister for Trade at the Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim), met with Ali Murtopo Simbolon, Indonesia’s Deputy Minister for Trade and Digital Economy at the Coordinating Ministry for Economic Affairs, on January 23, 2026, at Lotte Hotel Seoul to discuss ways to strengthen bilateral economic and trade cooperation. The meeting followed up on the two countries’ ministerial talks held on the sidelines of the APEC Economic Leaders’ Meeting in Gyeongju in October 2025. Discussions focused on expanding investment cooperation and addressing specific hurdles faced by businesses.  The two sides noted that more than 2,300 Korean companies are operating in Indonesia across a wide range of sectors, including electric vehicles, batteries, steel, and chemicals, contributing to the local economy. They agreed to work closely to foster a favorable investment environment and further promote bilateral investment cooperation. Deputy Minister Park also shared requests raised by Korean companies undertaking investment projects in Indonesia and called for continued attention and support from the Indonesian government. In addition, Deputy Minister Park called for progress on outstanding issues discussed at the ministerial meeting last October, including reforms to the SNI certification system and challenges Korean companies face in hydropower project bids. Deputy Minister Simbolon affirmed that Indonesia would work with relevant ministries and agencies to help move the issues forward. Deputy Minister Park further proposed resuming the Korea–Indonesia Economic Cooperation Committee, the regular bilateral platform co-chaired by Korea’s Minister of MOTIR and Indonesia’s Coordinating Minister for Economic Affairs. Both sides agreed to maintain close communication to convene the committee’s third meeting at an early date.   date2026-01-23

Trade Minister Yeo Speaks at the Next-Generation Trade Facilitation Panel at the Davos Forum

Trade Minister Yeo Han-koo of the Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim) attended the World Economic Forum (WEF) Davos Forum: Next-Generation Trade Facilitation panel on January 21, 2026, at the Congress Centre in Davos, Switzerland. The panel was attended by WEF leadership and board members: the Director-General of the World Trade Organization (WTO), trade ministers from Egypt, the United Arab Emirates, Thailand, Cambodia, and Romania, and representatives from global companies, including Agility. During the panel, Trade Minister Yeo delivered remarks on a global trade facilitation alliance. date2026-01-22

Trade Minister Yeo Meets with Egypt’s Minister of Investment and Foreign Trade

Trade Minister Yeo Han-koo of the Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim) met with Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, on January 18, 2026, at the Ministry of Investment and Foreign Trade in Cairo. During the meeting, the two sides discussed ways to strengthen bilateral trade cooperation, including the Korea–Egypt Comprehensive Economic Partnership Agreement (CEPA), and held a signing ceremony for a Joint Declaration on Advancing the Korea–Egypt CEPA. Trade Minister Yeo stated that “the visit marked a significant step in formally advancing CEPA talks with Egypt” and added that “the government will expedite negotiations, from launch through conclusion, to provide institutional support for stable trade and investment activities by Korean companies.” date2026-01-20

Trade Minister Yeo to Attend Davos Forum on Restoring the Global Multilateral Order and Revitalizing Trade and Investment

Trade Minister Yeo Han-koo of the Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim) will attend the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland, January 19-22, 2026 (local time). Held under the theme “A Spirit of Dialogue,” this year’s Davos Forum will bring together world leaders, global business leaders, and opinion leaders from approximately 70 countries for in-depth discussions on strengthening cooperation, revitalizing global trade and investment, and identifying new engines of growth. Trade Minister Yeo will participate as a speaker in sessions on global trade and investment, addressing next-generation global trade facilitation, strengthening multilateral trade and investment, and growth strategies for emerging economies such as ASEAN. He will also meet with senior executives from major global companies—including Merck, Amazon Web Services (AWS), and Maersk—to discuss ways to increase investment in Korea and deepen cooperation. Trade Minister Yeo will also attend the informal WTO ministerial meeting on January 22, where participants will discuss WTO reform priorities and ways to deliver concrete outcomes at the 14th WTO Ministerial Conference (MC14), scheduled to be held in Cameroon in March 2026. In particular, he plans to lead discussions on incorporating the Investment Facilitation for Development (IFD) Agreement—an initiative led by Korea—into the WTO framework. He will also hold bilateral meetings with trade ministers from key economies and partners, including the EU, Argentina, and Switzerland, to address market-entry challenges faced by Korean companies and explore ways to further strengthen Korea’s trade network. Trade Minister Yeo emphasized that “the Davos Forum is a global platform for political and economic dialogue among world leaders, and an opportunity to highlight Korea’s return to the international community underscoring the resilience of its democracy.” He added that “as a middle power drawing global attention, Korea will demonstrate global leadership by contributing to restoring the international economic and trade order amid an increasingly complex global environment.” He further noted that “MOTIR will leverage the Davos Forum to step up trade and investment outreach, with a focus on attracting global investment and addressing key trade issues in line with Korea’s national interests." date2026-01-20

The First Korea–China FTA Services and Investment Follow-up Talks of 2026 to Be Held in Beijing

The Trade Ministry at the Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim) announced that the 13th round of follow-up negotiations on services and investment under the Korea–China Free Trade Agreement (FTA) will take place in Beijing from January 19 to 23, 2026.  The talks will bring together around 30 officials from both countries, with the Korean delegation led by Kwon Hye-jin, Director General for Trade Negotiations, and the Chinese delegation headed by Lin Feng, Director General for International Trade and Economic Affairs at China’s Ministry of Commerce. Since the Korea–China FTA entered into force in 2015, the two countries have conducted follow-up negotiations on services and investment in line with the agreed guidelines. Formal negotiations were launched in March 2018, and discussions have continued through 12 official rounds and multiple intersessional meetings. At the Korea–China summit held in Beijing on January 5, 2026, the two sides agreed to pursue meaningful progress in the follow-up negotiations within the year. Building on this understanding, the upcoming round will focus on negotiations on agreement texts and market access across three working groups—services, investment, and financial services. MOTIR stated it will maintain negotiation momentum by holding official rounds on a regular basis, including on a bimonthly schedule, with the participation of all relevant ministries. It added that the negotiations aim to ensure the follow-up agreement serves as a foundation for a freer and more open environment for bilateral services trade and investment. date2026-01-20

Korea and Egypt Sign Joint Declaration to Advance CEPA Talks

Trade Minister Yeo Han-koo of the Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim) visited Cairo on Sunday, January 18, 2026, and met with Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, and Walid Gamal El-Din, Chairman of the Suez Canal Economic Zone (SCZONE). The two sides discussed implementation plans and follow-up measures on key trade and industrial agendas raised at the Korea–Egypt summit in November last year, including advancing negotiations on a Comprehensive Economic Partnership Agreement (CEPA) and exploring measures to support Korean companies’ entry into the SCZONE. In addition, Trade Minister Yeo met with Korean companies operating in Egypt to hear their on-the-ground challenges and discuss ways to strengthen government support. He also visited the Suez Canal Economic Zone to assess the investment environment for Korean firms. During his meeting with Minister El-Khatib, Trade Minister Yeo signed a joint declaration on advancing the Korea–Egypt CEPA, formally confirming both sides’ commitment to pursue the agreement and setting out the direction of the negotiations. The two ministers also reviewed progress in their respective domestic procedures required to launch CEPA negotiations and agreed to work closely toward an early launch of talks. Trade Minister Yeo also met with Chairman Gamal El-Din and was briefed on the SCZONE’s investment and infrastructure environment, and discussed ways to facilitate Korean companies’ entry into the zone. The two sides agreed that the SCZONE offers strong potential as a future manufacturing and logistics hub for Korean firms, given its strategic location linking the Middle East, Europe, and Africa, Egypt’s abundant labor force, and its extensive free trade agreement network. Trade Minister Yeo noted that products manufactured in the SCZONE could be exported to the United States under preferential terms through the U.S.–Egypt–Israel Qualifying Industrial Zone (QIZ) agreement, positioning the zone as a potential production base for Korean manufacturers targeting the U.S. market. He proposed establishing a regular consultative channel between KOTRA and the SCZONE Authority to support Korean firms’ smooth entry. Trade Minister Yeo also visited the Sokhna Industrial Zone—the largest of the SCZONE’s four industrial zones—and the adjacent Sokhna Port, along with Korean companies operating in Egypt, KOTRA, and the Korea Institute for International Economic Policy (KIEP). The delegation assessed occupancy rates, industrial infrastructure, and other investment-related conditions within the SCZONE that are relevant to Korean firms. In a separate dinner meeting with Korean companies operating in Egypt, Trade Minister Yeo heard concerns and requests related to financing and streamlined administrative procedures, and discussed practical measures to address operational challenges promptly. Trade Minister Yeo stated, “The visit marked a significant step toward formally advancing CEPA talks with Egypt, a key economic hub in North Africa and a logistics gateway linking Europe, the Middle East, and Africa.” He added that “the government will expedite negotiations, from launch to conclusion, to provide institutional support for Korean companies’ stable trade and investment activities.” MOTIR plans to strengthen support for Korean companies’ expansion into Egypt by providing essential market-entry information, including an investment guidebook incorporating the findings from the recent visit to the Suez Canal Economic Zone. date2026-01-19

Korea and the Netherlands Strengthen Cooperation on Semiconductor and Quantum Technologies Amid Global Tech Competition

The Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim) held the 4th Korea–Netherlands Joint Committee on Innovation with the Dutch Ministry of Economic Affairs on Wednesday, January 14, 2026, in The Hague. Since 2016, the two countries have advanced technological cooperation through the Eureka Network—the world’s largest intergovernmental network supporting international R&D and innovation, spanning 48 countries—with efforts led by their respective R&D agencies, the Korea Institute for Advancement of Technology (KIAT) and the Netherlands Enterprise Agency (RVO). Since 2019, the two sides have also convened the Joint Committee on Innovation every two years at the director-general level. At this year’s meeting, Choi Yeon-woo, Director General for Industrial Technology Convergence Policy at MOTIR, and Tjerk Opmeer, Director General for Business and Innovation at the Dutch Ministry of Economic Affairs, headed their respective delegations.  The two sides acknowledged each other’s strong technological competitiveness in semiconductors and quantum technologies, underscoring the policy importance of these fields. Building on this shared understanding, the two sides signed a Letter of Intent (LOI) to strengthen cooperation in these priority areas. The two sides also agreed to expand international cooperation to include advanced strategic technologies. In this context, the meeting is expected to further reinforce the foundation for a joint response to global supply chain restructuring. Director General Choi noted that “Korea and the Netherlands have steadily expanded industrial technology cooperation over the past decade,” adding that “this Joint Committee will build on those achievements and chart a shared course for the decade ahead.” He further emphasized that “MOTIR will continue to support international cooperation in industrial technology, to create new growth opportunities for companies and research institutions in both countries, as we jointly respond to intensifying global technology competition.” date2026-01-15

Trade Minister Meets with U.S. Representative Rudy Yakym

Trade Minister Yeo Han-koo of the Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim) met with U.S. Representative Rudy Yakym (IN-02) at the U.S. Congress in Washington, D.C., on January 13, 2026 (local time), to outline Korea’s domestic digital legislative developments and hear concerns raised by the U.S. side. date2026-01-14

Joint Press Release on the Substantive Conclusion of Discussions for the Republic of Peru’s Accession to the Digital Economy Partnership Agreement

The Parties to the Digital Economy Partnership Agreement (DEPA) are pleased to announce the substantive conclusion of discussions for the Republic of Peru’s accession to this world-leading digital trade agreement. Digitally signed in 2020 by Chile, New Zealand and Singapore, the DEPA is the world’s first standalone digital economy agreement and represents a forward-looking model for economic engagement and trade in the digital era. The Agreement reinforces commercially meaningful digital trade rules, fosters new approaches and collaborations in digital trade, promotes interoperability across different regulatory frameworks, and addresses emerging challenges arising from digitalisation. Designed as an open and inclusive framework, the DEPA is open to economies that are able to meet its high standards. The Republic of Korea joined the DEPA on 3 May 2024 as the first new member economy. Peru formally requested accession to the DEPA on 23 May 2023, and an Accession Working Group was established on 7 November 2024 to assess the request. Following a comprehensive assessment, the Accession Working Group, chaired by the Republic of Korea, agreed that, based on Peru’s existing legal framework, policies and practices, Peru has demonstrated its capacity to comply with the DEPA’s provisions. Peru has also shown a strong commitment to engaging constructively with DEPA Parties on areas of shared interest, including digital trade facilitation, consumer protection and cross-border data flows. The DEPA Parties will now continue to work with Peru to advance the remaining steps of the accession process in a timely manner, consistent with each Party’s domestic procedures and the DEPA Accession Process. Chile’s Vice Minister of International Economic Relations Claudia Sanhueza said, “Chile and Peru share a long history of economic integration and forward-looking trade cooperation. In this context, Chile warmly welcomes the substantive conclusion of discussions for Peru’s accession to the DEPA, a step that strengthens our joint commitment to building a high-quality regulatory framework that promotes digital trade. This milestone deepens our shared vision for a modern and inclusive digital economy and opens new opportunities for regional cooperation and innovation.” New Zealand’s Minister for Trade and Investment Todd McClay said, “New Zealand is pleased to join Parties in inviting Peru to accede to the DEPA. Throughout the process, Peru has demonstrated that it shares our commitment to progressive, high-quality digital trade rules and the DEPA’s vision. Peru’s accession will strengthen DEPA as a leading high standards digital economy agreement and we look forward to working closely with them to advance its objectives.” Singapore’s Minister-in-charge of Trade Relations and Minister for Sustainability and the Environment Grace Fu said, “Singapore warmly welcomes the substantive conclusion of Peru’s accession negotiations to the DEPA. This marks another important milestone for the DEPA. The expansion of the DEPA’s membership will unlock more opportunities and add further weight to the DEPA’s ambition to foster more open digital markets. We look forward to partnerships with Peru through the DEPA to expand and enhance collaborations in digital trade. We are hopeful that the DEPA will continue to attract like-minded partners who share our vision in digital economy cooperation.” The Republic of Korea’s Minister for Trade Yeo Han-Koo said, “We welcome the substantial conclusion of Peru’s accession negotiations to Digital Economy Partnership Agreement. Peru is an important partner that shares DEPA’s vision of an open and inclusive digital trade order. Peru’s accession represents a meaningful step forward in advancing the DEPA as a global platform for digital trade cooperation date2026-01-14

Korea’s Trade Minister to Meet with U.S. Officials, Members of Congress, and Industry Leaders to Discuss Key Korea–U.S. Trade Issues

Trade Minister Yeo Han-koo of the Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim) will visit Washington, D.C., January 11–14, 2026 (local time), to meet with key stakeholders—including the Office of the U.S. Trade Representative (USTR), relevant U.S. government agencies, members of Congress, and industry representatives—and discuss Korea–U.S. trade issues. The visit comes as the U.S. Supreme Court considers the legality of reciprocal tariffs imposed under the International Emergency Economic Powers Act (IEEPA). During the trip, Trade Minister Yeo will closely track developments and consult with relevant agencies and industry to explore response options to minimize potential impacts on businesses. Trade Minister Yeo will also hear concerns from members of Congress and industry stakeholders regarding Korea’s domestic digital legislation, while underscoring that it is neither discriminatory toward U.S. companies nor intended to create unnecessary barriers. In meetings with the USTR, Trade Minister Yeo will review progress on preparations for the Korea–U.S. Free Trade Agreement (FTA) Joint Committee and coordinate details, including the agenda and schedule. Trade Minister Yeo emphasized, “As Korea moves forward with legislation in areas such as digital policy, it is important to maintain a stable Korea–U.S. trade environment through thorough stakeholder consultations and close coordination among relevant ministries. date2026-01-12