Ministry of Trade Industry and Resources

Minister of Trade, Industry and Energy Organizes Korea-US Business Roundtable During President Moon Jae-in’s US Visit

During President Moon Jae-in’s visit to the United States (May 20-23), Minister of Trade, Industry and Energy Moon Sung-wook took steps to reinforce economic cooperation between the two countries, including the Korea-US Business Roundtable attended by President Moon Jae-in and United States Secretary of Commerce Gina Raimondo.➊ Minister Moon and Secretary Raimondo co-organized the Korea-US Business Roundtable attended by representatives of leading semiconductor, battery, automobile and v date2021-05-22

Korea, Israel sign free trade pact

Trade Minister Yoo Myung-hee (second from the right) attended the signing ceremony for the free trade agreement (FTA) between Korea and Israel in Seoul, on May 12.   Trade Minister Yoo said that the Korea-Israel FTA will not only lower tariffs and improve the investment environment, but will also build a strong platform that boosts economic growth by drumming up technological innovation and cooperation in high-tech industries between the two countries. date2021-05-13

Korea, Malaysia discuss further economic cooperation

Trade Minister Yoo Myung-hee met with her Malaysian counterpart Mohamed Azmin bin Ali in Seoul, on April 1, and exchanged views on expanding economic cooperation between the two countries.In particular, the two ministers discussed pending trade issues including the early implementation of the Regional Comprehensive Economic Partnership (RCEP), Korea-Malaysia Free Trade Agreement (FTA), and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).They also discussed measures date2021-04-01

Korea, Indonesia sign CEPA

Trade, Industry and Energy Minister Sung Yunmo (right) attended the signing ceremony of the Korea-Indonesia Comprehensive Economic Partners Agreement (CEPA) in Seoul, on December 18, the first bilateral free trade agreement with an ASEAN member country since the announcement of the New Southern Policy in November 2017.   The agreement came eight years after the launch of negotiations, and Minister Sung said that the CEPA is a comprehensive and cooperative platform that will not only reduc date2020-12-18

Trade Minister Yoo discusses policy strategies to boost exports at FTA policy forum

Trade Minister Yoo Myung-hee held the FTA policy forum with FTA-related companies, agencies, and trade experts at the Korea International Trade Association (KITA) in Seoul, on December 16, to discuss policy directions in response to the rapidly changing trade environment amid pandemic.   At the meeting, measures to utilize the recently signed Regional Comprehensive Economic Partnership (RCEP) to vitalize Korea’s exports, FTA strategies for the small and medium-sized companies to str date2020-12-18

Trade Minister Yoo discusses policy strategies to boost exports at FTA policy forum

Trade Minister Yoo Myung-hee held the FTA policy forum with FTA-related companies, agencies, and trade experts at the Korea International Trade Association (KITA) in Seoul, on December 16, to discuss policy directions in response to the rapidly changing trade environment amid pandemic.   At the meeting, measures to utilize the recently signed Regional Comprehensive Economic Partnership (RCEP) to vitalize Korea’s exports, FTA strategies for the small and medium-sized companies to str date2020-12-18

Minister Sung holds committee meeting to discuss post-corona trade policy

Trade, Industry and Energy Minister Sung Yun-mo held a committee meeting with government officials and experts on November 26, to discuss the post-corona trade policy and domestic measures in response to the trade environment challenges amid pandemic.Minister Sung said that the government plans to respond actively to changes in the global trade environment such as global supply chain rearrangements and the rapid digital transformation through free and open trade, strengthening cooperation with t date2020-11-26

MOTIE holds ROK-Sweden Digital Economy and Trade Forum

Trade Minister Yoo Myung-hee delivered welcoming remarks on the occasion of the Korea-Sweden Digital Economy and Trade Forum, held to strengthen digital cooperation between the two countries, on November 23.She stressed the need to reorganize international norms for digital trade, and expressed expectations for further business cooperation between the two countries with outstanding ICT infrastructure.Under the theme of “Digital and Green Transformation beyond COVID-19”, the participa date2020-11-24

Korea, Turkmenistan vow to strengthen comprehensive economic cooperation

Trade, Industry and Energy Minister Sung Yun-mo attended the 8th Meeting of Korea-Turkmenistan Intergovernmental Committee on Trade-Economic and Scientific-Technical Cooperation virtually on November 23, and discussed measures to expand bilateral cooperation in various areas including trade, investment, energy plants, industry, and information and communications technology. date2020-11-24

Minister Sung holds public-private meeting to talk about RCEP

Trade, Industry and Energy Minister Sung Yun-mo held a meeting with representatives from major industries, research institutes and economic organizations in Yeouido on November 18 to discuss ways to utilize the Regional Comprehensive Economic Partnership (RCEP) effectively to encourage Korea’s exports and industrial development. Minister Sung stressed that the RCEP can be a great opportunity for a manufacturing powerhouse like Korea, and it is important to respond adequately to the post-co date2020-11-18