Ministry of Trade Industry and Resources

Korea-U.S. trade consultation

Korea’s Trade, Industry and Energy Minister Dukgeun Ahn met U.S. Trade Representative Jamieson Greer on April 24 in Washington D.C. to discuss tariffs and other bilateral trade issues. date2025-04-25

Korea-U.S. trade consultation

Korea’s Trade, Industry and Energy Minister Dukgeun Ahn and Deputy Prime Minister Choi Sang-mok met U.S. Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent on April 24 in Washington D.C. for a Korea-U.S. trade consultation. date2025-04-25

Korea Trade Commission proposes anti-dumping duty on Vietnamese cold-rolled stainless steel products

The Korea Trade Commission (KTC) under the Ministry of Trade, Industry and Energy (MOTIE) held the 459th KTC meeting today for deliberation and resolution on six agenda items. First, the KTC decided to propose the levying of anti-dumping duties on Vietnamese cold-rolled stainless steel products, giving a final determination based on investigation findings that the dumped imports have caused material injury to the domestic industries. The KTC will be suggesting a five-year anti-dumping duty of between 11.37% and 18.81% to Korea’s minister of economy and finance. With regard to sodium dithionite from China and particle board from Thailand, the KTC determined based on preliminary investigations a cause-and-effect relation between the dumped imports and injury on domestic industries. Accordingly, the KTC will be proposing provisional anti-dumping duties of between 15.15% and 33.97% on Chinese sodium dithionite products and between 11.82% and 17.19% on Thai particle board to Korea’s minister of economy and finance as a preventive measure during the main investigation period. Addressing investigations on the alleged infringement of a toner cartridge patent and mango jelly copyright, the KTC ruled that the respondents have not violated claimants’ rights and thereby have not committed acts of unfair trade practice. Concerning investigations on the alleged infringement of tent and sleeping bag trademark, the KTC decided to accept both parties’ request for suspension of investigations and closed the case. The KTC also received a report on the roll-out of investigations on an interim review of Chinese polyethylene terephthalate (PET) film. Chinese PET film was levied a five-year (May 2023–May 2028) anti-dumping duty of between 2.2% and 36.98% in May 2023, but the recent rise in import shipments and lowered import unit price led to four Korean firms requesting an interim review on Chinese firms Tianjin Wanhua and Kanghui New Material Technology based on allegations of an increased dumping rate in 2024 compared to that of the anti-dumping investigation period in 2021. Should the KTC’s investigation findings over the next six months confirm an increased dumping rate, the KTC can propose to the Korean economy and finance minister that a revised dumping rate be imposed until the anti-dumping duty expires in 2028. Meanwhile, the KTC held a public hearing on the same day on domestic industry’s injury from imports of Chinese stainless steel plates, for which investigations were initiated in September 2024, to grant interested parties sufficient opportunity to make statements and ensure their rights of defense. The said products are currently subject to a provisional anti-dumping duty of 21.6% and await a final determination in the first half of this year following domestic and overseas due diligence procedures.   date2025-04-24

No facts confirmed of news article reporting that Chinese gov’t sent Korean companies an official warning letter as export control measure on Chinese rare earth elements

A news article by Hankyung on April 22 reported that the Chinese government sent Korean firms an official letter warning of sanctions should they export to U.S. arms companies any products manufactured using Chinese rare earth elements. The news article further claimed that this may seriously impede Korea’s exports. The Korean government is in the process of checking whether the news article is based on facts by communicating with the Chinese government and relevant industries. As of yet, no facts have been confirmed concerning any Korean company receiving such warning letters from the Chinese government. The Korean government plans to closely monitor the export controls of major trading partners and will make the utmost effort towards resolving domestic supply chain issues through communication and consultation with relevant countries.   date2025-04-23

Korea-Turkmenistan high-level talks on plant cooperation

Minister of Trade, Industry and Energy of the Republic of Korea Dukgeun Ahn and Deputy Chairman of the Cabinet of Ministers of Turkmenistan for Construction and Industrial Complex Baymyrat Annamammedov held Korea-Turkmenistan high-level talks in Seoul on April 18 and discussed bilateral plant cooperation. date2025-04-21

Türkmenabat mineral fertilizer plant PJT framework agreement ceremony

Korea’s Minister of Trade, Industry and Energy Dukgeun Ahn and Deputy Chairman of the Cabinet of Ministers of Turkmenistan for Construction and Industrial Complex Baymyrat Annamammedov attended a signing ceremony for the Framework Agreement on a $700 million mineral fertilizer plant project to be commissioned by “Turkmenhimiya” State Concern, in which Korea’s Daewoo E&C will participate as a contractor. date2025-04-21

Minister Ahn attends AMCHAM Evolving Energy Forum

Korea’s Minister of Trade, Industry and Energy Dukgeun Ahn attended the AMCHAM Evolving Energy Forum on April 18 in Seoul held under the theme of “Opportunities in the Korea-U.S. Partnership” and gave a congratulatory address. date2025-04-21

Korea and Turkmenistan kick plant cooperation into high gear

Minister of Trade, Industry and Energy of the Republic of Korea Dukgeun Ahn and Deputy Chairman of the Cabinet of Ministers of Turkmenistan for Construction and Industrial Complex Baymyrat Annamammedov held Korea-Turkmenistan high-level talks in Seoul on April 18 and discussed bilateral plant cooperation. Prior to the talks, a signing ceremony for the Framework Agreement on a mineral fertilizer plant project, worth 700 million US dollars, was held. This project will be commissioned by “Turkmenhimiya” State Concern and Korea’s Daewoo E&C will participate as a contractor. Once completed, the plant will process phosphorus extracted from mining phosphate rocks in the Türkmenabat region to produce fertilizers, which is anticipated to help improve Turkmenistan’s industrial and agricultural productivity and diversify the country’s export portfolio.   During the high-level talks, Minister Ahn proposed a swift conclusion of the final agreement for the Türkmenabat mineral fertilizer plant project and requested the Turkmen government’s support for Korean companies to ensure their participation in additional plant projects going forward. date2025-04-18

Minister Ahn chairs meeting with Korean firms in Vietnam

Korea’s Minister of Trade, Industry and Energy Dukgeun Ahn chaired a conference with Korean firms locally operating in the Vietnamese market on April 14 in Hanoi on the margins of Korea-Vietnam intergovernmental meetings with the participation of representatives of companies like Hyundai Motor, Samsung Electronics, and Doosan Enerbility for discussions on trade issues and support measures. date2025-04-16

Minister Ahn visits Samsung Electronics R&D Center in Hanoi

Korea’s Minister of Trade, Industry and Energy Dukgeun Ahn visited Samsung Electronics R&D Center in Hanoi, Vietnam, on April 14 and received a briefing on business issues and toured major facilities, encouraging the employees. date2025-04-16