Ministry of Trade Industry and Resources

Korea-EU talks on energy cooperation and IRA joint measures

Deputy Trade Minister Jeong Dae-jin met with European Parliament Vice-President Othmar Karas and Industry, Research and Energy Committee Chair Cristian Busoi on September 21 at the Lotte Hotel Seoul to discuss Korea’s new energy and industrial policies under the new regime, as well as technology and energy R&D cooperation, supply chain and joint measures against the recently signed U.S. Inflation Reduction Act (IRA). date2022-09-22

2nd Vice Minister attends 29th Korea Gas Safety Awards

Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the 29th Korea Gas Safety Awards ceremony to award government commendations to persons that contributed to the advancement of Korea’s gas and hydrogen industry.   In the ceremony, Vice Minister Park gave a congratulatory message, and awarded 38 orders of merit and medals of honor to commend those that contributed to developing the hydrogen mobility industry, such as producing Korea’s first hydrogen fuel cell con date2022-09-21

Trade Minister holds multiple talks with U.S. officials over IRA issue

Trade Minister Ahn Duk-geun visited the U.S. and held talks with various members of Congress on the Inflation Reduction Act (IRA)’s discriminatory measures against Korean electric vehicles (EVs), relaying Korea’s stance and possible solutions.   Minister Ahn met with a number of U.S. officials, including Senator Debbie Stabenow, U.S. Trade Representative Katherine Tai and Senator Todd Young, and emphasized the importance of ROK-U.S. cooperation and raised serious concerns over date2022-09-21

Trade Minister attends IPEF Ministers' Meeting

Trade Minister Ahn Duk-geun attended the Indo-Pacific Economic Framework (IPEF) Ministerial Meeting held on September 8 in Los Angeles to discuss the four pillars of IPEF, namely trade, supply chain, clean economy and fair economy with the attending 13 other countries, including the U.S., Japan and Australia. date2022-09-21

Minister attends International Forum on Resilient and Stable Industrial Supply Chains

Trade, Industry and Energy Minister Lee Chang-yang attended the International Forum on Resilient and Stable Industrial Supply Chains held in China by videoconferencing on September 19 and gave a congratulatory message for its opening ceremony.   The forum was first proposed by China during the G20 meetings in October 2021, and hosted by the Ministry of Industry and Information Technology (MIIT) on September 18-19, with the participation of international organizations and various countries date2022-09-20

Trade Minister attends ASEAN meetings in Cambodia

Trade Minister Ahn Duk-geun attended the ASEAN Ministers’ Meetings held through September 16-18 in Siem Reap, Cambodia to discuss ROK-ASEAN FTA enhancement, industrial technology, digital, climate change response and RCEP utilization.   During the 19th ROK-ASEAN Economy Ministers’ Meeting (September 16), South Korea and ASEAN agreed to deepen trade and investments and engage in joint R&D for expansion of sensitive items’ free trade and scope of cooperation in respons date2022-09-20

7th round of ROK-Ecuador SECA negotiations

The Ministry of Trade, Industry and Energy (MOTIE) announced on September 20 that the seventh round of negotiations for ROK-Ecuador SECA (Strategic Economic Cooperation Agreement) will be held through September 20-October 5 via videoconferencing. The bilateral SECA negotiations were restarted in Seoul after a six-year hiatus, and the talks saw substantial progress in narrowing the opinion gap despite a rather long break. The seventh round of negotiations will be held entirely via videoconferen date2022-09-20

Minister attends International Forum on Resilient and Stable Industrial Supply Chains

Trade, Industry and Energy Minister Lee Chang-yang attended the International Forum on Resilient and Stable Industrial Supply Chains held in China by videoconferencing on September 19 and gave a congratulatory message for its opening ceremony. The forum was first proposed by China during the G20 meetings in October 2021, and hosted by the Ministry of Industry and Information Technology (MIIT) on September 18-19, with the participation of international organizations and various countries’ date2022-09-20

Outcomes of ASEAN Ministers’ Meetings

Trade Minister Ahn Duk-geun attended the ASEAN Ministers’ Meetings held through September 16-18 in Siem Reap, Cambodia to discuss ROK-ASEAN FTA enhancement, industrial technology, digital, climate change response and RCEP utilization. Minister Ahn also held bilateral talks with the Philippines, Australia and New Zealand on various trade issues and requested support for World EXPO 2030 Busan. These ASEAN Ministerial meetings were the first in-person talks in three years since the COVID-19 date2022-09-19

MOTIE attends 2nd Industry & Energy GHG Reduction Council Meeting

Trade, Industry and Energy 2nd Vice Minister Park Il-jun attended the 2nd Industry & Energy Greenhouse Gas (GHG) Reduction Council Meeting on September 16 in Seoul for the KOTRA-GGGI (Global Green Growth Institute) MOU signing ceremony.   In his opening remarks, Vice Minister Park emphasized that greenhouse gas emission reduction project is humanity’s means of countering climate change, and is also a measure to expand exports and new job openings through domestic companies&r date2022-09-19