Ministry of Trade Industry and Resources

1st Vice Minister attends 23rd Steel Day ceremony

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the 23rd Steel Day ceremony held on June 9 at the POSCO Center Art Hall, where steel industry CEOs gathered to discuss domestic supply chain stabilization measures and mid-to-long term competitiveness strengthening solutions, followed by an ESG mutual growth fund agreement signing ceremony.   In his congratulatory message, Vice Minister Jang asserted the need for “a private-sector-led, government-backed economic st date2022-06-13

Minister Lee visits FOMEK

Trade, Industry and Energy Minister Lee Chang-yang visited the Federation of Middle Market Enterprises of Korea (FOMEK) in Seoul on June 8 to discuss policy directions for middle market companies with FOMEK Chairman Choi Jin-sik, and gathered concerns and suggestions voiced across industry circles. date2022-06-10

Trade Minister holds talks on the sidelines of OECD 2022 Ministerial Council

Trade Minister Ahn Duk-geun held bilateral talks with EU Trade Commissioner Valdis Dombrovskis and OECD Secretary-General Mathias Cormann, respectively, on the occasion of the OECD 2022 Ministerial Council Meeting through June 9-10 in Paris. First, Minister Ahn met with Commissioner Valdis Dombrovskis on June 9, where the two trade chiefs discussed the Korea-EU FTA, digital, supply chain, environment and other new trade issues. Trade Minister Ahn urged the EU to closely coordinate with the Sou date2022-06-10

Minister Lee meets with UAE Industry and Advanced Tech Minister

Trade, Industry and Energy Minister Lee Chang-yang held talks with Sultan Ahmed Al-Jaber, Minister of Industry and Advanced Technology of UAE on June 8 at the Lotte Hotel Seoul to discuss Korea-UAE industrial technology and energy supply chain cooperation. date2022-06-10

Korea and UAE to kick energy and tech cooperation into high gear

Trade, Industry and Energy Minister Lee Chang-yang met with Sultan Ahmed Al-Jaber, Minister of Industry and Advanced Technology of UAE and CEO of Abu Dhabi National Oil Company (ADNOC) at the Lotte Hotel Seoul on June 8 to discuss industrial technology and energy supply chain cooperation. The two industry chiefs agreed to expand economic cooperation onto new industries like digital transition, e-learning and bio based on the recent joint accomplishments, including the Barakah power plant, oilfi date2022-06-10

5th round of Korea-GCC FTA negotiations

The Ministry of Trade, Industry and Energy (MOTIE) chief FTA negotiator Lee Kyung-sik led the South Korean delegation in the 5th round of Korea-GCC FTA negotiations held through June 6-9 in Riyadh, Saudi Arabia. The 4th round of negotiations were held in March this year after a 13-year hiatus, where the two sides discussed their respective areas of interest. In the 5th round, talks cover products, services, investment, e-commerce, customs clearance, sanitary and phytosanitary measures (SPS), te date2022-06-09

The 5th round of Korea-GCC FTA negotiations

Trade, Industry and Energy Ministry’s chief FTA negotiator Lee Kyung-sik led the South Korean delegation in the 5th round of Korea-GCC FTA negotiations held in Riyadh, Saudi Arabia on June 6.   The senior FTA negotiator gave opening remarks and facilitated negotiations on relevant products and services, investment, e-commerce, customs clearance, sanitary and phytosanitary measures (SPS), technical barriers to trade (TBT) and SMEs collaboration.   The South Korean delegation w date2022-06-09

Minister Lee holds 1st Industrial Strategy Roundtable (Semiconductors)

Trade, Industry and Energy Minister Lee Chang-yang held the 1st Industrial Strategy Roundtable at SK Hynix headquarters in Gyeonggi-do on May 30 to discuss key issues, concerns, and the new regime’s semiconductor industry policy directions. On managing the roundtable, Minister Lee referred to the roundtable as a platform for realizing the Ministry’s innovative policy reforms. It will serve as a communication channel between the government and enterprises where industry issues can be date2022-06-08

Trade Minister meets U.S. Senator to discuss mutual investment

Trade Minister Ahn Duk-geun held talks with U.S. Senator Tammy Duckworth at the Grand Hyatt Seoul on June 3 regarding the recent Korea-U.S. summit outcomes and measures for mutual expansion of investments. date2022-06-08

1st Vice Minister attends Engineering Day 2022 Ceremony

Trade, Industry and Energy 1st Vice Minister Jang Young-jin attended the Engineering Day 2022 ceremony held at the 63 Building in Yeouido, Seoul on June 3 and delivered a congratulatory message and awarded governmental commendations to contributors of engineering industry development.   The ceremony was held to credit those that have significantly contributed to the engineering industry, as well as to congratulate everyone for their hard work. Vice Minister Jang awarded the Gold Tower Ord date2022-06-08