Ministry of Trade Industry and Resources

MOTIE holds Meeting on Russia-Ukraine Crisis Impact on Major Businesses & Exports

Trade Minister Yeo Han-koo presided the “Russia-Ukraine Crisis Impact Assessment on Major Businesses & Exports' meeting on February 22 at the K-Sure headquarters in Seoul in light of the recent geopolitical situation. This meeting was convened for the purpose of assessing repercussions from the current Russia-Ukraine conflict escalation on Korea’s businesses and exports, and to provide exports stimulus through support measures. Minister Yeo discussed future import and export pro date2022-02-23

Minister Moon attends Dialogue with Foreign-Invested Companies

Trade, Industry, and Energy Minister Moon Sung-wook attended the Dialogue with Foreign-Invested Companies presided by President Moon Jae-in at the Blue House on February 17, where representatives of Chambers of Commerce, foreign-invested companies, government officials, and Korea Trade-Investment Promotion Agency (KOTRA) gathered under the theme of “K Dream,” promoting win-win growth of Korea’s economy and foreign-invested companies. The event was convened amidst Korea’s date2022-02-22

Korea and Indonesia sign MOU on “Cooperation of Critical Minerals”

Trade, Industry, and Energy Minister Moon Sung-wook held talks with Indonesia’s Energy and Mineral Resources Minister Arifin Tasrif in Jakarta on February 21, where the two countries signed the Korea-Indonesia MOU on “Cooperation of Critical Minerals.”   During the meeting, the two Ministers shared views on bilateral cooperation across various areas, including core minerals like nickel and rare earth elements, LG Energy Solution Grand Package (mineral lot), electric date2022-02-22

MOTIE leads public-private joint efforts amid global chip race

Trade, Industry, and Energy Minister Moon Sung-wook attended the Semiconductor Investment Promotion Conference at the Lotte Hotel Seoul on February 16, held to strengthen the semiconductor industry supply chain and bring about an innovation across Korean companies’ competitiveness landscape. Addressing the rising uncertainties in view of the recent supply chain realignment, Russia-Ukraine geopolitical risk, raw materials price surge, and natural disasters from climate change, attendees ag date2022-02-21

MOTIE aims to achieve both “quarantine” and “economy” through BCP

Trade, Industry, and Energy Minister Moon Sung-wook visited the Jusung Engineering R&D Center located in Yongin-si, Gyeonggi-do on February 17 in order to inspect domestic companies’ Omicron response quarantine conditions. Jusung Engineering is a mid-sized producer of semiconductors, displays, and solar cells, employing 536 workers and having generated KRW 236 billion in sales revenue as of Q3 2021. The visit was made in recognition of the growing importance of companies’ pand date2022-02-21

Minister Moon visits company for quarantine system inspection

Trade, Industry, and Energy Minister Moon Sung-wook visited the Jusung Engineering R&D Center located in Yongin-si, Gyeonggi-do on February 17 in order to inspect domestic companies’ Omicron response quarantine conditions. In his opening message, Minister Moon noted how Jusung Engineering’s well-prepared quarantine program is helping to minimize work halts during emergencies. He went on to emphasize the need for a preemptive yet practical quarantine system in consideration date2022-02-18

Trade Minister attends 14th Trade Advisory Committee Meeting 

Trade Minister Yeo Han-koo attended the 14th Private Sector Trade Advisory Committee Meeting at the Lotte Hotel Seoul on February 16 to discuss national wealth creating trade implementation plans and government policy directions.   After his opening message, Minister Yeo went on to discuss various issues, including the status quo and future plans for national wealth creating trade, Korea’s application and follow-up measures for the Comprehensive and Progressive Agreement for Trans-P date2022-02-17

Minister Moon attends Semiconductor Investment Promotion Conference

Trade, Industry, and Energy Minister Moon Sung-wook attended the Semiconductor Investment Promotion Conference at the Lotte Hotel Seoul on February 16, held for the strategic development of domestic companies and Government in view of today’s supply chain reshuffle, global semiconductor industry changes and hegemonic race for technology. In his opening message, Minister Moon emphasized that the semiconductor enterprise is the most important asset and major driver behind Korea’s robu date2022-02-17

Trade Minister holds Korea-New Zealand talks

Trade Minister Yeo Han-koo held an online meeting with New Zealand Trade and Export Growth Minister Damien O’Connor on February 15. The two trade chiefs exchanged views on major trade issues, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Digital Economy Partnership Agreement (DEPA), and the Indo-Pacific economic framework. Minister Yeo extended request for New Zealand’s support as Korea is currently seeking to submit an official appli date2022-02-17

Trade Minister holds Korea-New Zealand talks

Trade Minister Yeo Han-koo held an online meeting with New Zealand Trade and Export Growth Minister Damien O’Connor on February 15.   The two trade chiefs exchanged views on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Indo-Pacific economic framework, and other major trade issues. The CPTPP involves 11 nations, including New Zealand, Japan, Australia, Canada and Mexico, which accounted for 15 percent of global trade volume as of 2019. &nbsp date2022-02-16