Ministry of Trade Industry and Resources

Trade Minister Attends U.S. CSI Roundtable

Trade Minister Yeo Han-koo of the Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim) attended the U.S. Coalition of Services Industries (CSI) Roundtable held in Washington, D.C., on January 12, 2026 (local time), where he gathered views from the U.S. services industry. The roundtable was attended by Christine Bliss, President of CSI, along with CSI officials and member companies. date2026-01-13

Roundtable with A&P IEEPA

Trade Minister Yeo Han-koo of the Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim) attended the A&P IEEPA Roundtable held in Washington, D.C., on January 12, 2026 (local time), where he discussed trade-related implications in preparation for a forthcoming ruling under the International Emergency Economic Powers Act (IEEPA). The roundtable was attended by John P. Elwood, Head of Appellate and Supreme Court Practice at A&P, along with other A&P officials. date2026-01-13

Korea’s Trade Minister to Meet with U.S. Officials, Members of Congress, and Industry Leaders to Discuss Key Korea–U.S. Trade Issues

Trade Minister Yeo Han-koo of the Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim) will visit Washington, D.C., January 11–14, 2026 (local time), to meet with key stakeholders—including the Office of the U.S. Trade Representative (USTR), relevant U.S. government agencies, members of Congress, and industry representatives—and discuss Korea–U.S. trade issues. The visit comes as the U.S. Supreme Court considers the legality of reciprocal tariffs imposed under the International Emergency Economic Powers Act (IEEPA). During the trip, Trade Minister Yeo will closely track developments and consult with relevant agencies and industry to explore response options to minimize potential impacts on businesses. Trade Minister Yeo will also hear concerns from members of Congress and industry stakeholders regarding Korea’s domestic digital legislation, while underscoring that it is neither discriminatory toward U.S. companies nor intended to create unnecessary barriers. In meetings with the USTR, Trade Minister Yeo will review progress on preparations for the Korea–U.S. Free Trade Agreement (FTA) Joint Committee and coordinate details, including the agenda and schedule. Trade Minister Yeo emphasized, “As Korea moves forward with legislation in areas such as digital policy, it is important to maintain a stable Korea–U.S. trade environment through thorough stakeholder consultations and close coordination among relevant ministries. date2026-01-12

MOTIR Holds Roundtable with AMCHAM

JK (Jung-Kwan) Kim, Minister of Trade, Industry and Resources (MOTIR), attended a roundtable with members of the American Chamber of Commerce in Korea (AMCHAM), including James Kim, Chairman and CEO of AMCHAM, and representatives of major U.S. companies operating in Korea, at the Mugunghwa Hall of the Government Complex Seoul on January 9, 2026. Held at AMCHAM’s request, the meeting focused on gathering feedback and hearing about challenges faced by U.S. companies investing in Korea, as well as strengthening communication to support their investment activities. Minister Kim stated, “We will work to reflect feedback from AMCHAM member companies in our policies, while continuing to create a more predictable and stable investment environment for foreign-invested companies.” date2026-01-12

Industry Briefing on the Conclusion of Korea–UK FTA Upgrade Negotiations

Kwon Hye-jin, Director General for Trade Negotiations at the Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim), attended the industry briefing on the conclusion of the Korea–UK Free Trade Agreement (FTA) upgrade negotiations held at Lotte Hotel Seoul on Thursday, January 8, 2026. Following her opening remarks, Director General Kwon shared with industry stakeholders the outcomes of the Korea–UK FTA upgrade negotiations concluded on December 15, 2025. The briefing was attended by officials from relevant ministries, representatives of related institutions, and executives from companies across the manufacturing and services sectors. date2026-01-12

MOTIR Minister Encourages U.S. Companies to Expand Investment in Korea

Minister of Trade, Industry and Resources (MOTIR) JK (Jung-Kwan) Kim held a meeting with members of the American Chamber of Commerce in Korea (AMCHAM), including U.S. foreign-invested companies operating in Korea, on Friday afternoon, January 9, 2026, at the Mugunghwa Hall of the Government Complex Seoul. The meeting was arranged at AMCHAM’s request amid the signing of a memorandum of understanding on strategic investment between Korea and the United States in November last year and the subsequent proposal of the Special Act for Korea–U.S. Strategic Investment Management. Discussions focused on gathering feedback and hearing about the challenges faced by U.S. foreign-invested companies operating in Korea, as well as on strengthening communication to better support their investment activities. During the meeting, Minister Kim expressed his appreciation for the fact that U.S. investment in Korea reached a record high last year, noting that the increase comes at a time when Korean firms are also expanding investment in the U.S. following the conclusion of bilateral tariff negotiations. He assessed that this trend reflects the mutually beneficial development of investment cooperation between the two countries. The meeting was attended by James Kim, Chairman and CEO of AMCHAM Korea, along with representatives of major American companies investing in Korea. Participants shared their views on issues such as Korea–U.S. tariff negotiations on individual products and foreign investment incentive schemes. Minister Kim stated, “The government will reflect feedback from AMCHAM member companies in its policies, while continuing to create a more predictable and stable investment environment for foreign-invested companies.” Looking ahead to 2026, Minister Kim expressed hope that bilateral cooperation would further deepen in advanced and future-oriented industries, and encouraged U.S. companies to continue expanding their investment in Korea. MOTIR plans to carefully review the suggestions raised at the meeting and maintain close communication with key foreign-invested companies. date2026-01-12

UK Export Benefits to See Major Changes: MOTIR Briefs Industry on Outcomes of Korea–UK FTA Upgrade

The Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim) held an industry briefing on Thursday, January 8, 2026, at Lotte Hotel Seoul to explain the outcomes of the Korea–UK Free Trade Agreement (FTA) upgrade negotiations concluded on December 15, 2025. The briefing was attended by Kwon Hye-jin, Director General for Trade Negotiations at MOTIR, along with representatives from export-related institutions—including the Korea Trade-Investment Promotion Agency (KOTRA) and the Korea International Trade Association (KITA)—and major companies from the manufacturing and services sectors. The event highlighted the practical benefits of the upgraded Korea–UK FTA, which reflects changes in the trade environment following the United Kingdom’s withdrawal from the European Union (Brexit). The program featured two sessions: one covering achievements in manufacturing and investment, and another focusing on outcomes in the services sector. In addition to gains in traditional manufacturing industries such as automobiles, the briefing underscored key services and investment-related achievements, including eased entry for Korean professionals into the UK, market access for webtoons and online games, and efforts to promote a co-production agreement in the audiovisual services sector. These outcomes are expected to enhance FTA utilization by Korean service companies and expand their access to the UK market. Director General Kwon stated, “More important than concluding an FTA is ensuring that companies can effectively utilize it in practice,” adding that “the government will continue to engage closely with industry and focus policy efforts on supporting and expanding Korean companies’ presence in the UK market.” MOTIR also plans to expedite follow-up procedures required for the agreement’s entry into force, including legal reviews and the Korean translation of the agreement text, to ensure that industry can benefit from the outcomes of the negotiations as early as possible. date2026-01-09

EU CBAM Enters Full Implementation; Government and Industry Coordinate Response

The Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim) convened a meeting with industry stakeholders on the EU’s Carbon Border Adjustment Mechanism (CBAM) on January 8, 2026, at the Korea Iron & Steel Association. On this occasion, MOTIR and the steel industry reviewed the implications of the CBAM’s full implementation and discussed future response strategies. The CBAM entered into full force on January 1, 2026, under which carbon costs will be levied on importers of covered products entering the EU market. The EU completed legislative amendments aimed at simplifying the CBAM in October last year and, in December, enacted or revised nine secondary regulations, including methodologies for calculating carbon emissions. The remaining secondary regulations, which cover issues such as carbon prices paid in third countries, are expected to be released in the first half of this year. Major domestic steelmakers attending the meeting noted that they had established compliance systems in advance during the transitional period and therefore expected to navigate regulatory changes following the CBAM’s full entry into force. They also assessed that the EU’s recent announcements on secondary regulations have helped reduce uncertainty and highlighted that verification can now be conducted through EU-accredited domestic verifiers. At the same time, the industry called for continued intergovernmental cooperation to ensure that Korea’s industrial characteristics are duly reflected in addressing remaining ambiguities. Lee Jae-keun, Director General for New Trade Strategy and Policy at MOTIR, stated, “As the EU plans to pursue further legislative amendments through the end of this year, MOTIR will continue working with the EU to reflect the characteristics of Korean industries.” He added, “The government will communicate with EU authorities on implementation-related uncertainties and promptly provide guidance to industry.” MOTIR will pursue additional consultations with the EU based on the industry feedback gathered at the meeting and, in cooperation with relevant ministries, develop support measures in response to the CBAM’s full implementation. date2026-01-08

2025 Foreign Direct Investment Briefing

Nam Myung-woo, Acting Director General for Cross-Border Investment Policy at the Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim), delivered a briefing to the press on Korea’s 2025 foreign direct investment performance at the Government Complex Sejong on Wednesday, January 7, 2026. During the briefing, Acting Director General Nam noted that Korea’s annual foreign direct investment in 2025, based on investment notifications, rose 4.3 percent year-on-year to USD 36.1 billion, marking the highest level on record, while funds received increased 16.3 percent to $18.0 billion, ranking third highest on record. The briefing was followed by a question-and-answer session with members of the press corps. date2026-01-07

Korea’s Annual Foreign Direct Investment Hits All-Time High of $36.1 Billion

Korea’s annual foreign direct investment (FDI) on a notification basis reached USD 36.1 billion in 2025, up 4.3 percent year-on-year and marking an all-time high. Actual inflows also increased 16.3 percent year-on-year to $18.0 billion, the third-highest figure on record. Despite a steep decline in investment during the first half of 2025 (down 14.6 percent), overall investor sentiment recovered following the launch of the new administration, which helped restore confidence in Korea’s economy and industries and reduce uncertainty. In particular, the government’s strong policy drive in artificial intelligence (AI), combined with proactive investment promotion efforts surrounding the Gyeongju APEC Summit, proved effective. In addition to quantitative growth, the quality of investment also improved. Greenfield investment, which has a strong impact on regional economic revitalization and job creation, reached its highest level to date. High-quality investments linked to advanced industries such as AI, semiconductors, and biotechnology also expanded, supporting expectations that these inflows will contribute significantly to the development of Korea’s economy and industries. By type, greenfield investment notifications rose 7.1 percent year-on-year to $28.6 billion, the highest level on record. M&A investment totaled $7.5 billion, down 5.1 percent from the previous year; however, the pace of decline narrowed significantly after a sharp drop of 54.0 percent in the third quarter. By industry, manufacturing investment increased 8.8 percent year-on-year to $15.8 billion, led by notable investment in key materials for advanced industries, reflecting efforts to strengthen supply chains amid external uncertainty. Investment rose sharply in chemicals (up 99.5 percent to $5.8 billion) and metals (up 272.2 percent to $2.7 billion), while declines were recorded in electrical and electronics (down 31.6 percent to $3.6 billion), as well as machinery and medical precision equipment (down 63.7 percent to $0.9 billion). Services investment also expanded, rising 6.8 percent year-on-year to $19.1 billion, supported by increased investment in AI data centers and online platforms. Growth was concentrated in distribution (up 71.0 percent to $2.9 billion), information and communications (up 9.2 percent to $2.3 billion), and research and development, professional, and scientific services (up 43.6 percent to $2.0 billion), while finance and insurance recorded a decline (down 10.6 percent to $7.5 billion). By source country, investment from the United States expanded mainly in metals, distribution, and information and communications, reaching $9.8 billion, up 86.6 percent year-on-year. Investment from the European Union increased to $6.9 billion (up 35.7 percent), driven largely by chemicals and distribution. In contrast, investment from Japan declined 28.1 percent to $4.4 billion, while investment from China fell 38.0 percent to $3.6 billion. Building on the momentum from last year’s strong performance, MOTIR will expand incentives for foreign investment linked to regional development in 2026, actively identify and improve unreasonable regulations affecting foreign-invested companies, and continue efforts to create a more predictable and stable investment environment. date2026-01-07