Ministry of Trade Industry and Resources

The Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim) held the 59th Trade Promotion Committee on August 26, 2026, at the Government Complex Sejong. Minister for Trade Jung Sung Park of MOTIR chaired the meeting—his first Trade Promotion Committee meeting since taking office—with officials from relevant ministries and agencies in attendance. The agenda covered recent trade issues with the United States and next steps; plans to pursue bilateral agreements with Argentina and Uruguay; and the latest discussions on the G20 trade agenda and Korea’s approach.

The Committee first reviewed recent trade issues with the United States and comprehensively discussed how to respond across a range of key areas, including tariffs, non-tariff measures, and strategic investment in the United States. The ministries agreed to share information and coordinate closely so they can respond quickly as conditions change. They also agreed to mobilize the full capabilities of the government to help Korean companies export and invest without disruption.

Participants then discussed plans to pursue bilateral agreements with Argentina and Uruguay. They also explored ways to build a stronger foundation for cooperation with major South American countries, where Korea’s trade network remains relatively limited. Ahead of the G20 Trade Ministerial from September 30 to October 1, 2026, Committee members shared updates on the progress of discussions on key agenda items and reviewed how Korea would address those items.

“At a time of considerable uncertainty in the trade environment, it is essential that we remain steadfast in addressing trade issues” Minister Park said. “At the same time, we must diversify our trade network by building ties with new markets, including South America, and ensure that Korea’s positions are fully reflected in multilateral forums such as the G20.” He added, “To that end, I ask the relevant ministries to work from a shared understanding of the situation and draw on their capabilities to respond as one team.”

Korea will continue to strengthen government-wide coordination through the Trade Promotion Committee and respond effectively to major trade issues.