Ministry of Trade Industry and Resources

Korea Discusses Preparatory Measures for the 14th WTO Ministerial Conference

Trade Minister Yeo Han-koo of the Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim) convened the WTO Multilateral Trade Strategy Meeting on Wednesday, December 10, 2025, together with the Ministry of Economy and Finance (MOEF), the Ministry of Foreign Affairs (MOFA), the Ministry of Agriculture, Food and Rural Affairs (MAFRA), the Ministry of Oceans and Fisheries (MOF), and the Permanent Mission of the Republic of Korea in Geneva. With the 14th WTO Ministerial Conference set for March 26–29, 2026, in Cameroon, participants examined recent developments and Korea’s response strategies regarding key agenda items for MC14 and the WTO General Council on December 16–17, 2025. These included WTO reform, incorporation of the Investment Facilitation for Development (IFD) Agreement and the E-commerce Agreement into the WTO system, and negotiations on agriculture and fisheries subsidies. The IFD Agreement, currently supported by 128 participating members, was concluded at MC13 under Korea’s co-chairmanship. Korea has since worked to incorporate it into the WTO system, including through the adoption of a supporting statement at APEC in May 2025 and the hosting of an IFD session at the WTO Public Forum in September 2025. Trade Minister Yeo noted, “Amid growing global trade uncertainties, enhancing the WTO’s relevance and restoring the multilateral trading system are vital to ensuring a predictable trade and investment environment for Korean businesses.” He emphasized the need to work closely with relevant ministries and like-minded members to achieve meaningful outcomes at MC14, including incorporation of the IFD Agreement and extension of the E-commerce Moratorium. date2025-12-10

Korea to Strengthen Economic and Trade Cooperation with India, a Key Country in the New Southern Region

Trade Minister Yeo Han-koo of the Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim) met with Gourangalal Das, the newly appointed Ambassador of India to the Republic of Korea, on Wednesday, December 10, 2025, at the Korea Chamber of Commerce and Industry. The two sides held wide-ranging discussions on ways to expand economic and trade cooperation between Korea and India. Trade Minister Yeo underscored India’s role as a key country in the New Southern region and a major economic cooperation partner for Korea. He expressed hope that the two countries would further deepen their partnership by generating tangible economic outcomes in areas with strong cooperation potential, such as shipbuilding, critical minerals, and greenhouse gas reduction. Ambassador Das reaffirmed his commitment to advancing bilateral economic and trade cooperation during his tenure. Both sides shared the view that improving the Korea–India Comprehensive Economic Partnership Agreement (CEPA) is necessary to establish a mutually beneficial trade framework and expand bilateral economic and trade cooperation. They agreed to maintain close communication to resume upgrade negotiations as soon as possible. Trade Minister Yeo also noted that more than 670 Korean companies currently operate in India but continue to face challenges due to non-tariff barriers, including BIS certification requirements and trade remedy measures. He requested India’s support to ensure that these companies can continue contributing to bilateral economic cooperation. MOTIR will work closely with the Embassy of Korea, KOTRA trade offices, Korea Plus in India, and other local support institutions to foster a stable business environment for Korean companies operating in India. date2025-12-10

Ministry Advances Preparations for Korea–U.S. FTA Joint Committee and Korea–UK FTA Upgrade Negotiations

The Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim) convened the 52nd Trade Promotion Committee on Wednesday, December 10, 2025, at the Korea Chamber of Commerce and Industry in Seoul. Chaired by Trade Minister Yeo Han-koo, the meeting brought together relevant ministries to discuss plans for the upcoming Korea–U.S. FTA Joint Committee, assess progress on the Korea–UK FTA upgrade negotiations, and examine key trade issues involving the EU, Mexico, and Canada, as well as recent developments related to the U.S. IEEPA lawsuit. The government aims to convene the Korea–U.S. FTA Joint Committee within the year based on the Korea–U.S. Joint Fact Sheet (JFS), which outlines agreed commitments in areas such as automobiles, agriculture, and digital trade. MOTIR will work closely with relevant ministries to ensure thorough preparations and develop concrete implementation measures. Regarding the Korea–UK FTA upgrade negotiations, the government reaffirmed its commitment, made at the June 2025 G7 Summit, to conclude negotiations by the end of the year. Ministries will strengthen coordination to resolve remaining issues in the services, investment, and digital sectors. Participants also discussed major trade developments—including steel import restrictions by the EU and Canada, Mexico’s tariff announcements, and developments in the U.S. IEEPA lawsuit—and reviewed Korea’s response strategies. Trade Minister Yeo emphasized that “although the Korea–U.S. tariff negotiations have been concluded, stable management of non-tariff issues remains critically important,” and called for “active inter-ministerial cooperation as the government prepares for the Joint Committee.” He also underscored the government’s commitment to “remain vigilant and pursue proactive response measures as major economies beyond the U.S. expand protectionist measures and global trade conditions remain volatile." date2025-12-10

Korea to Promote Balanced Regional Growth Through FDI

The Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim) convened the third Central–Local Government Policy Council on Foreign Direct Investment on Wednesday, December 10, 2025. Chaired by Director-General for Trade and Investment Kang Gam-chan, the meeting brought together representatives from 13 metropolitan cities and provinces, along with five Free Economic Zone (FEZ) authorities, the Korea Trade-Investment Promotion Agency (Invest KOREA), and the Korea Industrial Complex Corporation (KICOX), to discuss FDI attraction strategies to support Korea’s transition from a Seoul Capital Area-centered, single-core structure to a regionally led, multi-core structure built around the Five Mega-Regions and Three Special Self-Governing Provinces. Approximately 75 percent of Korea’s FDI inflows from 1998 to 2024 were concentrated in the Seoul Capital Area, suggesting that regional imbalances persisted even after taking Korea’s capital-region-centered economic structure into account. Against this backdrop, the council discussed policy directions to use FDI to promote growth across Five Mega-Regions and Three Special Self-Governing Provinces and to attract more foreign investment to regional areas, particularly in advanced technologies, critical supply chains, and other strategic industries. Participants also discussed measures to encourage investment and accelerate implementation, including strategic investor relations (IR) outreach, support for foreign investment zones, and efforts to address on-the-ground business difficulties.  At the meeting, Director-General Kang said, “MOTIR will expand incentives, including cash grants, to steer FDI toward key regional hubs.” Representatives of metropolitan cities and provinces also pledged to step up efforts to attract foreign investment by building on their regional strengths. MOTIR will incorporate industry feedback and expert input from the meeting into its 2026 FDI policy agenda. The ministry will also continue to strengthen central–local coordination by holding semiannual councils on FDI and trade. date2025-12-10

Korea and the EU to Establish a “Next Generation Strategic Dialogue” on Economic Security and Supply Chains

Trade Minister Yeo Han-koo of the Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim) visited Brussels, Belgium, from December 1 to December 3, 2025, and met with senior European Union officials, including Maroš Šefčovič, Commissioner for Trade and Economic Security, and Borys Budka, Chair of the European Parliament’s Committee on Industry, Research and Energy (ITRE). Their discussions covered a wide range of key trade issues and future cooperation measures, including the establishment of a future-oriented Korea–EU cooperation framework, the EU’s planned steel tariff rate quota (TRQ) system, the EU Battery Regulation, the Carbon Border Adjustment Mechanism (CBAM), the Foreign Subsidies Regulation (FSR) investigation related to the Czech nuclear project, and the Korea–EU Digital Trade Agreement (DTA).  The visit aimed to reinforce the mutually beneficial and strategic partnership between Korea and the EU amid rapid changes in the global trade landscape—including rising protectionism and supply chain restructuring—as well as to resolve trade barriers facing Korean companies entering the EU market. The two sides recognized their long-standing partnership based on shared values of free trade and a market economy and agreed to maintain close communication to respond proactively to global overcapacity, the spread of protectionism, and the transition toward carbon neutrality. They also committed to deepening cooperation in supply chains, digital trade, and economic security. Key Outcomes and Discussions  Both sides agreed that the current Korea–EU FTA is insufficient for addressing emerging issues such as digital trade, supply chains, and economic security. Korea proposed enhancing cooperation by managing potential trade and investment risks for Korean firms in the EU and deepening high-level engagement on emerging trade issues. The two sides agreed to launch a Next Generation Strategic Dialogue on Trade, Supply Chains & Technology in the first half of 2026. Korea called for favorable consideration under the EU’s planned steel import restrictions, including stable quota allocation or possible TRQ exemption. The EU responded that Korea is being considered among the First Group of negotiation partners and that it would explore measures to mitigate potential impacts on Korean companies. Korea also urged the EU to support battery-sector investors and reduce regulatory uncertainty by swiftly finalizing the implementing rules under the Battery Regulation, ensuring coherence with related EU policies, and recognizing batteries as part of the Energy Intensive Industry Sector. Chair Borys Budka emphasized that Korea and Europe have become deeply interdependent partners in the battery supply chain and proposed expanding practical cooperation, including potential joint-production models. Korea welcomed recent improvements in CBAM rules but urged the EU to finalize emissions-calculation methodologies and verifier standards to reduce uncertainty. Korea also cautioned that expanding CBAM coverage to downstream products could burden SMEs and stressed that any such expansion should follow sufficient impact assessments. Korea emphasized the need to avoid double regulation for countries with emissions-trading schemes such as K-ETS. Korea expressed serious concern over the FSR investigation related to Korea Hydro & Nuclear Power’s bid for the Czech nuclear project, stating that the bid was selected through fair competition and involved no market-distorting subsidies. Korea requested a careful and impartial review. Both sides agreed to complete domestic procedures promptly so that the Korea–EU DTA can be signed at the next high-level meeting. date2025-12-05

Korea–U.S. to Strengthen Supply Chain Cooperation Through Standardization

The Korean Agency for Technology and Standards (KATS, President Kim Dae-ja) under the Ministry of Trade, Industry and Resources (MOTIR) held the 5th Korea–U.S. Standards Forum on Thursday, December 4, 2025, at The Shilla Seoul. The event brought together more than 60 public and private sector experts from both countries, including the President of the American National Standards Institute (ANSI), representatives from the U.S. National Institute of Standards and Technology (NIST), and Microsoft.  At the forum, Korea and the U.S. presented recent standardization trends in advanced industries, including AI, future mobility, semiconductors, and quantum technology. Experts then gathered in subcommittee meetings to discuss ways to strengthen bilateral cooperation and lead international standardization efforts. Prior to the forum, KATS and ANSI held their regular bilateral meeting on Wednesday, December 3, 2025, to share their five-year national standardization strategies and discuss practical cooperation measures—including enhanced collaboration within international bodies such as ISO and IEC. The forum focused on technology standards cooperation to support the expansion of Korea–U.S. industrial collaboration, following the recent signing of the Strategic Trade and Investment Deal. Both sides affirmed that standards ensuring the interoperability and reliability of advanced technologies are essential to competitiveness and agreed to reinforce joint efforts in global standardization. KATS President Kim Dae-ja stated, “Strengthening Korea–U.S. standards cooperation in AI, future mobility, and other advanced technologies will deliver meaningful benefits in industrial and supply chain cooperation.” He added, “The government will continue expanding standards cooperation with major countries to bolster the global competitiveness of Korean industries. date2025-12-04

MND, MSIT, MOTIR, and MSS Join Forces to Accelerate AI Transformation (AX) Across Defense and Industry

The Ministry of National Defense (MND, Minister Ahn Gyu-baek) held the inaugural 2025 Defense AI Ecosystem Development Forum at the Grand Hyatt Seoul on Wednesday, December 3, 2025. The event was designed to strengthen cross-government cooperation on defense AI and to build momentum for major defense AI programs planned for 2026, bringing together senior government officials and about 500 representatives from AI-related private companies. The program featured sessions on Korea’s defense AX strategy, mid- to long-term plans for defense–ICT cooperation, MOTIR’s defense AX strategy and support initiatives, support programs for defense-innovation startups, and briefings on defense AI requirements for 2026. Participants discussed future directions and challenges for defense AI and identified areas for practical cooperation. During the forum, the Ministry of Science and ICT (MSIT, Deputy Prime Minister and Minister Bae Kyung-hoon), the Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim), and the Ministry of SMEs and Startups (MSS, Minister Han Seong-sook) joined MND in announcing the signing of a Memorandum of Understanding (MOU) to accelerate AI transformation (AX) across the defense and industrial sectors. Under the MOU, the ministries will leverage sovereign AI foundation models to advance AX innovation; identify defense AI needs; provide testbed opportunities for real-world validation; support access to defense R&D infrastructure; develop core AI technologies and related infrastructure; expand AX utilization across defense, industry, and the public sector; foster AI talent; broaden the application of defense and manufacturing AI technologies within national defense; and discover and scale startups and SMEs in the defense AX domain. As global security conditions evolve amid the rapid adoption of AI—including intelligent command-and-control, unmanned and autonomous systems, and automated defense operations—the agreement brings together the expertise of MSIT, MOTIR, and MSS to promote cohesive and interconnected AX policies across the defense and industrial sectors.  The agreement establishes a cross-agency collaboration across the full AX cycle, from securing core AX technologies and enabling real-world validation in the defense sector to supporting industrial deployment and adoption by startups and SMEs. These efforts are expected to accelerate AX across defense and industry, strengthen defense-industry competitiveness, and support the development of a more advanced and trusted defense force. Minister JK (Jung-Kwan) Kim of MOTIR stated, “In an era where advanced technologies such as AI shape both security and economic competitiveness, expanding AX in the defense sector is imperative. Building on the strong trilateral foundation of AI, manufacturing, and defense, MOTIR will identify demand for dual-use AI technologies through M.AX (Manufacturing AX) and provide targeted support. Starting next year, we will advance the AX Sprint Program to help create an AX market in the defense industry, and we will work closely with the military to strengthen real-world validation for AI-embodied next-generation weapons. Through these efforts, MOTIR will actively support the establishment of a robust defense AI ecosystem.” date2025-12-03

Korea and France Discuss Trade Issues and Industrial Cooperation in Critical Minerals and EVs

The Ministry of Trade, Industry and Resources (MOTIR) held the 20th Korea–France Industrial Cooperation Committee meeting on Wednesday, December 3, 2025, in Sejong, chaired by Park Jung-sung, Deputy Minister for Trade. Deputy Minister Park met with Thomas Courbe, Director General for Enterprises (DGE) at the French Ministry of Economy and Finance, to discuss bilateral cooperation in industry and supply chains and to exchange views on key trade issues related to France and the EU. France is Korea’s third-largest trading partner within the EU, with bilateral trade reaching USD 13.7 billion in 2024. Both exports and imports have increased over the past five years, deepening economic ties. Since the 1990s, the two countries have maintained government-level cooperation channels—such as the Industrial Cooperation Committee and the Korea–France Forum on Innovative Industries—while private-sector collaboration has also expanded in advanced industries, including automobiles and batteries. The two sides reviewed policies and recent developments related to bilateral cooperation, critical minerals, electric vehicles, and batteries, and discussed ways to further strengthen collaboration. They underscored the importance of close policy dialogue to enhance competitiveness in advanced industries. The Korean side also conveyed concerns that the EU Foreign Subsidies Regulation (FSR), the EU’s proposed steel import measures, and France’s electric vehicle subsidy scheme could serve as trade barriers between Korea and the EU by protecting domestic industries. Korea emphasized the need for cooperative negotiations with the EU on steel TRQs and to apply a more reasonable methodology for calculating carbon-emission factors under France’s EV subsidy program. MOTIR stated that the meeting provided an opportunity to reinforce Korea–France cooperation and discuss key trade issues in depth. The Ministry added that it will continue engaging with France and the EU through high-level and working-level channels to follow up on the issues discussed. date2025-12-03