- Registration date2026-06-05
Minister for Trade Yeo Han-koo of the Ministry of Trade, Industry and Resources (MOTIR) attended Session 1 of the 2026 OECD Ministerial Council Meeting (MCM), titled “Balancing the Goals and Impacts of Industrial Policy,” in Paris, France, on June 3, 2026.
The session brought together trade ministers from OECD member countries, accession candidates, and key partners, including Finland and New Zealand. Minister Yeo shared Korea’s policy experience in Manufacturing AI Transformation (M.AX), AI factories, physical AI, the energy transition, and the Five Mega-Regions and Three Special Self-Governing Provinces initiative.
Minister Yeo stressed that industrial policy should not replace markets but help spread new technologies and raise productivity. He also called for avoiding subsidy races, beggar-thy-neighbor policies, and zero-sum competition, and asked the OECD to serve as a platform for dialogue and peer learning based on empirical analysis.