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MKE

about korea

04 Policy Direction

Industry Policies
Trade Policies
Energy Policies

Trade Policies

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  • Expand Export Markets
  • Attract Foreign Direct Investment (FDI)
  • Pursue Bilateral Trade Agreements
  • Intensify Ties with Major Trading Partners
Relying greatly on trade as a nation, Korea looks to strengthen cooperation with established and emerging international partners to deepen existing bonds and discover untapped opportunities.

Strategies

Expand Economic Partnerships to Emerging Markets
Examine demand for cooperation, development potential, and energy resources of potential partners.
Pursue “package deals” to assist in industrial infrastructure development in exchange for preferential energy resources and investment stipulations.
Strategies
Region Areas for Cooperation
The Middle East

Attract Investment

Explore new markets

Export plants
Russia/CIS

Develop energy resources

Explore new markets
Central and South America

Develop energy resources

Explore new markets
Asia

Explore new markets

Pursue industrial cooperation

Reduce costs
Africa

Develop energy resources

Pursue industrial cooperation
Increase Cooperative Elements with Key Trading Partners
Strategies
Region Areas for Cooperation
USA

Establish an Industrial Cooperation Committee.

Expand cooperation in the fields of industry and technology.

Identify and address obstacles to trade.
EU

Promote Industrial and Technical Cooperation Committee activities with individual member countries.

Provide support programs to better enable companies to benefit from the proposed Korea-EU FTA.
China

Support local companies in enhancing competitiveness for the Chinese market.

Expand channels for bilateral cooperation.

Assist Korean firms with obstacles they encounter in the Chinese market.
Asia

Hold an IR (Investor Relations) meeting in Japan.

Increase transnational cooperation between parts and materials companies
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