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Readout of Secretary Raimondo’s Meeting with Korean Minister of Trade, Industry and Energy Lee Chang-yang


Yesterday, Secretary Raimondo met with Korean Minister of Trade, Industry and Energy Lee Chang-Yang. During their meeting, Secretary Raimondo congratulated Minister Lee on his new role, which began on May 12, 2022. The Secretary and Minister discussed a new bilateral dialogue, the U.S.-Korea Supply Chain and Commercial Dialogue, which will help to facilitate closer bilateral collaboration on the digital economy, export controls, advanced manufacturing, healthcare technology, as well as broader efforts to increase supply chain resilience. The Secretary also expressed her appreciation for the Korean government’s efforts enacted in collaboration with the United States and 36 other countries on export controls to address Russia’s unlawful invasion of Ukraine. Additionally, Secretary Raimondo also thanked the Minister and the Government of Korea for its continued support of the Indo Pacific Economic Framework, which President Biden will formally launch on May 23, 2022. Shortly after their bilateral engagement, Secretary Raimondo and Minister Lee co-hosted a business roundtable with Korean firms and signed the Memorandum of Understanding that launched the U.S.-Korea Supply Chain and Commercial Dialogue.