General News
From April to July, the Chamber actively involved in facilitating dialogues with the Korean and European governments. The highlights include meetings with MSS Minister Park Young-sun, KFTC Chairperson Joh Sung Wook and more.
ECCK News
ECCK hosted a breakfast meeting with Park Young-sun, Minister of Ministry of SMEs and Startups (MSS), at Grand Hyatt Seoul. Around 50 representatives from ECCK member companies and European embassies attended the breakfast meeting.
European business leaders including Dirk Lukat, Chairperson of ECCK and CEO of Schenker Korea, engaged in the dialogue to convey operational business concerns and recommendations to the MSS and shared opinions on various industrial issues for the advancement of the business environment in Korea.
The event opened with welcoming remarks by Chairperson Lukat. “In order for the Korean economy to smoothly recover from this period of uncertainties at home and abroad and continue to grow, a fair and vibrant market ecosystem must be the basis, and the power to overcome the crisis comes from the value of fairness and win-win cooperation”, he remarked. “I am convinced that Minister Park will give us valuable insights about Korea’s effort to upgrade its policy on strengthening the competitiveness and innovation of SMEs and startups. “I am also certain that ECCK members can offer suggestions from our best practices and experiences in Europe, where industrial 4.0 and SMEs are the backbone of Europe’s economy.”
Following the welcoming remarks, the keynote speech was delivered by Minister Park. “We will actively support the creation of synergy of innovation for the great transformation into a digital economy through cooperation between Korean and European companies.”, said Minister Park.
Breakfast meeting with MSS Minister Park Young-sun
july 1, 2020
ECCK hosted a breakfast meeting with Woo Taehee, Vice Chairman of Korea Chamber of Commerce and Industry (KCCI), on July 7 at Lotte Hotel Seoul.
European business leaders discussed business concerns and recommendations delivered to the Korean government with the KCCI and shared opinions on various industrial issues for the betterment of the business environment in Korea.
During the meeting, KCCI Vice Chairman Woo Taehee shared the details of Korean government’s COVID-19 recovery measures including Korea’s ‘New Deal’ plan, challenges and opportunities to look forward to in the post COVID-19 era as well as plans to increase strategic cooperation between the EU and Korea.
Breakfast Meeting with KCCI Vice Chairman Woo Taehee
july 7, 2020
An interview with ECCK President Christoph Heider was published in KOTRA Express on April 29. In this special interview, President Heider shares his views on doing business in Korea and how the country is responding to the COVID-19 pandemic.
Link to the article:
KOTRA Express One-on-One with Christoph Heider
[KOTRA Express] One-on-One Interview with ECCK President Christoph Heider
April 29, 2020
An interview with ECCK Chairperson Dimitris Psillakis was published in The Korea Times on May 13. In the interview, Chairperson Psillakis shares his view on how Korea is responding to the COVID-19 pandemic and ways to further develop Europe-Korea relations.
Link to the article:
[The Korea Times] Korea’s virus response ‘adds star’ on its investment profile
[The Korea Times] Interview with ECCK Chairperson: Korea’s virus response ‘adds star’ on its investment profile
May 13, 2020
ECCK Joins #FlowerBucketChallenge
June 8, 2020
ECCK Chairperson Dimitris Psillakis participates in the Stay Strong Campaign launched by the Ministry of Foreign Affairs, Republic of Korea (MOFA) to fight against the COVID-19. “I’m happy to take part in MOFA’s #StayStrongCampaign. Special thanks to Spanish Ambassador Juan Ignacio Morro for nominating me. Next, I would like to tag Ambassador Michael Reiterer (Delegation of the European Union to the Republic of Korea) and Ambassador Yoon Soongu (Korean Embassy in Belgium/EU) to join this meaningful campaign. We are in this fight together!”
ECCK Participates in #StayStrongCampaign
may 4, 2020
With the strong foundation of commercial and investment partnership between Europe and Korea, the ECCK has been raising the difficult issues with the Korean government, actively engaging in ongoing dialogue with the related authorities about the business climate, transparency, and necessity of reforms in various sectors of the economy.
ECCK White Papers are published annually by the Chamber and comprise of a collection of industry-specific issues and recommendations from the European business perspective on how to improve the business environment in Korea for the benefit of investors, society, and economy. The papers primarily address the Korean government, but also serve to inform the European Commission, European Free Trade Association and the governments of European member states. The ECCK White Paper echoes the European business community’s desire to support the Korean government to develop the current regulatory framework, which will benefit both foreign companies and the Korean economy as a whole.
The ECCK White Paper 2019 is formulated by members of the ECCK’s 20 industry committees, representing the interests of 360 companies. The publication forms the basis for an ongoing and intensive dialogue between the ECCK and the Korean government and the ministries. The constructive recommendations advocated in the White Paper not only address European business interests, but also those of Korean companies by covering issues such as the harmonization of Korea’s regulatory environment with international standards. The paper further address issues affecting the Korean people, including economy, employment, the environment and the quality of life.
After the release of the 2019’s White Paper last November, the ECCK received feedbacks on the 180 recommendations from the Korean government. ECCK is pleased to announce that over 30% of the proposals have received positive response (‘implemented’, ‘accepted’ or ‘partially accepted’) from the government.
ECCK Committees and its member companies will continue further communication with the Korean authorities in regard to the recommendations that are not accepted or under long-term review. The Chamber truly appreciates the Korean government’s continued and concerted effort in shaping a better investment environment, creating new jobs and generating economic growth in Korea.
ECCK White Paper 2019: Government Feedback Response
July 7, 2020
On May 6, ECCK participated in the roundtable meeting hosted by the Minister Sung Yun-mo of Ministry of Trade, Industry and Energy (MOTIE) to discuss ways to revitalize Korean economy in the post-corona era.
The meeting was attended by MOTIE Minister Sung and representatives from foreign chambers in Korea including ECCK Chairperson Dimitris Psillakis, ECCK Vice-Chair Hyun Nam Park, and ECCK President Christoph Heider.
The business representatives expressed appreciation towards the Korean government’s quick and efficient measures to combat the virus and pledged to commit towards Korea’s economic recovery. ECCK also shared recommendations on ways to support European companies operating in Korea.
Industry Minister Dialogue with Foreign Companies
may 6, 2020
On May 19, ECCK hosted a breakfast meeting with Joh Sung Wook, Chairperson of Korea Fair Trade Commission (KFTC) with 50 representatives from ECCK members in attendance. European business leaders conveyed operational business concerns and recommendations to the KFTC and shared opinions on various industrial issues for the advancement of the business environment in Korea.
The keynote speech was delivered by Chairperson Joh on the topic of ‘Policy Directions of KFTC in the Post-COVID19 Era’ during the meeting. In her speech, Chairperson Joh shared KFTC’s policy directions which focuses on tackling unfair practices, promoting co-prosperity ecology and alleviating the burdens of firms, establishing fair and innovative spirit in new industries, and enhancing consumer protection for growing demand for health and safety.
Breakfast Meeting with KFTC Chairperson Joh Sung Wook
may 19, 2020
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