A leading driver and strong advocate for European Businesses in Korea
ECCK Breakfast Meeting with Minister Yoon Sang-jick (MOTIE)
For Immediate Release
European Business Leaders Meet Minister for Trade, Industry and Energy
Seoul, Korea – December 11, 2015
European business leaders and Yoon Sang-jick, Minister for Trade, Industry and Energy had a breakfast meeting to discuss various issues regarding the business and regulatory environment of Korea from 8:00 a.m. today at Hotel Lotte, Sogong.
Hosted by the Ministry of Trade, Industry and Energy (MOTIE) and organized by the European Chamber of Commerce in Korea (ECCK), the meeting was intended to have a candid discussion on perceived or actual obstacles to foreign investment and business operation in Korea.
The delegation of about 25 executives from European companies was led by Jean-Christophe Darbes, the ECCK president and CEO of BNP Paribas Cardif Life Insurance; other participating companies included BMW, Bayer, IKEA, Solvay, Robert Bosch, Mercedes-Benz, Allianz Life among others.
Minister Yoon led a Q&A session during which European executives raised various issues ranging from quota for foreign employees, tax audits, regulations on large retailers, pharmaceutical pricing policy, to public procurement. Furthermore, the government agreed to follow up on certain issues and concerns for foreign investors.
President Darbes expressed thanks to Minister Yoon and MOTIE officials for their detailed explanation and support for foreign investors. “It was a good opportunity to receive explanations for many of our concerns,” he said.
Minister Yoon also commented on Korea’s efforts to improve regulations as well as expand its vast FTA network. Stressing that Korea is becoming a better place to do business, he concluded, “European investors are very important partners, and we expect to see more investment and businesses here.”
(ENDS)
The European Chamber of Commerce in Korea (ECCK) is an association of European companies doing business in Korea. Representing the common voice of the European business community, the ECCK provides its members with information, communication, and access pertaining to the business and regulatory environment of Korea.
ECCK Breakfast Meeting with Minister Yoon Sang-jick (MOTIE)
For Immediate Release
European Business Leaders Meet Minister for Trade, Industry and Energy
Seoul, Korea – December 11, 2015
European business leaders and Yoon Sang-jick, Minister for Trade, Industry and Energy had a breakfast meeting to discuss various issues regarding the business and regulatory environment of Korea from 8:00 a.m. today at Hotel Lotte, Sogong.
Hosted by the Ministry of Trade, Industry and Energy (MOTIE) and organized by the European Chamber of Commerce in Korea (ECCK), the meeting was intended to have a candid discussion on perceived or actual obstacles to foreign investment and business operation in Korea.
The delegation of about 25 executives from European companies was led by Jean-Christophe Darbes, the ECCK president and CEO of BNP Paribas Cardif Life Insurance; other participating companies included BMW, Bayer, IKEA, Solvay, Robert Bosch, Mercedes-Benz, Allianz Life among others.
Minister Yoon led a Q&A session during which European executives raised various issues ranging from quota for foreign employees, tax audits, regulations on large retailers, pharmaceutical pricing policy, to public procurement. Furthermore, the government agreed to follow up on certain issues and concerns for foreign investors.
President Darbes expressed thanks to Minister Yoon and MOTIE officials for their detailed explanation and support for foreign investors. “It was a good opportunity to receive explanations for many of our concerns,” he said.
Minister Yoon also commented on Korea’s efforts to improve regulations as well as expand its vast FTA network. Stressing that Korea is becoming a better place to do business, he concluded, “European investors are very important partners, and we expect to see more investment and businesses here.”
(ENDS)
The European Chamber of Commerce in Korea (ECCK) is an association of European companies doing business in Korea. Representing the common voice of the European business community, the ECCK provides its members with information, communication, and access pertaining to the business and regulatory environment of Korea.
Contact:
In-Seung Kay
Director of PR & Communications
European Chamber of Commerce in Korea (ECCK)
inseung.kay@ecck.or.kr, +82 2 6261-2715