On July 13, ECCK hosted Logistics Industry Seminar to discuss the introduction of new VAT exemption policy. The seminar started off with a presentation by Ms Ok-Soon Han, Director at Cargo Marketing Team of Incheon International Airport, on the “Introduction of New VAT Exemption Policy for Global Distribution Centre in Free Trade Zone and Logistics Industry”. Following the presentation, Mr Yong Joon Kim from ASML Hong Kong gave a detailed explanation on how the new policy applies to foreign companies operating in Korea. Finally, a Q&A session was followed to clarify the scope of upcoming policy which was held with great participation by the attendees. The seminar ended with closing remarks from Peter Slootweg, Chairman of ECCK Logistics & Transport Committee. The ECCK welcomes all suggestions and opinions from our members to better represent the interests of the European businesses in Korea.