"With a long history of innovation together, the strategic partnership in automotive technologies is of great significance to both Korea and Europe," ECCK
Chairman Dimitris Psillakis said.
The ECCK's aim is to become the key private platform for defending and promoting the interestsof European companies in South Korea, in close coordination with the EU.
Benefiting from the newly implemented EU-Korea free trade agreement (FTA) is another priority for the ECCK. With only 65% of European exporters taking advantage of the elimination of duties against 90% on the Korean side, there is room for progress on the EU side.
"Providing a fair salary for labor is a good thing, but it might be difficult for some industries to maintain the number of employees," ECCK
President Christoph Heider said.
The newly elected ECCK President, Thilo Halter, and Slavinski promised a "new era," stressing that the ECCK is a "brand new organisation based upon the principle of professionalism, responsiveness and transparency".
The EU Delegation in Seoul will also have seat on the board of the ECCK as an "observer," which was not the case at the EUCCK.
Based on the extensive information exchange throughout the event, the ECCK hopes to strengthen mutual cooperation and expand business and investment opportunities between Europe and Korea.
Visit ecck.eu/events/2017-eu-research-innovation-day for more information.