June 6th, Brose Korea & German Chamber

Mr.Stefan Halusa, former President of KGCCI ( Korean-German Chamber of Commerce and Idustry),visited to us and gave a speech on relationships between German and Korean economics. At the first, he told that it has been about 130 years since Korea established diplomatic ties with Germany. The chamber promotes economic relations between Germany and Korea since its foundation in 1981. Nowadays, KGCCI is the voice of the Korean-German business community.

German main economy is consist of car company like BMW, AUDI and so on. Compare with Korea, In German have lots of portion of “Hidden champion” that small and middel size of company. So German economy is very safe and strong.

He compared korean economy and german economy. First, korean economy is highly dependant on, so called, ‘Chaebol’. For example, Samsung takes 20% of korean GDP and other Chaebol companies take 80% of it. It means that if the business of Samsung does not go well, the entire economic situation in Korea can be evaluated badly. Secondly, korean market is too closed for foreign companies to enter its market. 

Unlike the Korean economy, which is dominated by chaebols such as Hyundai, Kia, and Samsung, the European economy does not focus on a few large companies, but rather builds up with solid ground from a large number of companies and a large number of people.

Germany is Korea’s sixth most important trade partner. Around 40% of all EU exports to Korea come from Germany. The EU-Korea FTA, is thus especially beneficial for German companies and will further increase business opportunities in Korea. The chamber promotes economic relations between Germany and Korea since its foundation in 1981. With the steady rise in bilateral trade to over 20 bil.

KGCCI's mission is Support the economy between Korea and Germany successfully. In order to vitalize, KGCCI offers 2-3 internship opportunities to German and Korean students who wish to experience the various tasks of a German Chamber of Commerce and Industry nearly 22 to 25 people. If available, interns work on a special project. Additionally, they are integrated into the daily work of the Chamber, e.g. writing proposals, research, market studies, events etc. and have the chance to gain a substantial insight into special fields related to the Korean economy, jurisdiction and business. If you are interested in interning with KGCCI, you can check the information and details at http://korea.ahk.de/.

Germany is Korea’s sixth most important trade partner. Around 40% of all EU exports to Korea come from Germany. The EU-Korea FTA, is thus especially beneficial for German companies and will further increase business opportunities in Korea. The chamber promotes economic relations between Germany and Korea since its foundation in 1981. With the steady rise in bilateral trade to over 20 bil.

KGCCI's mission is Support the economy between Korea and Germany successfully. In order to vitalize, KGCCI offers 2-3 internship opportunities to German and Korean students who wish to experience the various tasks of a German Chamber of Commerce and Industry nearly 22 to 25 people. If available, interns work on a special project. Additionally, they are integrated into the daily work of the Chamber, e.g. writing proposals, research, market studies, events etc. and have the chance to gain a substantial insight into special fields related to the Korean economy, jurisdiction and business. If you are interested in interning with KGCCI, you can check the information and details at http://korea.ahk.de/.

KGCCI's mission is Support the economy between Korea and Germany successfully. In order to vitalize, KGCCI offers 2-3 internship opportunities to German and Korean students who wish to experience the various tasks of a German Chamber of Commerce and Industry nearly 22 to 25 people. If available, interns work on a special project. Additionally, they are integrated into the daily work of the Chamber, e.g. writing proposals, research, market studies, events etc. and have the chance to gain a substantial insight into special fields related to the Korean economy, jurisdiction and business. If you are interested in interning with KGCCI, you can check the information and details at http://korea.ahk.de/.

Unlike the Korean economy, which is dominated by chaebols such as Hyundai, Kia, and Samsung, the European economy does not focus on a few large companies, but rather builds up with solid ground from a large number of companies and a large number of people.

Germany is Korea’s sixth most important trade partner. Around 40% of all EU exports to Korea come from Germany. The EU-Korea FTA, is thus especially beneficial for German companies and will further increase business opportunities in Korea. The chamber promotes economic relations between Germany and Korea since its foundation in 1981. With the steady rise in bilateral trade to over 20 bil.

KGCCI's mission is Support the economy between Korea and Germany successfully. In order to vitalize, KGCCI offers 2-3 internship opportunities to German and Korean students who wish to experience the various tasks of a German Chamber of Commerce and Industry nearly 22 to 25 people. If available, interns work on a special project. Additionally, they are integrated into the daily work of the Chamber, e.g. writing proposals, research, market studies, events etc. and have the chance to gain a substantial insight into special fields related to the Korean economy, jurisdiction and business. If you are interested in interning with KGCCI, you can check the information and details at http://korea.ahk.de/.

 

He compared korean economy and german economy. First, korean economy is highly dependant on, so called, ‘Chaebol’. For example, Samsung takes 20% of korean GDP and other Chaebol companies take 80% of it. It means that if the business of Samsung does not go well, the entire economic situation in Korea can be evaluated badly. Secondly, korean market is too closed for foreign companies to enter its market.

Unlike the Korean economy, which is dominated by chaebols such as Hyundai, Kia, and Samsung, the European economy does not focus on a few large companies, but rather builds up with solid ground from a large number of companies and a large number of people.

Germany is Korea’s sixth most important trade partner. Around 40% of all EU exports to Korea come from Germany. The EU-Korea FTA, is thus especially beneficial for German companies and will further increase business opportunities in Korea. The chamber promotes economic relations between Germany and Korea since its foundation in 1981. With the steady rise in bilateral trade to over 20 bil.

KGCCI's mission is Support the economy between Korea and Germany successfully. In order to vitalize, KGCCI offers 2-3 internship opportunities to German and Korean students who wish to experience the various tasks of a German Chamber of Commerce and Industry nearly 22 to 25 people. If available, interns work on a special project. Additionally, they are integrated into the daily work of the Chamber, e.g. writing proposals, research, market studies, events etc. and have the chance to gain a substantial insight into special fields related to the Korean economy, jurisdiction and business. If you are interested in interning with KGCCI, you can check the information and details at http://korea.ahk.de/.

German main economy is consist of car company like BMW, AUDI and so on. Compare with Korea, In German have lots of portion of “Hidden champion” that small and middel size of company. So German economy is very safe and strong.

He compared korean economy and german economy. First, korean economy is highly dependant on, so called, ‘Chaebol’. For example, Samsung takes 20% of korean GDP and other Chaebol companies take 80% of it. It means that if the business of Samsung does not go well, the entire economic situation in Korea can be evaluated badly. Secondly, korean market is too closed for foreign companies to enter its market.

Unlike the Korean economy, which is dominated by chaebols such as Hyundai, Kia, and Samsung, the European economy does not focus on a few large companies, but rather builds up with solid ground from a large number of companies and a large number of people.

Germany is Korea’s sixth most important trade partner. Around 40% of all EU exports to Korea come from Germany. The EU-Korea FTA, is thus especially beneficial for German companies and will further increase business opportunities in Korea. The chamber promotes economic relations between Germany and Korea since its foundation in 1981. With the steady rise in bilateral trade to over 20 bil.

KGCCI's mission is Support the economy between Korea and Germany successfully. In order to vitalize, KGCCI offers 2-3 internship opportunities to German and Korean students who wish to experience the various tasks of a German Chamber of Commerce and Industry nearly 22 to 25 people. If available, interns work on a special project. Additionally, they are integrated into the daily work of the Chamber, e.g. writing proposals, research, market studies, events etc. and have the chance to gain a substantial insight into special fields related to the Korean economy, jurisdiction and business. If you are interested in interning with KGCCI, you can check the information and details at http://korea.ahk.de/.