European business chambers seek stronger investment ties with Korea

European business entities are seeking to bolster their investment ties with South Korea, according to reports. The Korean-German Chamber of Commerce and Industry, in collaboration with the French-Korean Chamber of Commerce and Industry, organized a forum in Seoul on Tuesday. The event convened around 200 executives from German, French, and other European corporations, along with government, diplomatic, and economic officials.

The purpose of the forum was to enhance direct communication between the Korean government and European businesses, with a focus on addressing foreign investment conditions and regulatory challenges faced by European companies in Korea. During her opening remarks, Prime Minister Han Seong-sook emphasized the strong partnership between Korea, Germany, France, and other European Union members.

She highlighted the long-standing ties and shared commitment to free trade, openness, innovation, and a rules-based international order. Prime Minister Han expressed the government's determination to support German and French companies, striving to maximize the benefits of their investments and business ventures in Korea.