BCCK participated in “President Moon Jae-In’s Dialogue with Foreign-Invested Enterprise” held in Cheong Wa Dae on March 28, 2019.
BCCK Chairman Daniel Fertig, a Partner at Samil PwC, attended the event on behalf of the BCCK and delivered a number of market access issues faced by the Chamber’s member companies in Korea, including those faced in the retail, defense and life science sectors. He also urged the swift conclusion of UK-Korea FTA working group discussions in order to minimise business disruption in the event of a no deal Brexit outcome.
During the meeting, President Moon recognised the significant contribution that foreign firms had made to the Korean economy where FDI increased by 17% last year while the global FDI level decreased by 19%. He also assured that the government would implement regulatory reform to improve the international business environment in Korea for foreign-invested companies to be treated fairly, and in an equal manner compared to Korean companies.
The roundtable discussion, attended by 56 executives of major foreign companies and 9 heads of foreign chambers of commerce, marked the first official engagement President Moon had had with the foreign business community in Korea since his inauguration. Top economic policymakers including Finance Minister Hong Nam-Ki and Head of Fair Trade Commission Kim Sang-Jo were also in attendance to address concerns raised by the delegates.
Mr. Fertig remarked: “On behalf of BCCK, I appreciate President Moon’s positive message towards the international business community here in Korea, and look forward to working with his administration closely to help improve the regulatory and business environment through various BCCK programmes and activities.”Posted by BCCK Posted on 29 Mar