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European Union Chamber of Commerce in Korea



The European Union Chamber of Commerce in Korea (or EUCCK),formed in 1986 is an organization representing the interests of the European business community.


 


With initial financial support from the European Commission, the EEC Business Group in Korea was set up, with Mr. W. Cozijnsen of ABN AMRO Bank as its first President. In May 1996, the name was changed to European Community Chamber of Commerce in Korea. The main purpose of the chamber was to help to develop trade, commercial and industrial relations between the EU and South Korea.


 


The overall objective being to achieve reciprocal treatment for EU businesses in South Korea and Korean businesses in the EU. Since then there have been three other name changes, but the objectives remained the same. In June 1991, body became the EC Business Group in Korea, then in June 1993 the European Communities Chamber of Commerce in Korea and finally in June 1995 assumed its present name.


Members

Today, the EUCCK is made up of around 800 members from the EU and local business communities. The various types of membership include Full, Associate, Local, Individual, Honorary and Special. In addition, the chamber introduced a revised membership format from 2005. Three new additional categories of membership - platinum, gold and silver - with enhanced services and facilities were made available While the earlier categories continue to be in force, those seeking more customized services at discounted rates, in addition to various other benefits, can apply for one of the new categories.


Objectives

The Chamber has the following specific aims:


 


- To provide its members with general information regarding any developments that may influence their operations in South Korea.


- To coordinate discussions among its members in addressing common problems and opportunities regarding their business activities in South Korea.


- To maintain contacts with high ranking Korean government officials from key ministries as well as other government administrations, local business associations and other lobbying groups.


- To confront the respective Government officials with problems encountered by Members and to recommend changes in the regulations to the appropriate authorities, while monitoring changes in the related legislation.


 


Having its seat in Seoul, it is also the objective of the Chamber to promote the liberalization of trade and industry in South Korea in conformity with the articles of the World Trade Organization, Organization of Economic Co-operation and Development (OECD and the framework Agreement between South Korea and the European Union.


 


To this end, the Chamber is managed by the Board of Directors with one representative from each EU country having at least one full member of the Chamber in South Korea. Members of the Board of Directors should be EU nationals and their nomination should be a simple majority from amongst the full members of companies representing the relevant country.

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