KGCCI held a Breakfast Roundtable in cooperation with Hanns-Seidel Stiftung Korea, featuring MdB Andreas Scheuer, Former Federal Minister of Transport and Digital Infrastructure, and now President of Asia Bridge Association. |
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First international Hyperloop conference in Korea in June on "Challenges in the Hyperloop ecosystem for transportation" Exhibition to commemorate the 140th anniversary of diplomatic relations between Korea and Germany |
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LG Chem to Increase Battery Material Sales 6x to 30 Trillion Won by 2030 Import prices up for 3rd month in April on weaker won, higher oil prices S. Korea to hike Q2 electricity, gas rates on high costs, losses Auto exports jump 40 pct in April on vibrant eco-friendly car sales S. Korea aims to boost exports to China Prices of Korean popular food items trend higher Jobs for 40-somethings fall for 10th month amid manufacturing slump Foreign worker wages in Korea quadruple in 10 years amid labor shortage |
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Save the Date Jun 8, 2023 HR Circle Details will be announced soon. |
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Workshop on Increasing Public Acceptance of Wind Energy Projects in Korea and Germany This workshop will be held under the Korean-German Energy Partnership on 23 May 2023 in Seoul, focusing on public acceptance of wind energy projects. Wind energy policies of both countries will be shared, followed by a panel discussion on challenges and solutions for implementing offshore wind projects. Click here for more information. Registration is based on a first-come, first-served basis, and those who have received invitations from the organizers will be given priority. Contact jhjeong@kgcci.com for further inquiries. |
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5th Korean-German Energy Day in Busan The Korean Ministry of Trade, Industry and Energy (MOTIE) and the German Federal Ministry for Economic Affairs and Climate Action (BMWK) will co-host the 5th Korean-German Energy Day in Busan on 26 May 2023. After introducing both countries’ energy policies, the conference will discuss strategies for expanding renewable energy. Find more information here. Email jhjeong@kgcci.com if you want to sign up for the event. |
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Amazon Global Selling's FREE webinar regarding German EPR Join this free webinar, which will be conducted in Korean, on 31 May 2023 from 2 PM to 3:30 PM (KST) to learn about the German EPR (Extended Producer Responsibility) and how to participate, specifically tailored for Korean exporters in the German market, including online sellers. The webinar, organized by Amazon Global Selling in collaboration with KGCCI, will provide valuable insights and guidance on fulfilling your obligations. Register here now to secure your spot and receive 10% discount coupons for two dual systems. |
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KOTRA’s Annual Job Fair for Foreign-Invested Companies This annual job fair for foreign-invested companies, now in its 18th year, will take place at COEX on 21 & 22 August 2023. It will run alongside the Global Job Fair for employment overseas and the Job Fair for International Students. KGCCI member companies interested in participating should apply by 31 May via this application form. For further details, contact our HR manager at sjkang@kgcci.com or 02-3780-4601. |
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RWE's Showcase at Korea Energy Show 2023 We invite you to the Korea Energy Show 2023, which will be held from 25 to 27 May 2023. RWE aims to showcase its offshore wind and green hydrogen technologies and discuss collaboration opportunities with domestic partners. Feel free to visit RWE's booth (booth number: B142) located in Busan BEXCO, Hall 1. Find further information here. |
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German Startup Night in Seoul Join the first South Korea German Startup Night of the year on 31 May 2023 at Maru180, where 10 startups from the German Entrepreneurship's South Korea Market Discovery program will be presented. This is an open invitation for anyone interested in innovative solutions and networking with like-minded individuals. To participate, sign up here. |
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German-Korean Business and Investment Summit 2023 |
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Please find the lists of job openings and jobseeker profiles here. KGCCI members have the opportunity to advertise their job vacancies via KGCCI´s Job Market free of charge. For further information, please visit KGCCI's website or contact hr@kgcci.com. |
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Please find the upcoming exhibitions and trade fairs in Korea.
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KRW/USD 1,337.2 (17 May 2023) KRW/Euro 1,451.64 (18 May 2023) KRW/100 Yen 973.44 (18 May 2023) - Bank of Korea Base Interest Rate (%, Source) 3.5 (Apr 2023)
- Interest Rate (Corporate Bonds, 3 years, AA-, %, Source) 4.084 (17 May 2023)
- Inflation Rate (% change over same period, Source)
Consumer Price Index (year-on-year) 3.7 (Apr 2023) Producer Price Index (year-on-year) 3.3 (Mar 2023) - Nominal Gross Domestic Product (Source)
at current prices (bil. USD) 16,643.3 (2022) per capita at current prices (USD) 32,236.8 (2022) real growth rate (%, year-on-year) 2.6 (2022) - Nominal Gross National Income (Source)
at current prices (bil. USD) 16,862.3 (2022) per capita at current prices (USD) 32,661 (2022) - German Investment (th. USD, Source) 227,816 (2022)
- Foreign Exchange Reserves (bil. USD, Source) 426.68 (Apr 2023)
- Korean Foreign Trade (mil. USD, Source)
Year 2021 Exports of Goods 644,500 Year 2021 Imports of Goods 615,000 Total unemployed (1,000) 804 (Apr 2023) Official unemployment rate (%) 2.6 (May 2023) Employed (1,000) 28,432 (Apr 2023) - Minimum Hourly Wage (KRW, Source) 9,620
Disclaimer: Data compiled by KGCCI from each source. KGCCI does not take any responsibility for the accuracy of the data. |
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With kind regards,
The KGCCI Team Korean-German Chamber of Commerce and Industry (KGCCI) – AHK Korea 8th Fl., Shinwon Plaza, 85, Dokseodang-ro, Yongsan-gu, Seoul 04419, Republic of Korea |
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