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Dear Valued Member,
KGCCI held a 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.
Dr. Martin Henkelmann, President & CEO of KGCCI, spoke about the important contribution of German companies to the semiconductor ecosystem in Korea during
Students from to learn more about career paths related to their field of study. They had the chance to deepen their understanding of the Ausbildung program.
First international Hyperloop conference in Korea in June on "Challenges in the Hyperloop ecosystem for transportation"
(, 2023/05/12)
Exhibition to commemorate the 140th anniversary of diplomatic relations between Korea and Germany
LG Chem to Increase Battery Material Sales 6x to 30 Trillion Won by 2030
(, 2023/05/17)
Import prices up for 3rd month in April on weaker won, higher oil prices
(, 2023/05/16)
S. Korea to hike Q2 electricity, gas rates on high costs, losses
(, 2023/05/15)
Auto exports jump 40 pct in April on vibrant eco-friendly car sales
(, 2023/05/16)
S. Korea aims to boost exports to China
(, 2023/05/16)
Prices of Korean popular food items trend higher
Jobs for 40-somethings fall for 10th month amid manufacturing slump
(, 2023/05/14)
Foreign worker wages in Korea quadruple in 10 years amid labor shortage
KGCCI Induction for New Members
KGCCI Sundowner
독일 서부의 비즈니스 중심지 NRW의(노르트라인베스트팔렌주) 미래 모빌리티를 위한 혁신
KGCCI Annual General Meeting (AGM) 2023
Networking Reception following the KGCCI Annual General Meeting (AGM) 2023
Business trip to Korea - Analysis, Bio- & Laboratory technology
Save the Date
Jun 8, 2023 HR Circle Details will be announced soon.
More Upcoming Events
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  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  for further inquiries.
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  in Busan on 26 May 2023. After introducing both countries’ energy policies, the conference will discuss strategies for expanding renewable energy. Find more information . Email  if you want to sign up for the event.
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 now to secure your spot and receive 10% discount coupons for two dual systems.
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 . For further details, contact our HR manager at  or 02-3780-4601.
RWE's Showcase at Korea Energy Show 2023
We invite you to the, which will be held from 25 to 27 May 2023 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 .
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 .
German-Korean Business and Investment Summit 2023
The , a high-level conference with business representatives from South Korea and Germany, will take place in Frankfurt/Main on 28 & 29 June 2023. Contact  or +49 69 2197 1433 for inquiries.
Click  to view the latest weekly energy newsletter, published by KGCCI, regarding energy transition in Korea and Germany and the. Sign up for the newsletter .
Please find the lists of job openings and jobseeker profiles . 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  or contact .
Please find the upcoming exhibitions and trade fairs in Korea.

May 10-12, 2023  (at COEX, Hall C)
May 10-12, 2023  (at COEX, Hall D)
May 25-27, 2023 (at BEXCO)
May 25-27, 2023 (at BEXCO)
May 25-27, 2023  (at COEX, Hall A)
Jun 7-9, 2023  (at COEX, Hall A)

You can also check the full list from the  published by the. Contact if you have any inquiries.
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 (%, 3.5 (Apr 2023)
  • Interest Rate (Corporate Bonds, 3 years, AA-, %, 4.084 (17 May 2023)
  • Inflation Rate (% change over same period, 
Consumer Price Index (year-on-year) 3.7 (Apr 2023)
Producer Price Index (year-on-year) 3.3 (Mar 2023)
  • Nominal Gross Domestic Product ()
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 ()
at current prices (bil. USD) 16,862.3 (2022)
per capita at current prices (USD) 32,661 (2022)
  • German Investment (th. USD, 227,816 (2022)
  • Foreign Exchange Reserves (bil. USD, ) 426.68 (Apr 2023)
  • Korean Foreign Trade (mil. USD,
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, ) 9,620
Disclaimer: Data compiled by KGCCI from each source. KGCCI does not take any responsibility for the accuracy of the data.
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
T. +82-2-3780-4600 | F. +82-2-3780-4637 | 


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