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EU Commissioner for Trade Cecilia Malmström co-chaired the 8th Trade Committee set up by the EU-South-Korea trade agreement on 9 April. The Trade Committee is the most important institutional body established under the agreement. The Commissioner raised a number of recurring issues that need to be addressed by the Korean side as soon as possible.
For example, she raised the issue of the ban on EU beef exports to Korea. The EU considers this ban discriminatory as the EU countries concerned meet the same high sanitary standards as those countries that enjoy market access for beef in Korea.
Another point on the agenda was Korea’s implementation of the trade and sustainable development provisions of the agreement. In this respect, the Commissioner expressed the importance of ratifying the pending four fundamental International Labour Organisation (ILO) conventions and of bringing labour laws in line with core ILO principles. Read more
The EU Delegation to the Republic of Korea will host their annual Europe Day reception on Thursday 9 May 2019, from 18h00 onwards at Korea University, Sudang Samyang Faculty House.
Europe Day is an annual celebration of peace and unity in Europe. Over 500 VIPs from Government and State institutions, Business, Civil Society as well as from Embassies and Diplomatic Missions attended the most recent editions in 2018 and 2017 in Seoul to celebrate Europe and its fruitful relations with the Republic of Korea.The EU Delegation is therefore publishing this call for sponsor companies and organisations. Read more
Welcoming remarks by the EU Ambassador to Korea Michael Reiterer, 4 April, 2019
Mr Deputy PM Hong Nam-ki, I would like to give you a warm welcome on behalf of my colleagues from the EU Member States. Thank you very much for finding some time for us from your busy schedule to provide us with an overview of the Korean economy, and thank you for being available to answer questions. This is much appreciated.
The EU is Korea’s third largest trading partner, and your number 1 investor who provides the Korean economy with tens of thousands of jobs. For us, Korea is the eighth largest trading partner, a remarkable positioning of the world’s 11th largest economy, the 4th in Asia. My colleagues and I are looking forward to hearing from you your analysis of the current state of of the Korean economy. Read more
Welcoming remarks by the EU Ambassador to Korea Michael Reiterer
Ladies and gentlemen, distinguished guests, thank you for inviting me to say a few opening words today.
Without any question, the automotive sector is a vitally important element in EU Korea trade relations. Car sales in Korea have reached 1,876,000 units among which 324,000 units were imported vehicles. Four main European brands representing more than 57% of those imported vehicles show how deep our trade relation is in the automotive sector. Your theme today is the future. And if I look at the issues you will be discussing I see that you will be focussing among other things on "The Challenges and Opportunities for Electric Vehicles and Hydrogen Fuel Cell Vehicles". Read more
The EU Delegation to the Republic of korea, EURAXESS South Korea and the National Research Foundation of Korea (NRF) co-organised two regional seminars at the Kyungbuk National University (KNU) in Daegu on 4th April and at the Pusan National University (PNU) in Busan on 5th April to raise awareness of the EU's research and innovation programme Horizon 2020 among Korean local researchers, who do not have access to the information about the programme. Read more
The first ever observation of a black hole is the result of the large scale international research collaboration Event Horizon Telescope (EHT), where EU-funded researchers have played a key role. This major scientific achievement marks a paradigm shift in our understanding of black holes, confirms the predictions of Albert Einstein's General Theory of Relativity and opens up new lines of enquiry into our universe. The first image of a black hole successfully captured was unveiled in six simultaneous press conferences across the globe. Read more
The new EU framework for the screening of foreign direct investments has officially entered into force on 10 April 2019. The new framework is based on proposal tabled by the European Commission in September 2017 and will be instrumental in safeguarding Europe's security and public order in relation to foreign direct investments into the Union.
President of the European Commission, Jean-Claude Juncker said: "This new framework will help Europe defend its strategic interests. We need scrutiny over purchases by foreign companies that target Europe's strategic assets. I want Europe to remain open for business, but I have said time and again that we are not naïve free traders. The adoption and entry into force of this proposal in an almost record time shows that we mean business and that when it comes to defending Europe's interests we will always walk the talk." Read more
Did you know that 19 European media outlets from 13 EU Member States are fact-checking the May 2019 European elections for you? Find out more from here!