Hankyung Association Signs Agreement with German Business Association: "Regular Business Roundtables to be Held"

The Korea Economic Association announced on the 21st (local time) that it has signed a Memorandum of Understanding (MOU) with the Federation of German Industries (BDI).

Kim Chang-beom, the full-time vice chairman of the Korea Economic Association, visited the BDI in Berlin, Germany. From the BDI side, Wolfgang Niedermark, director, and Fridolin Strack, head of the International Department, attended the signing ceremony.

The two organizations have cooperated since establishing the "Korea-Germany Industrial Cooperation Committee" in 1975. This agreement serves to supplement the MOU signed at the time of the committee's establishment in 1975. It includes regular business roundtable meetings for businesspeople and government officials of both countries and the exchange of opinions on global trade issues between the two nations.

Kim Chang-beom, Executive Vice Chairman of the Korea Economic Cooperation Association (right), and Wolfgang Niedermark, Director of BDI, are taking a commemorative photo after signing the MOU.
[Photo by Korea Economic Cooperation Association]

The Korea Economic Association and BDI reached a consensus to cooperate in holding a joint meeting in Seoul next year.

Vice Chairman Kim and Director Niedermark shared the view that both countries have common ground based on free trade, fair competition, and a rules-based trade order.

They discussed joint responses by the economic sectors of both countries to changes in the international trade order following the European Parliament elections in June, as well as ways to expand economic cooperation between the two countries?traditionally centered on manufacturing?to advanced industries such as decarbonization, artificial intelligence (AI), and semiconductors.

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