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Yoon vows more incentives to foreign-invested companies

President Yoon Suk Yeol on Wednesday expressed his intention to ease regulations and extend more incentives to further foster an investor-friendly environment. The government will "offer policies and regulatory environments favoring (foreign-invested enterprises) to the extent of the global standard, or even more favorable than the global standard," Yoon told participants comprising foreign-invested company.

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European biz lobby calls for flexibility in Korea s EV battery, plastic waste regulations

The European Chamber of Commerce in Korea (ECCK) on Thursday called for Korea to consider allowing greater flexibility in adopting regulations for electric vehicle (EV) batteries, plastic recycling and other major industries, to help further promote the trade between Seoul and the economic bloc.

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European Biz Lobby Calls for Flexibility in S Korea s EV battery, Plastic Waste Regulations

European Biz Lobby Calls for Flexibility in S Korea s EV battery, Plastic Waste Regulations
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European automakers call for lower regulatory barriers for EVs

European automakers called for a relaxation of regulations on selling electric vehicles in Korea during a press conference for the publication of a white paper by the European Chamber of Commerce in Korea on Thursday. The ECCK’s passenger vehicles committee chairperson, Kim Hong-joong, said that the recent law amendment requiring automakers to secure the pre-certification of electric vehicle batteries to preven.

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EU biz lobby urges Korea to ease EV battery safety rules

A business lobby group representing European firms here urged the Korean government to ease rules on the nation’s electric vehicle (EV) battery safety certification, as it may be a trade barrier to global automakers, the European Chamber of Commerce in Korea (ECCK) said Thursday.

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