KGCCI elects new chairman

Kim Young-jin

By Lee Hyo-sik

The Korean German Chamber of Commerce and Industry (KGCCI) has elected Handok CEO Kim Young-jin as its new chairman.

The board of the association representing the interests of German companies operating in Korea held a meeting Wednesday and chose the head of the pharmaceutical company as its top ranking official.

Kim, who has been promoting business ties between Korea and Germany for years, is also the chairman of the Korean German Society.

He is taking over the post from Nara Holding Chairman Cho Hae-hyeong, who served as the KGCCI chairman from 2010.

“The KGCCI is grateful for Chairman Kim’s commitment and is looking forward to further promote economic exchange and cooperation between Korea and Germany under his leadership,” KGCCI Secretary General Barbara Zollmann said.

On April 30, KGCCI also chose Stefan Halusa, CEO of Brose Korea, as its new president, who succeeds Thomas Geyer, CEO of Vector Korea.

KGCCI has been fostering economic relations between Germany and Korea since its founding in 1981. With around 500 members from diverse industries, the KGCCI is the second-largest bilateral chamber in Korea.