German chamber elects new head

Stefan Halusa

By Lee Hyo-sik

The Korean-German Chamber of Commerce and Industry (KGCCI) said Thursday that it elected Stefan Halusa, CEO of Brose Korea, as its new president.

The association representing the interests of German companies operating in Korea held an annual general meeting Tuesday and chose the head of the German automotive supplier as its new chief.

Halusa has been in Korea for the past four years and served as a member of the KGCCI board for the last two. He succeeded Thomas Geyer, CEO of Vector Korea, who served from April 2013 to April 2015.

“I would like to extend my gratitude to KGCCI for its excellent work in 2014,” Halusa said. “I pledge to do my best to support KGCCI and promote Korea-Germany business cooperation.”

In addition, Kim Tae-hyung, executive vice president of GS Global, was elected as KGCCI’s vice president; and Ludwig Feuchtmeyer, CFO of Continental Automotive Electronics, was elected as the new treasurer.

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