By Kim Seung-yeon
The European Chamber of Commerce in Korea (ECCK) called on the South Korean government on Thursday to provide greater flexibility in regulations concerning electric vehicle (EV) batteries, plastic recycling, and other key industries. This request was made in the ECCK’s latest annual white paper, which outlines the regulatory challenges faced by European companies in various sectors, including automotive, healthcare, food, and energy.
“We hope that this White Paper serves as a constructive communication tool for both European business and Korean authorities,” said ECCK Chairperson Philippe Van Hoof. The ECCK suggested that the government recognize European automobile manufacturers who have obtained United Nations Regulation-type approval in Europe as compliant with battery safety certification system in Korea. This comes after the government announced a law amendment in August to address EV battery safety issues, such as fire risks.
The ECCK also asked for the regulations to be relaxed regarding the recycling of waste PET plastics, only allowing those generated in Korea. It proposed a “unified licensing process” for the offshore wind power industry, as well as ensuring clear consent from residents in the areas and the government’s active role in grid connections. Additionally, it suggested loosening the regulations and policy to allow greater flexibility in market access to new drugs.
The trade between the European Union and South Korea totaled 137 billion euros (US$145.8 billion) in 2022, up from 61 billion euros in 2010, according to the ECCK. The ECCK was established in 2012 as an advocacy group for promoting trade and business relationships between Europe and South Korea. It has about 400 member companies and represents about 50,000 employees working in South Korea.
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