Hyun-Nam Park, Chairperson of the Korean-German Chamber of Commerce and Industry (KGCCI), participated in a roundtable with foreign chambers of commerce hosted by the National Tax Service (NTS), where representatives from the international business community discussed ways to strengthen Korea’s investment environment and global competitiveness. During the meeting, participants exchanged views on improving tax administration efficiency, reducing administrative burdens for compliant companies, expanding the use of digital and English-language documentation during tax audits, and strengthening tax support measures for foreign-invested companies in the fields of R&D, sustainability, and future-oriented industries.
Representing the German business community in Korea, KGCCI emphasized the importance of continuous public-private cooperation and open communication to further enhance Korea’s attractiveness as a global investment destination. KGCCI also welcomed the National Tax Service’s announcement of new tax support centers for foreign enterprises and expanded support measures for foreign-invested companies.
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