BJFEZ – Italian Chamber of Commerce in Korea
Sign MOU for Mutual Cooperation

- BJFEZ takes a new step to strengthen exchanges and investment cooperation with Italian companies

- Diversifying global investment by reinforcing networks with Italy, a major economic power in Europe

 

This agreement was part of the “Korea-Italy Business Forum 2025,” hosted by the Embassy of Italy in Korea and the Italian Trade Agency. During the event, four MOUs were signed in total, including the BJFEZ–ITCCK agreement, with Daewoo Engineering & Construction, Export-Import Bank of Korea, and the Korea Robotics Industry Association also participating.

 

The Italian Chamber of Commerce in Korea (ITCCK) was established in May 2008 and officially recognized by the Italian government in 2013. It serves as a mediator that promotes business, cultural, and investment exchanges between the two countries. Today, it has expanded its networking to around 200 companies, and continues to strengthen its activities in consulting and networking to create trade opportunities for both Korean and Italian businesses.

 

Through this MOU, the two organizations agreed to cooperate on the following:
· Supporting Italian companies’ entry into Busan and Gyeongnam
· Expanding Korean companies’ access to the European market
· Hosting exchange events between Korean and Italian companies
· Sharing information on investment and industry

 

In particular, BJFEZ plans to use this agreement to link the logistics infrastructure of the Busan New Port hinterland with the advanced technologies and industrial strengths of Italian companies, thereby creating new business opportunities. This is also expected to contribute positively to strengthening regional industrial competitiveness and creating jobs.

 

Meanwhile, BJFEZ has been working actively to establish overseas investment networks in Europe, the Middle East, and China, and has recently achieved tangible results in attracting foreign investment. In the first half of 2025, Foreign Direct Investment (FDI) recorded USD 353.6 million in commitments and USD 362.7 million in arrivals.

 

This represents an increase of about 67% compared to the same period last year, and a 196% achievement of the annual target of USD 180 million for 2025. The achievement is particularly significant given the continued uncertainties in the global investment environment, such as strengthened U.S. protectionist trade policies and prolonged high interest rates.

 

Commissioner Park Sung-ho stated, “Cooperation with Italy will go beyond simple investment attraction activities and lead to tangible outcomes that local industries and citizens can directly benefit from. Going forward, we will continue to expand collaboration with global companies and foster BJFEZ into a leading economic hub in Northeast Asia.”

 

This press release has been translated with the help of ChatGPT.