The Korea International Trade Association (KITA) met with the Polish government to discuss ways for Korean corporations to expand their presence in Europe and conveyed the difficulties faced by corporations already operating locally.
On the 6th (local time), KITA Vice President Lee In-ho met with Andrzej Długoś, the head of the Investment and Trade Agency in Warsaw, Poland. During the meeting, Vice President Lee conveyed the issue of rising energy expenses faced by Korean corporations operating locally due to the legislative and institutional changes related to decarbonization in the European Union (EU).
In particular, noting that battery corporations contribute to the development of the Polish industry and job creation through large-scale local investments, he requested the establishment of a support program for energy cost subsidies for the battery industry.
Vice President Lee later decided to convey the difficulties faced by corporations regarding delays in the issuance of foreign labor permits and residency cards during a meeting with Michał Baranowski, the Vice Minister of Economic Development and Technology in Poland.
On the 21st of last month, a bill to shorten the issuance period for foreign labor permits passed the lower house of the Polish parliament. The plan is to request support for including Korean corporations on the list of businesses designated for the 'priority processing procedure' included in the bill.