About EUCCK REC
Introduction
Since the opening of the Korean real estate market in 1998, the Korean market grew rapidly especially with foreign investments. In particular, Korea has recently seen increasing real estate investment opportunities from European countries. For that reason the Real Estate Committee was set up within the The European Union Chamber of Commerce in Korea (EUCCK) to represent and raise awareness of foreign Real Estate companies in Korea.
Real Estate Committee
The Real Estate Committee (REC) of The European Union Chamber of Commerce in Korea is one out of the 28 industry specific working committees. REC has become the leading representative body for foreign real estate companies in Korea and was established in November 2006.
Objectives
EUREC's major objectives are to:
- Find reliable local partners for foreign real estate companies.
- Create awareness of foreign real estate companies.
- Improve the business environment for members by facilitating the dialogue between the real estate industry and the different arms of the central government including the Ministry of Land, Transport and Maritime Affairs, Ministry of Strategy and Finance, Financial Supervisory Service, Financial Services Commission and the local governments, etc .
- Provide accurate and better information to foreign Investors .
- Unify and stimulate growth of the industry via the creation of a representative body.
Activities
The Real Estate Committee engages in a variety of activities to reach the Committee' s objectives. The activity scope involves:
- Reviewing and recommending foreign friendly policies to government departments
- Arranging meeting with high and middle rank government officials who are in charge of real estate policies from relevant ministries
- Arranging business meetings for members and hosting monthly luncheons and seminars with industry professionals and high-rank government officials
- Hosting exclusive social gatherings for excellent networking opportunities
- Providing monthly Infomag Real Estate Magazine to inform about up-to-date changes in regulations, compliance requirements, theories, laws, projects and market trends
