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EUCCK Appoints New CFO Committee Head
Mr. Nico Ranke, CFO & Vice President of BMW Group Korea

The European Union Chamber of Commerce in Korea (EUCCK, is pleased to announce the election of Mr. Nico Ranke, CFO & Vice President of BMW Group Korea, and Mr. Frank Preissner, CFO & Head of Finance and Information Systems of SCHAEFFLER Korea , as CFO Committee Chairman and Vice-Chairman respectively. Their appointments took effect on Sunday, 1st October 2006.

Mr. Ranke and Mr. Preissner, with their rich experience are expected to play a very important role in the chambers activities. The main objective of the CFO Committee is to address important common issues in many industries faced by several European companies in their business activities in Korea.

Mr. Alex Joong-hyun Lee, Tax Partner in Samil PricewaterhouseCoopers, has also been nominated as the Chairman of EUCCK Taxation Committee.

Mr. Lee specializes in advising multinational clients on strategic tax matters including mergers & acquisitions, structuring and foreign direct investment into Korea. Further, he assists numerous European and U.S. multinational companies in tax compliance, audit defense, tax appeals, competent authority negotiations and global tax planning.

"I am truly honored and thankful to have the opportunity to lead the EUCCK Taxation Committee. In this role, I'm determined to be instrumental in communicating the latest Korean tax developments as well as bridging the tax law interpretation gap between the tax authorities and the members of EUCCK," he said.

Mr. Jean-Jacques Grauhar, Secretary General, EUCCK, welcomed their election and said: "We look forward to the further development of the EUCCK CFO Committee and the Taxation Committee under their able leadership."

Ram Garikipati
Chief Editor
The European Union Chamber of Commerce in Korea
20th Floor, Kyobo Building
1 Jongno 1-Ga, Jongno-Gu
Seoul 110-714, South Korea
Tel. (02) 725-9916 (dir.)
Fax. (02) 725-9950

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