May 11th
Austrian Embassy, "Advantage Austria", Mr. Philipp Winkler, Commercial Attachee & Deputy Trade Commissioner
Austria is a small country, but geographically located between Germany and Italy, it is a major exporter, located in the center of Europe, and has very good mobility and connectivity. So Austria is a country where trade is very advanced. Exports are very important to the Austrian economy. More than 50% of Austria's GDP accounts for an export rate and exports to more than 200 countries. And all second jobs in Austria depend directly or indirectly on exports. More than 67.5% of Austria's exports are made up of European countries, and the second is Asia.Austria's top goods exports are machinery, chemicals, steel, and metal products.
South Korea is the third largest trading partner in Asia after China and Japan in Austria (12th in the world). In 2021, Austria exported EUR 1.23bn.(+13.1%y-o-y) to Korea and imported EUR 921.5mn.(+13.8%y-o-y). The most important products of Austria's exports to Korea are automotive parts, machines, and electronics products. The most important products of Korea's Austrian imports are cars and electronics products. Korea is an attractive investment target for Austrian companies, and in 2020, Austrian companies invested EUR 1bn. in Korea. Roughly 60 Austrian companies have subsidiaries in Korea.
At the end, he talked about preparing for life after university. For example, be flexible in your CV and be a good negotiator!
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