News Release
BASF executive awarded Korean Order of Industrial For Media Inquiries:
Service Medal BASF Korea Nari Kim Phone: (82) 2 3707 7507 Bernd Gehlen recognized for contribution to developing Fax: (82) 2 3707 7889 [email protected] new foreign investments Insight Communications (PR Agency)
Seoul, Korea — November 23, 2016 — Bernd Gehlen, Head of Clare Lee Corporate Services at BASF in Korea, received the Order of Phone: (82) 2 739 7054 Mobile: (82)10 4874 7803 Industrial Service Medal for his contribution to Korean industry at [email protected] a ceremony during Foreign Company Day 2016, hosted by the
Ministry of Trade, Industry and Energy.
Gehlen was recognized for his contribution in developing investment projects in Korea, such as an additional production line for Ultrason® in Yeosu, and jointly establishing production facilities for engineering plastics, Polyoxymethylene (POM), at Gimcheon.
These new projects contribute to the development of the Korean economy.
BASF began its business in Korea in 1954. The company now has seven large production facilities in Yeosu, Ulsan, Gunsan, Ansan and Yesan and five technology centers in Suwon, Ansan, Siheung and Dongtan. BASF established a global sales office for its organic electronics business in Seoul, Korea in 2013, and has three joint companies. Currently, 1,057 employees are working for BASF Korea. BASF Company Ltd. 16F, KCCI Bldg., 39, Sejong-daero, Jung-gu, Seoul, Korea 100-743 Phone: (82) 2 3707 7506 The Foreign Company Day 2016, hosted by the Ministry of Trade, Fax: (82) 2 3707 7889 http://www.basf.co.kr Industry and Energy and organized by the Korean Foreign
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Company Association, acknowledges the importance of foreign- invested enterprises and their contribution to the economic development of Korea.
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About BASF in Korea
BASF has been a committed partner to Korea since 1954. As a leading foreign investor in the Korean chemical industry, BASF operates seven world-scale production sites in Korea. BASF maintains an R&D center in Suwon and four technical development centers in Korea. The Asia Pacific headquarters of BASF’s Electronic Materials business is located in Seoul. BASF posted sales to customers in Korea of approximately €1.1 billion in 2015, and employed 1,108 employees in Korea as at December 31, 2015. For further information please visit: www.basf.com/kr.
About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 112,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of more than €70 billion in 2015. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS). Further information at www.basf.com.