President Moon Urges Investment in Korea to Open the Post-Corona Era

2021 Foreign Investment Week Forum Video Congratulatory Address... "Excellent Control of COVID Spread Without Lockdown"

[Asia Economy Reporter Ryu Jeong-min] President Moon Jae-in said in a video congratulatory message at the '2021 Foreign Investment Week Forum' on the 3rd, "There are new and diverse opportunities in Korea to open the post-COVID-19 era. Please invest in Korea."

President Moon said, "To global businesspeople and investors, I was able to confirm the passionate interest of global businesspeople in Korean investment during the Davos Forum in January this year and two visits to the United States," and spoke as follows.

President Moon explained, "Korea is quickly regaining economic vitality despite the difficulties of COVID-19. The will of the people and companies to turn crisis into opportunity has gathered, and digital and eco-friendly industries are rapidly growing."

President Moon emphasized, "Korea is a promising, sustainable, and stable investment destination. It has excellent capabilities to respond to crises such as infectious diseases and disasters, and its economic resilience is outstanding. Korea excellently controlled the spread of COVID-19 without lockdowns, and companies continued normal economic activities even during the COVID-19 situation."

President Moon said, "The Korean economy is recovering the fastest. Even as most major countries' growth forecasts are being revised downward this year, Korea maintains a high forecast of 4.3%. The national credit rating is also maintained at the highest level, and Korea has kept its position in the top 5 for seven consecutive years in the World Bank's ease of doing business evaluation."

President Moon stated, "Intellectual property is also active, and Korea has risen as an innovation powerhouse ranked first in the Bloomberg Innovation Index worldwide and first in Asia in the World Intellectual Property Organization's Global Innovation Index. It is an optimal testbed for commercializing new technologies and new products."

President Moon explained, "Korea is currently promoting the Korean New Deal 2.0, a large national project centered on the Green New Deal and Digital New Deal. Despite the difficult COVID-19 situation, many global companies and investors are already making the second-highest investment ever, including in K-New Deal, materials, parts and equipment (Sobu-jang), and bio sectors."

President Moon pledged, "We are expanding tax, location, cash, and employment support for foreign-invested companies. We will ease regulations for the smooth progress of new businesses and actively resolve investment difficulties."

President Moon said, "In particular, we will strengthen support for research and development and facility investment in the Big 3 advanced industries such as semiconductors, future cars, and bio. We will create new investment opportunities through core technology development in materials, parts and equipment, and carbon neutrality sectors."

President Moon added, "We will also build a stronger trade and investment platform. Korea has an FTA network with 57 countries worldwide, including major economic blocs such as the U.S., China, and the EU."

This content was produced with the assistance of AI translation services.