Meeting with Foreign Companies, President Moon: "Korea is a Stable and Attractive Investment Destination"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] On the 17th, President Moon Jae-in invited foreign-invested company officials to the Blue House and urged them to expand investment, saying, "Korea is a stable, sustainable, and attractive investment destination."

In his opening remarks at the meeting, President Moon said, "Despite the COVID-19 crisis, Korea suffered the least economic damage among major countries and has shown a rapid and strong recovery, solidifying its position as a stable investment destination with a high national credit rating."

President Moon emphasized that Korea possesses a robust manufacturing industry based on advanced technology and production capacity, has established an FTA (Free Trade Agreement) platform covering 85% of the world's GDP, and provides many incentives for foreign investment, such as rent reductions and exemption from capital goods tariffs.

He added, "Even amid the global pandemic, Korea maintained an open economy ensuring the safety of logistics and workforce movement without lockdown measures," and urged, "I ask foreign-invested company representatives to become investment ambassadors who promote Korea's attractiveness as an investment destination to the world."

The meeting was organized to evaluate Korea's elevated economic status, with foreign investment amounting to nearly 30 billion dollars last year, and to actively promote further foreign investment. This was the first time since COVID-19 that President Moon held a meeting with foreign-invested companies, marking 2 years and 11 months since March 2019.

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