President Moon: "I will personally oversee institutional improvements for foreign companies... Boldly resolving regulations"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] On the afternoon of the 17th, President Moon Jae-in held a dialogue event with foreign-invested companies at the Blue House and pledged to personally oversee improvements to support systems for foreign-invested companies, urging, "Please make bold efforts to resolve regulations."

In his closing remarks, President Moon stated, "I will personally check how the stories I heard directly from the field are being handled and how they are leading to greater institutional improvements."

President Moon said, "(The foreign-invested company system) ultimately involves two issues: support and regulation," and added, "I hope the government benchmarks support systems from other countries and strives to establish Korea as having the most advanced support system in the world."

He also emphasized, "Please make bold efforts to resolve regulations through sufficient dialogue and communication regarding the difficulties faced by foreign-invested companies," and "I hope special support will be expanded not only for the three national strategic industries?semiconductors, batteries, and vaccines?but also for areas that the nation must strategically manage and develop, such as hydrogen and rare metals."

He then urged the foreign-invested companies attending the event, "I hope you will play the role of ambassadors who widely promote abroad the fact that Korea is a very good country for investment."

[Image source=Yonhap News]

James Kim, representative of the American Chamber of Commerce, who attended the event, said, "The Moon administration demonstrated leadership in overcoming global crises and difficulties," and added, "Just as The New York Times moved its Asia headquarters to Seoul, we will strive to attract many Asia headquarters to Korea, enable many small and medium-sized enterprises to operate in Korea, and become a trustworthy partner for Korea."

Dirk Lukat, chairman of the European Chamber of Commerce in Korea, said, "I expect Korea, which has been elevated from a developing country to an advanced country, to take on new roles accompanied by greater responsibilities," and Toshinobu Sato, director of the Seoul Japan Club, said, "The areas of cooperation between Korea and Japan cover various fields such as carbon neutrality, and the economic ties between the two countries will remain steady and become even stronger."

Luo Jianlong, chairman of the Chinese Chamber of Commerce in Korea, expressed gratitude to the government and related agencies for listening to the difficulties of Chinese companies, stating, "The Chinese Chamber of Commerce will serve as a bridge connecting the two countries and contribute to expanding the depth and breadth of Korea-China exchanges."

In remarks from company representatives that followed, Oh Dong-wook, CEO of Korea Pfizer, said, "President Moon’s meeting with the Pfizer chairman in the United States last September helped ensure stable vaccine supply and facility investment," and added, "For attracting investment, development innovation and R&D support are necessary."

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