KOTRA Holds Forum to Address Demand from Foreign-Invested Companies... Lecture by Former Trade Negotiation Chief Yeohangu

Lecture by Yeo Hang-gu, Former Director-General for Trade Negotiations, Ministry of Trade, Industry and Energy, Co-hosted by the European Chamber of Commerce in Korea and Business+ Forum on the 20th

[Asia Economy Reporter Kim Pyeonghwa] The Korea Trade-Investment Promotion Agency (KOTRA) held the 5th Business Plus (+) Forum on the 20th at the Lotte Hotel in Seoul in collaboration with the European Chamber of Commerce in Korea. This event, organized to respond to the increasing business demands of foreign-invested companies in Korea, has been held monthly since March. About 70 expatriates from foreign companies and institutions operating in Korea attended this forum.

Yeo Han-gu, former Director-General for Trade Negotiations at the Ministry of Trade, Industry and Energy, gave a lecture on the theme of "New Global Trends in Trade and Investment" at the Business+ Forum that day. Former Director-General Yeo reviewed the crises and opportunities amid global economic uncertainties such as the prolonged Russia-Ukraine war, declining growth rates, and soaring inflation leading to high-interest rate policies during the COVID-19 pandemic. He emphasized that trade is a critical factor determining the fate of nations and companies, urging that competitiveness should be strengthened through integration with the real economy to directly contribute to national wealth creation. He also requested support for the 2030 Busan World Expo from the attendees.

Ryu Jae-won, Director of the Trade and Investment Data Division at KOTRA, said, “I hope this forum was beneficial for foreign-invested companies to review their business performance in the first half of this year, assess new global trends, and set future business directions.”

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