Invest KOREA Receives Prestigious 'UN Investment Promotion Award' in Investment Attraction Field

Efforts to Establish Sustainable Energy Infrastructure Receive Praise

Invest Korea, KOTRA's dedicated organization for attracting foreign investment, announced on the 16th that it received the 'UN Investment Promotion Award,' the world's most prestigious award in the field of investment attraction, hosted by the United Nations Conference on Trade and Development (UNCTAD).

Since 2002, UNCTAD has annually selected outstanding institutions in investment attraction activities and awarded the UN Investment Promotion Award. This year, focusing on 'investment attraction in the energy transition sector' to address climate change, one of the UN's Sustainable Development Goals, UNCTAD evaluated the activities of 195 institutions since March and selected Invest Korea. James Zhan, Director of the Investment and Enterprise Division at UNCTAD, stated the award background, saying, "The efforts to establish sustainable energy infrastructure in response to climate change stood out."

Kim Tae-hyung, CEO of Invest Korea, said, "This is international recognition of Korea's efforts to attract investment in advanced industries addressing the global issue of climate change," adding, "We will take the lead in supporting the strengthening of domestic industrial supply chains and the creation of new jobs through investment attraction."

Meanwhile, Invest Korea attended the '8th World Investment Forum,' hosted by UNCTAD from the 16th for five days in Abu Dhabi, UAE, and made a presentation related to this award. They highlighted their role as an investment promotion agency enabling sustainable energy investment attraction in Korea. The forum was attended by over 7,000 participants from 160 countries, including ministers and vice ministers from major countries, investment promotion agencies, and executives of global companies.

Invest Korea will also hold the representative national investment attraction IR event, 'Invest Korea Summit 2023,' from the 6th to the 8th of next month. This event, held for the 19th time this year, will be hosted in Busan for the first time to promote the Busan EXPO. Invest Korea plans to invite about 300 foreign investors, foreign journalists, and diplomatic missions in Korea to showcase Korea's excellence as an investment hub from the perspective of advanced domestic industries and supply chains.

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