Choo Kyung-ho: "Korean and British Companies, Financial Institutions Create Friendly Investment Environment"

Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho attended the opening ceremony of the London Stock Exchange on the 23rd (local time) and urged active cooperation between the financial sectors of the two countries.

The Ministry of Economy and Finance stated that the event was arranged as the London Stock Exchange invited Deputy Prime Minister Choo on the occasion of President Yoon Suk-yeol's state visit to the United Kingdom. This is the first time a Korean government official has attended the opening ceremony of the London Stock Exchange.

The London Stock Exchange opening ceremony is held daily at 8 a.m. before the market opens, inviting representatives of newly listed companies or funds, corporate leaders, social organizations, politicians, and distinguished guests for major events or anniversaries.

Strategic Development Partnership between Korea and the UK
(London=Yonhap News) Correspondent Yoonjung Choi = On the 21st (local time), Deputy Prime Minister for Economic Affairs Choo Kyung-ho (center), Foreign Minister Park Jin (right), and UK Foreign Secretary David Cameron met at the Foreign Secretary's residence in London to sign and commemorate the Strategic Development Partnership between Korea and the UK. 2023.11.21
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At the event, Deputy Prime Minister Choo emphasized, "As a result of this summit, we will utilize the newly established Korea-UK economic and financial cooperation channel to create a friendly investment environment for companies and financial institutions of both countries." He also introduced the Korean government's efforts to expand accessibility for foreign investors and requested increased interest in the Korean financial market. Previously, the Korean government decided to expand foreign investor accessibility by allowing foreign financial institutions to participate in the foreign exchange market and extending trading hours until 2 a.m., the closing time of the London market.

Before the event, Deputy Prime Minister Choo met with David Schwimmer, CEO of the London Stock Exchange Group (LSEG), which is also the parent company of FTSE Russell, the compiler of the World Government Bond Index (WGBI). He requested LSEG to pay attention to Korea's efforts to improve access to the government bond market and to enhance the perception of London-based investors.

In response, the UK side highly evaluated Korea's efforts to be included in the WGBI and mentioned that they would maintain continuous interest going forward.

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