Han Deok-su: "Maintain a Strong Korean Economic System"... Meeting with German and French Chambers of Commerce in Korea

"Government-Financial Institution Cooperation... Efforts to Ensure Stable Environment for Foreign Investment"

Prime Minister Han Duck-soo stated on the 11th, "Despite recent changes in the domestic political environment, South Korea's economic system remains firmly maintained." He emphasized this while meeting with economic organizations such as the Korean-German Chamber of Commerce and Industry (KGCCI) and the French-Korean Chamber of Commerce and Industry (FKCCI), highlighting efforts to create a stable environment necessary for attracting foreign direct investment (FDI).

Prime Minister Han Duck-soo is delivering the keynote speech at a special meeting jointly hosted by the German Chamber of Commerce in Korea and the French Chamber of Commerce in Korea on the 11th at the Banyan Tree Club & Spa Seoul in Jung-gu, Seoul. Photo by the German Chamber of Commerce in Korea

Prime Minister Han made these remarks at a special meeting jointly hosted by KGCCI and FKCCI held the previous day at the Banyan Tree Club & Spa Seoul in Jung-gu, Seoul. About 190 people, including executives from both organizations and corporate delegations, attended the meeting. From the government side, Prime Minister Han and Jung In-kyo, Director-General for Trade Negotiations at the Ministry of Trade, Industry and Energy, participated.

Prime Minister Han emphasized, "Government ministries, including the Ministry of Trade, Industry and Energy, are working closely with financial institutions to ensure a stable environment for foreign investment and domestic economic activities."

He requested overseas investment companies to "actively engage in business activities based on support and trust in South Korea's economic fundamentals."

On the 11th, Han Duck-soo, Prime Minister of South Korea (center), and key guests who attended the special meeting jointly hosted by the German Chamber of Commerce in Korea and the French Chamber of Commerce in Korea at the Banyan Tree Club & Spa Seoul in Jung-gu, Seoul, are taking a commemorative photo. Photo by the German Chamber of Commerce in Korea

Park Hyun-nam, Chairman of KGCCI, said, "Last year, Germany's cumulative direct investment in South Korea exceeded 17 billion euros (approximately 25.55 trillion KRW), and the trade volume between the two countries reached 34 billion euros (approximately 51.1 trillion KRW), indicating active economic interaction."

David Pierre Jallicon, Chairman of FKCCI, stated, "I am confident that South Korea will overcome the current political situation well and also navigate the resulting economic challenges effectively." He added, "Through a meeting last Friday with Deputy Prime Minister for Economy Choi Sang-mok and Minister of Trade, Industry and Energy Ahn Deok-geun, we reaffirmed that the business activities of the French business community in South Korea are still proceeding normally."

He continued, "Last year, trade between the two countries amounted to 16 billion euros (approximately 24.05 trillion KRW), doubling compared to ten years ago. French companies in South Korea have invested 5 billion euros (approximately 7.5 trillion KRW), recorded cumulative sales of 14.6 billion euros (approximately 21.95 trillion KRW), and created 25,000 jobs," he added.

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