Oh Se-hoon: "Political turmoil will stabilize in 1-2 months... Invest in Seoul with confidence"

Starting with Economic Organizations, Monitoring Economic Conditions Daily
Meeting Foreign Investment Firms to Restore External Trust
Long-term Investment Commitment... "Establishing a Strategic Think Tank"
Strengthening Political Messages... Notable Change in Impeachment Stance

Seoul Mayor Oh Se-hoon stated, "The political turmoil is expected to stabilize within one to two months at most." This remark aims to convey to foreign investment firms that Korea remains a stable investment destination amid concerns over declining external trust due to the martial law situation and impeachment crisis. Since the martial law incident, Mayor Oh has been closely monitoring the economic situation daily and has not hesitated to deliver political messages as a potential presidential candidate.

On the morning of the 13th, Mayor Oh held a meeting with representatives of foreign financial and investment firms at Seoul City Hall, saying, "I believe that foreign companies planning to invest in Seoul have been more deeply concerned than ever due to the recent series of events," and added, "Seoul City is devising extraordinary measures across all economic sectors."

Yonhap News

In particular, Mayor Oh expressed confidence to the foreign financial and investment representatives, stating, "Despite many domestic and international concerns, Korea is swiftly regaining stability under the firm principles of democracy and the rule of law." Referring to Seoul's rise to 6th place in the World City Comprehensive Competitiveness Index by the Morig Foundation of Japan on the 11th, up one rank from last year, he emphasized, "Seoul remains one of the safest cities worldwide and an attractive investment destination due to continuous industrial support policies."

He also introduced policies Seoul City has pursued so far. Starting with the 'Seoul Vision 2030 Fund,' which promises an investment of 5 trillion won, he explained investment activities in creative industries, AI (artificial intelligence), and the bio industry, saying, "We are also actively promoting the attraction of global talent in advanced industries." He hinted at additional mid- to long-term investments. Mayor Oh stated, "We will establish and operate a Foreign Investment Solutions Center within 'Invest Seoul,' a dedicated organization for attracting global companies and capital, to serve as a dedicated channel for resolving difficulties faced by foreign investment companies." He added, "We will form a think tank to advise on foreign investment attraction strategies and establish the 'Seoul Investment Promotion Foundation' next year, the first investment promotion agency among local governments." This indicates efforts to build diverse networks and attract investment specialized in Seoul's strategic industries.

He predicted that the current political turmoil would stabilize within one to two months. Mayor Oh believes that Korea can demonstrate to the world its resilience by overcoming the current political and economic difficulties swiftly and restoring stability in a short period.

In political circles, it is anticipated that Mayor Oh will exert significant influence as a senior party member alongside his efforts to revive the economy as Seoul's mayor. Regarding the current situation, Mayor Oh has been meeting daily with economic organizations, the tourism industry, and autonomous districts since the 10th to devise countermeasures, and he has issued political messages different in tone from before. On the 6th, through a joint statement of the People Power Party's city and provincial governors' council, Mayor Oh opposed impeachment, but just a week later, he reversed his stance by saying, "The People Power Party should impeach President Yoon Seok-youl as the party's official position," setting a firm tone. He is the first among the party's metropolitan leaders to express support for impeachment, which is interpreted as his willingness not to avoid responsibility and role regarding the current situation.

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