Invest Korea Elected Vice Chair of World Association of Investment Promotion Agencies

Elected as Vice Chair Institution of WAIPA for the First Time
Active Among 140 Member Agencies... Promoting Global Investment
Expected to Play a Key Role in Future Industry Cooperation

The Korea Trade-Investment Promotion Agency (KOTRA) announced on October 22 that Invest Korea was elected as a vice chair institution of the board at the 29th World Association of Investment Promotion Agencies (WAIPA) General Assembly, which took place on October 21 at the Sharjah Convention Center in the United Arab Emirates.

Kim Taehyung, CEO of Invest Korea, is announcing his candidacy remarks and future activity plans ahead of the World Association of Investment Promotion Agencies (WAIPA) board election. KOTRA

Invest Korea has recently been solidifying its presence on the global stage by taking on a series of important roles. On October 17, it was selected as one of the "Top Investment Promotion Agencies for 2025" by the UK-based global investment magazine FDI Insider. On the same day, it was also recognized as a "Leading Institution in AI for Investment Promotion Excellence" by WAIPA, further acknowledging its outstanding investment promotion activities in the international community.

WAIPA is an association of national investment promotion agencies (IPAs) established in 1995 by the United Nations Conference on Trade and Development (UNCTAD). It operates with the goal of networking and sharing best practices in investment promotion. Currently, 140 investment promotion agencies are members, with active participation from both advanced economies and Global South countries, fostering global investment cooperation. The board is WAIPA's core executive body, responsible for implementing resolutions from the General Assembly, and is composed of a president and vice president elected by the board, as well as 11 regional directors. The newly elected executive team will serve a two-year term starting in 2025.

With Invest Korea's election as vice chair, Korea is expected to reach a turning point in expanding its role as a leader among global investment promotion agencies within the international investment network. As vice chair of the WAIPA board, Invest Korea plans to strengthen cooperation, particularly with Global South countries, and to broaden collaboration in future growth industries.

Invest Korea has been a WAIPA member since 2001. Since 2015, it has also successfully served five consecutive terms as the regional director for East and Southeast Asia. Attending the WAIPA General Assembly the previous day, Kim Taehyung, CEO of Invest Korea, announced his candidacy for the vice chair position, stating, "Korea will strive to create an investment-friendly environment within WAIPA, share investment promotion strategies based on Korea's experience with member countries, and ensure that member institutions receive reliable investment information."

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