Koo Yooncheol: "Investing in Korea Brings Benefits?Let’s Share the Fruits of Success Together"

Deputy Prime Minister and Minister of Strategy and Finance Koo Yoon-chul, who is currently visiting the United States, proposed to financial figures from Wall Street that investing in Korea now would benefit each investment firm, inviting them to share in the fruits of success together.

Deputy Prime Minister and Minister of Strategy and Finance Koo Yoon-chul held a Korea Economic Investment Roadshow (IR) on the 14th (local time) at the Republic of Korea Permanent Mission to the United Nations in New York, USA, explaining the current response to the Middle East situation and the government's economic policy direction to major Wall Street investors. Ministry of Strategy and Finance

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On April 14 (local time), at the Korea Economic Investment Roadshow (IR) held at the Permanent Mission of the Republic of Korea to the United Nations, Deputy Prime Minister Koo stated, "Artificial intelligence (AI) and semiconductors are the engines of the Korean economy, and Korea's soft power, represented by K-culture, has also grown to an astonishing level." The event was attended by around 20 senior executives from 13 major financial institutions, including leading global investment banks such as Citi and Goldman Sachs, as well as major global asset management firms such as JP Morgan, Morgan Stanley, State Street, BlackRock, and Northern Trust.

Deputy Prime Minister Koo remarked, "Recently, global economic volatility has increased significantly due to the outbreak of war in the Middle East and rising energy prices. In times like these, I believe differences in capabilities between countries become more apparent." He continued, "In the short term, Korea is responding to external shocks with active fiscal policies, such as supplementary budget allocations and a financial market stabilization package." He further emphasized, "More fundamentally, the Korean government is making every effort to position the capital market as a core platform for economic growth and to advance it in line with global standards." Deputy Prime Minister Koo highlighted Korea's three rounds of commercial law amendments and tax reforms, and said that, to join the MSCI Developed Markets Index, Korea would swiftly implement 24-hour foreign exchange market operations and offshore won settlement. "These measures," he explained, "will create momentum for the Korean capital market to be recognized for its rightful Korea premium."

On the 14th (local time), Deputy Prime Minister and Minister of Strategy and Finance Koo Yoon-chul held a Korean economic investment briefing (IR) at the Permanent Mission of the Republic of Korea to the United Nations in New York, USA, and engaged in conversations with major Wall Street investors before the event started. Ministry of Strategy and Finance

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Deputy Prime Minister Koo stated, "Korea is a country equipped with the world's best semiconductor industry and advanced manufacturing capabilities. The government is concentrating its policy efforts on building AI infrastructure-such as GPUs, data, and talent-as well as fostering strategic technologies like graphene, superconductors, and small modular reactors (SMRs), to lead the era of the 'physical AI transformation.' He emphasized that Korea's capacity for innovation and ongoing capital market reforms will provide global investors with new investment opportunities, and urged, "Trust in Korea and invest proactively."

The participants showed great interest in the Korean economy, asking questions about the AI transformation strategy and the government's response to the Middle East war, among other major policy directions. Deputy Prime Minister Koo referenced a statement by President Lee Jaemyung at last September's New York investment briefing, recalling, "He asked investors to take interest in the Korean stock market, but jokingly said he was worried they might come in even before the Korean people." Koo responded, "If you haven't invested yet, now might be the right time to enter." Jay Collins, Vice Chairman of Citibank, who moderated the event, commented, "Deputy Prime Minister Koo's 'Buy Korea' message is truly memorable." Deputy Prime Minister Koo is scheduled to attend the G20 Finance Ministers and Central Bank Governors Meeting in Washington, D.C. on April 16-17.

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