“If you invest in Korea, we will support you to achieve solid results.”
President Yoon Seok-yeol’s visit to the United States was an opportunity for local global companies to invest a total of $1.15 billion, the presidential office said.
On the morning of the 22nd (local time), President Yoon attended the ‘North American Investment Reporting Ceremony and Investor Roundtable’ with representatives of global companies at a hotel in New York, USA.
In this event, seven global companies reported investments of this size to the Ministry of Trade, Industry and Energy, the presidential office said in a press release.
These companies, which cover semiconductors, biotechnology, information technology (ICT), secondary batteries, logistics, new and renewable energy, automobiles and aviation, will employ more than 300 people to promote advanced technology research and development and expand production together.
President Yoon expressed his gratitude for this and said, “The new government is shifting its economic stance to the private sector and the market, and is working hard to create an environment that is conducive to business management so companies can demonstrate their capabilities through bold regulatory innovation.” he emphasized.
He also promised, “If we invest in Korea, we will take responsibility and provide support so that specific results can be obtained.”
In addition, President Yoon said, “Korea is an open trade country with the highest level of trade and investment network. The scope of free trade agreements (FTAs) reaches 85% of the world’s gross domestic product (GDP), and global companies are “I really appreciate Korea as a base,” he said.
President Yoon added, “Korea has first-class innovation capabilities, and the Korean government focuses on cultivating high-tech industry talents, so foreign-invested companies will be able to meet first-class talents in Korea.”
An official from the presidential office explained in a briefing about the significance of the event, “It was a sales diplomacy venue where the president directly attracted foreign investment.”
The official said, “The attraction of investment in high-tech industries and eco-friendly industries in the future will be the foundation for Korea to emerge as a global hub for high-tech manufacturing industries. It will contribute,” he said.
/happy news
