Jim Rogers: "Korean Economy Has Excellent Potential... Need to Ease Regulations and Promote Entrepreneurship"

Yeohan-gu, Director General of Trade Negotiations at the Ministry of Industry, Meets with Chairman Jim Rogers

[Sejong=Asia Economy Reporter Kwon Haeyoung] Global investor Jim Rogers advised that deregulation, innovation, and the promotion of entrepreneurship are essential to fully realize the potential of the Korean economy.

According to the Ministry of Trade, Industry and Energy on the 17th, Jim Rogers, Chairman of Rogers Holdings, during a meeting on the afternoon of the 16th with Ye Han-gu, Director General for Trade Negotiations of Korea, stated, "We must move forward with more active trade, free trade, deregulation, innovation, and the promotion of entrepreneurship," he said.

During the meeting, discussions were held on the economic outlook of Korea and the Asia-Pacific region, as well as global trade trends. Chairman Rogers evaluated, "The Korean economy is particularly dynamic and has excellent potential even within the Asian region," adding, "There is expected growth potential in sectors such as transportation, tourism, and agriculture." He further noted, "If inter-Korean economic cooperation is revitalized and peace is established on the Korean Peninsula, the growth potential of the Korean economy will receive significant attention," and added, "The New Northern Policy pursued by the Korean government will also contribute to this."

Director General Ye and Chairman Rogers also discussed global trade trends and prospects, including digital trade agreements, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and supply chains. Chairman Rogers highly praised the conclusion of the Korea-Singapore Digital Partnership Agreement (DPA) and the initiation of social discussions for Korea's accession to the CPTPP.