Attendance at North America Regional Investment Reporting Ceremony and Investor Roundtable
President Yoon Suk-yeol is speaking at an investment declaration ceremony and North America regional investors roundtable held at a hotel in New York, USA, on the 22nd (local time). [Image source=Yonhap News]
[Asia Economy Reporter Ki-min Lee] "We will take responsibility and provide support to ensure definite results when investing in Korea."
On the morning of the 22nd (local time), President Yoon Suk-yeol attended the 'North America Regional Investment Reporting Ceremony and Investment Round Table' with representatives of global companies at a hotel in New York, USA, and made this statement.
At this event, the presidential office announced through a press release that seven global companies pledged a total investment of $1.15 billion to the Ministry of Trade, Industry and Energy.
These companies are in sectors closely related to the nation's strategic core technologies, including semiconductors, bio, information and communication technology (ICT), secondary batteries, logistics, renewable energy, automotive, and aviation. They also announced plans to employ more than 300 personnel to promote advanced technology research and development and expand production.
President Yoon expressed gratitude for this investment commitment and emphasized, "The new government is shifting the economic policy to be centered on the private sector and the market, and is dedicated to creating a business-friendly environment by implementing bold regulatory innovations so that companies can fully demonstrate their capabilities."
Furthermore, President Yoon explained, "Korea is an open trade country with the highest level of trade and investment networks. The comprehensive scope of free trade agreements (FTAs) covers 85% of the world's total production, and global companies highly regard Korea as a hub for the global market."
President Yoon also stated, "Korea possesses world-class innovation capabilities, and since the Korean government is focusing on nurturing talent in advanced industries, foreign-invested companies will be able to meet world-class talent in Korea."
A presidential office official explained the significance of the event in a briefing, saying, "It was a sales diplomacy occasion where the president personally engaged in attracting foreign investment."
The official added, "Attracting investment in advanced industries and eco-friendly future industries will lay the foundation for Korea to emerge as a global hub for advanced manufacturing industries. The expansion of research and development investment will contribute to strengthening Korea's economic innovation capabilities through foreign investment."
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