Kim Dong-yeon’s Consecutive Global Economic and Diplomatic Moves... Meeting with Heads of IB in Korea on the 11th

Kim Dong-yeon is continuously engaging in global economic and diplomatic activities.

On the 11th, Governor Kim Dong-yeon met with representatives of foreign banks in Korea, including global investment banks (IBs), at the NH Financial Tower conference room in Yeongdeungpo-gu, Seoul, delivering a message to restore trust in the Korean economy and requesting efforts for the economic revival of Korea.

The meeting was attended by representatives of the Seoul branches of five financial institutions from the United States, Germany, China, and Japan, including ▲Bank of America (BOA) ▲Deutsche Bank ▲Bank of China ▲Industrial & Commercial Bank of China ▲MUFG Bank.

At this meeting, Governor Kim emphasized the need to eliminate political uncertainty amid the impeachment crisis and the necessity of expanded fiscal policy.

Governor Kim stated, "The first thing we need to do now is to remove political uncertainty as quickly as possible. We need to resolve conflict structures and political polarization. To do this, the impeachment decision must come quickly, and a new government must be established through an early presidential election, resulting in a regime change." He added, "Second, the lives of the people are very difficult right now. Growth rates, inflation rates, exports, and livelihoods reflected in macro indicators are all very challenging. At this stage, it is important to expand the government's fiscal role. I have advocated for expanded fiscal policy, and Gyeonggi Province has continuously requested supplementary budgets. Through fiscal roles, investment and support for future growth industries are necessary."

He continued, "Third, how we responsibly respond to changes in international political economy and the second term of Trump is probably the most important issue now. Once the new government is established, it is crucial to prepare for the vision of where the Republic of Korea will head."

Kim Dong-yeon, Governor of Gyeonggi Province (third from the left), met with representatives of foreign banks including global investment banks (IB) at the NH Financial Tower conference room in Yeongdeungpo-gu, Seoul, on the 11th. The attendees are shouting "Fighting." Provided by Gyeonggi Province

After exchanging opinions with attendees on financial market volatility and future measures in economic and diplomatic fields, Governor Kim requested, "I would appreciate your support in helping the Korean economy take off again."

Following the emergency letter sent to over 2,500 world political leaders and major foreign investors after the December 3 emergency martial law incident, Governor Kim met with Philip Goldberg, U.S. Ambassador to Korea; James Kim, Chairman of the American Chamber of Commerce in Korea (AMCHAM); Philip van Hoof, Chairman of the European Chamber of Commerce in Korea (ECCK); and Philip Bertoux, French Ambassador to Korea, emphasizing trust in Korea.

In January, he was the only Korean politician to participate in the Davos Forum, known as the World Economic Olympics, where he met with global economic leaders, corporate representatives, and media to explain Korea’s situation and highlight the potential and resilience of the Korean economy.

Additionally, on the 10th, he held an ‘Investment Attraction Roundtable’ at the Gyeonggi Provincial Government Office, encouraging major foreign investment company representatives to expand their investments, continuing his global economic activities.