"Korea Economic Briefing Investment Summit" Held
Korean Government Presents Economic Policies and Expresses Commitment to Revitalizing Capital Markets
On September 25 (local time), President Lee Jaemyung will conclude his visit to the United States by hosting the "Korea Economic Briefing Investment Summit" at the New York Stock Exchange (NYSE), bringing together major Wall Street investors. President Lee is personally holding this investor relations (IR) event to usher in the "KOSPI 5000 era," a goal he has frequently mentioned whenever possible.
According to the Presidential Office, after participating in the NYSE opening bell ceremony, President Lee plans to introduce the government's core economic policies to the CEOs of leading global investment firms and convey his commitment to revitalizing the capital market. He is also expected to request that these major Wall Street investors expand their investments in the Korean market.
Wi Sungrak, Director of the National Security Office, stated during a briefing on President Lee's U.S. visit, "By actively promoting the Korea Premium, rather than merely addressing the Korea Discount, we expect to see even more creative effects in the Korean stock market, which is already hitting annual record highs."
Approximately 20 prominent Wall Street financiers are attending the event. From the Korean government, Deputy Prime Minister and Minister of Economy and Finance Koo Yooncheol, Financial Services Commission Chairman Lee Eogwon, Financial Supervisory Service Governor Lee Chanjin, and Korea Exchange Chairman Jung Eunbo will be present. CEOs from major Korean financial institutions, including Jin Okdong of Shinhan Financial Group, Ham Youngjoo of Hana Financial Group, and Kim Namgoo of Korea Investment Holdings, will also participate.
Earlier, on the first day of his trip, September 22, President Lee met with Larry Fink, Chairman of the World Economic Forum and Chairman of BlackRock, the world's largest asset management firm with assets under management (AUM) of 12.5 trillion dollars (approximately 17,000 trillion Korean won), to request active investment. The meeting was also attended by Adebayo Ogunlesi, Chairman of Global Infrastructure Partners (GIP), a BlackRock affiliate, and former World Bank President Kim Yong.
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