Trade, Industry and Energy Minister Paik Ungyu (second from left) spoke at the Ministerial Roundtable for Investors in a hotel in downtown Seoul on September 26.
The Ministerial Roundtable for Investors was organized by the Ministry of Trade, Industry and Energy to inform foreign investors the directions of the new government’s economic policies and stable policies on foreign investment. The roundtable was also designed to resolve foreign investors’ concerns stemming from external and internal uncertainties.
In his opening remarks, Minister Paik expressed gratitude for foreign investors’ contribution to the development of the Korean economy and requested investments into renewable energy areas and industries closely linked to the Fourth Industrial Revolution. His speech underscored that the fundamentals of the Korean economy remain strong.
Minister Paik also discussed the new government’s economic policies and policy directions for foreign investment. With the participating foreign business leaders, he exchanged views on difficulties facing foreign investors in Korea.
The meeting was attended by around 20 representatives from foreign chambers of commerce and international firms in Korea. Foreign chambers of commerce representatives include James Kim, Chairman and CEO of the American Chamber of Commerce in Korea; Christoph Heider, President of the European Chamber of Commerce in Korea; and Yu Haiyan, Chief Representative for Korea of the China Council for the Promotion of International Trade.