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Appeal of Investing in Korea Draws Major Foreign Investors
Investors visiting FIW this year expressed great interest in a variety of business opportunities and in an investment environment rooted in Korea’s strong industrial base and expansive FTA network.
Despite global economic uncertainties, FIW drew 309 companies from 24 countries, which is an increase of 12.1 percent from last year. Foreign investors numbered 398, and global companies long targeted by KOTRA’s 42 overseas offices - including GE Healthcare, BASF, Intel Capital, Curtiss-Wright, Mapletree and SUTL - participated to search for growth opportunities in the business hub that is Korea.
Also invited to FIW were members of the media from all over the world, the aim being to promote Korea’s economy, industry and investment environment globally. Journalists from 17 countries and 23 media outlets, including “The Times,” “Le Figaro” and “Asahi Shimbun,” participated.
“Korea has emerged as a global investment hub by expanding its economic territory through FTAs and reinforcing national industrial competitiveness,” said Kiwon Han, the Commissioner of Invest Korea. “Korea is drawing the attention of foreign investors. We will do our best to actively promote the investment environment of Korea and contribute not simply by attracting foreign capital, but by making it a new economic growth engine of Korea.”
FIW participants gained information on Korea’s investment environment and industrial trends through forums on the high-tech industry, logistics & distribution, regional development, leisure & tourism, value chain industry, private equity & venture capital and K-Startup Pioneer (global start-up assistance).
Investors from the manufacturing sector, including company W from Italy and company M from the United States, showed great interest in establishing their main production base in Korea, drawn to Korea’s strong business environment, intellectual property laws, Korea-oriented value chain, FTAs and distribution hub.
During FIW, company A from Spain notified a USD 100 million investment in a promotion project involving bio-ethanol as a renewable energy for food waste. Company K from Japan notified a USD 30 million investment in a regional development project.
About 200 consultations between foreign investors and domestic companies/local governments were held during FIW, and these are expected to lay a foundation for long-term business success.
“For our constant economic growth, attracting foreign investment is as important as trade. To solve the problem of youth unemployment through job creation, the substantial expansion of foreign investment attraction is needed. So we will do our best to actively attract foreign investment,” said Yoon Sang-jick, Minister of Trade, Industry & Energy.
Source : KOTRA Invest KOREA (2013.10.30)
Date
2013.11.08
Foreign Investment Week 2013, Korea’s largest foreign investment attraction event, was held at Lotte Hotel World on October 30. Hosted by The Ministry of Trade, Industry & Energy and organized by KOTRA, the 9th annual event included a grand opening, industrial forum and welcome reception on October 30 and investment consulting and site tours to Ulsan and Saemangeum on October 31.
Investors visiting FIW this year expressed great interest in a variety of business opportunities and in an investment environment rooted in Korea’s strong industrial base and expansive FTA network.
Despite global economic uncertainties, FIW drew 309 companies from 24 countries, which is an increase of 12.1 percent from last year. Foreign investors numbered 398, and global companies long targeted by KOTRA’s 42 overseas offices - including GE Healthcare, BASF, Intel Capital, Curtiss-Wright, Mapletree and SUTL - participated to search for growth opportunities in the business hub that is Korea.
Also invited to FIW were members of the media from all over the world, the aim being to promote Korea’s economy, industry and investment environment globally. Journalists from 17 countries and 23 media outlets, including “The Times,” “Le Figaro” and “Asahi Shimbun,” participated.
“Korea has emerged as a global investment hub by expanding its economic territory through FTAs and reinforcing national industrial competitiveness,” said Kiwon Han, the Commissioner of Invest Korea. “Korea is drawing the attention of foreign investors. We will do our best to actively promote the investment environment of Korea and contribute not simply by attracting foreign capital, but by making it a new economic growth engine of Korea.”
FIW participants gained information on Korea’s investment environment and industrial trends through forums on the high-tech industry, logistics & distribution, regional development, leisure & tourism, value chain industry, private equity & venture capital and K-Startup Pioneer (global start-up assistance).
Investors from the manufacturing sector, including company W from Italy and company M from the United States, showed great interest in establishing their main production base in Korea, drawn to Korea’s strong business environment, intellectual property laws, Korea-oriented value chain, FTAs and distribution hub.
During FIW, company A from Spain notified a USD 100 million investment in a promotion project involving bio-ethanol as a renewable energy for food waste. Company K from Japan notified a USD 30 million investment in a regional development project.
About 200 consultations between foreign investors and domestic companies/local governments were held during FIW, and these are expected to lay a foundation for long-term business success.
“For our constant economic growth, attracting foreign investment is as important as trade. To solve the problem of youth unemployment through job creation, the substantial expansion of foreign investment attraction is needed. So we will do our best to actively attract foreign investment,” said Yoon Sang-jick, Minister of Trade, Industry & Energy.
Source : KOTRA Invest KOREA (2013.10.30)