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At IKW, 475 Foreign Companies Seek Investment Opportunities and New Talent in Korea

Event held by MOTIE, KOTRA, attended by 2,500 company representatives and job seekers
Diverse lineup features presentations on the Industry 4.0 investment environment, a job fair for foreign companies, events for foreign journalists

The Ministry of Trade, Industry and Energy (MOTIE) and Korea Trade-Investment Promotion Agency (KOTRA) announced that Invest Korea Week (IKW) 2017 has kicked off on November 7 for a three-day run at the Grand InterContinental Seoul Parnas in Samseong-dong, Gangnam-gu. Now in its 13th year, IKW is a national IR (investor relations) event designed to promote Korea’s merits as an investment destination, and introduce potential foreign investors to success strategies and promising investment opportunities in Korea.

Held under the theme “FDI’s Impact on Job Creation and the Growth of Industry 4.0,” this year’s IKW features a job fair for foreign-invested companies and a separate career day event for Bluebell Korea, demonstrating how foreign investment is a driving force of the Korean economy in its ability to create jobs, in addition to the Global Investment Forum and other Industry 4.0-related programs, including startup pitch sessions, one-on-one business partnering opportunities, and roundtable discussions for major investors. Some 2,500 participants are attending the ongoing event, including 233 foreign investors from 203 companies, 165 representatives of 134 foreign-invested companies in Korea, 22 foreign media outlets, 329 representatives of Korean companies, 138 foreign and foreign-invested companies looking for employees, and some 1,500 job seekers.

Through KFEZ Night, site visits, and promotion halls, the event is also promoting foreign investment in Free Economic Zones and in regions outside the greater Seoul area.

KOTRA’s Vice President Lee Taisik noted, “With Korea’s economic growth hitting a 7-year high in the third quarter of this year, the KOSPI index breaking above the 2,500 level, and a global recognition of the sound economic environment for doing business in Korea, foreign investment is returning to positive growth,”adding, “This year’s event is full of practical programs that connect foreign companies with job seekers, and foreign investors with startups and SMEs. KOTRA will continue to work with government agencies and related organizations to help foreign companies enter the Korean market in all stages of the process, from investment planning to follow-up management.

Source: Invest Korea (Nov. 9, 2017)

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