Held a "Foreign Investment Attraction Workshop for Local Governments and Related Agencies" on April 4
KOTRA enhanced communication channels with local governments and corporations by operating a export and investment emergency TF and on-site support team

On April 4, the Ministry of Trade, Industry and Energy (Minister Ahn Duk-geun) and KOTRA (President Kang Kyung-sung) held a "Foreign Investment Attraction Workshop for Local Governments and Related Agencies" at Glad Yeouido, Yeongdeungpo-gu, Seoul. This workshop was organized to strengthen collaboration among the government, Invest KOREA, and local governments in response to changes in the global economic landscape.

The government has been enhancing foreign investment incentives to promote foreign direct investment (FDI). A recent legal amendment earlier this year increased cash incentive support limits and the government’s share of funding, reducing the investment burden on foreign companies.

Additionally, they're making efforts, with on-site inspections and others, to improve overall investment conditions including residential conditions.

The workshop focused on sharing government policies and local government collaboration requests, including: Expansion of cash incentives and amendments to related foreign investment laws; Collaboration measures between the government, Invest KOREA, and local governments through the operation of a Support Team for Foreign-invested Companies; Strategies for attracting high-tech industries, such as semiconductors, AI, and quantum technologies, by local governments.

Yoo Beop-min, Director of investment policy at the MOTIE, stated, "In the face of ongoing changes in the global trade environment, the government will actively promote the inflow of foreign capital and technology through expanded foreign investment incentives and improved investment conditions."

Meanwhile, KOTRA has been running the "Export and Investment Emergency Response Task Force" since January to resolve issues faced by export and foreign-invested companies. Additionally, the "Foreign-invested Companies Support Team" visits company sites to listen to challenges and collaborates with government agencies and related organizations for regulatory improvements.

Furthermore, KOTRA plans to increase the number of investment promotion delegations of its overseas trade offices from 31 to 42 and jointly promote economic free zones globally to help local governments attract foreign investments.

Commissioner Kim Tae-hyung of Invest KOREA commented, "We will continue to collaborate with the government and local governments as one team to provide necessary support and expand joint promotion activities tailored to local characteristics."



Source : Invest KOREA (2025.04.08.)