MOTIR, KOTRA, local governments, and related agencies strengthen collaboration in foreign investment attraction
Shared strategies for attracting foreign investment focused on advanced and regional sectors, investment attraction policies and case studies

The public and private sectors will join forces to expand the achievements in attracting foreign investment during the APEC summit and contribute to the growth of the innovative economy.

The Ministry of Trade, Industry and Resources (MOTIR) and the Korea Trade-Investment Promotion Agency (KOTRA) announced that they held a 'Foreign Investment Attraction Workshop for Local Governments and Related Agencies' at the Glad Yeouido Hotel on November 21.

The event, led by Invest KOREA, the national foreign investment promotion agency, brought together investment-related officials from local governments and relevant organizations to share investment policies, successes, and cases, as well as to enhance collaboration frameworks.

Previously, MOTIR and KOTRA held large-scale events during the APEC Leaders' Summit from October 31 to November 1, such as the 'Global Investment Partnership' in Gyeongju and the 'Invest KOREA Summit' in Seoul. These events yielded a record-breaking foreign investment achievement of 14 cases and USD 1.21 billion.

The workshop consisted of presentations on the new government's foreign investment policies, local government foreign investment success stories, and trends in investment by major industries. Participants agreed to collaborate on spreading the outcomes of foreign investment attraction during APEC, securing advanced technologies, enhancing supply chain independence, and contributing to the revitalization of regional economies, focusing on the "5 axes, 3 specializations" strategy.

Yoo Beom-min, Director-General for Investment Policy at MOTIR, stated, "As the importance of foreign investment grows in the global trade order, attracting foreign investment is critical for advancing into the ranks of leading countries in advanced industries and one of top 4 manufacturing countries." He added, "The government and local governments will work together to offer tailored incentives for key projects and strive to make Korea a global investment hub."

Kim Tae-hyung, Commissioner of Invest KOREA, commented, "This workshop will serve as an opportunity for the government, local governments, Invest KOREA, and the private sector to share foreign investment strategies and cases and strengthen cooperation." He added, "We will make every effort to improve the contribution of foreign investment to the innovative economy and achieve our goals by the end of the year, using the positive investment atmosphere created by the Gyeongju APEC."



Source: Invest KOREA (2025.11.24.)