The Ministry of Trade, Industry and Energy (MOTIE) recently held an investment promotion roadshow in Germany to promote the investment of foreign parts and materials companies. At the event, it introduced the domestic investment environment of Korea, which has grown as a hub of Northeast Asia through the Korea-EU and Korea-U.S. free trade agreements, and the major Korean industries included in the new government’s creative economy policy.

German participants showed great interest in the successful investment cases of BOSCH and Deutsche Bank, saying that they will find new growth opportunities through investing in Korea. German automotive bearing manufacturer Schaeffler, in particular, reported it is interested in investing USD 34 million.

MOTIE has expanded its network with chambers of commerce and industry and representative firms in Germany through this roadshow. It also plans to conduct various activities to promote the investments of German companies.

Source: Newsis (Mar. 28, 2013)

** This article was translated from the Korean.