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According to Yonhap News,
(SEOUL = Yonhap News) The Ministry of Trade, Industry & Energy (MOTIE) held “The CEO Forum for Foreign-Invested Companies 2013” on November 28 in Seoul.
Organized by the Korea Trade-Investment Promotion Agency, the forum served as an opportunity to review foreign investment in Korea in 2013 and discuss relevant policies.
About 200 people attended, including Kim Jae-hong, Vice Minister of MOTIE, Pat Gaines, Chairman of the American Chamber of Commerce in Korea, other chairmen of foreign chambers of commerce in Korea and diplomatic delegations.
Government officials briefed guests on the country’s foreign investment policies and asked for additional investment.
Reinvestment by foreign companies in Korea has continued to increase, recording USD 6.77 billion in 2010, USD 6.94 billion in 2011 and USD 7.48 billion last year. In 2012, reinvestment accounted for nearly half of the entire foreign direct investment (FDI) in Korea.
“The Ministry will work hard to arrange more opportunities to communicate with foreign companies to resolve problems and create an attractive investment environment,” said Kim.
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Source: Yonhap News (Nov. 28, 2013)
** This article was translated from the Korean.