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Park Seeks to Sell Korea as Most Promising Investment Destination

According to Yonhap News,

(SEOUL = Yonhap News) President Park Geun-hye sought to sell South Korea as a promising destination for investment, telling foreign business leaders Thursday they can take advantage of competitive local partners, excellent human resources and other favorable business conditions in the country.

"At a time when the world economy stands at an inflection point toward getting out of crisis, where to invest will determine the achievements of a company for decades to come," Park said during a lunch meeting with leaders of foreign businesses operating in Korea.

"I confidently recommend South Korea as the most promising investment destination," she said.

South Korea is home to many global leading companies in the high-value-added manufacturing sectors, such as information technology (IT), automotive and offshore plants, and these firms can become great local partners for foreign investors, Park said.

The parts industries in South Korea are also strong, and the country is full of excellent talent, she said. Asia's fourth-largest economy is also closely linked to other big markets, such as the United States, the European Union, Southeast Asia and others through a web of free trade deals, she said.

Park remarked that her administration is also friendly toward foreign investment, stressing that she has worked hard over the past year to make South Korea a better place to make investments and that such efforts will continue in the future.

Participants of the luncheon included Amy Jackson, president of the American Chamber of Commerce in Korea; Thilo Halter, president of the European Chamber of Commerce in Korea; Toro Nakajima, chairman of the Seoul-Japan Club; GM Korea CEO Sergio Rocha; and Shirley Yu-Tsui, CEO of IBM Korea.

Copyrights Yonhap News. All Rights Reserved.

Source Text

Source: Yonhap News (Jan. 9, 2014)

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