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The Korean government will take its annual roadshows to Hong Kong, Singapore, and Shanghai along with its traditional destinations of New York and London to appeal to Asian investors.
According to its 2018 economic policy outline, the Ministry of Strategy and Finance said authorities will make additional stops in Asian financial hubs of Hong Kong, Singapore, and Shanghai from next year to strengthen communications with broad investors and institutions.
In the outline, the government forecast the economy to grow by more than 3.0 percent at annualized rate in 2018 for the second straight year after this year. It expects private consumption will recover on top of robust external demand.
It however warned off downside risks from tightening by major economies.
By Cho Si-young and Cho Jeehyun
Copyrights Pulse by Maeil Business News Korea. All Rights Reserved.
Source: Pulse by Maeil Business News Korea (Dec. 27, 2017)