First elected as Vice President of the World Association of Investment Promotion Agencies (WAIPA) consists of 140 countries
Expected to play a leading role in future industry cooperation, having been selected as the top investment promotion agency and AI Trailblazer
The Korea Trade-Investment Promotion Agency (KOTRA) and Invest KOREA have been elected as the Vice President of the World Association of Investment Promotion Agencies (WAIPA). The election of Invest KOREA as Vice President was confirmed during the 29th WAIPA General Assembly held at the Sharjah Convention Center in the United Arab Emirates on October 21.
Earlier, on October 17, Invest KOREA was also selected as the "Best Investment Promotion Agency 2025" by the global investment magazine FDI Insider in the UK. Following its election as WAIPA Vice President, Invest KOREA was further honored with the "Investment Excellence Award - AI Trailblazer" on October 22 by WAIPA, recognizing its outstanding investment promotion efforts.
WAIPA, established in 1995 by the United Nations Conference on Trade and Development (UNCTAD), is an alliance of national investment promotion agencies (IPAs) aimed at networking and sharing best practices for investment promotion. Currently, 140 investment promotion agencies from around the world are members, with active participation from both developed and Global South countries, facilitating global investment cooperation.
The WAIPA Board of Directors, consisting of the Chair, Vice Chair, and 11 regional directors, is the core body that implements the decisions made by the General Assembly. The newly elected board members will serve for a two-year term starting in 2025. The election of Invest KOREA as Vice Chair is expected to mark a turning point in expanding Korea's role in the global investment network as a leader in investment promotion.
At the WAIPA General Assembly on October 21, Commissioner Kim Tae-hyung of Invest KOREA , expressed his commitment to fostering a pro-investment environment within WAIPA, sharing Korea’s experience in investment promotion, and ensuring that member countries receive reliable investment information. The election of Invest KOREA as Vice Chair is anticipated to further strengthen Korea’s leadership in global investment cooperation and expand partnerships with more countries.
Source : Invest KOREA (2025.10.23.)