SEOUL, Feb 23 – South Korea’s trade minister said Thursday the government will provide more incentives to overseas businesses investing in high-end industries playing key roles in the supply chain, as the country aims to attract more investment amid economic uncertainties.
Trade Minister Ahn Duk-geun made the remark in a statement released ahead of his planned meeting with foreign business organisations later in the day, where the country plans to share its vision to become a “global hub of innovation”, Yonhap news agency reported.
“We plan to support business activities of foreign businesses, who have made investments here by trusting South Korea,” Ahn said.
“South Korea will also make proactive efforts to revamp supportive measures and improve the investment environment to further prop up foreign investment that contributes to the country’s economic growth,” he said.
The trade ministry said South Korea will continue to make the market more accessible for overseas investors by providing more legal information in English, as well as expanding communication with foreign companies.
