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Trade Minister Vows to Minimize N. Korea-Related Concerns Over Investment

Written: 2016-02-18 10:13:56Updated: 2016-02-18 11:24:55

Trade Minister Vows to Minimize N. Korea-Related Concerns Over Investment

Seoul's trade minister says he will do his best to provide swift and accurate information so that North Korea-related risks do not become a stumbling block for foreign investors.
 
Minister of Trade, Industry and Energy Joo Hyung-hwan said at a meeting with officials from foreign corporations in Seoul Thursday that the top goal of the government's foreign investment policy is to resolve difficulties that block investment.
 
Joo said South Korea remains an attractive investment destination despite recent difficulties, referring to the nation's free trade agreement network which encompasses three-fourths of the global market.
 
Attendees at the meeting asked the government to exert its efforts to improve the business environment and ease difficulties related to customs clearance and certification.

Foreign direct investment in South Korea posted a record high of 20-point-nine billion dollars last year, up ten percent from the previous year.

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