SEOUL, Nov. 24 (Korea Bizwire) — Finance Minister Choo Kyung-ho has vowed to continue efforts to boost foreign investors’ access to the South Korean market and create favorable conditions for corporate investment, his office said Friday. Choo made the remarks during a market opening ceremony at the London Stock Exchange on Thursday (local time), as [...]
SEOUL, May 9 (Korea Bizwire) — Foreign investors bought a net 5.96 trillion won (US$4.5 billion) worth of South Korean stocks and bonds in April, logging the biggest monthly purchase in 16 months, the country’s financial regulator said Tuesday. Foreigners bought a net 1.27 trillion won worth of listed stocks, turning to net buyers from [...]
SEOUL, Dec. 8 (Korea Bizwire) — South Korea will ease regulations on imports of electric vehicles, chemical substances and other items in an effort to attract more foreign investment to the country, the industry ministry said Thursday. They are part of 40 major measures that the government came up with to revamp imports and investment [...]
SEOUL, Nov. 28 (Korea Bizwire) — South Korea will push to change regulations in a way that would allow investors to know how much they would receive in dividends before buying stocks in a bid to attract more foreign investment in the local equity market, a senior official of the country’s top financial regulator said [...]
SANTIAGO, Chile, Jan. 20 (Korea Bizwire) — InvestChile, the public agency that promotes foreign investment in the country, wrapped up 2021 with a record US $28 billion in its project portfolio. This is the highest figure to date since the agency was founded five years ago, and represents a 25.1% increase over 2020. The projects [...]
SEOUL, Nov. 19 (Korea Bizwire) — Foreign investment companies registered in South Korea feel most uncomfortable about the government’s introduction of the new workplace disaster law and raising the minimum wage, a survey showed Thursday. The Korea Enterprises Federation, a major business lobby group, conducted a survey of 220 foreign investment companies with more than [...]
SEOUL, Nov. 2 (Korea Bizwire) — Foreign direct investment (FDI) pledged to the country has surged more than 5,000 times in 60 years, which helped play a key pillar of now Asia’s fourth-largest economy, the industry ministry said Tuesday. In 1962, a local carmaker reported receiving US$3 million in foreign investment, the first of its [...]
SEOUL, Nov. 28 (Korea Bizwire) — New foreign direct investment (FDI) pledged to South Korea has surpassed the previous record high, led by rising interest in the nation’s high-tech industries and startups in emerging sectors, government data showed Wednesday. South Korea received US$23.04 billion worth of FDI commitments as of Tuesday, already breaking last year’s [...]
CHUNCHEON, March 14 (Korea Bizwire) – Gangwon Province is prolonging the effective period of the Real Estate Investment Immigration Act at the Alpensia resort in Pyeongchang. The Real Estate Investment Immigration Act was part of a strategy to attract foreign capital investment and successfully host the 2018 Winter Olympic Games. In 2011, Alpensia was designated as one [...]
JEJU, Dec.10 (Korea Bizwire) – Accommodation facilities owned by foreigners are increasing on Jeju Island, where more than 10 million tourists from Korea and abroad visit every year. According to the local government, 20 properties with a total of 1,976 rooms were owned by foreigners as of September. Among Jeju’s total of 321 properties and [...]