Arab Today, arab today south koreas trade minister pledges full support for foreign investors
Last Updated : GMT 07:53:53
Arab Today, arab today
Arab Today, arab today

South Korea's trade minister pledges full support for foreign investors

Arab Today, arab today

Arab Today, arab today South Korea's trade minister pledges full support for foreign investors

South Korea's trade minister Yoon Sang-Jick
Seoul - QNA

South Korea's trade minister vowed full support Monday for foreign investors that will include efforts to remove unnecessary regulations.
In a Seoul meeting with top officials from some 20 foreign firms here, Yoon Sang-jick said the government will push for law revisions aimed at providing additional incentives to foreign investors who meet certain conditions, such as hiring a set number of local workers, according to the Ministry of Trade, Industry and Energy.
Foreign direct investment (FDI) freshly pledged to South Korea surged 30.6 percent on-year to US$19 billion last year, and the government hopes to boost the amount to a record high of $20 billion this year, according to South Korea's (Yonhap) News Agency.
To achieve the goal, the government will eliminate difficulties facing foreign investors and firms, such as limiting the number of foreign workers to 20 percent of the workforce for a foreign company, the minister said.
Yoon emphasized that South Korea will become more attractive to foreign investors as it is set to sign a bilateral free trade agreement (FTA) with China.
"With the Korea-China FTA, South Korea will have a differentiated attractiveness as foreign investors will be able to work out of the country to tackle the global market, including China," the minister said at the meeting, according to the ministry.
South Korea and China concluded FTA negotiations late last year and are expected to initial the bilateral trade pact soon.
Once the Korea-China FTA is implemented, South Korea's trade territory, represented by the combined gross domestic product (GDP) of countries with which the country has a free trade pact, will reach 73 percent of global GDP.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south koreas trade minister pledges full support for foreign investors Arab Today, arab today south koreas trade minister pledges full support for foreign investors

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south koreas trade minister pledges full support for foreign investors Arab Today, arab today south koreas trade minister pledges full support for foreign investors

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday