The Finance Ministry will facilitate foreign exchange transactions for overseas investors, a move in line with the government’s latest initiative to lure foreign investors and resolve the so-called “Korea Discount."
Korea will lift regulations for overseas financial firms and implement foreign investor-friendly measures to match global standards, the financial regulator’s chief said Wednesday.
Foreign direct investment (FDI) pledges to Korea rose 54.2 percent on year to $17.09 billion in the first half of this year, hitting an all-time high for any first half, government data showed Tuesday.
Foreign investors will be allowed to buy Korean stocks and bonds without prior registration starting in December, the state financial regulator said Monday.
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.
Invest Seoul, the capital city’s foreign investment promotion agency, is hoping for a new, post-pandemic wave of investment, promising global financial institutions and businesses one-stop support.
Korea JoongAng Daily Sitemap