CEOs of some of Korea’s most successful foreign companies are promoting Korea’s investment environment to US investors, this week.
The heads of the local branches of Macquarie, Standard Chartered Bank, GE Capital and AIG participated in a Korea investment promotion event held in Los Angeles, California last Friday and are gearing up for another gathering this week.
A total of 50 finance-related U.S. companies attended the event in L.A. A similar number is expected to participate in the New York event as well, Kotra officials said.
At Friday’s event, which aimed to promote the merits of investing in Korea, foreign CEOs outlined numerous opportunities for international companies and investors and talked about their experiences.
Participants from Korea included John Walker, chairman of Macquarie Group of Companies Korea, Richard Hill, SC First Bank CEO; Bernard van Bunnik, GE Capital’s top executive in Korea; and William Freeman, president of AIG Global Real Estate in Korea.
See the post ‘Investment Insight: Walking the talk – Macquarie Group Korea‘ for a presentation Macquarie Group CEO John Walker gave to a similar event held in Sydney in December last year.
“Having executives of foreign companies in Korea present their success stories is very effective in persuading potential investors,” said Chung Dong-soo, a senior executive of Kotra who is leading the Korean delegation for the events.
Along with Korea’s investment environment, the Head of Invest KOREA, Chung Tong-Soo, is also giving a presentation on Korea’s M&A market and changing private equity regulations, which was prepared by the Investment Partnership Support Team.
(Source: JoongAng Daily)
Global foreign direct investment fell significantly across the globe in 2009 due to the worldwide financial crisis. But thanks in part to the substantial depreciation of the local currency against dollar, such investments in Korea did not fell as sharply as in other countries.
According to Ministry of Knowledge Economy data released last month, Korea’s foreign direct investment in 2009 dipped 1.9 percent from a year earlier to $11.48 billion.
That compares with an average 41 percent drop suffered in the first nine months of last year by the members of the Organization for Economic Cooperation and Development, the ministry said.
(Source: JoongAng Daily)
