A goods port in Gimpo, the RoK The Republic of Korea (RoK) targets to attract more than 20 billion USD in foreign direct investment (FDI) this year.
This will be the fourth year in a row the FDI attraction is at a high level, the Government said on March 11.
According to the Ministry of Trade, Industry and Energy, if the goal is reached, some 10,000 high-quality jobs will be created.
The target was set at the foreign investment committee’s meeting held late last month, during which policymakers approved a plan to stimulate FDI for this year.
The ministry emphasized that the RoK Government wants to maintain last year’s momentum of FDI, which made a record high of 22.94 billion USD.
In addition to getting more foreigners to invest in the country, it also wants to attract value-added, new technology businesses./.