South Korea is putting on a special series of events to entice foreign businesses to invest in the country, the government said Wednesday.
According to Yonhap News:
The three-day event, scheduled to run through Thursday, aims to show the attractiveness of Asia’s fourth largest economy for investment, as the country pushes to ratify the free trade agreement (FTA) with China, the Ministry of Trade, Industry and Energy said.
The FTA with the world’s No. 2 economy will allow the country to become a Northeast Asian business hub, it said.
“Foreign investors can use the country’s numerous free economic zones as a forward base to expand into other markets,” the ministry said.
The government has been aggressively pushing to improve South Korea’s investment environment, offering more incentives and getting rid of more red tape to attract foreign investment into the country.
The two-day fair, which kicks off on Thursday at the Convention and Exhibition Center in southern Seoul, is expected to attract some 16,000 job seekers. It said some 100 foreign-invested companies, such as Siemens, General Electric and Bosch plan to set up booths at the fair to hire new workers.