Policymakers still busy reassuring foreign business communities

Nationwide Meeting Speaker Woo Gained-shik, second from left, speaks throughout a gathering with representatives of the American Chamber of Commerce in Korea on the Nationwide Meeting in Seoul, Friday. Yonhap

The federal government, lawmakers and municipalities have continued reaching out to overseas businesspeople in Korea to reassure them of the resilience of the Korean financial system after political chaos intensified following President Yoon Suk Yeol’s botched martial regulation on Dec. 3.

Though authorities officers had commonly met with overseas enterprise communities right here even earlier than the martial regulation fiasco, it’s uncommon for high policymakers to carry a sequence of conferences in such a brief time period.

On Friday, Nationwide Meeting Speaker Woo Gained-shik and Rep. Kwon Seong-dong, ground chief of the ruling Folks Energy Celebration, had respective conferences with the chairman and members of the American Chamber of Commerce in Korea (AMCHAM), which has repeatedly emphasised its belief within the long-term stability and power of the Korean financial system.

„The folks of Korea, the Nationwide Meeting, and the enterprise neighborhood are all united of their efforts to beat the present challenges,“ Woo stated. „I might significantly admire AMCHAM’s assist in sharing this willpower with america and the worldwide neighborhood.“

The principle opposition Democratic Celebration of Korea, which hosted AMCHAM’s meeting on Dec. 16 with the party’s leader, Rep. Lee Jae-myung, will set up one other assembly on Jan. 13 between Rep. Park Chan-dae, the celebration’s ground chief, and the most important overseas chamber of commerce in Korea.

Performing President Choi Sang-mok held luncheons with the Chinese language Chamber of Commerce in Korea on Wednesday and with the chambers of commerce from main European nations on Thursday.

„For overseas firms‘ investments in Korea and their financial actions to stay secure in any circumstances, the federal government will proceed systematic coverage responses as standard,“ he stated.

Performing President Choi Sang-mok shakes arms with one of many representatives of overseas chambers of commerce from main European nations at Authorities Complicated Seoul, Thursday. Yonhap

Earlier than Choi began assuming the function as an performing president late final 12 months, he had a roundtable assembly with representatives of overseas chambers of commerce in Korea within the capability of the finance minister on Dec. 6, together with Trade Minister Ahn Duk-geun, who had one other assembly with overseas businesspeople on Dec. 19.

Prime Minister Han Duck-soo met with the Seoul Japan Membership on Dec. 24 and AMCHAM on Dec. 26 in his capability as performing president, though his suspension from duties on Dec. 27 interrupted his plans to proceed conferences with different overseas chambers of commerce.

Within the capability of a chief minister, Han additionally attended an end-of-year event co-hosted by the Korean-German Chamber of Commerce and Trade and the French Korean Chamber of Commerce and Trade on Dec. 11, three days earlier than the Nationwide Meeting’s passage of a movement to question Yoon.

Labor Minister Kim Moon-soo had a breakfast assembly with the European Chamber of Commerce in Korea (ECCK) that day.

Commerce Minister Cheong In-kyo, who met with AMCHAM the identical day, participated within the New Yr’s kick-off reception hosted by the Korea Overseas Firm Affiliation on Wednesday and requested for expanded investments in Korea.

American Chamber of Commerce in Korea (AMCHAM) Chairman James Kim, fourth from left, and Gyeonggi Province Gov. Kim Dong-yeon, fourth from proper, pose with contributors in a roundtable assembly on the chamber’s headquarters in Seoul, Wednesday. Courtesy of AMCHAM

Among the many heads of municipalities, Seoul Mayor Oh Se-hoon invited AMCHAM to an emergency financial system assembly on Dec. 10 and hosted one other assembly on Dec. 13 with overseas chambers and funding banks.

Gyeonggi Province Gov. Kim Dong-yeon paid visits to the headquarters of AMCHAM and ECCK on Wednesday.

He additionally visited ON Semiconductor’s plant in Bucheon the next day to encourage the U.S. semiconductor provider to extend its investments in Korea, in order to show perception within the nation’s resilience.