President Yoon Suk Yeol on Wednesday expressed his intention to ease regulations and extend more incentives to further foster an investor-friendly environment. The government will "offer policies and regulatory environments favoring (foreign-invested enterprises) to the extent of the global standard, or even more favorable than the global standard," Yoon told participants comprising foreign-invested company.
Korea would be more attractive for global renewable energy and health care companies if they were given higher financial incentives and eased regulations, chiefs of foreign business lobby groups said Wednesday. The Korea Chamber of Commerce and Industry held the 2024 Foreign Chamber Day with representatives of foreign business networking organizations to share opinions on difficulties faced by global firms operating .
Korean and Japanese businessmen have established a study group to find new areas of economic cooperation in areas including energy, batteries and semiconductors, according to the Korea Chamber of Commerce and Industry (KCCI), Thursday.