The Korea Times close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Business
  • Tech
  • Bio
  • Companies
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
Entertainment
& Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
Sports
World
  • SCMP
  • Asia
Video
  • Culture
  • People
  • News
Photos
  • Photo News
  • Darkroom
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
Wed, August 17, 2022 | 13:10
Policies
Impeachment won't affect foreign investment
Posted : 2017-03-15 20:52
Updated : 2017-03-15 20:52
Print Preview
Font Size Up
Font Size Down
By Kim Jae-kyoung

SINGAPORE ― A series of unfortunate developments in Korea are unlikely to have a major impact on foreign investment in the country, according to global investors, Wednesday.

They indicated that North Korea's military provocations and the impeachment of President Park Geun-hye are not big barriers to their investments in Korea.

"Since North Korea is a known factor and is not new, it does not affect our view of Korea and our investment decision," said a Singapore-based venture capitalist told The Korea Times, asking not to be named.

"Regarding the impeachment, I think that it is not an issue anymore because the court's decision has removed uncertainty," he added.

Another private equity investor echoed the view, saying, "Despite some noise following the judgment, we expect that the situation will calm down in the near future."

"Political scandals are everywhere. We see similar things in many countries, including Singapore," he added. "It is just a matter of degree."

These views came at the 2017 Korea Business Forum hosted by KOTRA, a trade and investment promotion agency, and the Ministry of Trade, Industry and Energy in Singapore from March 14 to 15.

The forum was part of the Korean government's investor relations (IR) activities led by Deputy Minister for Trade and Investment Chae Hee-bong.

The forum was aimed at introducing free economic zones (FEZs) in Korea's provincial areas, promising startups and potential merger and acquisition (M&A) targets to global investors in Singapore.

The Korean government focused on highlighting the strong fundamentals of Korea's economy, consistent policies for foreign investors, and the attractiveness of Korea as an investment destination.

The forum attracted more than 120 potential investors from 80 venture capitalists, private equities (PEs) and financial advisory companies. Among major participating companies are JP Morgan Asset Management, Ascott and Inventis, the largest PE growth fund in China.

Following the forum, Korea's FEZ authorities and startup firms held one- on-one business meetings with investors, including sovereign wealth funds and financial companies.

"Despite lingering uncertainty in Korea, a lot of investors have shown keen interest in the Korean market and companies," said an official at the KOTRA Singapore Office.

"In particular, it is very encouraging that one-on-one meetings with Korean startups are all booked in advance," he added. "They are particularly interested in media content providers."

On Thursday, the government plans to have a meeting with global real estate developers and hold a roundtable with private equity funds interested in Korean markets in Hong Kong.

Emailkjk@ktimes.com Article ListMore articles by this reporter
 
LG
  • Korean builders desperate for foreign construction workers
  • 2 Buddhist monks assault solo protester
  • Western, traditional Korean medicine doctors clash over terminology
  • Korea grapples with excess rice
  • Gates calls on Korea to play greater role in fight against COVID-19 pandemic
  • Instructors furious over scaling down of gugak in music teacher education
  • Ruling party chief accuses president of verbal abuse
  • Concerns grow over Korea's pension fund
  • Do Kwon says he will cooperate with investigation
  • NPS reduces Samsung shares, while increasing TSMC stocks
  • Interactive News
  • With tough love,
  • 'Santa dogs' help rebuild burnt forests in Andong
  • 'Santa dogs' help rebuild burnt forests in Andong
  • A tale of natural wine
    • Girls' Generation music video director apologizes for copying design Girls' Generation music video director apologizes for copying design
    • 2PM's Lee Jun-ho proves versatility at 'Before Midnight' concert 2PM's Lee Jun-ho proves versatility at 'Before Midnight' concert
    • Star directors' new series to A-listers' small screen comeback expected in coming weeks Star directors' new series to A-listers' small screen comeback expected in coming weeks
    • NewJeans sets record with debut album NewJeans sets record with debut album
    • 'Confidential Assignment 2' has even more action, humor 'Confidential Assignment 2' has even more action, humor
    DARKROOM
    • Ice is melting, land is burning

      Ice is melting, land is burning

    • Tottenham 6-3 Team K League

      Tottenham 6-3 Team K League

    • Afghanistan earthquake killed more than 1,000

      Afghanistan earthquake killed more than 1,000

    • Divided America reacts to overturn of Roe vs. Wade

      Divided America reacts to overturn of Roe vs. Wade

    • Namaste: Yogis to celebrate International Yoga Day

      Namaste: Yogis to celebrate International Yoga Day

    The Korea Times
    CEO & Publisher : Oh Young-jin
    Digital News Email : webmaster@koreatimes.co.kr
    Tel : 02-724-2114
    Online newspaper registration No : 서울,아52844
    Date of registration : 2020.02.05
    Masthead : The Korea Times
    Copyright © koreatimes.co.kr. All rights reserved.
    • About Us
    • Introduction
    • History
    • Location
    • Media Kit
    • Contact Us
    • Products & Service
    • Subscribe
    • E-paper
    • Mobile Service
    • RSS Service
    • Content Sales
    • Policy
    • Privacy Statement
    • Terms of Service
    • 고충처리인
    • Youth Protection Policy
    • Code of Ethics
    • Copyright Policy
    • Family Site
    • Hankook Ilbo
    • Dongwha Group