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Wed, January 27, 2021 | 06:37
Markets
Foreign investors' grievance in Korea portrayed in new book
Posted : 2020-06-28 10:23
Updated : 2020-06-28 16:36
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By Lee Min-hyung

A book titled Foreign Direct Investment & Korean Economic Policies, published by Sungkyunkwan University professor emeritus Jeffrey In-chul Kim
A book titled Foreign Direct Investment & Korean Economic Policies, published by Sungkyunkwan University professor emeritus Jeffrey In-chul Kim
Any foreigner or institution considering making investments in Korea is advised to read a book containing a collection of articles by a former foreign investment ombudsman.

"The Foreign Direct Investment & Korean Economic Policies," published by Jeffrey In-chul Kim, now a professor emeritus of Sungkyunkwan University, discusses a wide range of topics on foreign investors' viewpoints on the Korean economy and the investment climate here. The book consists of dozens of Kim's articles published in The Korea Times over the past five years.

The book primarily deals with topics on Korea's policy directions on foreign direct investment (FDI) and foreigners' grievances when they make FDI here.

Kim also shares his vivid experiences from his time as ombudsman of the Korea Trade-Investment Promotion Agency (KOTRA), analyzing details on foreigners' common voices over the nation's investment environment. Those who plan to make inroads into the Korean market can also get the gist of the nation's corporate environment and regulatory characteristics by reading the book.

The writer also encompassed other trending economic topics ― such as whether robots or artificial intelligence can replace human jobs or create a new trade order in the post-coronavirus world.

"I have listened to foreign investors' numerous grievances," Kim said in the foreword of the book. "To change outdated or obsolete laws and regulations is not easy and takes a long time. As such, I opened it up for public debate by strongly appealing to the domestic media including The Korea Times, which drew much attention from the relevant agencies in the government."

John Brian Taylor, the Mary and Robert Raymond professor of economics at Stanford University, recommended the book, saying it introduces "challenging cases of FDI" and suggests "innovative policy solutions."



Emailmhlee@koreatimes.co.kr Article ListMore articles by this reporter









 
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