Seoul city gov't launches agency to attract corporate investments
In an ambitious bid to establish the Korean capital as a leading investment destination, the Seoul Metropolitan Government on Thursday launched Invest Seoul, a dedicated city agency designed to attract and facilitate corporate investments. At an event held to celebrate the establishment of Korea’s first municipality-led institution focused on investment promotion, officials said its creation is a response to the growing global competition to attract foreign capital. The agency was officially registered on Oct. 21 and is set to serve as the control center for the city’s investment initiatives. The organization’s strategies include making investment plans that leverage Seoul’s unique strengths, offering tailored support and business networks for companies, promoting major development sites, and strengthening the city’s global profile to attract investors. Lee Ji-hyung, the inaugural president and CEO of Invest Seoul, outlined a vision to elevate the city as “Asia’s leading global investment hub.” “We will reorganize the organization to provide close support throughout the
