Korea to Expand Incentives to Attract Investors

Korea's top economic policymaker says the government plans to offer more incentives to foreign investors, noting that foreign capital has played a critical role in the nation's economic development.

In his keynote speech to a meeting organized by the European Union Chamber of Commerce in Korea, or EUCCK, Finance and Economy Minister Han Duck-soo said the Korean government continuously tries to improve business environment and expand investment opportunities for foreigners.

Minister Han added, following the EUCCK's suggestion, that the government has revised regulations on financial services for foreign investors by allowing multinational firms to flexibly transfer funds between their headquarters and branches in Korea without prior notification.

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