The South Korean government, led by President Lee Jae-myung, convened a major policy roundtable at the Blue House to strengthen foreign investment and foster regional and youth development. The event, titled ‘Global Investment, Youth Leap, Regional Growth,’ was designed to gather feedback from foreign-invested companies and encourage greater investment in local areas. The government aims to build on last year’s record-high foreign investment inflows by introducing targeted support measures. The meeting was broadcast live on KTV, ensuring transparency and public engagement.
Key participants included representatives from seven foreign chambers of commerce in Korea, such as the American and European chambers, and leaders from 31 foreign-invested companies. Senior officials from the Ministry of Economy and Finance, Ministry of Science and ICT, Ministry of Environment and Energy, Ministry of Employment and Labor, and the Office for Government Policy Coordination attended, alongside presidential advisors. The policy focuses on providing tailored support packages for 30 major foreign investment projects, significantly enhancing incentives for regional investments, and developing youth talent for foreign-invested companies.
The new policy direction was formally presented by Trade Minister Yeo Han-koo following President Lee’s opening remarks. The plan includes measures to resolve challenges faced by foreign-invested companies and improve local living conditions for foreign workers. The government will also prioritize customized youth workforce development and address regulatory barriers. Implementation is set to begin in 2026, with continuous monitoring and adjustments based on company feedback and investment trends.
Frequently asked questions include: What are the main benefits for foreign-invested companies? The policy offers increased incentives for regional investment, customized support for key projects, and improved conditions for foreign employees. How will youth benefit from these changes? The government is launching programs to train young talent specifically for roles in foreign-invested companies, expanding employment opportunities. What is the expected impact on regional economies? By attracting more foreign investment to local areas, the policy aims to stimulate regional growth and create new jobs.
South Korea’s latest policy initiative reflects a comprehensive strategy to maintain momentum in foreign investment while addressing critical challenges such as regional economic disparities and youth unemployment. The government’s commitment to tailored incentives, workforce development, and improved living conditions for foreign employees is likely to enhance the country’s attractiveness as an investment destination. The inclusion of diverse stakeholders in the policy discussion signals a responsive and adaptive approach. Overall, these measures are well-positioned to support sustainable economic growth and greater opportunities for both foreign investors and local communities.