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Yoon promises investment-friendly environment in S. Korea Updated: 2022-09-23 17:02:59 KST

Wrapping up his three-day stay in New York City for the UN General Assembly, President Yoon met on Thursday with North American investors and business people.
Those talks secured investments in South Korea worth over one-billion dollars from seven firms, including chipmakers and battery makers.
Yoon Jung-min reports.
Seven North American businesses, including chipmakers, battery makers and energy firms, have presented investment plans to South Korea worth 1.one-five billion U.S. dollars.
And the proposals were accepted at an event for American investors hosted by Seoul's trade ministry on Thursday in New York, where South Korean President Yoon Suk-yeol sent a business-friendly message.

"We will give full support to any investment in South Korea to guarantee good results."

The South Korean President renewed his promise to create an environment that is good for business for which he'll try to cut red tape and foster an economy led by the private sector and markets as Seoul tries to gain the upper hand in the global technology race.

Among the seven investors are renowned semiconductor equipment maker, Applied Materials and lithium-metal battery maker Solid Energy System, both of which have plans to create R&D centers in South Korea while Canadian power firm Northland Power is considering building a wind power generation complex.

"Your investment will be a great help not just for supply chain cooperation between South Korea and North America and strengthening competitiveness in cutting-edge technology, but for maintaining our robust economic security alliance."

Wrapping up his three-day stay in New York, President Yoon had a lunch meeting with the President of the Council on Foreign Relations, Richard Haass and former Australian Prime Minister Kevin Rudd, during which he revisited expanding Seoul's contribution on the global stage, something he had already mentioned in his UN speech.
Yoon Jung-min, Arirang News.
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