“Korean New Deal Investment Initiative”

korea investment

Invest KOREA’s event the “Korean New Deal Investment Initiative” takes place from June 16-18, 2021.

The online event includes one-on-one business meetings with prospective Korean partners and webinars for a glimpse on the business related to the Korean New Deal such as the ICT and low-carbon technology business. More about the event HERE.

Learn about other events HERE.

The Korean New Deal

The South Korean government has responded. It’s New Deal, plans to invest about US$144 billion in creating 1,901,000 jobs by 2025. The plan focuses on a Digital New Deal and Green New Deal, and includes overarching policy support to strengthen employment and social safety nets.

Korea has identified ten key projects ranging from green mobility to smart healthcare. It includes the central and local governments’ involvement to bring innovation and jobs to the regional economy, with half of the money invested outside Seoul.

The Green New Deal focuses on renewable energy, green infrastructure and industrial sector. Its green car subsidy programme offers up to US$17 million in subsidies to people buying electric cars in 2021 and up to US$33.5 million for hydrogen fuel-cell electric vehicles.


Invest KOREA

Invest KOREA (IK) is a national investment promotion agency whose aim is to support the establishment of foreign businesses in Korea. The agency was established as part of the Korea Trade-Investment Promotion Agency (KOTRA). IK promotes Korea’s investment environment abroad and provides comprehensive services to foreign companies ranging from consultations, notifications of investments, establishment of corporations, support for business activities, and complaint handling in Korea.

Invest KOREA (IK) staff members consist of KOTRA employees, specialists, public officials dispatched from related government ministries and agencies, and experts from the private sector, all who have extensive knowledge and experiences in the field of foreign investment.
IK cooperates closely with 36 overseas investment-focused offices. IK works on foreign investment policies formulated by the Ministry of Trade, Industry and Energy and the Foreign Investment Committee.

Source/ Image Credit: Invest Korea