DPM Han Conducted an IR Session in Japan
The IR session, held in Tokyo on February 3, was attended by more-than-expected 150 Japanese investors, indicating Japanese businesses’ strong interest in and supports for the Korean economy. Of attendees were included major securities investors from banks, securities companies, insurers and pension funds and major figures from financial institutions and economic research institutes.
In addition, unlike IR sessions held in the US, Europe and other regions, many investors from non-financial sectors such as parts and components companies, also attended the session, displaying strong interest in investing in Korea.
The IR session gained much attention from local investors as it was the first of its kind held in Japan by DPM to give overall information on the Korean economy. Also, the unexpectedly large volume of attendees can be interpreted that Japanese investors pay more attention to Korea as one of the most attractive investment targets amid unprecedented positive assessments on the Korean economy by the international community.
DPM Han highlighted the economic dynamism of Korea using the catch words "Dynamic Korea" in his keynote speech. He addressed on the rapid economic growth since the 1970s and the successful restructuring efforts since the financial crisis in 1997. He added that the Korean economy is fast turning back to the growth track while domestic and overseas evaluations on it and the competitiveness of Korean companies have improved. Also, he expressed strong confidence in the Korean economy, saying that it would join the ranks of advanced economies in the near future based on stable and consistent growth around its economic potential.
In addition, DPM Han suggested the vision of the Korean economy aiming at open and transparent market economy. He referred to the creation of new growth engines, the sophistication of financial systems, improvements in labor-management relations, the expansion of economic openness and preparation for a Korea with low fertility rate and ageing population as policy tasks to realize the vision.
Closing his speech, DPM Han stressed the traditional close relationship between Korean and Japan in terms of economic cooperation including trades and investments, mentioning successful cases of Japan’s investments in Korea. He added that the economic cooperation between the two countries is more important than ever in order to improve the status of the Asian economy gaining more attention from the international community.
- Korea’s major trading partners (volume, US$ billion): China (97.3), Japan (70.2), and US (69.3)
- Investment in Korea by country (US$ billion): US (34.9), Japan (17.4), the Netherlands (13.0)
He elaborated on the attractive aspects of the Korean economy as an investment target: solid infrastructure regarding human and material resources, advantages as a gateway to advancing into major markets, mutually-reinforcing relationship between Korea and Japan in the parts and components sector and new opportunities for investment in financial and logistics fields.
In particular, DPM Han asked Japanese investors for much attention and investment, mentioning the government’s strong efforts to attract foreign financial institutions and develop logistics complexes in free economic zones (FEZs) including Busan and Kwangyang ports in a bid to becoming a Northeast Asian financial hub.
At the Q&A session after the keynote speech, DPM Han clarified the government’s position on hot-button issues such as establishing stable labor-management relations, continuing efforts to attract overseas investment and expanding economic cooperation between Korea and Japan.
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2008년 10월 6일 16:30
