President Yun Seok-Yeol: ``We will spare no effort to support foreign companies that have invested in South Korea.''

President Yoon Seo-gyul said on the 14th, ``I will work hard so that South Korea is rated as the easiest country in the world to start a business.''
On this day, President Yoon held a luncheon with representatives of foreign-invested companies at the Korean Chamber of Commerce and Industry in Jung-gu, Seoul.
``In order to create the best investment environment, we will abolish regulations and expand incentives to meet global standards.''
President Yoon said, ``I would like to thank foreign-invested companies for making the largest investment in history last year. Foreign-invested companies account for 21% of our exports.
"They are responsible for 6% of employment and make a significant contribution to our economy." He continued, ``From now on, it's the government's turn. We must not be beholden to all of you with various tax benefits (benefits) and support.''
stomach. "This is a counter-benefits that the government should give to foreign-invested companies that have invested in the Republic of Korea."
Furthermore, he said, ``In areas where laws and budgets are affected, we will work closely with the Diet to
"We will create a business environment for the president, and we will proactively resolve issues that can be done with the laws and sub-budgets under the control of the president."
James Kim, president of the American Chamber of Commerce in Korea, who attended the meeting, said, ``Regulatory reform
The president's will has greatly improved the domestic business environment for foreign-invested companies. There is no reason why South Korea cannot become a hub country in the Asian region."
Representatives of foreign-invested companies are calling for expansion of investment incentives, support for relaxing network separation regulations, and taxation of national strategic technologies.
It also proposed expanding the scope of deductions and simplifying the documents to be submitted when making foreign exchange transactions. Vice Prime Minister and Minister of Strategy and Finance Choi Sang-mok and Minister of Trade, Industry and Energy Andok-geun Ahn Deok-geun announced that
We will compile a variety of support measures based on the proposals made by the government." President Yoon said, ``I consider you all to be teachers of the Korean economy, and I would like to take this opportunity to listen carefully to your frank points and opinions.''
I will.'' A foreign-invested company is a company in which foreign investors have invested a certain percentage or more in accordance with relevant laws. Last year, foreign-invested companies invested approximately $32.7 billion (approximately 4 trillion
924.2 billion yen), achieving the highest performance ever.