KGCCI Breakfast Meeting with Ombudsman
We kindly invite you to a breakfast meeting with Foreign Investment Ombudsman, Dr. Kim Sung-jin.
The Foreign Investment Ombudsman is commissioned directly by the President to provide support and address grievances of foreign investors in Korea.. In 2019, the system of foreign investment ombudsman marks its 20th anniversary.
Last month, Ombudsman Dr. Kim wrote an article in The Korea Times "Foreign companies feel unwelcome in Korea" which summarizes part of the sentiments foreign investors in Korea have.. Additionally, the regulatory environment in Korea, high labor costs and a weakening economy with decreasing growth potential do not contribute to a favorable environment for foreign investors in Korea.
The Korean Government has now signaled plans to reach out more to foreign investors again. Therefore, we appreciate having the opportunity to hear from Ombudsman Dr. Kim how the Korean government looks at foreign investors in the country and discuss what can be done to bring Korea's interest in more jobs and foreign investors' needs together. The speech and Q&A session with the Ombudsman will follow introductory remarks by German Ambassador Stephan Auer.
This event will be held in English.
We look forward to seeing you at this informational event.