Finance chief pledges stronger policy support to attract foreign investment

Seoul's Finance Minister Koo Yun-cheol said Monday that the government will focus its policy support on creating a financial environment that attracts a greater inflow of foreign investment. Koo made the remarks while presiding over the inaugural meeting of an international financial policy advisory committee, a private-sector advisory body directly under the minister, the finance ministry said. "We aim to strengthen the inbound operations of financial institutions to expand the inflow of foreign investment and to focus our policy on building an environment that can support those efforts," he said. Stressing that the existing global financial order is being shaken, Koo said the government's proactive response and close communication with experts are more important than ever. During the meeting, committee members said recent volatility in the foreign exchange market is being driven largely by herd-like behavior and structural supply-and-demand factors, such as increased overseas investments. They assessed that key external soundness indicators remain stable, and concluded the situation doeWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times