South Korea Seeks To Attract Foreign Investment

South Korean President Lee Jae-myung on Jan. 29 urged foreign-invested companies to expand in South Korea, pledging to make the country the "world's best investment destination." He cited $36 billion in foreign direct investment last year, up 4.3%, and outlined incentives including regional power discounts, job training, and 30 designated projects. He also acknowledged labor-law concerns that may deter some investors.