An event to be held in Seoul from 1-3, Nov.2006 will put Korea in the international spotlight as top executives of transnational corporations, government officials, and members of the international press from within Korea, the East Asian region and beyond will converge on the southern part of the Korean capital to participate in Foreign Investment Festival (FIF) 2006.
This will be a three-day celebration of the investment opportunities Korea offers the international business community held to mark the opening of the most ambitious initiative ever launched by a government to attract inbound capital: Invest Korea Plaza, the country's first incubation center for foreign investment projects.
The brainchild of the Republic of Korea's Ministry of Commerce, Industry and Energy (MOCIE) Invest Korea Plaza has been built adjacent to the KOTRA Building, in upscale Seocho-gu, Seoul to assist the Korea Trade-Investment Promotion Agency and its investment promotion arm, Invest KOREA, more efficiently and effectively assist foreign corporates to locate and expand in Korea by providing a full suite of support services under a single roof.
Foreign Investment Festival is intended to both put IK Plaza on the map and to inaugurate its operation. To accomplish this, a plethora of sub-events within the Festival will provide the expected 1,000 corporate visitors the opportunity to network with policy makers within the Korean government, meet potential partners who can help further the agenda of a foreign corporate in the Korean marketplace, and assess the investment environment at first hand.
Certainly Korea has an excellent story to tell and has powerful enough incentives to draw foreign direct investment (FDI), having risen rapidly to become the world's 11th-largest economy, and its 12th-largest trading nation. Through the ties built and the awareness created through the Festival, the government hopes to build on the incredible advances the Korean economy has made and take a further step to become the business, financial and logistical hub of the Asian Northeast.