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Mayor's Hope Journal

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  • Some Good News
    [Mayor Park Won Soon’s Hope Journal 225]

  • SMG 1068

    Here is some good news! Foreign direct investment in Seoul this year hit a new record, with Europe and North America leading the way.
    The reported amount of FDI in Seoul for the first half of this year stood at $3,288 billion, representing an increase of 13.9% over the same period last year. Europe was the biggest investor at $1,740 billion, followed by North America at $531 million. It is noteworthy that the service sector saw a 47.2% increase in FDI year-on-year, while the amount relating to FDI in the finance and insurance sector amounted to $1,718 million.
    Such good news brightens the future prospects of Seoul as an international financial city.

    Business remains slow and the unemployment figures are steadily increasing. I expect that foreign investment in our city will bring about a virtuous circle effect. We at Seoul City will do our best to invigorate the economy and make Seoul a more attractive city for investors.