Koo Yoonchul to Host Korea Economic Investment Roadshow in London... Attends G7 as Invited Country

Koo Yoon-chul, Deputy Prime Minister for Economic Affairs and Minister of Economy and Finance, is departing through Incheon Airport on the 17th to attend the 'London Korea Economic Investment Roadshow (IR) and the G7 Finance Ministers' Meeting.' Ministry of Economy and Finance

Deputy Prime Minister and Minister of Strategy and Finance Koo Yoonchul is encouraging foreign investors to invest in Korea and discussing global economic issues with finance ministers from the Group of Seven (G7) countries.

According to the Ministry of Strategy and Finance on May 17, Deputy Prime Minister Koo departed Korea in the morning and will hold a Korea Economic Investment Roadshow for major global investment institutions in London, UK, on May 18 (local time).

Deputy Prime Minister Koo plans to outline the core policy directions of the Korean government, including the country’s outstanding global competitiveness, the advancement of its capital markets, and the realization of a super-innovation economy, while emphasizing the importance of active investment in Korea.

On the same day, he will meet with top executives of major global financial companies such as HSBC and Schroders to explain the Korean government’s efforts to reform the foreign exchange and capital markets, and request active cooperation.

Additionally, Deputy Prime Minister Koo will meet with Odile Renaud-Basso, President of the European Bank for Reconstruction and Development (EBRD), to discuss support measures for developing countries that incorporate artificial intelligence (AI).

On May 19, he will attend the G7 Finance Ministers and Central Bank Governors Meeting in Paris, the capital of France, which holds the G7 presidency.

This meeting will be attended not only by G7 member countries but also by finance ministers and central bank governors from four invited countries, including Korea, India, Brazil, and Kenya, as well as representatives from major international organizations such as the International Monetary Fund (IMF), World Bank (WB), Organisation for Economic Co-operation and Development (OECD), and Financial Stability Board (FSB).

The meeting will focus on the need to resolve “global imbalances,” where large current account surpluses in certain countries lead to the accumulation of deficits in others, as well as ways to build mutually beneficial international partnerships.

Through keynote remarks and other opportunities, Deputy Prime Minister Koo will stress that “it is difficult for any one country to resolve the complex crisis caused by the prolonged war in the Middle East on its own,” and will share Korea’s emergency economic response policies and related efforts.

He will also present opinions on major global economic issues from an intermediary position connecting G7 member states and emerging economies.

In addition, he will hold meetings with Rachel Reeves, Chancellor of the Exchequer of the UK, which will hold the G20 presidency next year, as well as François-Philippe Champagne, Minister of Finance of Canada, and Lars Klingbeil, Vice Chancellor and Minister of Finance of Germany.

This content was produced with the assistance of AI translation services.