Koo Yoon-chul Refutes Bloomberg's Claim That "South Korea Is Unfit for Investment": "Growth, Exports, and Inflation Remain Solid"

Deputy Prime Minister and Minister of Economy and Finance Koo Yoon-chul refuted a recent Bloomberg column that assessed "South Korea as unfit for investment," stating, "The Korean economy is more robust than ever and is achieving unprecedented results."

On August 6, at the Emergency Economic Headquarters meeting and the Meeting of Ministers in Charge of Economic and Structural Innovation held at the Government Seoul Office in Jongno-gu, Seoul, Deputy Prime Minister Koo said, "All real and macroeconomic indicators—including Korea's growth, exports, inflation, and both consumer and business sentiment indices—continue to show solid trends," underscoring his point.

This was an official rebuttal to Bloomberg columnist Shuli Ren's recent column titled "South Korea is Becoming Uninvestable, Too," which addressed volatility in the Korean stock market.

Koo Yoonchul, Deputy Prime Minister and Minister of Economy and Finance, is attending the Emergency Economic Headquarters Meeting and the Ministerial Meeting on Economic Structural Innovation held at the Government Seoul Office in Jongno-gu, Seoul, on August 6, 2026. Photo by Jo Yongjun

Deputy Prime Minister Koo also stated, "The government is responding swiftly to curb stock market volatility, and recently, the stock indexes have shown signs of stabilization," adding, "We will continue our efforts to structurally enhance the capital markets and foster new industries, making Korea an even more trustworthy investment destination."

Earlier, the Financial Services Commission also released its "Position of the Government on the Domestic Stock Market," emphasizing, "At a time when Korea is emerging as an irreplaceable supply chain and investment destination in the global artificial intelligence (AI) market, there is absolutely no concern that Korea will be deemed uninvestable based on unclear figures."

The Financial Services Commission further pointed out the unreliability of the column, noting, "The average daily number of forced selling accounts in June was about 3,000, but citing a figure of 360,000 accounts demonstrates that the statistics referenced in the column do not align with the facts," and also commented, "Accurate sources have not been verified."

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