President Moon to hold rare meeting with foreign investors

SEOUL, March 28 (Yonhap) -- South Korean President Moon Jae-in was set to hold a special meeting with officials and representatives from foreign invested firms here Thursday.

The meeting, to be held at the presidential office Cheong Wa Dae in Seoul, will mark the first of its kind since Moon took office in May 2017.

The president has held a number of meetings with business leaders, but never only with those from foreign invested companies.

Moon is widely expected to call for increased investment in South Korea as he struggles to create more jobs and keep Asia's fourth-largest economy growing.

Following a thaw in inter-Korean relations, foreign investment in South Korea has been on a steep increase.

In 2018, new foreign direct investment pledged to South Korea surged to a record high of US$26.9 billion, up 17.2 percent from a year earlier, according to earlier data.

The South Korean president has held three summits with North Korean leader Kim Jong-un, which led to a military agreement signed at their latest summit, held in Pyongyang in September, under which the countries agreed to never use military force against each other.

bdk@yna.co.kr
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