South Korea balances policy to draw foreign investment, official says

Global chipmaking equipment companies increase presence in country

20231107 SK

Jang Young-jin, first vice minister at the Ministry of Trade, Industry and Energy, says global companies see increasing promise in South Korea. (Photo by Kim Jaewon)

KIM JAEWON, Nikkei staff writer

BUSAN, South Korea -- South Korea's loosening of environmental regulations combined with a tough approach to labor activism are helping attract more foreign direct investment, a top government industry official told Nikkei Asia, as the country basks in a series of recent large-scale entries by global technology companies.

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