Kim & Chang Law Office (Chief Attorney Jung Gye-sung) noted on the 27th that it held the Korea-ASEAN Business Forum in partnership with Singapore UOB Bank and Samil on the 26th at the Shilla Hotel in Seoul.
Last year, foreign direct investment (FDI) in ASEAN countries reached a record high of $230 billion.
Chief Attorney Jung Gye-sung of Kim & Chang said in his opening remarks, “Among ASEAN countries, Singapore, Indonesia, Thailand, Vietnam, and Malaysia have seen active investments from our corporations, and we expect investments to increase in the future.” He added, “It is important for our corporations to understand the differences among these countries and to proactively respond to risks.”
In the first session of the forum, Sam Cheong, UOB's head of foreign direct investment (FDI) advisory, served as the moderator and led the discussion on the topic of “Insights into opportunities and strategic importance in ASEAN.” The panelists included ▲Trevor Wong, Director for Korea and Japan at the Singapore Economic Development Board (EDB) ▲Reza Mawasthama, Seoul Director at the Indonesia Investment Promotion Center (IIPC) ▲Kritsana Saeheng, Director at the Thailand Board of Investment (BOI) Seoul office ▲Ruhizam Idris, Seoul Director at the Malaysia Investment Development Authority (MIDA).
Sam Cheong noted, “ASEAN is an attractive investment region with diverse economic structures and strategic locations, and it is important to take a long-term perspective.”
In the second session, Oh Jong-nam, an adviser at Kim & Chang, served as the moderator and led a discussion on the topic of “Strategies for Korean corporations entering the Southeast Asian market.” The panel included ▲Koh Young Technology's Chief in Korea, Go Young-sang ▲Lee Sun-yeol, foreign lawyer at Kim & Chang Law Office ▲Michael Kim, leader of international tax services at Samil PwC ▲Michael DC Choi, head of M&A at the Korea Trade-Investment Promotion Agency (KOTRA).