The Seoul Metropolitan Government said on Oct. 21 that it appointed former Korea Trade-Investment Promotion Agency (KOTRA) Executive Vice President Lee Ji-hyung as the inaugural chair of the Seoul Investment Promotion Foundation, a dedicated agency for attracting investment. Lee's term is two years starting that day.
Lee graduated from the Department of English Language and Literature at Korea University and earned a master's degree in technomanagement from the State University of New York. After that, Lee worked at KOTRA for about 34 years. While at KOTRA, Lee served in posts including head of the Silicon Valley Trade Center, head of the North America Regional Headquarters, and head of the Economic and Trade Cooperation Headquarters.
Lee said, "At a difficult time both at home and abroad, I feel a heavy sense of responsibility to carry out my duties as the first head of a dedicated local-government agency for attracting investment," adding, "I will contribute to developing Seoul into Asia's top global investment hub."
The chair of the Seoul Investment Promotion Foundation was selected through an open recruitment process and the Executive Recommendation Committee. The inaugural chair will represent the foundation and oversee all operations for two years. The Seoul Investment Promotion Foundation, which launches in Oct., plans to promote major projects such as: ▲ establishing Seoul-style specialized strategies for attracting investment ▲ expanding customized support for corporations and investment networks ▲ attracting global corporations ▲ strengthening site-development marketing and revitalizing the financial hub.