Türkiye Century Investment Receptions Continue in South Korea

On September 13, the latest edition of the Türkiye Century Investment Receptions took place in Seoul, South Korea, marking the occasion of the 100th anniversary of the Republic.

The event was attended by the Turkish Minister of Industry and Technology Mehmet Fatih Kacır, South Korean Minister of Science, Information and Communication Technologies Lee Jong Ho, Turkish Ambassador to Seoul Murat Tamer, and Investment Office Vice President Furkan Karayaka. Business leaders and officials from both countries were also present.

Minister Mehmet Fatih Kacır delivered a speech at the reception in which he emphasized the significance of Türkiye as one of South Korea's key economic partners in Europe, stating “Due to the historical and cultural closeness between the two countries, Türkiye is one of the countries where South Korean companies can work most comfortably." Minister Kacır underscored the investment incentives and economic reforms introduced by Türkiye, which offer substantial opportunities to South Korean investors compared to other countries in the region.

The Turkish Ambassador to Seoul Murat Tamer remarked, “As part of the friendship between Türkiye and South Korea, there are many opportunities that the two countries can achieve together, such as mega projects."

Speaking as a stakeholder of the World Knowledge Forum, which drives global economic development through at the reception, Furkan Karayaka expressed his satisfaction, “Türkiye hosts nearly 400 South Korean companies. In recent years, it has become a regional hub in manufacturing and logistics sectors."

Karayaka emphasized the substantial investments that Türkiye has attracted from South Korea, particularly in the energy, electronics, and infrastructure sectors, amounting to over USD 3.3 billion. The bilateral strategic partnership between Türkiye and South Korea, built on a strong historical bond, has flourished for more than a decade. Karayaka underlined the fact that the recently signed "Road Map for Dynamic Türkiye-South Korea Relations" further enhances the potential for direct investments.

Additionally, a Memorandum of Understanding for Strategic Cooperation was signed during the reception between the Global Digital Innovation Network, a non-profit organization under the South Korean Ministry of Science, Information and Communication Technologies, and the Investment Office.

Previous editions of the Türkiye Century Investment Receptions took place in renowned cities including London, Paris, Milan, Vienna, Beijing, Singapore, Kuala Lumpur, and Tokyo.
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Türkiye Century Investment Receptions; 100th Anniversary of the Republic of Türkiye; South Korea