Recently, Kim Tae-hyoung, the Director General of the Korea Investment Promotion Agency, highlighted that in recent times, the South Korean government has undertaken a sweeping overhaul of its investment landscape. This transformation is centered on bolstering competitiveness through a range of incentives, including investment subsidies, tax concessions, and visas for highly skilled professionals. These measures are particularly aimed at nurturing growth in key sectors such as semiconductors, artificial intelligence (AI), and smart manufacturing.

Kim Tae-hyoung elaborated that South Korea's enduring policy framework is built upon three foundational pillars: Firstly, the 'kitchen table economy' principle, which places a premium on safeguarding the interests of workers and low-income households. Secondly, the commitment to upholding sovereign creditworthiness and international credit ratings, thereby ensuring a steady influx of foreign investment. Thirdly, the emphasis on fortifying industrial competitiveness, with the aim of leveraging manufacturing and technological prowess to carve out a global niche, despite the nation's limited natural resource endowment.