Finance minister highlights 'Korea premium' during London visit

Finance Minister Koo Yun-cheol highlighted Korea's solid economic fundamentals and strong artificial intelligence (AI) capabilities to investors in Britain, promoting what he called the "Korea premium," his office said Tuesday. Koo made the remarks during a meeting with global investors in Britain on Monday (London time), attended by around 20 senior officials from 17 leading financial companies, including BlackRock, J.P. Morgan Asset Management and BNP Paribas, according to the Ministry of Finance and Economy. The event was organized to engage with key global investors amid growing interest in the Korean capital market, the finance ministry said. "The so-called Korea discount has become a term of the past, and the Korea premium has become a new reality. Now is the golden time to invest in Korea," Koo said during the session. The Korea discount is a term used to describe the tendency for Korean stocks to trade at lower valuations than their global peers due to financial regulations and other barriers that hinder foreign investment. Koo said Korea has been introducing investor-friendly tax

Original source: Korea Times