Seoul, Dec 25 (IANS) South Korea’s main business lobby said on Wednesday it has sent letters calling for support for the Korean economy from its 33 global counterparts amid the political turmoil following President Yoon Suk Yeol’s botched martial law declaration this month.
The Federation of Korean Industries (FKI) said it sent the letters to chairmen of the 33 business associations in 31 countries, including the United States, Japan and China, reports Yonhap news agency.
“The South Korean economy remains in a stable condition based on its robust fundamentals and high sovereign credit ratings despite the recent political situation. The government and business circles are making all-out efforts to minimise the impact of the political fiasco,” the FKI said in a press release.
The government is in talks to provide incentives for multinational companies that are considering investments in Korea. Korean companies will make their planned investments while actively responding to changes in the global trading markets in line with the incoming Donald Trump administration next month, the release said.
The FKI said it will continue to focus on communication with overseas business entities to help South Korea maintain its current credit ratings.
Chey Tae-won, chairman of the Korea Chamber of Commerce and Industry, and Yoon Jin-sik, chairman of the Korea International Trade Organization, also sent similar letters to their global counterparts.
Meanwhile, Yeol was unlikely to appear for questioning this week as requested by the investigation team handling the martial law case, his lawyer said. The probe team is seeking to question Yoon in person over his alleged involvement in the botched December 3 martial law imposition, on charges of insurrection and abuse of power, and asked him to appear for questioning on Wednesday.
The Corruption Investigation Office for High-ranking Officials (CIO) has sent summons to Yoon’s side twice, seeking his presence to undergo the interrogation as part of its probe into Yoon’s brief martial law order. Yoon did not comply with the first summons, which had requested that he show up last Wednesday.
–IANS
na/
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.