South Korea’s main business lobby has sent letters this week urging support for the Korean economy from 33 global counterparts amid turmoil after President Yoon Suk Yeol’s martial law declaration this month. The Federation of Korean Industries said it contacted business associations in 31 countries, including the U.S., Japan and China, stressing that the economy remains stable with solid fundamentals despite the political crisis. The government is negotiating incentives for multinational companies eyeing investments in Korea, while local firms plan to proceed with investment plans and stay alert to global trade shifts under incoming U.S. President Donald Trump. The FKI aims to keep communication channels open with foreign business entities to safeguard South Korea’s credit ratings.
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