Finance / South Korea
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FDI Honeymoon For Lee, But Will Marriage Hold?
April 2008 | Corporate Financing News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Newly-elected President Lee Myung-bak appears to have been accorded a honeymoon by foreign investors with pledged FDI rising by 70% y-o-y to US$2.72bn in Q108. Lee's ambitious growth agenda, involving tax cuts and deregulation, has excited investors both domestically and abroad, but some fear that Lee, a former Hyundai executive, will merely serve the interests of the mighty chaebol domestic conglomerates.