After President Moon's Dialogue with Foreign-Invested Companies, FKCCI David Jalicon sent his messages to the NDNnews(www.ndnnews.co.kr) as follows. -Ed.
In the name of the 350 members of the French Korean Chamber of Commerce and Industry, I was glad to represent the French investors in Korea at President Moon Jae In's Dialogue with Foreign-Invested Companies on March 28th 2019 at the Blue House.
We do believe that dialogue and communication are highly beneficial for all sides in such a way reinforcing bilateral economic relations, defining the best conditions for trade and investments can be done harmoniously and successfully with the ongoing social reforms in Korea.
The context is favorable between France and Korea, following President Moon Jae In's State visit last October in France and the prospect of a return visit of President Emmanuel Macron in Korea this year. Our countries belong to the same group of mid-power nations, which share the same values of multilateralism and free trade in a world, which is unstable today due to trade wars and unilateralism. Our trade volume is steadily increasing and the 200 French companies present in the peninsula represent 24 700 jobs for a total of 4.2 bn EUR of direct investments. Many established French Companies in Korea also choose to reinvest significantly. That's why maintaining a good business sentiment and climate is so important. In this regard, removing regulation uncertainty, reinforcing deregulation, introducing reform with progressivity, easing visas, taxes, bidding procedure are important to boost business confidence, which has been decreasing as our last Business Confidence Survey 2018 showed.
The presidents of major chambers of commerce and industry, along with 56 foreign-invested companies including 6 French enterprises, as well as cabinet, agencies, regulators and ministry members were present. President Moon reiterated his hope regarding inter-korean talks and the current state of foreign investments. He also presented his vision about Korea's growth ambitions, fueled by innovation and social inclusion. He insisted on the concept of "flexisecurity" and presented solutions for simplifying the regulatory framework (sandboxes), improving the predictability of regulations and this progressive application.
We do hope that this first dialogue will open a continuous chanel of communication between the government and our organization which can be beneficial for all parties.
David-Pierre Jalicon, FKCCI's Chairman