South Korean finance minister Choi Sang-mok met with a delegation from the American Chamber of Commerce in Korea (AMCHAM) on Tuesday to discuss strategies for making the country an investment hub. The meeting focused on the need for regulatory reforms to create an internationally competitive investment environment.

AMCHAM Chairman James Kim emphasized that global companies are increasingly interested in South Korea as a potential regional headquarters location. However, he noted that further reforms in areas such as labor, taxation and the digital economy are necessary for South Korea to gain an edge over regional rivals like Japan, Hong Kong and Singapore. Choi acknowledged the importance of AMCHAM's policy suggestions, stating that the government is working to improve labor flexibility, tax enforcement predictability and digital deregulation.