Buk-do Governor Lee Cheol-woo Outlines APEC investment Strategy
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2025/11/12 01:27:00 – Buk-do Governor Lee Cheol-woo announced plans to capitalize on the global business network fostered through the recent APEC summit to attract investment and support the overseas expansion of local companies. The strategy will prioritize continued investment in artificial intelligence (AI) and digital industries, aligning with the principles outlined in the ‘Gyeongju Declaration.’ This initiative aims to strengthen the region’s diplomatic capabilities and create new economic opportunities.
Leveraging APEC for Economic Growth
Governor Lee Cheol-woo emphasized the importance of utilizing the connections made during the APEC summit to boost Buk-do’s economy. the focus will be on attracting foreign investment and assisting local businesses in expanding their reach into international markets. This builds on the momentum generated by the Asia-Pacific Economic Cooperation (APEC) forum, wich promotes economic cooperation across the region.
Focus on AI and Digital Industries
A key component of the Governor’s plan is continued investment in AI and digital industries. This commitment stems from the ‘Gyeongju Declaration,’ a set of principles agreed upon during the APEC summit,which highlights the importance of technological innovation for future economic growth. These industries are seen as crucial for creating new jobs and driving long-term prosperity in Buk-do.
The Gyeongju declaration and its Importance
The Gyeongju Declaration, adopted at the 2024 APEC Economic Leaders’ Week, focuses on building a enduring and inclusive future for the Asia-Pacific region. It emphasizes digital conversion, innovation, and the importance of addressing climate change. Buk-do’s investment strategy directly aligns with these goals.
Strengthening Diplomatic Capabilities
The APEC summit is expected to enhance the diplomatic capabilities of local governments like Buk-do. The ability to engage with international leaders and businesses is seen as vital for attracting investment and fostering economic partnerships. Success in this area will be measured by the tangible benefits realized both domestically and internationally.
Key Takeaways
- Buk-do will actively use the APEC network to attract investment.
- Local companies will receive support for overseas expansion.
- Investment in AI and digital industries will continue, guided by the Gyeongju Declaration.
- Strengthened diplomatic capabilities are expected to drive economic growth.
The success of this strategy will be crucial in creating a virtuous cycle of economic growth and innovation for Buk-do.By leveraging the opportunities presented by APEC and focusing on key industries like AI and digital technologies, the region aims to secure its future as a thriving economic hub.
Reporting by Taeho Yoon, MBC News. (Video reporting by Jonghee Yoon)