The Board of Investment (BOI) has joined forces with the Industrial Estate Authority of Thailand (IEAT) and several Thai private companies, including PTT and Charoen Pokphand Group, to host a roadshow in Seoul aimed at attracting South Korean investors to Thailand. Scheduled to run from May 15 to 18, the roadshow is expected to draw in at least 180 invitees, including over 40 of South Korea’s largest companies, as well as members of the Korean Electric Vehicle Industry Association.
The BOI and IEAT aim to unveil new investment promotion measures and highlight the readiness of Thai industrial estates to support South Korean investors. Attracting investment from South Korea is crucial due to the country’s technological advancements in fields such as biotechnology, semiconductors, and electric vehicles. Thailand understands the need to secure investment from South Korea to advance its new economy.
The roadshow will include a seminar called “Thailand Investment Promotion Strategy: New Economy, New Opportunities,” offering valuable information on investment prospects and opportunities for business cooperation. In addition, business negotiations and investment advice sessions are planned.
According to the BOI, South Korea has submitted applications for investment promotion in 322 projects worth 91 billion baht in the past decade, primarily in the areas of electronics, electrical appliances, automotive parts, metal products, and digital industries.
The Korea Trade Investment Promotion Agency facilitated South Korean investor participation in the “Thailand-Korea Economic Cooperation Forum” held in Bangkok in October 2022. Approximately 250 Thai and South Korean investors attended, demonstrating Thailand’s potential to support investment opportunities.
The event will be a significant business negotiation between the BOI, IEAT, and large private companies from both Thailand and South Korea. By attracting investors from South Korea, Thailand hopes to create more opportunities for cooperation and promote economic growth.
