Vice Prime Minister and Minister of Economy and Finance Koo Yoon-cheol met consecutively with top executives of major Wall Street financial institutions in New York, presenting Korea’s economic policies and discussing ways to expand investment.

On the 14th (local time), Vice Prime Minister Koo held separate meetings with senior executives of U.S. financial institutions BlackRock, PIMCO, and Apollo. The meetings were arranged on the occasion of the “Korea Economic Investment Briefing.”

In his meeting with Rob Goldstein, BlackRock Chief Operating Officer (COO), Koo introduced the Korean government’s foreign exchange and capital market advancement measures, including policies to enhance corporate value and the establishment of a comprehensive roadmap for inclusion in the Morgan Stanley Capital International (MSCI) Developed Markets Index. BlackRock is the world’s largest asset management company, managing approximately USD 14 trillion as of the end of last year.

COO Goldstein said, “Korea’s foreign exchange and capital market reforms have the potential to expand accessibility for global investors,” adding, “BlackRock continues to contribute to the Korean market through ongoing investments on behalf of its clients.”

Vice Prime Minister Koo also met with PIMCO Vice Chairman John Studzinski and Apollo Chairman Marc Rowan to discuss expanding investment opportunities in cutting-edge industries such as artificial intelligence (AI), Korea’s inclusion in the World Government Bond Index (WGBI), and measures to increase foreign investment. Studzinski, vice chairman of PIMCO, the world’s largest bond investment firm and a supporter of Korea’s inclusion in the WGBI, stated that “global investors trust the solid fundamentals of the Korean economy.”

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