Peru's foreign minister promotes clean and safe business environment to Korean partners

By Park Sae-jin Posted : June 11, 2024, 15:13 Updated : June 11, 2024, 17:13
AJUPRESS Park Jong-hyuk
The Foreign Minister of Peru, Javier González-Olaechea, speaks during an investment seminar held in central Seoul on June 11. AJUPRESS Park Jong-hyeok

SEOUL, June 11 (AJU PRESS) - Through a seminar on investment in Peru, held in Seoul on Tuesday, the Foreign Minister of Peru, Javier González-Olaechea, explained the clean and safe business environment of the South American nation, which has the potential to become the next "El Dorado" for Korean investors and business operators.

The economy of Peru, with a population of more than 32 million, is growing at an average rate of 4.4 percent. The country's economy is bolstered by its young population, with approximately 30 percent of the population under the age of 15, and around 25 percent aged between 15 and 29 years.

Peru's young population also means that the country has a growing consumer base, which can drive demand for goods and services, attracting businesses looking to expand their markets.

"Peru's growth has been achieved through macroeconomic stability and consistent policies to remove obstacles to foreign investment," González-Olaechea said, noting that the country has maintained economic and monetary stability for the past 25 years, which is unprecedented in the Latin America region.

The foreign minister also highlighted the country's robust banking system, emphasizing its solidity, competitive interest rates, and easy access to credit.

González-Olaechea stated that Peru's consistent efforts to remove obstacles to foreign investment are providing more and more business opportunities for foreign partners, adding that the welcoming characteristics of Peruvians would create a positive environment for international partnerships and investments.

Peru has one of the largest lithium deposits in the world, and the foreign minister emphasized the importance of investors who would build infrastructure and develop natural resources into actual assets.

Minister González-Olaechea concluded his speech by addressing the similarities between Koreans and Peruvians. "Koreans and Peruvians are much alike. They willingly sacrifice themselves to provide a better living environment for their children. The people of both countries make sure to keep their promises while cooperating to achieve a mutual goal," the minister said, underlining that if such characteristics are combined, Peru will surely become the land of opportunity for Korean investors.
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