Iraqi PM pushes to attract South Korean investment in automotive, electronics

BAGHDAD, Iraq — Iraqi Prime Minister Mohammed Shia' al-Sudani's media office said the premier met South Korean Ambassador Lee Jun-il in Baghdad and stressed his government's commitment to drawing South Korean investment into Iraq. The ambassador delivered a congratulatory letter from South Korean President Lee Jae-myung on the formation of Sudani's new government, according to the readout. The letter, presented during the meeting, called for strengthening bilateral ties and partnership, safeguarding mutual interests, and supporting Iraq as it works through current international economic challenges, the statement said. The two sides discussed ways to expand cooperation in investment, energy and technology. Sudani called for increased South Korean investment in sectors where South Korean firms have established experience and where the Iraqi market has clear needs, notably the automotive and electronics industries. He also outlined government measures aimed at improving the investment climate and advancing economic reforms, describing them as facilities and opportunities offered to investors. No specific deals or project announcements were disclosed, and details on next steps were not immediately provided.