Lee calls claims of pressuring firms into regional investments ‘outdated’

President Lee Jae Myung on Thursday dismissed claims that the government had pressured companies into making large-scale regional investments as "outdated," stressing that companies invest where it makes the most economic sense.

Speaking in Asan, South Chungcheong Province, Lee also pushed back against criticism that the government's regional development drive amounted to handing out "gifts" to certain areas.

Such investments, he added, should not be viewed as competition among regions.

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