As Macao marks 25 years since its return to China in 2024, the Macao Special Administrative Region (SAR) celebrates significant strides toward economic diversification. In an exclusive conversation, South Korean entrepreneur Kim Yong-jin shares his optimistic outlook on Macao’s future.
Kim, who operates two businesses in the Macao SAR, credits the region’s robust economic environment and strategic location as key factors driving his success. “Macao's entrepreneurial environment is friendly to foreigners. I have received a lot of support from the Macao SAR government,” he explains.
The development of the Greater Bay Area (GBA) has been instrumental in fostering a diversified economy in Macao. Kim believes that the GBA’s growth will further enhance Macao’s appeal to international businesses. “Macao has a convenient geographical location and an excellent business environment for overseas companies,” he adds.
Over the past quarter-century, Macao has made steady progress in reducing its economic reliance on the gaming industry. The supportive policies and incentives from the Macao SAR government have attracted entrepreneurs and investors from around the globe, contributing to a more resilient and varied economic landscape.
As Macao continues to evolve, stories like Kim’s underscore the region’s potential as a thriving hub for international business and innovation. With ongoing support and strategic initiatives, Macao is poised to maintain its upward trajectory in the global economy.
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South Korean entrepreneur says Macao's economy supported by GBA
cgtn.com
