South Korea

South Korea, a nation on the Korean peninsula, surrounded by the Yellow Sea, the East China Sea, and the Sea of Japan, has an economy is based on a diversified industrial base including high levels of public spending on research and development. This is only boosted by South Korea’s proximity to China, Vietnam, and India, countries with high rates of consumption which reflect their high populations. This has paved the way to the nation becoming a regional and international leader in electronics and electronics exports.

Foreign Direct Investment into South Korean plays a great role in the its economy and is ever-growing, reflecting investor interest in the diversified Korean economy. FDI into the country from 2010 to 2014 has more than doubled – from USD 5.4 billion, to 11.5 billion. This has been made easier over the years thanks to the nations increasingly flexible regulatory processes, including simplified procedures for FDI notification and registration, and tax incentives for companies in high-technology industries. The South Korean government provides various incentives for companies associated with the Small and Medium Business Association, provides foreign investors access to Research and Development Centers, cash grants for expansion, and preferential financial support for investment in major infrastructure projects.

Since 1997, until today, South Korea has made massive strides which only seem to be expanding exponentially. With a booming economy in the Asian region and strong trade ties both regionally and internationally, South Korea is a high-tech hub ripe with opportunity for a variety of company types in various industries. With a vibrant investment landscape and generous government incentives made simple.