Korea’s No.1 Industries : Korea is a global market leader in IT products, automobiles, chemicals, steel, and shipbuilding. Number One in the World Korea’s semiconductor, display, ICT, chemicals and steel industries rank no.1 in global competitivess. Korea is a global leader in a wide range of industrial sectors. Already, 246 Fortune 500 companies have entered Korea, and are working with local businesses to increase their global market share.

Number One in the World : Traditionally, Korea is a powerhouse in the manufacturing industry, with exceptional technological ability and production capacity. It maintains the world’s largest market share in high-tech manufacturing for semiconductors, smartphones and displays, and prides itself in being a top 10 nation in terms of manufacturing competitiveness

Heart of the Northeast Asia Value Chain : Korea’s largest companies, including Samsung Electronics, LG Electronics, and Hyundai Motor, are building global value chains centered in Northeast Asia as they export to and invest in China and Japan. At the same time, the electronics and automobile clusters they are creating are driving global growth in those industries. This is why investing in Korea, the center of Northeast Asia’s global value chain, is the most effective way to target China and other global markets.

Nurturing Korea’s New Industry : Korea is preparing for the industrial era of the future on a foundation of strong competitiveness in manufacturing and technological capabilities that meet or exceed global standards. It is to take pre-emptive response to the Fourth Industrial Revolution and take active measures to the paradigm shift of the industry. It continues to make bold investments and support in a long-term perspective. In 2018, the Ministry of Trade, Industry and Energy designated future vehicles, new businesses of energy industry, IoT-based home appliances, bio/healthcare and semiconductors/displays as projects for innovation and growth, and is preparing and pursuing a variety of promotional policies.

Korea is at the heart of Northeast Asia, one of the world’s top three economic regions.

Strategic location of Korea : The Northeast Asia, home to a fourth of the world’s population, generates about 25% of the global GDP. Within 2,000 km distance from Korea, a global market with 61 cities and 498 million consumers is located. China, Japan and Korea are the important business hub in Asia for the expansion of business.

Major cities within 3,000 km of Incheon International Airport : Located between China and Japan, the world’s second and third-largest economies, respectively, Korea is within a 3-hour flight distance from 147 cities with a population of more than 1 million. At Incheon International Airport, 83 airlines operate flights to 175 cities in 54 countries, including 13 Chinese airlines. Incheon International Airport’s total annual passenger traffic reached 68 million in 2018, up 10 percent from a year ago. As the port of Busan, a hub port in Korea, is located at the center of major sea routes, a total of 536 regular routes for container vessels pass through Busan, with 78 to China, 84 to Japan, 148 to Southeast Asia, and 75 to North Ameria. Through its ports in Incheon, Gwangyangman, and Saemanguem, Korea will emerge as the center of logistics for Northeast Asia as its logistics network is connected with that of Japan and the volume of Milk run (a round trip logistics that facilitates distribution or collection) with China increases.