South Korea – Invest Korea

IKP 4F., 7 Heolleung-ro, Seocho-gu, Seoul, Korea


Location ID: HZHZ47
  • $400 Billion
  • Bedroom 1
  • 70 Million
  • Population
  • $31 846.00
  • GDP Per Capita
  • 10
  • Sq Ft



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.

Korea to Eurasia : As Arctic shipping routes open up, Korea is poised to become a logistics hub for the greater Eurasia region. The polar route running from Busan through Vladivostok and on to Rotterdam is expected to reduce the travel distance by 7,000 km, shipping time by more than 10 days, and shipping rates by more than 15%.

Forms of foreign direct investment : Foreign direct investment (FDI) refers to foreigners’ acquisition of the stocks or shares of a Korean company in order to build lasting economic relations, and generally involves participation in management or technology transfer.

  • Forms of foreign direct investment : Acquisition of the stocks or shares of a domestic company
  • Contribution to a Non-Profit Organization (NPO)
  • Long-term loans

Foreign Investment Promotion Act : The Foreign Investment Promotion Act is designed to facilitate foreign investment by supporting foreign investment and enhancing investors’ convenience. The Foreign Investment Promotion Act serves as the basic law for foreign investment, and its subordinate statutes include the Enforcement Decree of the Foreign Investment Promotion Act and the Enforcement Rule of the Foreign Investment Promotion Act, which prescribe matters delegated by the Foreign Investment Promotion Act and matters necessary for the enforcement thereof, and the Regulations on Foreign Investment and Technology Introduction.

FDI incentives : Forms of FDI incentives TAX SUPPORT : Most of the FDI incentives offered by the Korean government are provided via tax support.

  • Corporate tax and income tax reduction (if submitted the application by 31 Dec 2018)
  • Local tax (acquisition tax,property tax) reduction
  • Exemption from customs duties,etc.

Cash Grant : For foreign investments that satisfy certain conditions, the central and local governments of Korea may provide cash grants.

  • Land purchase expense
  • Lease expense
  • Employment/education/training subsidy

Industrial site support : Korea leases land to foreign-invested companies that meet specific requirements at a reasonable rate or for free.

  • Location support
  • Subsidy for difference of sale price
  • Rent reduced∙subsidized
  • Other support

FDI PROCEDURES : Foreign investment procedures : Foreign investment procedures consist of the following: foreign investment notification, remittance of investment funds,registration of incorporation & business, and registration of foreign-invested company.

이미지 확대보기

Follow-up management of foreign investment : When changes occur in the shareholdings or the company name after registration of a foreign-invested company, the changes should be registered. When there is a cause for cancellation of registration, registration shall be cancelled by the authority of the Ministry of Trade, Industry and Energy, or the head of the entrusted organization.

The ROK National Assembly website provides a list of laws pertaining to foreigners, including FIPA, in English http://korea.assembly.go.kr/res/low_03_list.jsp?boardid=1000000037

Key Documents

South Korea - Korea Doing Business 2020
South Korea - Korea's 5G Industry
South Korea - 2020 WBG-Korea-Connecting-Innovation-and-Development
South Korea - The Continued Rise of South Korean Private Equity Report
South Korea - 2019 World Bank Korea Annual Report
South Korea - South Koreas Response to the Covid-19 Pandemic Final - McKinsey
South Korea - 2018 OECD Survey of South Korea
South Korea - 2020 WBG-Korea-Connecting-Innovation-and-Development
South Korea - World Bank & Republic of Korea 60 Years of Partnership
South Korea - World Bank Group Korea Office Newsletter Dec 2019
South Korea - World Investment Report 2020
  • Address IKP 4F., 7 Heolleung-ro, Seocho-gu, Seoul, Korea
  • Zip/Postal Code 1001IKP 4F., 7 Heolleung-ro, Seocho-gu,
  • Country South Korea


Updated on February 9, 2021 at 5:35 pm
  • Location ID: HZHZ47
  • Location Size 1: 10 Sq Ft
  • Bedroom 1: $400 Billion
  • Population: 70 Million
  • GDP Per Capita: $31 846.00
  • Garage Size: 200 SqFt
  • FDI Location : Country

Additional details

  • World Bank’s Doing Business Report 2019 : 5 of 190
  • Corruption Perceptions Index 2019 : 39 of 180
  • Global Innovation Index 2019 : 11 of 126
  • Minerals : Gold, Chrome, Coal, Lithium,
  • Technology : Ai, Robotics , Cyber Security ,
  • Mining: Gold, Coal, Uranium, Lithium
  • Recent Major Investment : $ 1,5 Billion mobile phone plant
  • Recent Major Investment : USD$ 2 Billion lithium battery plant
  • Planned Major Investment : $ 5 Billion Electric Vehicle plant
  • Planned Major Investment : $1 Billion Autonomous vehicle project
  • Planned Post Covid Stimulus : $75 Billion

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