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Ideal Business Climate

Korea provides an ideal environment for business success : world-class
infrastructure, intellectual property rights protection, high quality of life, FDI-friendly
government policies, one-stop investment services and more.

Business-friendly investment environment

In the World Bank’s Doing Business 2019 report, Korea was ranked the 5th easiest place
in the world to do business. Korea has been one of top 5 for five years in a row since 2014, continuously climbing up from the 23rd place in 2008.

2012 in 8th
2013 in 7th
2014 in 5th

*Source: Doing Business Database, 2019

Korea’s IPR protection efforts

Korea’s advances in the protection of intellectual property rights are the result of aggressive,
concerted efforts by the Korean government over many years.

The patent examination process has been streamlined, resulting in examination periods that are significantly
shorter than those of other developed nations, such as the United States and Japan.

This combination of robust IPR protection and speedy patent-related services is another reason
Korea is a safe and secure investment environment for foreign investors.

Domestic initiatives

  • Reduced the average patent examination period
    to 10.6 months versus 12.8 months in China and 17.3 months in the United States and 9.5 months in Japan in 2016.

  • Overhauled related laws and systems, stepped up
    anticounterfeiting enforcement, and raised public
    awareness of IPR.

  • Launched IPR information and consulting services.

* Source: KIPO 「IPR Statistics Collection」, 2018

International initiatives

  • Increased cooperation with the world’s largest
    intellectual property offices as part of the “IP5” joining the United States, Japan, China, and
    the European Union.

  • Launched an international patent registration
    system and stepped up foreign trademark
    protection in accordance with IPR treaties.