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 2017 report, Korea was ranked the 4th easiest place
in the world to do business.
*Source: Doing Business Database
Affordable, reliable utilities
Korea’s power, water, and telecommunications infrastructures are among the best in the world.
Electricity is reasonably priced and reliable, while industrial-use water is also readily available from
regional sources in most cases. Mobile broadband service is available nationwide, as is same-day wired or
wireless service provisioning.
Electricity Rates in Major OECD Markets
Source: OECD/IEA "Energy Prices and Taxes 2Q 2014", 2013
Water Rates in Major OECD Markets
Source: OECD "Environment at a Glance 2015"
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.
Reduced the average patent examination period
to 11 months in 2014 versus 18.4 months in the
United States and 9.6 months in Japan in 2014.
Overhauled related laws and systems, stepped up
anticounterfeiting enforcement, and raised public
awareness of IPR.
- Launched IPR information and consulting services.
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.