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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 2015 report, Korea was ranked the 4th easiest place
in the world to do business.

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

*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

(USD/MWh)

Japan 194 dollar
Germany 149 dollar
OECD Avg 122 dollar
Korea 82 dollar
USA 67 dollar

Source: OECD/IEA "Energy Prices and Taxes 2Q 2014", 2013

Water Rates in Major OECD Markets

(USD/m3)

Germany 2.91 dollar
Japan 1.48 dollar
USA 1.30 dollar
Korea 0.58 dollar
China 0.36 dollar

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.

Domestic initiatives

  • 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.

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.