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Overview

Korea has a well-established system for foreign direct investment (FDI) and provides various incentives to induce investment.

Foreign investment has grown together with the Korean economy

Since adopting the Foreign Investment Promotion Act (FIPA) in 1998, the Korean government has significantly deregulated and opened up the country’s investment market to foreign investors, launching a wide range of programs and efforts to attract foreign direct investment. In the early days, much of the policy focused on expanding the absolute quantity of capital from overseas by providing incentives proportional to the amount of investment. 

 

Over time, however, Korea's foreign investment policies have gradually evolved toward qualitative growth, particularly with respect to high-value-added industries that can enhance the global competitiveness and potential of the Korean economy and create more jobs. Korean policymakers are striving to make Korea one of the top 10 destinations of foreign investment in the world.

Making the leap to a more attractive investment destination

  • improving industrial structureDeveloping key industries
    Fostering convergence-based new industries
    Nurturing high value-added service industries
  • expansionary fiscal policyFiscal and policy financing expenditure over KRW 21 tr in Q1 2016
  • reducing economic uncertaintiesIncreasing flexibility of the labor market
    Developing the financial market