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 2018 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.

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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.

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Residence information

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 18.5 months in 2010 versus 25.8 months in the United States and 29.1 months in Japan in 2009.
  • 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.

Intellectual Property Rights