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Survey on Foreign-Invested Companies in Korea Released by MKE
Date
2013.02.28
Foreign-Invested Companies Responsible for 6.2% of Employment, 18.1% of Exports and 14.7% of Sales as of Late 2011

□ According to a survey on the management of foreign invested-companies in Korea, released by the Ministry of Knowledge Economy (MKE) Wednesday, the number of foreign-invested companies in Korea stood at 14,809 as of the late 2011. They were reported to have created 501,000 jobs and recorded UDS 100.7 billion of exports, 1.9 trillion won of R&D investment in the manufacturing sector, 48.2 trillion won of sales in 2011. They were responsible for 6.2 percent of domestic employment (6.0% in 2010), 18.1 percent of exports (19.8% in 2010) and 14.7 percent of sales (13.6% in 2010).

ㅇ The number of jobs created by foreign-invested companies rose 17,000 from 484,000 to 501,000. The manufacturing sector, in particular, posted the strong gain of 22,794 from 247,487 to 270,281.
ㅇ Exports of foreign-invested companies posted a YoY increase of USD 8.4 billion to USD 100.7 billion.
ㅇ R&D investment in the manufacturing sector by foreign-invested companies recorded a YoY increase of 530 billion won to 1.9 trillion won.
ㅇ Sales of foreign invested companies showed a YoY increase of 20 percent to 48.2 billion won.

Source: The Ministry of Knowledge Economy (Feb. 27. 2013)

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