Past Events

South Korea's highly competitive innovation sector and high-value-added industries have earned the country a reputation as a top global producer and innovation hub.

A panel of experts from Invest Korea and the Korea Information Society Development Institute (KISDI) highlighted the business opportunities in the country at a Chamber webinar on 23 September. Grace Park and Ju Hyeong Kim, Consultants at Invest Korea, updated members on the current business climate and shared a number of successful investment cases. Park said Korea’s FDI amounted to US$23.3 billion in 2019 and there are almost 15,000 foreign-invested companies in the country. Kim detailed the necessary procedures when investing in the country and provided a useful checklist, and also discussed the incentives available for foreign investors.

Bumjoon Park, Project Manager for Life Sciences at Invest Korea, introduced the country’s biopharmaceutical and healthcare industries. With strong and innovative healthcare technologies, Korea has been ranked second place in a global healthcare index, reflecting the excellence of its medical services and biopharmaceutical sector.

Yoonsuk Oh, Research Associate at KISDI, explained the country’s e-commerce to members to help them better understand the opportunities. She said turnover in online shopping transactions was more than US$1,100 billion in 2019, an increase of 18% from the previous year.