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. Bloomberg has ranked Korea's innovation at number one in Asia for seven consecutive years.
The country enjoys dominant global positions in a number of major industries, including consumer electronics and biotechnology, and has set goals to become a major player in several other areas, including smart-grid technology, the Internet of Things and robotics.
Despite the current global downturn, South Korea's economic outlook is relatively promising. The IMF ranked the country number one among OECD countries in terms of economic growth rate for 2020. Credit rating agencies such as Moody's and S&P continue to rate Korea's economy highly, maintaining the current national credit rating (AA). The country also possesses high consumption power – for example, among global branches of Costco and Ikea, the Korean outlets lead the world in sales volume.
The Chamber, with the support of KOTRA (Korea Trade-Investment Promotion Agency), has organized a webinar on 23 September to explore trade and investment opportunities in Korea. Members will not only learn about Korea's business environment, but will also gain an understanding of the investment opportunities in biotechnology and e-commerce.
Grace Park, Consultant at Invest Korea, will give members an overview of business opportunities in the country. Bumjoon Park, Project Manager for Life Sciences industry, will introduce Korea's biopharmaceutical and healthcare industry. Yoonsuk Oh, Research Associate at Korea Information Society Development Institute, will help members understand more about the e-commerce sectors in the country and let members know how they can participate in this promising field. An expert from Onestop Consulting Center will brief members on business set up and taxation, legal and labour considerations.
This is an invaluable opportunity to explore Korea's trade and investment climate – register now!
To minimize the risk of spreading the coronavirus, this informative session will be conducted in the format of a webinar. Upon successful registration, registrants will receive a confirmation email with a specific link to access the webinar on the event date.