New Service Introduction
Business Consulting Center(BCC) Korea
April, 2018 Dr. Sung-Bin Yoon, Simon lee
Table of Contents
Why Korea
Why Invest in Korea? According to a survey of 3,410 foreign companies, it was revealed that market penetration and growth potential of the market were the most attractive factors for FDI in Korea
The reason why invest in Korea?
Why Invest in Korea? 39.5
15.1 10.9 7.7 4.5
Local market penetration
Market growth potential
Global network
Innovative environment
Source) KOTRA(Korea Trade-Investment Promotion Agency), FDI Survey 2017
High-quality manpower
3.5
3.2
Productivity efficiency
Govornment Incentives
Attractiveness of Korea
1
Strategic location
• Located between China and Japan, A gateway to Northeast Asia • Within a 3-hour flight distance from 147 cities with a population of more than 1 million
2
Presence of global firms
• There are Korean firms leading global industries in the areas of mobile devices, appliances, chips, displays, bio fields and the arts. • Foreign firms supply their products to Samsung, LG, SK and Hyundai.
3
Smart consumer market
• As Korean consumers are very sophisticated, many companies choose Korea as a test-bed market. Fashion, beauty care and tech firms tap the Korean market before launching new products across Asia
4
Advancement in ICT
• In 2015, Korea was ranked first in the International Telecommunication Union’s annual ICT Development Index (IDI). Korea is active in ICT convergence across different industries such as bio, finance, logistics, tourism and culture.
New Trend of FDI Korea
Foreign direct investment to South Korea hit an all-time high of US$ 23 billion in 2017, up 7.7-percent from the previous year.
It is mainly due to the increase in tech investment related to the so-called 'Fourth Industrial Revolution' such as auto parts, drones, new materials, secondary batteries and robots. In addition, rising investments in the services sector such as real estate as well as wholesale and retail sales contributed to the surge of FDI. A lot of FDI was made in areas where advanced foreign technology was mixed with Korea’s great IT infrastructure such as big data, fintech and mobile platforms. By country, the United States’ FDI in Korea inflated 21.5% to US$7.06 billion, while Japan 47.9% to US$1.84 billion. In particular, the UAE reported an investment of US$1.01 billion in a hotel and convention center in Gangwon Province in the fourth quarter.
Table of Contents
Korea’s New Industries
Mega Trend of Korea Industries With the wave of 4th Industrial Revolution, mega trend of Korea industries are summarized as 3S 1P (Smart, Servitization, Sustainable and Platform) 3S 1P
1
2
Smart Servitization
3
Sustainable
4
Platform
Trends New technologies such as IoT, Big data, AI and etc.
It makes all the things and human connected and intelligent Smart factory, smart home, smart city, and etc.
From product to combination(product + service) or service oriented Service as differentiated advantage and value creation Car makers are adopting mobility service (smart car service)
Global environment regulations are tightening It promotes environment friendly innovation (ex. energy efficiency) Green tech and new materials are emerging as new industry
Connection and integration of product/service can create new value IoT and AI are used for establishing platform business
Emerging New Industries Servitization
Sustainable
Platform
Self driving car
Mobility service
Electric Vehicle
EV OS
Electric Vehicle
Shipbuilding
Smart shipbuilding yard
Renovation/Repair/ Design
LNG ship
Ship to Shore
Smart Green Ship
Electronics
IoT electronics
O2O service
Energy demand management
Smart home
IoT Electronics
Machinery
Manufacturing robot
Service robot
Smart factory
Smart
System
Automotive
Integrated operation
Robot
Digital healthcare
Bio healthcare
Pharma/Medical
Medical device
Medical big data
Aviation
High tech plane
Surveilance /Agri service
Logistics, Ocean manag’t
Service convergence
Aviation Drone
Medical, fashon
Agri food
Mobile shopping
Premium consumer product
ESS service
Renewable energy
Eco-energy town
Energy new industry
Consumer product
Material/component
Remote medical service
New Industry focus
Customized cosmetics
Energy Industry
Smart meter
Steel/Petrochem/Fiber
Smart steel mill
Contents
High tech New materials
Ultra light materials
Device simulator Medical experience service
Display
Flexible OLED
Medical/VR Demand related
Semiconductor
Intelligence semi
Consigned Design, Foundry
Test/Education/ Training Eco-Signage Low power semiconductor
Convergence business
AR/VR Next generation Display Next generation semiconductor
Table of Contents
BCC Services
Our Services
Investment Environment Analysis Market Research and Strategy Feasibility Study Business Plan (summit to local authorities) Deal sourcing & Due diligence (for M&A, any transaction) Brokerage, Agency, Partner matching
Our Team
Name Career
Simon lee(Zhang Dong)
Name
Director of QYResearch
Career
Partner of Business Consulting Center at QYR 15 Years Market Survey and Research Know well of China US market
Sung-Bin Yoon, ph.d Partner of Business Consulting Center at QYR Managing Director of InnoResearch Global L.C. Adjunct Professor of Seoul School of Integrated Sciences & Technologies
Former consultant of KPMG Korea
Our Team
Name Career
Mark Liu
Name
Director of QYResearch USA
Career
Partner of Business Consulting Center at QYR 5 Years Market Survey and Research Know well of US market
Tang Xin Partner of Business Consulting Center at QYR Managing Director of QYResearch Japan. 25 Years market research Know well of Japan market
Office Locations South Korea Office (Local name : InnoResearch Global LC) Address : 7th floor, 25, Mapo-daero, Mapo-gu, Seoul, 04167, Korea(Republic of) Phone : +82-10-7551-1278 U.S.A Office Address : 17890 Castleton Street Suite 218 City of Industry CA 91748 United States Phone : +1-626-295-2442
China Office Address : Room 1506 Blog B U-Center Building No.28 Chengfu Road Haidian District Beijing 100083 China Phone : +86-2086655165
Japan Office Address : Ginza wall building 5F, 6-13-16, Ginza, Chuo-ku, Tokyo, 104-0061, Japan Phone : +86-9038009273
Contact Business Consulting Center at QYR U.S.A. Office Mark Liu Tel:+1-6262952442 E-mail:liujunjie@qyresearch.com China Office Simon Lee(Zhang Dong) Tel : +86-1082945717 E-mail : zhangdong@qyresearch.com South Korea Office Sung-Bin Yoon, Ph. D Tel : +82-10-7551-1278 E-mail : yoon@innoresearch.co.kr Japan office Tang Xin Tel:+81-9038009273 E-mail:tangxin@qyresearch.com