2012 koreafdi eng 20120803

Korea, Your Wise & Profitable Choice Korea: A Breeding Ground for Success Investment Environment & Opportunities

English June 2012

Where Opportunities Await Korea, Your Wise & Profitable Choice

Investment Environment & Opportunities

Destination Success: Korea A Country of Advantages & Opportunities Five millennia of history and culture. Rapid economic development. Democratization in the last 60 years. This is Korea - a country that has seized and flourished upon opportunities and now offers foreign investors opportunities to grow and succeed together.

Boasting high purchasing power and sophisticated customers, the Korean market is filled with talented human resources, innovative technologies, world-changing industries and advanced transportation and logistics networks. Our geographical advantage of neighboring the major markets of China and Japan offers yet more possibilities. Most importantly, Korea is prepared to support your success. Our government has business-friendly policies, and we’ve got a support system to make sure you’re working in an ideal investment environment.

So come to Korea. The opportunities await.

“Korea, which has intellect and passion, can’t help but succeed.”

KOREA at a Glance Official Name

• ‌Warren Buffet, Chairman of Berkshire Hathaway

Capital

Republic of Korea Seoul

Area

About 100,000 km2

Population

49,779,000 (2011)

Official Language

Korean

Illiteracy

0% (20-40 age group)

“Korea is the only case in which a foreign aid recipient has turned into a foreign aid donor.”

Religions

Buddhists: 22.8%; Protestants: 18.3%; Catholics: 10.9%; Won Buddhists: 0.3% (as of 2005)

Climate

Continental climate with four distinct seasons

• Bill Gates, Founder of Microsoft

Time Zone Political Structure

“If you make the best use of Korea’s human resources, which have a tremendous focus on their work and high labor productivity, you can build up a huge empire.”

• ‌ Jon Huntsman Sr., Founder & Chairman of Huntsman Corporation

GMT + 9 hours Presidential system in a democratic republic

Economy

GDP: US$1.16 trillion (2011)

Currency

KRW

Major Industries

IT, electronics, semiconductor, automobile, shipbuilding, steel-making & petrochemical

Market 8 Reasons to Choose Korea Market of Opportunities

50 million Population

The Korean Market

With a population of about 50 million and GDP in the range of US$1.16 trillion as of 2011, Korea has a huge market. Its GDP per capita is $22,778, and the population has very strong purchasing power. In fact, the high-end Korean market is recognized as the global trend-setter. Its response to new products affects many companies’ marketing strategies for not only China, Japan and ASEAN member nations, but also for Europe and other parts of the world.

$1.16 trillion GDP (2011)

Korea’s Neighboring Markets Northeast Asia has now become one of the three global economic pillars, along with the United States and Europe. Geographically, Korea is situated at the center of air and maritime transportation networks in Northeast Asia. There are 61 cities with a population of more than 1 million within a 3-hour flight from Seoul. Also, Korea, Japan and China boast a combined GDP of about $14 trillion. Their total population exceeds 1.52 billion, or 22% of the global population, and their trade volume is $5.32 trillion, or 17.6% of total world trade.

Korea’s FTA Markets Korea has signed free trade agreements with the EU and the U.S., and they went into effect in 2011 and 2012, respectively. As of June 2012, Korea has signed FTAs with 45 countries including ASEAN, the European Free Trade Association (EFTA), India and Peru, while FTA negotiations between Korea and China are underway. The economies of the countries with which Korea has signed FTAs account for 61% of the total global economy and are home to 36.2% of the world’s population.

Korea’s Global FTA Network

w/45 countries

In effect

Concluded

Underway

Investment Environment & Opportunities

FTA

On the agenda

Source: Ministry of Foreign Affairs and Trade, Korea (as of June 2012)

06 07

Growing An Ever-Growing Nation

9

th

Largest trading nation

144

A Country with Dynamic Energy

Just 60 years ago, Korea was a country devastated by war and poverty. The elements that have made Korea a key player in the international economy include aid from the international community, Koreans’ devotion to work, the steady efforts of successive governments to open up its economy and corporate efforts to innovate and enhance their international competitiveness. Between 1970 and 2011, Korea’s GDP grew by more than 144 times, from $8.1 billion to $1.16 trillion. Between 1961 and 2011, Korea’s GDP per capita grew by more than 280 times, from $82 to $22,778. So far this millenium, Korea has achieved an average annual economic growth rate of about 4.5% and maintained strong economic vibrancy.

Growth of Korea’s GDP

-Fold growth from 1970 to 2011

(Unit: US$ billion)

8.1

63.8

263.8

533.4

1,014.5

1,163.8

1970

1980

1990

2000

2010

2011

Source: OECD

Growth of Korea’s International Trade

9th 12th

12th

Global Ranking

66th

Trade Volume

$545.6 billion

$200 million

$11.3 billion

$112.5 billion

1948

1974

1988

2005

2011

Rising in the International Community The Seoul Summer Olympic Games in 1988 helped Korea become known worldwide. In 2002, Korea co-hosted the World Cup with Japan. And in 2018, Korea will play host to the Winter Olympics. All of these are indications that Korea has emerged as an important player in the international community. Korea also held the 2010 G-20 Summit in November of 2010, leading discourse about global political and economic issues. In the same year, Korea joined the OECD DAC (Development Assistance Committee), becoming the first country to go from being a foreign aid recipient to an aid donor.

1

st

Aid-recipient nation to become an aid donor

Investment Environment & Opportunities

$1.08 trillion

34th

08 09

People A Driven People

Global Talents

Koreans are famous for their passion for education. Korea’s illiteracy rate was 1.7% as of 2008. Every year, approximately 470,000 college graduates join the workforce. In the spring of 2012, Korea’s college entrance rate was 72.5%, the highest in the OECD. The country’s college graduation rate in the 25-34 age group is 63%.

470,000 Number of college graduates who join the workforce annually

63%

College graduation rate

Such a strong passion for education in a stable educational system explains Korea’s continuous supply of high-quality human resources, which in turn enhance the competitiveness of companies and help them constantly innovate.

College Graduation Rate - OECD Top 5

Engineering College Graduates - OECD Top 5 (of every 100,000 people)

(age 25-34 in 2011)

63%

56%

56%

48%

47%

3,555

2,987

2,717

2,384

2,380

Korea

Canada

Japan

Ireland

New Zealand

Korea

New Zealand

France

Finland

U.K

Korea’s Global Human Assets and Their Self-Development As of 2011, the number of Korean students overseas stood at 289,288. The Korean student communities in the U.S.A., China and Japan are among the largest in those countries.

Productive People Koreans are diligent and faithful to their work. Their average annual working hours as of 2010 were 2,193, the highest among OECD countries. The labor productivity improvement rate as of 2010 was 6.4%, the highest in the OECD.

289,288 Korean students overseas

6.4%

Labor productivity improvement rate as of 2010

Labor Productivity Improvement Rate - OECD Top 5 (%, 2010) 6.4

5.8

5.4

5.3

4.3

CEO COMMENT “Korean workers are diligent and flexible. Most Koreans are well educated and reliable. They play a significant role in our successful business in Korea.“

Korea

Slovenia

Estonia

Chile

Poland

Source: OECD (http://stats.oecd.org), 2011 National Competitiveness Report Korea

Investment Environment & Opportunities

Koreans engaged in lifelong education are estimated at 27 million, more than half of the total population.

Most notably, 41.7% of the workforce work and study at the same time to obtain certificates, study a foreign language, earn an MBA or other master’s degree and other varied reasons.

Andre Nothomb, President of Solvay Korea

10 11

Innovation Innovating the World

Enterprises and Society Pursuing Innovation

According to Cologne Institute for Economic Research, Korea ranks third in terms of technological innovation, after Finland and Switzerland. Such an innovation-oriented social and corporate atmosphere leads to attractive results for foreign companies in Korea.

National Technology Innovation Index 66

61

Finland Switzerland

59

56

54

52

52

49

47

Korea

Canada

Germany

France

Australia

Japan

USA

Source: Cologne Institute for Economic Research (2012)

5.7% of the World’s Patent Applications Filed by Korea According to a report by WIPO (World Intellectual Property Organization), the number of Korea’s PCT (Patent Cooperation Treaty) applications in 2011 stood at 10,447, i.e., 5.7% of the cases in the world (181,900). Korea ranked fifth in terms of PCT applications after the USA, Japan, Germany and China in 2011.

High Rate of R&D Investment

Increase in Korea’s R&D personnel 8.3

R&D Ratio to GDP

3.4

3.3

6.2

2.9

2.8

2.2

1.9

1.7

6.7

4.9 159,973 2000

189,888 2002

10.7

9.7

209,979

2004

256,598

2006

300,050

2008

354,914

2010

Technological innovation

10,447 PCT applications

Investment Environment & Opportunities

Of the top seven countries that invest heavily in R&D, Korea is number one in terms of the ratio of R&D investment to GDP. Because of Korea’s favorable conditions for R&D, a number of global companies have set up their R&D centers here. Such centers include the Microsoft Mobile Innovation Lab, IBM Ubiquitous Computing Laboratory, Google Engineering R&D Center, Kimberly-Clark Innovation Center Asia, Siemens Medical Research & Development Center, Dupont Nano R&D Center and Institut Pasteur Korea, a worldfamous biotech research institute that opened in Korea in 2004 and has been very active in R&D. Ratio of R&D Investment to GDP of Top 7 Countries in 2009 (%)

3

rd

Number of researchers

Korea Japan USA Germany France U.K. Source: Science and Engineering Indicators, 2012

China

Number of researchers for every 1,000 economically active members of the population

Source: National Science & Technology Council, Korea (2011)

12 13

POWERHOUSE INDUSTRIES

Competitive Industries Korea has a number of global companies in various industries including the electricity and electronics, automobile, chemical, steelmaking, shipbuilding and IT industries. Samsung Electronics, LG Electronics, Hyundai Motor Company, Kia Motors, POSCO and SK Telecom are a few of Korea’s world-famous companies.

CEO COMMENT “Korea is a successful country in that it ranks among the 13 economic powers of the world and has worldclass brands in the semiconductor, memory, LCD, flat screen, TV, shipbuilding and steel-making industries. The country’s industries range from food to petrochemicals.

For a company like ours, a gas producer, Korea is a country that offers a very attractive business environment. Our company has succeeded in many areas in Korea and I believe we will do so in the future, too.”

Investment Environment & Opportunities

Powerhouse Industries

Brett Kimber, President of Linde Korea

14 15

Automobile Industry

IT Industry

Korea’s auto industry produced a total of 4.66 million vehicles in 2011, ranking fifth in the world. About 1.5 million vehicles are sold each year in Korea, including about 100,000 imported cars. Hyundai, Kia, General Motors, Renault Samsung and Ssangyong are the major automobile manufacturers in Korea. Notably, Hyundai and Kia have established car factories in several foreign countries as well.

Production & Sales of Domestic Car Manufacturers, 2011

IT Industry Production

Market Share of Major IT Products in the World(%)

(Unit: 1,000 cars)

18,419 8,646

8,399

6,304

4,658

3,940

3,406

No. of Employees

Production Dom Overseas

57,068

1,892 2,182

Domestic sales

Turnover

SW 684

(Unit: US$ billion)

ICT Device

38.6

22.8

23.8 23.7

22.0

32,411 17,000

China

Japan

USA Germany Korea

India

Brazil

1,584

526

810

493 141

25 14.2

4,318

40

39

1.9

7,563

244

109

4.5

Thousand Cars

US$ billion

180.5

205.0

63.1

62.9

68.2

66.7

54.3 51.2

50.9

52.0

51.7

51.1

54.0

53.6

31.3

30.2

29.9

28.5

26.9

28.3

28.9

2.3

2.8

2.9

3.2

3.3

3.5

4.1

20.4

18.7 Dom Overseas

22.3

61.7

55.9

220.2

255.7 205.4

249.4

184.5

2005 2006 2007 2008 2009 Source: National IT Industry Promotion Agency

2010

2011

‘10.1Q 2Q 3Q 4Q ‘11.1Q 2Q 3Q LCD panel Mobile phone Semiconductor Dram Source: Dram iSuppli, mobile phone, smartphone SA, PDP & LCD, LCD panel display search 2011.10~11.

Investment Environment & Opportunities

Top 7 Automobile Manufacturers in the World, 2011

Korea’s IT industry reached a production volume of $271.7 billion in 2011. The previous year, exports of semiconductors and display panels had increased by 60%, growing 36% from the same period a year earlier. And the trend continued in 2011.

Concurrently, increased demand for smartphones, smart TVs and tablet PCs led to a 9.4% growth rate in the related parts and materials industry. Also, the IT industry’s exports increased by 2.0% from the previous year, reaching $156.6 billion in 2011 and an all-time high for two straight years.

16 17

Display Industry

Semiconductor Industry

Korea’s display industry rolled out $365 billion worth of goods in 2011, recording a market share of 47.1% in the global market. In the year 2000, Korea’s LCD production stood at 11 million units, while that of Japan amounted to 15 million units.

Just ten years later, in 2010, Japan produced 40 million displays while Korea rolled out 330 million, or eight times more than Japan. In 2011, Korea’s market share of large LCD panels in the global market exceeded 51% and OLED TVs, 87%, achieving the number one position in the world for the second consecutive year.

40.2

46.5

Market Share of Major Countries in Global Display Panel Market(%) 45.6

47.1

2007

36.46

2008

36.43

2009

39.44

2010

Unit: US$ billion

Large LCD panel market

38.4

41.33

Current Status and Outlook of Global Semiconductor Market

50.7

49.4

52.0

35.1

35.4

32.6

52.9

31.8

51.1

53.1

53.2

55.0

35.2

34.9

33.4

31.3

Major Global DRAM Suppliers’ Market Shares Based on turnover (Unit: %) 30.2

36.55

328

12.2

13.1

13.0

11.3

8.6

10.0

9.7

‘10.1Q

2Q

3Q

4Q

‘11.1Q

2Q

3Q

4Q

310.2

Source: Korea Display Industry Association & National IT Industry Promotion Agency

Korea

Taiwan

Japan

China

11.3

302.3

12.6 Micron (USA)

298.3 2010

Source: DisplaySearch (2012.2)

ELPIDA Memory, Inc (Japan) 16.2

19.4 15.3

2011

Display Output (Unit: US$ billion) Display Market Share (%)

21.5

SK Hynix (Korea) 11.8

2011

2012

2013

Source: WSTS (World Semiconductor Trade Statistics)

37.5 Samsung Electronics (Korea)

NANYA Plastic Corporation (Taiwan) 4.3

4.3

2008

Investment Environment & Opportunities

Status of Display Industry

The global market for semiconductors in 2012 was estimated to be worth $310 billion. Korean companies maintain particularly high competitiveness in the area of DRAM, with its current market share standing at 65.7%. In addition to semiconductor memories, the competitiveness of Korean companies is also improving in the field of system semiconductors and discrete devices. Samsung Electronics and SK Hynix are exerting considerable market power in the global arena thanks to their high competitiveness in semiconductor memories.

2009

2010

18 19

The Chemical Industry

New & Renewable Energy Industry

Korea’s chemical industry produced 3.4% of the world’s output, or $138.7 billion, in 2010, and is the world’s sixth largest producer. The Korean industry’s major trading partners are such Asian countries as China and Japan. Asia accounts for 45% of the global production. As Korea’s FTAs with the EU and USA have taken effect, chemicals produced in Korea can be shipped to these areas tariff-free. Recently, global chemical companies have expanded their presence in Korea particularly in the area of high-end chemicals as well as R&D. Of the world’s top 25 chemical producers, 21 companies including LG Chemical and SK Energy are producing in Korea.

In 2004, Korea’s new and renewable energy (NRE) industry produced $120 million worth of goods. Just six years later, in 2010, the figure jumped to $6.99 billion, exhibiting a 58-fold increase in growth. The number of companies engaged in the industry is also on the rise. The Korean government is aiming to occupy a global market share of over 15% in this industry.

Global Chemical Industry Output

Korea’s Major Trading Partners

(Unit: US$ billion)

Korea’s Exports to Four Major Countries

Korea’s Solar Industry Output

(Unit: US$ million)

Korea’s Wind Industry Output

(Unit: US$ million)

6,990

(Unit: US$ million)

5,111

1,231

Korea’s Imports From Four Major Countries 928

903.4 (21.9%) 720.0 (17.5%)

Japan 5,039,946

China 1,840,178

China

United Japan Germany Brazil States

1,340

USA 2,330,377 138.7 (3.4%)

137.3 (3.3%)

Korea France

125.3 105.1 (3.0%) (2.5%)

India

Source: American Chemistry Council Report 2011

Italy

EU 410,076

93.5 (2.3%) United Kingdom

China 1,330,526

666 484

1,452

Japan 906,479 228.8 (5.5%) 149.6 (3.6%)

2,444

3,720 3,060

EU 3,722,137 338.2 (8.2%)

1,010

120

270

2004

2005

760

174

475

Investment Environment & Opportunities

Turnover of Korea’s New & Renewable Energy Industry

USA 373,202 ‘00

‘05

‘06

‘07

‘08

‘09

‘10

Source: Korea Customs Service

‘00

‘05

‘06

‘07

‘08

‘09

‘10

2006

2007

2008

2009

2010

2006

2007

2008

2009

2010

2006

2007

2008

2009

2010

Source: Ministry of Knowledge Economy

20 21

An Easy Place to Do Business Ease of Doing Business

by World Bank

8th

(2012)

16th (2011)

19th (2010)

22nd (2008)

rd

23

(2009)

Korea is the 8th easiest place in the world to do business, according to the World Bank’s Doing Business 2012 study, and 3rd in East Asia.

Incheon International Airport

Korea’s Transportation Network

As a peninsula country, Korea has a number of modern sea ports including Busan, Incheon, Gwangyang, Pyeongtaek/Dangjin, Daesan, Gunsan, Mokpo, Jeju, Masan and Ulsan. The port of Busan, the largest in Korea, lies on a major global shipping route linking Korea to North America, Asia, the Middle East, Europe and Latin America. As of 2011, Busan was the fifth largest container port in the world, with a handling volume of about 16.17 million TEUs (Twenty-foot Equivalent Unit) per year.

Korea is a well-connected country in terms of railways and road networks. The Korea Train Express, or KTX, is the world’s fifth bullet train system and can reach the farthest point in the country within three hours. KTX has increased Korea’s passenger transportation capacity by 340% and its cargo transportation capacity by 770%. Besides KTX, Korea has 29 highways and wellmaintained national and regional roads running across the country.

Investment Environment & Opportunities

The international competitiveness of Korea’s logistics infrastructure is showing continuous improvement. According to an evaluation of global airports’ services conducted by the Airports Council International, Incheon International Airport has been ranked the best airport in the world for seven consecutive years. Its fast and meticulous cargo-handling system and simplified customs clearance process help make it the best airport in the world.

22 23

Electricity, Water Supply, Gas & Telecommunications

Government Broadband Index (gBBi) Korea ranked 1st globally in the Government Broadband Index in 2011. The index shows a country’s competitiveness in the nextgeneration, high-speed broadband telecommunications network. Korea received 4.4 points, out of a maximum possible score of 5, followed by Japan (4.3 / 2nd place) and Singapore (4.2 / 3rd place). * ‌ Korea’s high score means that its telecommunication network is wider and faster, its regulatory obstacles minimal and its fiscal burden in accomplishing its goals lower.

Comparison of Electricity Prices in Major Asian Economies (Unit: US$/kwh)

0.06

0.12

0.2

0.11

0.24

Korea

Hong Kong

Singapore

China

Japan

4.4

4.3

4.2

4.1

4.1

4.0

3.9

Korea

Japan

Singapore

Sweden

Finland

Estonia

France

Investment Environment & Opportunities

Korea’s electricity supply is well known for being highly affordable and stable, and citizen satisfaction with “city gas” is very high.

The supply of industrial water and potable water is highly stable as well. Plus Korea’s high connectivity ensures that you can get connected within 24 hours wherever you are and whatever kind of service you need, whether it’s wired, mobile or high-speed Internet services.

Source: Economist Intelligence Unit

24 25

MAKE YOURSELF AT HOME IN KOREA Investment Environment & Opportunities

Make Yourself at Home in Korea

26 27

Make Yourself at Home in Korea Safe Streets and Exciting Shopping

Culture & Leisure Life

Korea’s public security is very highly regarded among the international community. It is safe to walk around at night, and there are plenty of places to shop, including department stores, discount stores, brand-name shops and traditional markets, some of which are open 24 hours a day.

Korea features a well-integrated cultural life drawing on the best from Korean and Western cultures. Traditional cultural performances are available in many theaters and performance facilities. Movies, local or foreign, are popular in Korea, so there is a multitude of big screens throughout the nation. World-class musicals and operas are performed in many places, particularly in Seoul. Culturally, Korea offers a more varied and rich experience than most countries. Foreign residents engage in diverse recreational and sports activities in Korea and also join clubs, which are very common in Korea and can be found easily online, including clubs for Latin dance, musical instruments, hiking, you name it. You can also relax or bike in one of Korea’s many parks or along the rivers across the country, such as the Han River in Seoul, which is a great place to sail. Almost any hobby or sport can be enjoyed in Korea.

Convenient Transportation Korean cities feature well-developed, cheap and convenient mass transportation. Subways are available in many metropolitan cities and buses run to almost all corners of Korea. In addition, because the fair calculation system between different carriers is well established, most cities offer the public significant transfer discounts between all types of mass transportation.

Easy Access to High-Quality Medical Care Because Korea offers world-class medical care at low prices, the number of people who come from the U.S., China and Southeast Asia, in particular, to receive medical care is rising steadily each year. Across the country, private clinics offer first-class medical services even in small towns. There are a great number of general hospitals in many cities across the country where foreigners don’t have to worry about the language barrier.

So far, 52 foreign and international schools have been established in Korea, including 26 for North American or British education, 18 for Chinese education and the rest for Japanese, Turkish, Mongolian and Norwegian education.

Investment Environment & Opportunities

Excellent Educational Environment

28 29

A Government on Your Side Promoting Foreign Investment

Major Incentives

Invest KOREA (IK) was established as the national investment promotion agency of Korea to support the advancement of foreign companies into the country.

Korea offers foreign investors various incentives based on the Foreign Investment Promotion Act. They can receive tax breaks for a maximum of seven years for corporate tax and income tax, for example, and local taxes (such as acquisition tax, registration tax and property tax) for a maximum of 15 years. Korea also offers foreign investors cash grants so they can recover part of the costs and expenses incurred in promoting their projects. The country can also provide free land, such as plant sites, or loan it to investors at low prices.

IK provides foreign investors with a free, one-stop consulting service encompassing initial investment counseling, determination of business sites, establishment of companies, investment reporting and investment benefits application. Its Foreign Investment Ombudsman, who is appointed by the president of Korea, works to resolve the grievances of foreign investors. IK also has counselors in 42 locations around the world.

Korea’s central government, in conjunction with its provincial and municipal governments, works consistently to overhaul regulations and systems related to foreign investment in terms of law, taxation, labor, financing and accounting, and strives to upgrade them to the level of international standards. Also, Korea seeks always to improve its education, medical care and housing for foreign residents. Above all, it is open to the opinions of foreign chambers of commerce in Korea and foreign companies here to constantly improve the domestic foreign investment environment.

National Tax Breaks Taxes

Eligibility

Period

- ‌ Industry support service & high degree technology business Seven years - 5 years: 100% - 2 years: 50% - ‌ Businesses in stand-alone type foreign investment zones (FIZ)

• National Taxes - Corporate Tax - Income Tax

- ‌ Businesses in complex-type foreign investment zones (FIZ) - ‌ Businesses in free economic zones (FEZ) - ‌ Businesses in free trade zones (FTZ) - ‌ Businesses in business city development zone

- ‌ Business City Development Zone - ‌ Jeju Investment Promotion Area project

* Invest Korea Plaza: When a foreign investor in Korea needs offices, secretarial services or conference halls to establish a business domestically, Invest Korea offers facilities and services at low prices for a certain period of time.

* Please contact us for more details about tax breaks.

Investment Environment & Opportunities

- ‌ Free Economic Zone project

Five years - 3 years: 100% - 2 years: 50%

30 31

Invest KOREA’s Global Network

EUROPE

Korea Business Centers Supporting Foreign Investors Worldwide

Frankfurt, Germany

Moscow, Russia

Zurich, Switzerland

Vienna, Austria

Tel: (49-69) 2429-920

Tel: (7-495) 258-1627

Tel: (41-44) 202-1232

Tel: (43-1)586-3876

Fax: (49-69) 2535-89

Fax: (7-495) 258-1634

Fax: (41-44) 202-4318

Fax: (43-1) 586-3979

Hamburg, Germany

London, U.K.

Stockholm, Sweden

Madrid, Spain

Tel: (49-40)3405-740

Tel: (44-20) 7520-5300

Tel: (46-8) 30-8090

Tel: (34-91) 556-6241

Fax: (49-40) 3405-7474

Fax: (44-20) 7240-2367

Fax: (46-8) 30-6190

Fax: (34-91) 556-6868

Munich, Germany

Brussels, Belgium

Copenhagen, Denmark

Tel: (49-89) 2424-2630

Tel: (32-2) 203-2142

Tel: (45) 3312-6658

Fax: (49-89) 2424-2639

Fax: (32-2) 203-0751

Fax: (45) 3332-6654

Paris, France

Milan, Italy

Amsterdam, Netherlands

Tel: (33-1) 5535-8888

Tel: (39-02) 79-5813

Tel: (31-20) 673-0555

Fax: (33-1) 5535-8889

Fax: (39-02) 79-8235

Fax: (31-20) 673-6918

Singapore

Nagoya, Japan

Qingdao, China

Kuala Lumpur, Malaysia

Tel: (65) 6426-7200

Tel: (81-52) 561-3936

Tel: (86-532) 8388-7931

Tel: (60-3) 2117-7100

Fax: (65) 6223-5850

Fax: (81-52) 561-3945

Fax: (86-532) 8388-7935

Fax: (60-3) 2142-2107

Sydney, Australia

Fukuoka, Japan

Hangzhou, China

Jakarta, Indonesia

Tel: (61-2) 9264-5199

Tel: (81-92) 473-2005

Tel: (86-571) 8110-3099

Tel: (62-21) 574-1522

Fax: (61-2) 9264-5299

Fax: (81-92) 473-2007

Fax: (86-571) 8110-3098

Fax: (62-21) 572-2187

Melbourne, Australia

Beijing, China

Nanjing, China

Mumbai, India

Tel: (61-3) 9867-1988

Tel: (86-10) 6410-6162

Tel: (86-25) 8328-8991

Tel: (91-22) 6631-8000

Fax: (61-3) 9867-2688

Fax : (86-10) 6505-2310, 6410-6090

Fax: (86-25) 8328-8995

Fax: (91-22) 6631-8780

Tokyo, Japan

Shanghai, China

Hong Kong, China

Tel: (81-3) 3214-6951

Tel: (86-21) 5108-8771

Tel: (852) 2545-9500

Fax: (81-3) 3214-6950

Fax: (86-21) 6219-6015

Fax: (852) 2815-0487

Osaka, Japan

Guangzhou, China

Taipei, Taiwan

Tel: (81-6) 6262-3831

Tel: (86-20) 2208-1600

Tel: (886-2) 2725-2324

Fax: (81-6) 6262-4607

Fax: (86-20) 2208-1636

Fax: (886-2) 2757-7240

ASIA & OCEANIA

Head Office

NORTH AMERICA

13, Heolleungno, Seocho-gu, Seoul, Republic of Korea

New York, USA

Silicon Valley, USA

Tel: (1-212)826-0900

Tel: (1-408)432-5000

Tel: (82-2)1600-7119

Fax: (1-212)888-4930

Fax: (1-408)432-5056

Los Angeles, USA

Detroit, USA

E-mail: ikonline@kotra.or.kr

Tel: (1-323)954-9500

Tel: (1-248)619-1601

Fax: (1-323)954-1707

Fax: (1-248)619-1615

Twitter: twitter@investinkorea

Chicago, USA

Vancouver, Canada

Facebook: http://fb.com/investkorea

Tel: (1-312)644-4323

Tel: (1-604)683-1820

Fax: (1-312)644-4879

Fax: (1-604)687-6249

Dallas, USA

Toronto, Canada

Tel: (1-972)243-9300

Tel: (1-416)368-3399

Fax: (1-972)243-9301

Fax: (1-416)368-2893

Homepage: www.investkorea.org

MIDDLE EAST

Washington D.C., USA

Dubai, United Arab Emirates

Tel: (1-202)857-7919

Tel: (971-4) 450-4360

Fax: (1-202)857-7923

Fax: (971-4) 450-4350

Investment Environment & Opportunities

Fax: (82-2)3497-1611

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