South Korea welcomes overseas investment. – it woos international business and embraces foreign ideas.
The government offers a number of incentives to attract overseas business. These include tax benefits, rent reduction and support for research and development. It’s also making market entry easier by reforming regulations on foreign investment and reviewing current restrictions.
When entering any new market take advantage of resources available before you leave home. Your country’s trade organisation – like Austrade – and your local government can guide you through the process. They may also offer trade missions or networking events to connect you with local partners or clients – and fast track your push into Korea.
One of your first stops here in Seoul should be the local branch of your country’s chamber of commerce.