• WHY SEOUL
  • State-of-the-art Infrastructure : IT

    South Korea is holding on to first place in major international indices related to the information and communication technology (ICT) industry. Its cutting-edge infrastructure makes it possible to access high-speed wireless Internet from anywhere in the country and free WI-FI is also widely available.

    Highly-educated Workforce

    Many global companies point to the excellent human resources as their reason for investing in South Korea. In fact, 65% of Koreans between the ages of 25 and 34 have college degrees, a percentage that is significantly higher than the OECD average of 40%.

    Hot Spot for Test-beds

    47.3% of the total South Korean population lives in Seoul and its surrounding Gyeonggi area. This highly integrated and sophisticated consumer market wields strong purchasing power, as Koreans are keenly interested in new products and technologies. The exchange of market information now takes place quickly thanks to the development of the Internet. For this reason, global companies such as Microsoft, eBay, Siemens, and P&G are showing a lot of interest in South Korea as a test-bed for new products and services.

    Gateway to the World's Main Markets

    The East Asian Pacific region, including Korea, is growing rapidly, accounting for 45% of the international economic growth and 25% of world GDP. Taking its central position, Seoul forms a huge consumer market, having 393 million people and more than 30 cities with a population of over 5 million within a three-hour flight. (*Source: World Bank East Asia Pacific Economic Update April)

    Easy & Preferential Access to China and Asia-Pacific

    Korea and China have been economically, culturally and geographically close for thousands of years.
    Korea is China’s #1 import market(USD 179.3bn, 2013), followed by Japan, Taiwan, and the US.

    Global FTA Network

    South Korea is an international trade leader. The 52 nations with which Korea has signed free trade agreements (FTA) represent 73% of global GDP.

    FTAs with 52 Countries representing 73% of World’s Total GDP

    Macroeconomic Soundness

    When it upgraded its credit rating for South Korea, Moody’s pointed out that the country's growth rates, financial health, and abilities in terms of structural reform are superior to those of other developed countries

    Booming Startups

    Thanks to the central government’s support policy for SMEs and ventures, venture investment and fund raising peaked in 2015, at KRW 2,085.8 billion and KRW 2,626.0 billion, respectively. As a result, the number of ventures has sharply increased, from 8,798 in 2000 to 31,260 at the end of 2015.

    The Increasing Number of Startups in Korea

    Top Funded Korean Startups

    Total Funding Investors

     

     

     

    USD 1,4bn Sequoia Capital, Softbank, Cross Creek Advisors

     

     

     

    USD 110Mn Tencent, Line

     

     

     

    USD 100+Mn Formation 8

     

     

     

    USD 36Mn Goldman Sachs

     

     

     

    USD 32Mn Sparklabs Global Ventures, Y Combinator, Fenox Venture Capital

     

     

     

    USD 26Mn Company K, Stone Bridge management

     

     

     

    USD 20Mn Premier partners, Softbank ventures Korea, Hanhwa investments

     

     

     

    USD 18Mn Bain Capital

    * Source : TechinAsia, as of June 2015

    The World’s Top Companies Choose Seoul

  • State-of-the-art Infrastructure : IT

    South Korea is holding on to first place in major international indices related to the information and communication technology (ICT) industry. Its cutting-edge infrastructure makes it possible to access high-speed wireless Internet from anywhere in the country and free WI-FI is also widely available.

    Highly-educated Workforce

    Many global companies point to the excellent human resources as their reason for investing in South Korea. In fact, 65% of Koreans between the ages of 25 and 34 have college degrees, a percentage that is significantly higher than the OECD average of 40%.

    Hot Spot for Test-beds

    47.3% of the total South Korean population lives in Seoul and its surrounding Gyeonggi area. This highly integrated and sophisticated consumer market wields strong purchasing power, as Koreans are keenly interested in new products and technologies. The exchange of market information now takes place quickly thanks to the development of the Internet. For this reason, global companies such as Microsoft, eBay, Siemens, and P&G are showing a lot of interest in South Korea as a test-bed for new products and services.

    Gateway to the World's Main Markets

    The East Asian Pacific region, including Korea, is growing rapidly, accounting for 45% of the international economic growth and 25% of world GDP. Taking its central position, Seoul forms a huge consumer market, having 393 million people and more than 30 cities with a population of over 5 million within a three-hour flight. (*Source: World Bank East Asia Pacific Economic Update April)

    Easy & Preferential Access to China and Asia-Pacific

    Korea and China have been economically, culturally and geographically close for thousands of years.
    Korea is China’s #1 import market(USD 179.3bn, 2013), followed by Japan, Taiwan, and the US.

    Global FTA Network

    South Korea is an international trade leader. The 52 nations with which Korea has signed free trade agreements (FTA) represent 73% of global GDP.

    FTAs with 52 Countries representing 73% of World’s Total GDP

    Macroeconomic Soundness

    When it upgraded its credit rating for South Korea, Moody’s pointed out that the country's growth rates, financial health, and abilities in terms of structural reform are superior to those of other developed countries

    Booming Startups

    Thanks to the central government’s support policy for SMEs and ventures, venture investment and fund raising peaked in 2015, at KRW 2,085.8 billion and KRW 2,626.0 billion, respectively. As a result, the number of ventures has sharply increased, from 8,798 in 2000 to 31,260 at the end of 2015.

    The Increasing Number of Startups in Korea

    Top Funded Korean Startups

    Total Funding Investors

     

     

     

    USD 1,4bn Sequoia Capital, Softbank, Cross Creek Advisors

     

     

     

    USD 110Mn Tencent, Line

     

     

     

    USD 100+Mn Formation 8

     

     

     

    USD 36Mn Goldman Sachs

     

     

     

    USD 32Mn Sparklabs Global Ventures, Y Combinator, Fenox Venture Capital

     

     

     

    USD 26Mn Company K, Stone Bridge management

     

     

     

    USD 20Mn Premier partners, Softbank ventures Korea, Hanhwa investments

     

     

     

    USD 18Mn Bain Capital

    * Source : TechinAsia, as of June 2015

    The World’s Top Companies Choose Seoul


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