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ABOUT KOREA
   

WHY KOREA   

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The Right People for the Job

     In terms of growth of productivity from 1994 to 2005, Korea ranked second with
     annual average gains of 3.9 percent according to Employment Outlook published
     by the OECD.

     Over 97 percent of the labor force possesses college education or vocational
     training backgrounds.

     Senior management's international experience ranks fifth among Asian countries.


The Most Wired Country on Earth

     World's highest broadband Internet subscription rate.

     Korea's 68-percent mobile-phone penetration rate is one of the world's highest.

     Korea introduced the world's first commercial WiBro, s-DMB, and t-DMB services.
 
     WiBro services began in 2005 and are now being run on a commercial basis.
     (In August 2006, Sprint of the U.S.A. adopted Samsung WiBro technology as its
     wireless communication platform)

     Satellite Digital Multimedia Broadcast (DMB) services began on a commercial
     basis in June 2005. Terrestrial DMB began on a pilot basis in the second half of
     2005 and was placed on a commercial footing in 2006.

     On the mobile telecom front, commercial WCDMA services began in 2005,
     HSDPA is due to begin in 2006 and HSUPA in the first half of 2007.


Unbeatable Location

     Korea is located centrally within Northeast Asia, a region with a population of 1.5
     billion with a combined GDP of $7.46 trillion that accounts for 22 percent of world
     GDP.

     As such, Korea serves as a gateway to the adjacent, massive markets of Japan
     and China.

     Major Northeast Asian cities such as Tokyo, Beijing, Osaka, Shanghai and Hong
     Kong are located within a three-hour flight of Seoul.


A Logistical Capability Second-to-None

     The country's state-of-the-art infrastructure such as its world-class airports and
     three seaports (designated Free Economic Zones) enables foreign business to
     operate smoothly within Korea and provides strong overseas logistical links.

     The high-speed KTX, only the fifth such service in the world, offers connections to
     anywhere within the country in a matter of hours.


Home of Corporate Giants

     The powerhouses of Korean economic growth are its world-leading industries that
     act as powerful draws to foreign investors.

     Korea is world's sixth-largest automobile producer, and ranks no. 1 in DRAM
     semiconductor manufacturing, shipbuilding and LCD production.

     Korean mobile phone makers Samsung Electronics and LG Electronics rank
     among the world's largest.

     Major Korean companies have joined the celebrated Fortune 500 list.


Best Incentives in OECD

     A major attraction for investing transnational companies is the array of incentives
     offered by the Korean government, some of the most generous in the OECD.

     Financial incentives include reductions/exemptions of corporation, local, and
     income taxes, plus cash grants for investment in high-tech industries judged to
     have broad economic impact.

     In addition to offering major financial incentives as mentioned above, the Free
     Economic Zones (FEZs) of Incheon, Gwangyang, and Busan/Jinhae are
     committed to creating an international business and living environment.


Your Asia/Pacific Profit Center

     The ratio of net profit to sales among foreign-invested companies in Korea is far
     higher than that of domestic companies. Moreover, the Korean subsidiaries of
     transnational corporations tend to be among their more profitable, if not their most
     profitable units.

     As of end-2005 more some 264, or 53 percent of the corporations listed in the
     Fortune Global 500 were invested in Korea, as were all of the world's top 20
     corporations.

 

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