Tuesday, August 3, 2010

KOTRA opens an Investment Consulting Center to boost FDI

Yonhap announced the opening of KOTRA's new Investment Consulting Center (ICC) in the agency's Seocho-gu headquarters*.

Following the
Seoul Global Center model, the ICC provides a one-stop service (including consultations about tax, customs, videoconference links...) to foreign investors looking for opportunities, but for the whole country, in relationship with all regional and metropolitan agencies.

Korean economy is expected to grow around 6% this year thanks to a very strong first half and a weak Won, but Foreign Direct Investment remains a priority, and as
we recently saw with the DMC, the emergence of competitive clusters provides even clearer opportunities for FDI. Internationalizing the Small and Medium Enterprise ecosystem will also help it grow beyond the sometimes overwhelming influence of local chaebols.

KOTRA's website (
kotra.or.kr) will probably soon disclose more details about this very interesting new tool.

Seoul Village 2010

* Korea Trade-Investment Promotion Agency (KOTRA) : 13 Heolleungno, Yangjae-dong, Seocho-gu, Seoul, Korea 137-749. Tel +82.2.3460.7114. Fax +82.2.3460.7777

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