Doing Business in South Korea Guides. Asia. Learn from the South Korea Small Business Ideas and Opportunities – a short guide for entrepreneurs. And get information about South Korea Franchise & Business Opportunities and other small business and SME entrepreneurship news. South Korea is the world’s 15th largest economy and Asia’s 4th, establishing South Korea as a top trading partner and a world leader in doing business. It has a population of 50 million and is highly urbanized, with over 50% living in the Greater Seoul metropolitan area. This Asian country is home to some of the world’s biggest producers of semiconductors. South Korea is also a leading global exporter of telecommunications equipment, automobiles, chemicals, ships and consumer electronic products.
Doing Business in South Korea Guide
South Korea will continue to focus its development on key economic growth sectors. Patents, trademarks, and industrial designs issued by the Korea Intellectual Property Office (KIPO) reached 434,000 in 2014, a 0.9% increase from 2013. This growing trend in local patent and trademark filings reflects a move toward more technology-intensive and capital-intensive industries and services. South Korea is the United States’ seventh largest export market. The U.S. is the third largest exporter to Korea, with an 8.6 percent market share of Korea’s total imports. Key competitors include China (17.1 percent), Japan (10.2 percent), and the EU’s 27 nations (16.2 percent). Trade with China reflects significant re-export activity. Learn more from South Korea Business Guide provided by ExportGov from the US Government.