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Korean Economy and New Investment opportunities

Korean Economy and New Investment opportunities. April 24, 2008. Ministry of Knowledge Economy. www.mke.go.kr. I. The Recent trend of Korean Economy. www.mke.go.kr. 2. 1) Key Economic Indicators (1). GDP Growth Rate. Labor Disputes. Unemployment Rate. Consumer Price Index. %. %.

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Korean Economy and New Investment opportunities

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  1. Korean Economy and New Investment opportunities April 24, 2008 Ministry of Knowledge Economy www.mke.go.kr

  2. I. The Recent trend of Korean Economy www.mke.go.kr 2

  3. 1) Key Economic Indicators (1) GDP Growth Rate Labor Disputes Unemployment Rate Consumer Price Index % % 8 10 7 8 6 6 5 4 4 3 2 2 07 07 07 07 02 02 02 02 03 03 03 03 04 04 04 04 05 05 05 05 06 06 06 06 1 400 % 5 300 4 200 3 100 2 KOREA OECD 1 0 7.1 7.0 6.9 6.6 7.0 3.7 4.7 3.7 3.3 3.5 5.1 5.0 3.6 3.2 4.2 3.1 1.6 2.9 2.6 3.2 2.0 KOREA OECD 320 322 462 181 3.6 3.5 138 2.8 2.8 108 2.5 2.2 Labor disputes (Unit: cases) 3

  4. 2) Key Economic Indicators (2) Exchange Rate (Won-Dollar) Exports/Imports Foreign Exchange Reserves Debt-Equity Ratio 371.4 Export: Import: 325.5 % $bn 356.8 284.4 300 250 253.8 195.6 309.4 200 144.7 250 131.3 114.0 110.9 150 105.3 261.2 193.8 100 162.5 200 224.5 50 150 178.8 07 06 07 07 02 02 01 02 02 03 03 03 04 04 03 04 05 05 04 05 05 06 06 06 0 152.1 Won/Dollar $bn 262.3 250 239.0 1300 1200.4 210.4 200 199.1 1197.8 1200 150 155.3 1043.8 1100 100 1024.0 121.4 956.0 50 1000 929.3 900 4

  5. 3) Direct Investment (FDI) FDI Trend in Korea(1991- 2007) Financial Crisis Notification Arrival 10.5 (US$ billion) 9.0 20 15 06 07 10 5 0 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 FDI increased after the financial crisis 2004, FDI rebounded with Korean government’s efforts after decreasing 4 consecutive years from 2000 to 2003 5

  6. 2. The Investment Opportunity in Korea www.mke.go.kr 6

  7. 1) Fully Open Market $ 900bn. 4th in Asia 30 50 50 60 Stock market size $ 188bn. Mar. 2008 2000 Foreign shares of major companies(%) 80 7

  8. 2) Dramatic Changes Corporate Governance Closed Decision-Making Open with Bigger Voices Dec. 1997 2008 B+ Credit Rating STANDARD &POOR’S A Ba1 A2 B- A+ $20,000(2007) $7,300(1997) GNI per capita 8

  9. 3) World Class Industrial Leader Autos Steel Semi- conductor Mobile- Phone Ship- building TFT-LCD No. 1 (Market Share 39%) No. 5 (Production Capa) No. 5 (Production Capa) No. 3 (Market Share 10%) No. 2 (Market Share 21%) No. 1 (Market Share 38%) 9

  10. 4) Best IT/R&D Environment Connected everywhere, all the time Ubiquitous IT Patent productivity #2 (IMD) Technology Infra #6(IMD) Science Infra #7 (IMD) R&D Powerhouse 80 % College Entrance Rate 100,000 Science Majors Annually Excellent Human Resources 10

  11. 5) Gateway to Asia 50 cities with populations of 1 million+ within 3 ½ hrs East Sea Beijing (1 ½ hrs) Tokyo (2 hrs) Shanghai (1 ½ hrs) Asia Hong Kong (3 ½ hrs) Guangzhou (3 ½ hrs) 2/3 Taipei (2 ½ hrs) World Population Manila (4 hrs) 1/5 Global GDP Average growth rate(Asia excluding Japan) 8.7 % World: 5.2%, OECD: 2.7% 11

  12. 6) FTAs ASEAN, Chile, EFTA, Singapore and USA Signed In final stage EU China and Japan Under consideration 12

  13. Having Concerns? Labor Issues North Korea • Unionized labor: 10.3% • Labor unions more cooperative than ever • Close cooperation with allies • South-North dialogue based upon “principle and flexibility” 13

  14. “Business-Friendly” 25% Regulation overhaul Tax cut 22% 20% Living Conditions Improvement • Lowering entry– exit barriers • Drasticchange in corporate tax rate (2008) (2012) • International educational facilities • State-of-the art hospitals 14

  15. Success Story • 20% of GM’s global production • “Daewoo Motor becomes a bright spot for GM” - NY Times - • The first & only Asia-Pacific Headquarter • “Korea is the hot-bed of e-commerce in Asia” - Meg Whitman, CEO, eBay - 15

  16. Thank you ! Broad industrial spectrum - Computer, Shipping, Mobile, Auto… - R&D, e-business, test bed, design… jymai@mke.go.kr 16

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