Korea's Global Capabilities
Korea is leading global innovation.
In the ICT industry, in particular, Korea hasunrivaled capabilities.
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Global No. 1 in semiconductors, displays, smartphones,
ithium batteries, chemicals, and steel
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11th in the world, 2nd in Asia (2019)
in the WIPO Global Innovation Index -
The test bed of global companies such as Intel, Google, Microsoft, P&G -
Top 3 for 9 consecutive years
in Bloomberg World Innovation Index
(2012-2020) -
223 Fortune 500 companies working
with local businesses in Korea -
Top 2 for 7 consecutive years
in ITU ICT development Index
(2011-2017)
- Distance between Korea and Major Global Cities
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Multiple mega cities within a 3-hour flight of Korea
- Beijing, Tianjin, and Shenzhen of China selected as the top 15 emerging markets with the highest population growth rate until 2030.
- Direct global transport infrastructure from Saemangeum
- Saemangeum New Port begins to open in 2025
- Saemangeum New Airport opens in 2028
- Saemangeum New Port Phase 1 completed by 2030
- Saemangeum New Port Phase 2 completed by 2040
Worldwide FTA MAP
Korea is the world's third largest FTA economic territory and a global free trade hub.
Direct links to 80% of global GDP
- In effect
- Signed
- Negotiations concluded
- Negotiations in progress
Vast FTA Economic Territory of Korea
Global Logistics Hub
With the opening of the Arctic Route, Korea's importance has surged in global trade.
Compared to the Suez Canal route, the shorter distance of the new route has led to sharper improvement in fuel costs, operating days, and labor costs. With reduced logistics costs, Korea has further enhanced its position as the logistics hub in Northeast Asia.
- Distance reduced by 32%
- Time reduced by 10 days
With easier access to China, Saemangeum has the greatest potential in trade and tourism with China including logistics and cruise business.
