South Korea is the 4th largest economy in Asia and also has the distinction of being the world’s 12th largest economy. The country is a vibrant and dynamic place to buy and do business. South Korea has a strong domestic population of 50 million who are always keen to purchase the best and are savvy, and affluent. These are some of the key reasons for buying a business in South Korea:
1. Attractive incentive
FDI incentives offer a great way to encourage foreign investors in the country. The foreign entrepreneurs can reduce their startup expenses, especially since there are specific free trade zones determined by the Government. Such incentives provide greater motivation to expand businesses.
2. Strategic location
The country is situated strategically between countries like Japan and China. South Korea enjoys close proximity to over 60 cities.
3. Great infrastructure
The country is well-equipped with rails, roads, airports, and seaports. Its excellent infrastructure is a great booster to buy a business in South Korea.