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gE Module: Doing Business in South Korea open_in_new

The module on South Korea provides a general overview on the following: why to do business in South Korea, country and business culture, growth industries, and issues facing South Korea. This module will help already established exporters as well as fledgling exporters better understand the culture and business culture in this region. This module also includes a case study on the business practice of Total Quality Management.

Government Resources

Statistics Office
Central Banks
Commerce Ministry
Export Promotion Agency
Investment Promotion Agency

News Sites

This is the online version of The Korea Economic Daily (KED), a newspaper that provides current headlines on South Korean business news. The website contains features on the South Korean economy, financial sector, IT/electronics industry, international and domestic stock market data, and also a section dedicated to research on South Korean and international economic studies.

Regulatory Agency Sites

The Financial Services Commission (FSC) is responsible for the oversight and regulation of South Korea's credit and equity sectors of the Financial Services Industry. The site contains laws, news, and relevant links.

The Financial Supervisory Service (FSS) is responsible for the oversight and regulation of institutions that operate in the South Korean Financial Services Industry. The site contains press releases, publications, statistics, and laws.

The Korea Communications Commission (KCC) is responsible for broadcasting and telecommunications in South Korea. The KCC produces legislation and regulation to ensure the freedom and expansion of the communications sector. The KCC also focuses on expanding communication technology and promotes fair competition and consumer protection. The site provides information on policy issues and offers market statistical data.

The South Korean Ministry of Agriculture, Food and Rural Affairs aims to develop agriculture into an industry that supports public health and improves the well-being of rural residents. This website features its projects and has links to relevant policies and statistics.

South Korea's Ministry of Food and Drug Safety (MFDS) seeks to secure national health and safety of its citizens, mainly through its operations in the food and drug industries. This is done through the enhancement of risk management systems, tightened safety control, and reform on safety regulations. The site provides information on the ministry's projects, relative market news, and economic statistics.

Other Resources

Business in Asia covers business, economic, and cultural topics for Cambodia, China, India, Indonesia, Japan, Korea, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. The site also offers statistical data for each country.

The module on South Korea provides a general overview on the following: why to do business in South Korea, country and business culture, growth industries, and issues facing South Korea. This module will help already established exporters as well as fledgling exporters better understand the culture and business culture in this region. This module also includes a case study on the business practice of Total Quality Management.

The Korea International Trade Association (KITA) is a non-profit organization which provides a variety of direct services such as trade consulting, a company directory, and assistance to trading companies dealing with government authorities. Other prominent features include an economic news section, in-depth reports, statistics on leading indicators, and a quick glance at the South Korean economy, culture, and products.

The Samsung Economic Research Institute’s publications include Korean Economic Trend, Consumer Sentiment Survey, Economic, Management, Industry, and Issue Reports, China Briefing, and various case studies. Users also have the opportunity to sign up for the site's newsletter by entering their email. 

Developed by the national trade promotion organization of Korea, Buy Korea offers international trade leads and customized tender notification services. Users may search and post trade leads by specific product or product category as it appears on the homepage. Free registration is required to post on the website.

GobizKorea.com provides trade leads on a variety of products in the agricultural, pharmaceutical, and manufacturing industries along with others. This site is a marketplace where international buyers can get in touch with South Korean suppliers over the Internet. A free registration is necessary in order to post to the website.

The Korea Chamber of Commerce and Industry (KCCI) is a private economic organization that promotes development related to Korea's commerce and industries. This site features business news, KCCI's activities and reports, trade inquiries, and statistical information.

The Korea Economic Institute (KEI) is a non-profit, educational organization that addresses all aspects of relations between the United States and the Republic of Korea with a particular focus on economic issues. KEI produces several publications and also offers podcasts, a blog, and an events section all pertaining to the economy in Korea. 

TradeKorea is an online marketplace portal for international buyers, sellers, and other international business people who wish to do business in Korea. The site provides information on products in several categories, resources for buyers and sellers, and news. A free registration is required to use the services on the site.