China's private space launch firm, LandSpace, recently announced that it had closed the series B+ round of financing at ¥300m RMB ($43m USD), led by China Growth Capital with Zhongji Investment, 36Kr, Juzhuo Capital and others, bringing the total raised by LandSpace to over ¥800m ($115m USD). The purpose is to create a new commercial aerospace ecosystem consisting of the development, production and testing of the new liquid rockets.
Wayne Shiong, Partner of China Growth Capital (CGC), a leading investor, said, "Following the recent successful landing of the robotic spacecraft, Chang'e-4, on the far side of the moon on 3 Jan 2019, we are confident in the growth of the Chinese aerospace industry for the coming decades.
Private firms like LandSpace can add value by becoming a beneficial market supplement to traditional state-owned firms. LandSpace can greatly shorten the R&D time of small and medium-sized liquid oxygen methane engines in China and effectively reduce the cost of commercial launches in the future."
This financing round of LandSpace will be mainly for the R&D of the 80t liquid oxygen methane engine "Tianque" (TQ-12) and the medium-sized liquid launch vehicle "Zhuque 2" (ZQ2); both are flagship products of LandSpace. The trial run of short nozzle state thrust chamber for engine "Tianque" (TQ12) has been completed by the end of September 2018. It is expected that the test run of the whole system will be completed in the first half of 2019. The mediumsized liquid launch vehicle "Zhuque 2," which is developed based on the engine "Tianque" (TQ12), is planned to have its maiden voyage in 2020.
Zhang Changwu, CEO of LandSpace, believes the privately held firm's remarkable progress is attributed to a clear commercialization strategy and strong technical team. In the future, LandSpace will adhere to its true and tested technical strategy and continue to contribute to China's aerospace industry. LandSpace will focus on R&D, manufacturing and supply chain management, in order to meet the needs of the upcoming commercial launch in 2020.
About LandSpace LandSpace Technology Corporation Ltd. is a Chinese private aerospace enterprise engaged in the R&D and operations of launch vehicles. Focusing on small and medium scale commercial aerospace application market, LandSpace is devoted to the development of Liquid-fuel Rocket Engines (LREs) and low-cost commercial launch vehicles with independent intellectual property rights.
About China Growth Capital China Growth Capital is a leading early-stage venture capital firm in China with an extended interest in Silicon Valley. The firm funds seed to Series B in fintech, enterprise tech and Internet consumer sectors. Since its founding in 2006, China Growth Capital has grown to manage 8 Billion RMB (approximately 1.2 Billion USD) in asset under management across its different RMB and USD funds, with close to 300 portfolio companies. In addition to spaces technology, China Growth Capital has also recently invested in industries such as enterprise software, fintech, medtech, argritech, e-commerce and artificial intelligence etc.
For more information please visit: www.landspace.com www.chinagrowthcapital.com
“The Kawasaki INnovation Gateway SKYFRONT is the first important step in establishing the Tonomachi area of Kawasaki City as Asia’s Silicon Valley".
The area is the flagship science and technology innovation hub of Kawasaki City. KING SKYFRONT is a 40 hectare area located in the Tonomachi area of the Keihin Industrial Region that spans Tokyo and Kanagawa Prefecture and Tokyo International Airport (also often referred to as Haneda Airport). KING SKYFRONT was launched in 2013 as a base for scholars, industrialists and government administrators to work together to devise real life solutions to global issues in the life sciences and environment. Kawasaki KING SKYFRONT is a global innovation hub attracting the world’s leading corporations and laboratories in the areas of health, medicine, welfare and environment. Also designated as a special zone under the country’s new growth strategy, various privileges are offered to those operating at Kawasaki KING SKYFRONT.
Taking advantage of its exceptional access on land, sea and air, Kawasaki KING SKYFRONT is pursuing the goal of becoming the world’s highest-standard R&D hub. Specifically, methods to cure Alzheimer’s disease, cancer and spinal cord injury are being studied and developed, together with the development and manufacturing of innovative drugs and medical equipment, such as the design and production of state-of-the-art medical robots.
These actions are progressing steadily at Kawasaki KING SKYFRONT, in order to overcome issues faced by the modern world to create a healthy society, while promoting sustainable growth of the global economy. Internationally speaking, Japan is one of the few countries in the world that lead the movement to create new drugs. Together with the U.S. and Europe, Japan possesses all elements required to nurture knowledge-intensive industries, and the country demonstrates leadership over other Asian countries in this area. Furthermore, Japan has a rapidly aging population and a declining birth-rate, faster than many other countries. As such, products and services that respond to the medical and consumer needs of the elderly society are expected to create many new business opportunities.
Concentration of Expertise In addition, Kawasaki City’s action of matching personnel, technology and industrial platforms in eco-tech areas is likely to bring birth to many more new products, service and technologies at Kawasaki KING SKYFRONT. The City looks forward to such movements to improve the global environment and incubate numerous large-scale business opportunities. New business opportunities for product and service development, as well as the need for advanced medical care are generated by the 37 million population of the greater Tokyo area where Kawasaki KING SKYFRONT is located. As of 2012, the area housed 4,933 corporations and 1,165 research institutions, as well as 35 universities and graduate schools with science and engineering departments, and 46,000 people employed in R&D work. All of this combined suggests the great potential of Kawasaki KING SKYFRONT to respond to constantly changing, advanced market needs. Since many leading corporations locate their headquarters in the greater Tokyo area, Kawasaki KING SKYFRONT’s geographical position also serves as an ideal front for the R&D facilities to work closely with their sales / business divisions.
The areas surrounding Kawasaki KING SKYFRONT are unique for accumulating numerous global corporations, joint venture businesses, new businesses, medium and small-sized businesses with advanced manufacturing skills, as well as petrochemical factories and raw material industries. Since manufacturing and R&D are ideally conducted in close proximity, Kawasaki KING SKYFRONT serves as an optimal location with a high global potential for bringing birth to new technologies.
Green As the nucleus of the Keihin Industrial Zone, Kawasaki supported the rapid economic growth era of the nation. The flip side of rapid industrialization, however, was the degradation of the environment, including air and water pollution on a massive scale. In order to overcome this problem, Kawasaki City jointly worked with corporations to recover clean air and water. Consequently, much knowledge and human resources in pollution control is now recognized in this coastal area. Taking advantage of this, Kawasaki City is currently focusing on the utilization of hydrogen energy as a prime technology in “green innovation.” Such action of the City is very timely and likely to become an advanced model, since the industrial area adjacent to Kawasaki KING SKYFRONT has a massive hydrogen demand, and the area serves home to numerous fuel cell-related corporations.
Location - Advantages Kawasaki KING SKYFRONT is the Tonomachi development area of Kawasaki City, situated on the opposite shore of Tama River. Facing the Haneda International Airport and covering an area of approximately 40 hectares, concentrated here are the world’s forerunner corporations and research institutes in the areas of health, medicine, welfare and environment. Here, industry, government and academia collaborate dynamically beyond various barriers and restrictions.
Halfway between Tokyo and Yokohama, the city of Kawasaki belongs to the greater Tokyo district: the largest political, social and economic hub of Japan. Kawasaki is a lively city, with excellent traffic access and a comfortable living environment. As such, Kawasaki’s population has been growing steadily over the past decade, marking the highest growth rate among the 20 government- designated cities of Japan, and exceeded 1.5 million in April 2017.
Located right in the heart of greater Tokyo, many important cities of Japan are within the 30 kilometer radius of Kawasaki KING SKYFRONT. Furthermore, Kawasaki KING SKYFRONT offers a logistical advantage by sea as it is in the center of Keihin Port. In addition, it is at the interchanges of numerous expressways that extend north to south, east and west.
Kawasaki KING SKYFRONT is also just 600 meters away from the Haneda International Airport, the hub of numerous flights to and from Asia and the world. Taking full advantage of this aerial gateway, as well as other available excellent transport infrastructure by sea, road and railway, day trips from Kawasaki KING SKYFRONT can be made throughout Japan and some Asian countries. This will be enabled further with the construction of a bridge that directly links the Kawasaki KING SKYFRONT with the Haneda International Airport, to be completed in 2020.
Furthermore, located at Haneda International Airport is the Tokyo International Air Cargo Terminal (TIACT), an exclusive facility for medical drugs (medical gateway), where drugs for clinical test purposes are preserved at the proper temperature, and are maintained under strict security control. This medical gateway also assists Kawasaki KING SKYFRONT’s corporations and research facilities by allowing swift and efficient transport of their drugs to any medical institution within or outside Japan. Furthermore, a direct link road will be completed by 2020, connecting Kawasaki KING SKYFRONT to Haneda International Airport, Japan’s main aerial gateway to the world. Close to Kawasaki KING SKYFRONT are numerous attractive natural settings and cultural facilities that can be reached within minutes.
For more information: www.king-skyfront.jp
The endless possibilities of the integration of AI with IoT:
The era of Internet of Things is already in its third phase. At the beginning, the goal was for objects to be connected to the network. The second, that they could communicate with each other and interact. And finally, that they were smart. That is, they could be aware of what is happening around them, extract data, analyze it, and make decisions based on it.
The Industrial Development Bureau (IDB) presented new solutions aimed to integrate Artificial intelligence in IoT (Internet of Things) and 5G technology at the Mobile World Congress 2019. IDB selected 13 Taiwanese companies with innovative products and solutions to be showcased during the biggest IT conference in the world, which took place in Barcelona.
Taiwanese companies and the 4th industrial revolution
The integration of artificial intelligence in IoT will require more powerful connections, hence the importance of new advanced servers that will allow 5G networks to show their full potential. From there, each industry should evaluate their own production processes, determining which parts must be digitized. The industrial processes in assembly lines, the interconnection between different factories, either of suppliers or manufacturers, as well as the management of the finished product, can be managed through AIoT in a more efficient and productive way. AI is appearing throughout the three layers of the IoT architecture, from device connectivity, platform analytics and application services.
The IoT industry chain in Taiwan has great advantages in hardware, as well as the flexible and quick responses to product development. Keeping in mind the importance of integration of platforms and systems, Taiwan's industry continues to strengthen its competence in the integration of devices, networking and systems for AI, NB-IoT and edge computing in order to seize the business opportunities different vertical markets, and to facilitate Taiwan's smart city development.
Taiwan offers world-class talent and has become a hotbed of AI research in recent times. Along with the world’s top hardware manufacturing capacity, the country attracts global tech giants such as Microsoft and Amazon Web Services (AWS) to set up AI R&D and innovation centers in Taiwan. Amazon Web Services(AWS), an Amazon subsidiary previously announced plans to open a joint innovation center with the New Taipei City Government in January 2018. The joint venture focuses on AI, big data, cloud computing and Internet of Things (IoT), as well as giving technical assistance to Taiwanese cloud computing startups. Microsoft set up an IoT research and development center in Taipei City in 2016 and established an AI research and development hub in Taipei City in January 2018. Microsoft is currently in the process of recruiting 200 technology specialists for its new AI hub. Taiwan has become Microsoft's biggest R&D center in Asia.
The partnerships are set to create a comprehensive ecosystem of startup innovation, which will help pioneer the shift from traditional industries into digital markets in Taiwan. According to Gartner, global information technology spending will reach $3.7 trillion US dollars in 2018, up 4.5 percent from 2017 and Internet of Things, big data, Artificial Intelligence, and blockchain will be the main force driving tech growth.
AIoT Taiwan: www.aiottaiwan.com
Mongolia, once a place whose very name conjured up images of isolation and deprivation has become one of the hottest new frontier market destinations for international and luxury brands in recent years, particularly those catering to higher income clients.
Over the past 28 years, Mongolia has been successfully transforming into a vibrant democracy from a centrally planned socialist economy, resulting higher level of GDP with vast agricultural and mineral resources. During its transition to a market economy, Mongolian GDP had bottomed out particularly in 1993, experiencing a painful “transformational recession” until 2000. The new economy began to recover slowly to positive rates of growth thereafter by 2001- 2010. GDP per capita doubled between 2005 and 2012.
This economic boom has made many Mongolians millionaires overnight and affluent locals have begun seeking new ways to enjoy and show off their wealth.
However, the economy was particularly slowed down by a fall in commodity prices and declining investment and private consumption during 2014 - 2016.
After this downturn, the Mongolian economy strongly recovered in 2017 and 2018H1. GDP growth rate increased from 1.2 percent in 2016 to 5.3 percent in 2017 and 6.3 percent in the first half of 2018, thanks to growing investment in the mining sector and higher coal prices and exports.
The changes of GDP growth in these years indicate that the country’s economy is strongly dependent on mineral commodities. Boosted by an incredible amount of minerals with an estimated value of 1.5 - 2 trillion USD with a relatively small population, the economy has became one of the hottest new frontier markets for international investors in various fields.
Mongolia’s rampant economic growth has had a significant effect on the purchasing power of households. Working and professional class wages have risen rapidly, lagging just slightly behind the overall economy once inflation is taken into account. The retail sector that has benefitted from the recent boom has become the hidden hero of Mongolia’s real estate market. Both local retailers and the handful of international brands rapidly started expanding and many luxury brands like Versace Collection and Burberry have opened shiny new outlet branches in the center of the capital city. This means that Mongolians have much more disposable income to spend than they did a few years ago. According to the Mongolian National Statistics Office (NSO), monthly average expenditure on all types of consumption per household has significantly increased between 2012 and 2017; on clothing alone it increased by over 500% between 2003 and 2011.
Mongolians are consuming a larger number of higher quality goods than ever before. The retail sector has expanded accordingly, rising from less than 14% of GDP in 2008 to 19% in 2011 even as GDP itself increased by nearly 36% during the same period.
Developers have tended to focus on high-end office and luxury residential complexes over the last few years and have neglected the needs of a growing consumer class. Rental prices in the retail sector have yet to catch up to the growth of sales. The per meter rental price in Ulaanbaatar’s prime retail locations is still significantly below that of comparable locations in other emerging Asia markets.
The size, growing urbanization, and economic development of Mongolia are drawing retailers. With its robust retail track record, relatively low costs and bright macro outlook, Mongolia looks set for unparalleled consumer and retail spending over the next decade. More than 100 international brands have opened up exclusive franchises or wholly owned outlets in Ulaanbaatar to date, the majority in the past eight years.
At the same time, there is still a need for brands targeted at mass market consumers to cater to the growing local appetite for conspicuous consumption, because many Mongolians go abroad for shopping and buying designer goods.
Although traditional retail still exists with Mongolian consumers doing their daily shopping in open markets and through informal channels, shopping habits continue to evolve. Preference for organised retail formats and global brands is growing, creating more opportunities for international players. Apparel and luxury retailers are also expanding. Youthful clothing brands such as Mango, Sisley and Adidas, who entered the market in recent years, are doing great because the Mongolian people are open to giving new brands and new products a try.
Retailers’ interest in any country depends on development of new high quality shopping centers corresponding to world standards. The Shangri-La complex was completed in 2016, giving international retailers an opportunity to set better terms of occupancy in the business district of Ulaanbaatar. The country has numerous large shopping malls in the city, namely Central Tower, Khunnu Mall, Naadam Center, and Naran Mall, among others. Convenience stores and mini-marts have started growing in Mongolia in recent years. Trendy food and beverage destinations targeting young customers (65 percent of the Mongolian population is aged 35 or under) have newly opened in the city, such as Tom N Toms Coffee, Coffee bean, Tous Les Jours, KFC, and Burger King.
Investment opportunities in retail segment across three primary themes:
LEAPFROGGING INTO THE DIGITAL ERA
Rapid expansion of smartphone market with 1.7 million users is recorded. AI based intellectual work of Mongolian youth is growing and the first fintech financial service company LendMN launched its initial IPO at the Mongolian Stock Exchange (MSE).
THE RISING URBAN MIDDLE CLASS
More and more households falling in the middle-income segment. According to the forecast the number of households in this segment to pick up to 34.1% in 2022, up from 12.7% in 2018.
Bank of Mongolia has launched a campaign called “Digital payments in a digital era” in order to promote the widespread adoption of digital currencies and payments. In many ways, the rise of retail in Mongolia appears to mirror the experience of other emerging markets, particularly the so-called “Asian Tiger” economies of the 1990s and 2000s. Mongolia’s demographics, climate, consumption patterns, and unique cultural heritage differentiate it from the rest of the emerging economy pack. Its strong retail track record, low costs and bright macro outlook will propel Mongolia for unparalleled consumer and retail spending over the next decade. Many international partnerships have significantly exceeded their owners’ expectations, as the appetite for luxury and mid range western brands within Ulaanbaatar has proved to be more substantial than companies’ projections thought possible.
Asia Pacific Investment Partners is the oldest, largest, and most reputable Mongolian real estate agent.
We are a real estate intermediary and advisory firm offering agency, representation, property, management, property valuations, interior design, furnishing and financial intermediation services.
Company website: www.apip.com
JLL's City Momentum Index reveals where in the world to find highest levels of socio-economic and commercial real estate dynamism.
Asia Pacific is home to 19 of the top 20 cities, highlighting the continuing shift of fast urban growth from the West to the East, according to the sixth City Momentum Index published by JLL. The absence of European and American cities demonstrates a marked East-West growth divide, reflecting Asia's continued rapid urbanization and economic growth, driven by globalization, innovation and demographic factors. Overall, Indian and Chinese cities dominate the rankings, accounting for three quarters of the top 20. Leading the pack are Indian cities Bengaluru and Hyderabad, followed by Vietnam's Hanoi in third place. The only non Asian city on the list is Nairobi, in sixth place, which is heavily influenced by significant amounts of infrastructure-focused investment from China.
Jeremy Kelly, Director of Global Research at JLL says: "Asia continues to show strong momentum, with cities that are successfully expanding their innovation economy punching above their weight in terms of attracting capital, companies and people. "It's clear that the tech sector is a key driver of both real estate and economic momentum–driven by large technology firms as well as dynamic start-ups in cities like Bengaluru, Hyderabad, Ho Chi Minh City and Shenzhen."
Although the global economic cycle is in its late stages, there are still many cities in the world where real estate and economic growth continue to be robust. But while strong growth brings opportunities for economic and social development, it also brings challenges that cities must address to ensure short-term growth transitions into long-term momentum. Investing in infrastructure and greater transparency is essential to facilitate this transition.
Kelly adds: "These cities need to address the environmental and social impacts of rapid growth such as social inequality, congestion and environmental degradation. The provision of smart, efficient and productive real estate and increased transparency are key factors in driving long-term, sustainable growth."
Investment in transformative real estate drives growth Thoughtful and innovative development–such as regeneration projects with a long-term vision that nurture new businesses and improve lives–is essential, as are largescale infrastructure projects that help combat problems around congestion and improve accessibility, according to Kelly. Manila (ranked 12 in this year's Index), for example, is one of the densest cities in the world, with an expanding population. The government has committed to an extensive infrastructure building program, 'Build Build Build', which includes more than 2,000 projects. These are expected to improve congestion, increase power reliability, reduce the impact of climate change, and redevelop urban areas.
Smart infrastructure and technology create liveable cities Technological innovation in the form of greener and smarter buildings also plays an important role in answering the environmental challenges brought about by rapid growth. The Chinese city of Xi'an, ranked ninth in this year's Index, has installed an innovative 100-metre-tall air purifying tower to reduce smog and improve air quality.
FDI crucial for long-term momentum Sustainable long-term momentum and a maturing economy are often supported by long-term foreign direct investment (FDI) and transparent governance. India's fastest growing cities have been successful over recent years, attracting high levels of FDI, with structural reforms (including the Real Estate Regulation and Development Act), encouraging more real estate investment from foreign buyers. A similar story is playing out in Chinese cities, such as Beijing and Shanghai, which are both on the cusp of joining the ranks of the world's transparent real estate markets. "Transparency is vital in securing the long-term investment that leads to sustainable growth. With strong governance and planning, the private sector can work with city governments to drive change and bring benefits to the real estate market and wider commerciality of a city," concludes Kelly.
Methodology: JLL's City Momentum Index measures momentum for 131 of the world's most commercially active cities by tracking a range of socio-economic and commercial real estate indicators over a three-year period to identify the urban economies and real estate markets undergoing the most rapid expansion. The City Momentum Index presents a weighted overall score for the sub-scores of 20 variables. For each variable the model calculates a score based on the city's performance relative to the distribution of all 131 city regions, scaled from zero to one. The top-scoring city for each variable has a value of one, while the lowest-scoring city receives a value of zero. Variables focus on indicators of socioeconomic momentum and commercial real estate momentum. All real-estate data is sourced to JLL. Non-real estate data is drawn from a wide range of sources that includes Oxford Economics, United Nations, ACI, GaWC and fDI Markets. The Index also sources data from many national statistical offices.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with operations in over 80 countries and a global workforce of 88,000.
For further information, visit www.jll.com
Korea is at the heart of Northeast Asia, one of the world’s top three economic regions.
Here are some of the reasons that make Korea one of the most attractive destinations for international investors.
Strategic Location: As of 2017, the population of the Northeast Asia is 1.6 billion generating about 25% of the global GDP. Within 2,000 km distance from Korea, a global market with 61 cities and 498 million consumers is located. China, Japan and Korea are the important business hub in Asia for the expansion of business. Located between China and Japan, the world’s second and third-largest economies, respectively, Korea is within a 3-hour flight distance from 147 cities with a population of more than 1 million. At Incheon International Airport, 98 airlines operate flights to 196 cities in 54 countries, including direct flights to 41 cities in China and 24 cities in Japan. As the port of Busan, a hub port in Korea, is located at the center of major sea routes, a total of 455 regular routes for container vessels pass through Busan, with 62.5 to China, 79 to Japan, 105 to Southeast Asia, and 111 to North Ameria (*Source: Busan Port Authority). Through its ports in Incheon, Gwangyangman, and Saemanguem, Korea will emerge as the center of logistics for Northeast Asia as its logistics network is connected with that of Japan and the volume of Milk run (a round trip logistics that facilitates distribution or collection) with China increases.
Korea to Eurasia
As Arctic shipping routes open up, Korea is poised to become a logistics hub for the greater Eurasia region. The polar route running from Busan through Vladivostok and on to Rotterdam is expected to reduce the travel distance by 7,000 km, shipping time by more than 10 days, and shipping rates by more than 15%.
Number One in the World
Korea is a global leader in a wide range of industrial sectors. Already, 223 Fortune 500 companies have entered Korea, and are working with local businesses to increase their global market share. Traditionally, Korea is a powerhouse in the manufacturing industry, with exceptional technological ability and production capacity. It maintains the world’s largest market share in high-tech manufacturing for semiconductors, smartphones and displays, and prides itself in being a top 10 nation in terms of manufacturing competitiveness. (Source: Deloitte, global manufacturing competitiveness index 2016)
Korea is preparing for the industrial era of the future on a foundation of strong competitiveness in manufacturing and technological capabilities that meet or exceed global standards. It is to take pre-emptive response to the Fourth Industrial Revolution and take active measures to the paradigm shift of the industry. It continues to make bold investments and support in a long-term perspective. In 2018, the Ministry of Trade, Industry and Energy designated future vehicles, new businesses of energy industry, IoT-based home appliances, bio/healthcare and semi-conductors/displays as projects for innovation and growth, and is preparing and pursuing a variety of promotional policies.
Global FTA Platform: Korea is the only Asian economy that has signed FTAs with all three of the world’s largest markets - the European Union, United States and China. Korea’s global FTA network with 52 partner countries forms the third largest market in the world. Companies from Korea can enter the markets of developed countries by capitalizing on Asia’s strengths.
Korea is a global innovation leader in a broad range of fields, including ICT platforms and process innovation. Korea has ranked 1st on the Bloomberg Global Innovation Index 2018 for five years in a row, a ranking of the world’s 50 most innovative countries carried out by Bloomberg. Korea ranked especially high for R&D spending, education and patents. This culture of innovation is another reason so many companies have invested in Korea.
Korea is a pioneer in the information and communications and technology sector. According to the International Telecommunication Union’s (ITU) Measuring the Information Society Report 2017, Korea ranked the second among 176 countries in the annual ICT Development Index (IDI). Korea’s ICT innovation extends beyond information and communications technology, enabling ICT convergence across a broad spectrum of fields, including bio, finance, logistics, tourism and culture. Competitiveness of global Korean companies like Samsung Electronics, LG Electronics, and Hyundai Motor is built on their ability to maintain and improve their manufacturing processes in a timely and precise manner. The manufacturing capability based on Korea’s process innovation will provide opportunities for domestic and foreign companies that wish to capitalize on process innovation capability.
Affordable, reliable utilities
Korea’s power, water, and telecommunications infrastructures are among the best in the world. Electricity is reasonably priced and reliable, while industrial-use water is also readily available from regional sources in most cases. Mobile broadband service is available nationwide, as is sameday wired or wireless service provisioning.
Korea’s IPR protection efforts
Korea’s advances in the protection of intellectual property rights are the result of aggressive, concerted efforts by the Korean government over many years. The patent examination process has been streamlined, resulting in examination periods that are significantly shorter than those of other developed nations, such as the United States and Japan. This combination of robust IPR protection and speedy patent-related services is another reason Korea is a safe and secure investment environment for foreign investors.
Business-friendly investment environment
Korea provides an ideal environment for business success: world-class infrastructure, intellectual property rights protection, high quality of life, FDI-friendly government policies, one-stop investment services and more. In the World Bank’s Doing Business 2017 report, Korea was ranked the 4th easiest place in the world to do business.
Foreign Direct Investment (FDI) in Korea
The recent rise in foreign direct investment is attributed to growing capital inflow from investors in emerging countries including China and Middle Eastern nations through the Korea-China FTA, summit diplomacy, and other policy Around 16,000 foreign companies are doing businesses in Korea in a variety of fields including finance, technology, motor vehicles and automotive parts, and medical service. Among them, 223 companies are Fortune 500 Global Enterprises.
Invest Korea: Invest KOREA has 36 overseas offices and 64 investment-promotion specialists around the world to attract more investment. The overseas offices provide information on Korea’s investment environment to potential foreign investors and carry out various investment promotion activities, including investor relations sessions.
Visit the Invest Korea Marketplace: www.investkorea.org