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South Korea: Country Insights


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South KoreaOver the past several decades, South Korea has achieved a remarkably high level of economic growth and is now the United States' seventh-largest trading partner with a trillion-dollar economy. Major U.S. firms have long been leading investors in South Korea, while South Korea's top firms have made significant investments in the United States. There are large-scale flows of manufactured goods, agricultural products, services, and technology between the two countries.

The landmark Korea-U.S. Trade Agreement entered into on March 15, 2012, underscoring the depth of bilateral trade ties. The agreement is expected to boost exports by billions of dollars annually for both sides and create new export-related jobs in both South Korea and the United States.

As Korea continues to move toward more technology-intensive industries, U.S. companies will find market opportunities in leading industries such as life sciences (medical devices, pharmaceuticals, and biotechnology), industrial chemicals, information technology, nanotechnology, aerospace/defense, energy, environmental technology, and transportation. Given Korea’s strong shipping and air cargo infrastructure, this is not only a market for U.S. goods and services, but also a hub for eventual expansion into other markets.

Business Insight Reports

» South Korea: U.S. Commercial Service - Country Commercial Guide

» South Korea: World Bank - Doing Business Indicators

Country Profiles

» South Korea: BBC - Country Profile

» South Korea: U.S. Department of State - Country Travel Information

» South Korea: CIA World Factbook

From MBDA's Grow Your Business Blog

» Guide to Doing Business in South Korea
March 2012

» U.S.-Korea Trade Agreement Provides Opportunities for U.S. Export Businesses
March 2012

» So What's in the Trade Agreements with Colombia, Panama and Korea?
October 2011

MBDA Global Business Center

MBDA has global business development experts throughout our national network of business centers, anchored by an MBDA Global Business Center located in San Antonio, Texas. The MBDA Global Business Center conducts international capabilities assessments, identifies international opportunities, assists with global matchmaking in certain markets, and helps conduct market identification and research.

If you want to learn about global business, and believe your product or service can be sold abroad, your first stop should be an MBDA Business Center.  Contact David Leister, Project Manager of the MBDA Global Business Center at dleister@sanantoniombdacenter.com or 210-458-2480.

» View Your State's International Trade Offices

Additional Counties:

Australia  |  Brazil China  |  Colombia  |  Gabon  |  India  |  Mexico  |  South Africa  |  South Korea  |  Turkey  |  Zambia

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