Doing Business in South Korea

The Doing Business Guide is an essential resource for Australian businesses and investors seeking to grow in South Korea. Whether you are just starting out or already established in the country, this guide provides practical and detailed information to support your business growth, plus links to reputable external resources for further information.

The report features:

• A detailed overview of South Korea’s economy, highlighting the country's advanced economy and the key developments instrumental to its growth such as hi-tech innovation, technology exports, skilled workforce and robust infrastructure.
• Essential information to help you understand and navigate South Korea’s business culture and identify a suitable partner. The guide covers the importance of relationships, the hierarchical nature of South Korean business practices, and the nuances of communication that are vital for successful business dealings.
• Insights into consumer preferences, purchasing habits, and market trends in high-priority sectors to inform your go-to-market strategy. The guide explores the opportunities in sectors such as technology, green economy, education, defence, health and medical, and food and agribusiness, financial services, and mining and critical minerals.
• Advice for both investors and businesses on common market entry models and key risk factors. The guide offers strategies for market entry, including direct exporting, establishing joint ventures, or setting up wholly-owned subsidiaries.
• Business practicalities such as laws and regulations, important information about tax, customs duties, and other regulatory requirements that are essential for the success of any foreign-owned business venture. The guide also provides an overview of the legal and financial frameworks that govern business operations in South Korea.

Expanding a business internationally requires extensive knowledge and preparation. This guide will help build your business capability so you can increase your chances of commercial success and avoid common traps. The South Korea Doing Business Guide is your starting point on this journey. Asialink Business also offers training programs and other resources to support your business goals.