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Korea (South)

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Image of a man and woman talking with London in the background.

Sector Briefing

Latest sector briefings from our global network of embassies, consulates and high commissions around the world.

24.01.12 Financial Sector in Korea

Latest overview of the financial sector

01.12.11 Advanced Engineering Sector in South Korea

South Korea is the 12th largest economy in the world, has a population of 50 million and a predicted GDP growth of 4.5 per cent in 2011. Despite the aerospace industry being small it has grown rapidly over the last decade.

01.12.11 Construction Sector in South Korea

South Korea is the 12th largest economy in the world, has a population of 50 million and a predicted GDP growth of 4.5 per cent in 2011. The Korean construction industry is a mature market with recognised civil engineering companies.

01.12.11 Sports Infrastructure Sector in South Korea

Korea has hosted major iconic sporting events in the past; including the 1988 Summer Olympics in Seoul, FIFA Football World Cup in 2002, and World Championships in Daegu 2011. Sports and exercise are valued in Korean Society.

01.12.11 Food & Drink Sector in South Korea

The size of the food and drinks market in South Korea was estimated to be ₤45 billion and is expected to increase year on year by approximately 9 percent. Plus, South Korea is currently dependent on imports for 60-70 percent of its food.

01.12.11 Chemicals Sector in South Korea

With the Korea-EU FTA, it is expected that imports of advanced chemical products and materials is expected to increase.

01.12.11 Consumer Goods Sector in South Korea

South Korea has developed into a large and lucrative retail market with the majority of the spending concentrated in the Seoul Metropolitan Area, one of Asia’s most important business hubs and home to half of South Korea’s population.

01.12.11 Education & Skills Sector in South Korea

Korea invests almost 7 per cent of its GDP in education expenditure. This investment is one of the largest percentages of GDP allocated to education in the world.

01.12.11 ICT Sector in South Korea

Korea is the most connected country in the world with its mobile broadband connections and ICT usage, as well as broadband access ratio per household. ‘Smart’ is the keyword for the Korean ICT sector.

07.07.11 Overseas Business Risk - South Korea

See below for information on key security and political risks which UK businesses may face when operating in South Korea.