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Korea, your business partner    Korea Trade-Investment Promotion Agency    (Commercial Section of Korean Embassy in Israel)
Contents I.   Some facts about the Korean economy II. What happened in Korea in 2011 III. Businesses between Korea and Isr...
Part I.Some Facts about theKorean Economy
CHINA                      JAPAN25% of global GDP
Area: 100,000km2 (108th)                        Inflation (CPI): 2.9%                (2010)Population: 50 million (24th...
40,00035,00030,00025,00020,0000
[22]    [55]    [82]    [161]   [171]   [220]   [238][271]   [321]   [333]   [440]   [489]   [492]   [498]
1. Hyundai Heavy, HHI   1. Samsung Electronics    1. Arcelor Mittal2. Daewoo, DSME         2. Hynix Semiconductors   2. He...
Company            Item                      Remarks                                  - 22% of world market share   HJC   ...
Company             Item                      Remarks  Kortek       Casino Monitor      - 50% of world market share       ...
Korea will conclude FTAs with 2/3 of the world markets or                   almost 1/2 the world’s population.*Korea-EU FT...
In 2010, the total amount was US$ 13.1 billion.                                                            The goal set fo...
 The number of projects between Jan. 2003 and Feb. 2010.                      Sector                                     ...
(US $ billion)                 35                        •In 2010, the total amount                 30                    ...
Part II.What happened inKorea in 2011
In 2011, South Korea’s trade volume is expected to surpass US$ 1trillion for the first time.Korea will be the 9th country ...
Free Trade Agreement with US was ratified by Korean NationalAssembly and US Parliament after more than 5 years of negotiat...
The two companies have been confronting each other with theIP right issues since April 2011, and the legal disputes have s...
South Korean financial regulators suspended 16 saving banks due totheir weak finances.South Korean saving banks saw an agg...
The four major rivers restoration project, which is a multi-purposegreen growth project on the Han, Nakdong, Geum and Yeon...
South Korean navy commandos rescued Samho Jewelry, with its 21crew members from pirates in the Arabian Sea on January.
There has been a rising interest about K-pop and Koreandramas in Europe, North America and Middle East.
Mr. Ahn Chul-Soo, a medical doctor-turned-software company CEOand currently a Seoul national university professor, emerged...
A serious outbreak of foot-and-mouth disease occurred.The disease has been confirmed at 118 farms across the country,leadi...
Part III.BusinessesBetween Korea and Israel            25
Bilateral Trade, Investment                                                                                               ...
Israeli Automobile Sales 2011(1-10)Rank      Company            Private    SUV       VAN     Pick-Up          TOTAL 1     ...
Project :                                                      - Supply of jet trainer to Israel                          ...
Partners : Korean M-Ventures Investment            Israeli CBG PartnersFunding Amount : US$ 33.3 MillionInvestment Target ...
Part IV.The four seasons inKorea           31
Part V.Korea’s attractions as anInvestment destination          40
CHINA        JAPAN
 79% of high school graduates wereadmitted to universities in 2010. 3rd largest foreign-student group in theU.S. Larges...
National R&D:                                                       [Countries with most international-  US$12 bil. (2000)...
Well-organized Highway    Incheon Int’l Airport                                                                           ...
Government Efficiency - Government decisions“Government decisions are effectively implemented.” (2010)    Rank            ...
--- Green Government ---                                                    $90 billion for five years                    ...
______                  _______ _____                                    Large Market with Sophisticated Consumers        ...
Korea’s Free Economic Zone (FEZs) are self-contained living and business districts featuring air and    sea transportation...
Amended in Nov. 2007Corporate tax, income tax:100% for 5 yrs, 50% for 2 yrsAcquisition tax, registration tax, property tax...
“Connecting Korean and Israeli Company                    to Make Business”Established in 1995.4.1        Name            ...
Thank you
Korea, your business partner
Korea, your business partner
Korea, your business partner
Korea, your business partner
Korea, your business partner
Korea, your business partner
Korea, your business partner
Korea, your business partner
Korea, your business partner
Korea, your business partner
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  1. 1. Korea, your business partner Korea Trade-Investment Promotion Agency (Commercial Section of Korean Embassy in Israel)
  2. 2. Contents I. Some facts about the Korean economy II. What happened in Korea in 2011 III. Businesses between Korea and Israel IV. The four seasons in Korea V. Korea’s attraction as an investment destination
  3. 3. Part I.Some Facts about theKorean Economy
  4. 4. CHINA JAPAN25% of global GDP
  5. 5. Area: 100,000km2 (108th) Inflation (CPI): 2.9% (2010)Population: 50 million (24th) Unemployment: 3.7% (2010)GDP (nominal): $1,014 billion (15th) Fiscal Deficit: 2.4% of GDP (2010)GDP (ppp): $1,459 billion (12th) National Debt: 33.5% of GDP (2010) Per Capita: $29,836 (26th) Credit Rating (2010) :GDP Growth Rate: 6.2% (2010) ATrade (2010): ▶ Export: $466BN A1 ▶ Import: $425BN A+ Foreign Exchange Reserves: $312 billion (Aug. 2011) * Short-term External Debt: $150 BN (Jun. 2011) * Gross External Debt: $398 BN (Jun. 2011) ※ Source: The Bank of Korea, Ministry of Strategy & Finance of KOREA
  6. 6. 40,00035,00030,00025,00020,0000
  7. 7. [22] [55] [82] [161] [171] [220] [238][271] [321] [333] [440] [489] [492] [498]
  8. 8. 1. Hyundai Heavy, HHI 1. Samsung Electronics 1. Arcelor Mittal2. Daewoo, DSME 2. Hynix Semiconductors 2. Hebei3. Samsung 3. Elpida Memory 3. Baosteel4. Imabari 4. Micron Technology 4. Wuhan5. Hyundai Mipo, HMD 5. Nanya 5. POSCO1. Nokia 1. Whirlpool 1. Veolia2. Samsung 2. Electrolux 2. Doosan3. LG 3. LG 3. GE4. Apple 4. Samsung 4. Fisia Italimpianti5. ZTE 5. Philips 5. Suez/Degremont1. Dupont/Teijin 1. Toyota2. Toray 2. GM3. Mitsubishi 3. Volkswagen ※ Source: 1) World Yard Statistics, in CGT Terms (2009)4. SKC 4. Hyundai 2) Gartner, DRAM revenue (2010 1st half) 3) Ranking by Volume, World Steel Association (2010) 4) IDC (2011, Q2)5. 3M 5. Ford 5) IDA Desalination Yearbook (2011) 6) Ranking by capacity 7) World Ranking of Manufacturers, OICA (2010)
  9. 9. Company Item Remarks - 22% of world market share HJC Motorcycle Helmet - 56% of N. America market shareYoung An Hat - 40% of world market share Univera Aloe - 50% of world market share Nanux Cycling Shoes - 40% of world market shareWelcron Microfiber Cleaner - 25% of world market shareFS Korea Make-up Brush - 45% of world market shareSunil Safe Fireproof Safe - 40% of world market share iRevo Digital Door Lock - 40% of world market share
  10. 10. Company Item Remarks Kortek Casino Monitor - 50% of world market share DVR (Digital Video IDIS Recorder) - 15% of world market share Digital AudioNeofidelity Amplifier - 50% of world market shareTaekwang Industrial Fitting - 4% of world market share LMS Small Prism Sheet - 60% of world market share Moatech Stepping Motors - 54% of world market share Amotech Chip Varistor - 30% of world market share RF Semi ECM Chip - 43% of world market share
  11. 11. Korea will conclude FTAs with 2/3 of the world markets or almost 1/2 the world’s population.*Korea-EU FTA to Take Effect July 1 Entered On the agenda/ Concluded Underway Joint Study into force Chile (April ‟04), Singapore (Mar. ‟06), Canada, Mexico, GCC, Israel, Japan, China,EFTA (Sep. ‟06), ASEAN (Goods - June ‟07 Australia, „Korea-China-Japan‟/ Service - May ‟09 / Investment - Sep. ‟09), USA, Peru New Zealand, MERCOSUR, Turkey, India (CEPA) (Jan. ‟10), EU Columbia, Turkey Russia, SACU Source: www.fta.go.kr, Ministry of Foreign Affairs and Trade
  12. 12. In 2010, the total amount was US$ 13.1 billion. The goal set for 2011 is US$ 15 billion.(US $ billion) 20.0 17.5 15.0 12.5 10.0 7.5 5.0 2.5 0 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 ※ Source : Ministry of Knowledge Economy
  13. 13.  The number of projects between Jan. 2003 and Feb. 2010. Sector Total Software & IT services 85Automobiles (Automotive Components +Automotive OEM) 79 Electronic Components 61 Financial Services 51 Semiconductors 46 Chemicals 41 Textiles 36 Communications 27 Plastics 25 Other Sectors 250 Overall Total 701 Source: FDI Intelligence from Financial Times Ltd
  14. 14. (US $ billion) 35 •In 2010, the total amount 30 recorded US$23.1 billion. 25 20 15 10 5 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 By Sector
  15. 15. Part II.What happened inKorea in 2011
  16. 16. In 2011, South Korea’s trade volume is expected to surpass US$ 1trillion for the first time.Korea will be the 9th country in the world to reach that amount
  17. 17. Free Trade Agreement with US was ratified by Korean NationalAssembly and US Parliament after more than 5 years of negotiations.
  18. 18. The two companies have been confronting each other with theIP right issues since April 2011, and the legal disputes have spreadto numerous countries including USA, Japan and UK.Samsung Electronics overtook Apple as the world’s top smart phonemaker in 3Q 2011, with 23.8% market share.
  19. 19. South Korean financial regulators suspended 16 saving banks due totheir weak finances.South Korean saving banks saw an aggregate loss of millions of dollarsfrom Jul 2010 due to sluggish property market and an intensifyingcompetition in the consumerfinancing industry.
  20. 20. The four major rivers restoration project, which is a multi-purposegreen growth project on the Han, Nakdong, Geum and Yeonsanriver, was declared completed.The project’s aims were to improvewater security, flood controland ecosystem vitality and was firstannounced in 2009.
  21. 21. South Korean navy commandos rescued Samho Jewelry, with its 21crew members from pirates in the Arabian Sea on January.
  22. 22. There has been a rising interest about K-pop and Koreandramas in Europe, North America and Middle East.
  23. 23. Mr. Ahn Chul-Soo, a medical doctor-turned-software company CEOand currently a Seoul national university professor, emerged as areal dark horse in politics.
  24. 24. A serious outbreak of foot-and-mouth disease occurred.The disease has been confirmed at 118 farms across the country,leading to the slaughter of 1.7 million farm animals.
  25. 25. Part III.BusinessesBetween Korea and Israel 25
  26. 26. Bilateral Trade, Investment (Unit : Mil. $) 2001 2008 2009 2010 2011 (1~10)Export(Korea → Israel) 450 1,011 726 1,059 1,575 (+78.7%)Import(Israel → Korea) 341 895 691 769 580 (-7.7%) Total 791 1,906 1,417 1,828 2,155 (+42.8%) Korea’s Main Export Item to Israel Korea’s Main Import Item from Israel (Unit: 1,000 $) (Unit : 1,000 $) Rank Item Amount(2011) Rank Item Amount(2011) (단위 : 1 Automobile 394,344 1 Semiconductors 82,999 Million $) 2 Ship 278,723 2 Semiconductor Equip. 38,344 3 Mobile Phones 117,113 3 Copper and Scrap 37,834 4 Synthetic Resins 84,298 4 Aluminum and Scrap 29,825 5 Industrial Machinery 40,203 5 Measurement Equip. 27,708 ※ Source : Korea International Trade Association
  27. 27. Israeli Automobile Sales 2011(1-10)Rank Company Private SUV VAN Pick-Up TOTAL 1 Hyundai 24,452 3,077 314 - 27,843 2 Mazda 19,124 - - - 19,124 3 Toyota 15,109 1,126 39 373 16,647 4 KIA 10,493 1,785 1,016 - 13,294 5 Chevrolet 11,050 655 519 - 12,224 6 Suzuki 11,050 415 - - 11,034 7 Volkswagen 8,155 320 881 797 10,153Hyundai Main Models : i800, i10, i20, Getz, i25, i30, i35, Veloster, ix35, SantaFeKIA Main Models : Picanto, Rio, Forte, Soul, Ceed < Hyundai’s Best Seller, I30 > ※ 자료원 : 이스라엘자동차 수입 협회
  28. 28. Project : - Supply of jet trainer to Israel Company : - Korea Aerospace Industries Performance : - Maximum Speed : 1.5 Mach + - Range : 1,851 km General Characteristics : - Crew : 2 - Length : 12.98m - Wingspan : 9.17m - Height : 4.78m - Empty weight : 6,450 kg - Max takeoff weight : 13,500 kg< T-50 Gold Eagle, Korean super-sonic jet trainer > ※ Source : Wikipedia
  29. 29. Partners : Korean M-Ventures Investment Israeli CBG PartnersFunding Amount : US$ 33.3 MillionInvestment Target : Promising Korean / Israeli SMEs“Korea Venture Investment Corp”(Korea fund of funds)is backing this program
  30. 30. Part IV.The four seasons inKorea 31
  31. 31. Part V.Korea’s attractions as anInvestment destination 40
  32. 32. CHINA JAPAN
  33. 33.  79% of high school graduates wereadmitted to universities in 2010. 3rd largest foreign-student group in theU.S. Largest in China PISA (The Programme for InternationalStudent Assessment) ranks Korea, according toOECD statistics: 2nd in the world for reading 3rd in the world for math 5th in the world for science
  34. 34. National R&D: [Countries with most international- US$12 bil. (2000) → 31 bil. (2008) patent applications] World’s No. 1 in Patent Productivity (IMD) 300,000 R&D workforce R&D Expenditure Percentage of Rank Country GDP 1 Israel 4.60 2 Sweden 3.60 3 Finland 3.47 4 Japan 3.44 5 Korea 3.21 6 Switzerland 2.90 7 Taiwan 2.62 8 USA 2.62 9 Austria 2.56 10 Denmark 2.55 * Research targets: all countries Source: “Patents are a virtue: Which countries file for most * The basic year: 2007 (most recent data available) international patents?” * Source: IMD World Competitiveness Online Feb 8th 2010 | From The Economist online
  35. 35. Well-organized Highway Incheon Int’l Airport The total Gangwon Gyeonggi Province Province extension: North Chungcheong Province 3000 miles South North Gyeongsang Chungcheong Province• Best in passenger Province Source: KOSIS service by ACI for 6 years (since 2005) North Jeolla• World’s No.2 in cargo Province Busan Port volume South Gyeongsang Province South Jeolla Province Gwangyang Port : KTX 5th largest cargo handlingWorld’s 5th high-speedtrain World’s 17th (182M ton, 2008 )
  36. 36. Government Efficiency - Government decisions“Government decisions are effectively implemented.” (2010) Rank Country 1 Singapore 4 Malaysia 15 Korea 18 China 21 Hong Kong 23 Indonesia 24 Taiwan 35 USA *Image Courtesy: www.entrepreneurshipinabox.com, lssacademy.com 36 Japan 40 IndiaSource: IMD World Competitiveness Online
  37. 37. --- Green Government --- $90 billion for five years = 2% of annual average GDP • Green Industry • Energy IndependencePikes Peak International Hill Climb Championship Long-lasting lithium battery
  38. 38. ______ _______ _____ Large Market with Sophisticated Consumers Early adopters as a test market for new products The buying power of Korea’s brand-savvy consumers is increasing quickly Household Consumption Expenditure (US$ billion) 600 500 400 300 200 100 0 2005 2006 2007 2008 2009 ※ Source: IMD World Competitiveness Online_ Last updated: May 2010
  39. 39. Korea’s Free Economic Zone (FEZs) are self-contained living and business districts featuring air and sea transportation, logistics complex, international business center, financial services, residences, schools and hospitals, shopping and entertainment.Songdo, Cheongna, is located in the centerand Yeongjong arepositioned to become Incheon FEZ of Korea with the cheap ground price . /the Asian center of Songak, Inju, Poseung,logistics, int’l business,tourism and leisure. Yellow Sea FEZ and Hangnam Districts Daegu/ Gyeongbuk FEZBJFEZ offers direct Saemangeum/ has 11 zones that areaccess to Busan Port Gunsan FEZ well-equipped with theand world-class Busan-Jinhae FEZ necessary infrastructureshipbuilding, auto parts, for knowledge-basedmachinery, and Gwangyang FEZ industries and services.components industries. JDCGYFEZ is well-suitedfor the steel, petro- benefits from having achemical and logistics logistics hub located inindustries with direct the center of the zoneaccess to China, and the largestJapan, and ASEAN. development land.
  40. 40. Amended in Nov. 2007Corporate tax, income tax:100% for 5 yrs, 50% for 2 yrsAcquisition tax, registration tax, property tax:5-15 yrs To finance the construction of facilities orTariff for capital goods: 3 yrs the purchase of equipment related to the investmentReduction or exemption of rentSupport for building of infrastructure Subsidies for employment and education Support for the improvement of living and management environment CriteriaManufacturing – More than US$30 million FDI Tourism Industry – More than US$20 million FDILogistics & SOC – More than US$10 million FDI R&D Sector – More than US$2 million FDI
  41. 41. “Connecting Korean and Israeli Company to Make Business”Established in 1995.4.1 Name Position Email Yung-Sun Lee Director yslee@kotra.or.krAddress : 8th Fl. Beit Amot, Jun-Young Wohn Deputy Director jywohn@kotra.or.kr Menachem Begin Rd. Tel Aviv 66184 Sarah Bensoussan Marketing Manager saraben@netvision.net.il Jang-Bum Heo Marketing Manager jangheo@013net.netTel : 03-639-6488 Yoni Shkolnik 51 Marketing Manager yshkol@013net.netFax : 03-639-6489 Maria Levin Marketing Assistant maria_l@013net.net
  42. 42. Thank you
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