2. FOREIGN TRADE POLICY (S.KOREA) Seoul stated in 1987 that its foreign trade policy was structured for further expansion, liberalization, and diversification. Because of the paucity of natural resources and traditionally small domestic market, South Korea has had to rely heavily on international trade as a major source of development. Seoul also sought to diversify trading partners to ease dependence on a few specific markets and to remedy imbalances in the present tendency to bilateral trade.
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4. Increasing foreign investment can be used as one measure of growing economic globalization. Foreign direct investment (FDI) plays an extraordinary and growing role in global business.
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6. South Korea ranks 9th & Cumulative FDI inflows (net of ADRs/GDRs) from South Korea is US$ 0.76 billion (2.07%), excluding FDI inflows received for acquisition of existing shares (upto 1999), RBI’s-NRI Schemes, stock swapped & advance pending for issue of shares.
7. Total FDI approvals (net of ADRs/GDRs) during the last fifteen years are over US$ 70.33 billion.
14. SHARE OF TOP SECTORS ATTRACTING FDI INFLOWS FROM SOUTH KOREA : (from January 2000 to June 2006) (Amount in million) (i) Amount includes the inflows received through FIPB/SIA route, acquisition of existing shares & RBI’s automatic route only. (ii) The amount of FDI inflows in respect of the Country & Sector specific data is not provided by RBI, Mumbai prior to January 2000.
19. There was a substantial change in the environment of the financial sector in the mid-1980s. In 1986,
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24. Domestic credit to private sector (% of GDP) in South Korea. The Domestic credit to private sector (% of GDP) in South Korea was reported at 109.07 in 2008
