This document provides an introduction and overview of Seoul, South Korea as a global financial hub. It discusses Seoul's status as the capital and largest city of South Korea, with a population of over 10 million people. The document also outlines Seoul's favorable business environment, including its highly educated workforce, strong trade partnerships through numerous free trade agreements, and five-fold increase in foreign direct investment since the late 1990s.
The document is a corporate presentation by KEC International Limited from April 2011. It provides an overview of KEC International, including that it is a diversified global infrastructure EPC company with over 6 decades of experience. It has a presence in over 45 countries and annual revenues of $824 million with an order book of $1.7 billion. Power transmission is its largest business area, contributing over 70% of turnover.
Exploring brand person relationship group4Arjun Choudhry
The document profiles 3 consumers - Jean, Karen, and Vicky - and examines their relationships and brand associations. It finds that Jean has the strongest brand relationships due to her experience testing various brands and loyalty. Karen's relationships vary more based on price and influence from others. Vicki seeks variety but maintains consistency with brands that provide social value or status.
Thyrocare disrupted the Indian medical diagnostic industry through its competitive, leadership, and operational strategies:
1. It kept prices competitive and focused on preventive care diagnostics, offering a narrow set of 200 tests.
2. It maintained a lean management structure and low workforce with strong domain knowledge, resulting in low attrition.
3. Unlike competitors, it established a central lab and six regional labs under a franchise model, allowing for scale economies and high capacity utilization, while also incentivizing partners through increased commissions.
Adilabad district is located in northern Andhra Pradesh and borders Maharashtra. It is divided into 5 divisions with 52 total mandals. The district was named after Ali Adil Shah I, the ruler of Bijapur Sultanate. Major rivers include the Godavari and its tributaries. The district is known for the Gnana Saraswathi temple in Basara, dedicated to the goddess of learning. Other notable places include Pranahita Wildlife Sanctuary, Sivaram Wildlife Sanctuary, Kawal Wildlife Sanctuary, and the oldest ash mound discovered in Utnoor. The district has a population of ethnic Multani speaking Muslims and Lambada and Marathi speakers. A famous tribal festival to Nag
Mrs. fields cookies odc section c_group 9Karan Jaidka
Mrs. Fields had partially lost control due to their rapid expansion and changing organizational structure. They recorded losses in 1988 as their stores were closing. Their expenses had increased more than their sales. Their information system was not efficient after acquiring another company since applications needed updating and knowledge was lost due to staff downsizing. A modified information system was needed to meet their goals of personal involvement, less hierarchy, and quality control while helping with decision making and coordination as the company grew.
Home Solutions (India) Ltd - Kitchen SolutionsSamrat Mazumdar
Home Solutions (India) Limited promised to design and install a new kitchen for a customer within a specified timeframe. However, there were numerous delays and broken promises in delivering the project. The customer's expectations were not properly managed throughout the process. Issues included lack of communication between departments, unreliable estimates, poor quality control and unmet standards. After months of delays and incomplete work, the unhappy customer had an inferior kitchen that did not match what was promised.
Hero Cycles Limited was established in 1956 and became the largest bicycle manufacturer in India. In 1984, Hero Honda Motors Limited was established as a joint venture between Hero Cycles and Honda Motors of Japan to manufacture motorcycles. Hero Honda emerged as the market leader in motorcycles in India with over 47% market share. In 2011, Hero and Honda parted ways ending their joint venture, with Hero forming Hero MotoCorp and Honda setting up its own operations in India.
The document is a corporate presentation by KEC International Limited from April 2011. It provides an overview of KEC International, including that it is a diversified global infrastructure EPC company with over 6 decades of experience. It has a presence in over 45 countries and annual revenues of $824 million with an order book of $1.7 billion. Power transmission is its largest business area, contributing over 70% of turnover.
Exploring brand person relationship group4Arjun Choudhry
The document profiles 3 consumers - Jean, Karen, and Vicky - and examines their relationships and brand associations. It finds that Jean has the strongest brand relationships due to her experience testing various brands and loyalty. Karen's relationships vary more based on price and influence from others. Vicki seeks variety but maintains consistency with brands that provide social value or status.
Thyrocare disrupted the Indian medical diagnostic industry through its competitive, leadership, and operational strategies:
1. It kept prices competitive and focused on preventive care diagnostics, offering a narrow set of 200 tests.
2. It maintained a lean management structure and low workforce with strong domain knowledge, resulting in low attrition.
3. Unlike competitors, it established a central lab and six regional labs under a franchise model, allowing for scale economies and high capacity utilization, while also incentivizing partners through increased commissions.
Adilabad district is located in northern Andhra Pradesh and borders Maharashtra. It is divided into 5 divisions with 52 total mandals. The district was named after Ali Adil Shah I, the ruler of Bijapur Sultanate. Major rivers include the Godavari and its tributaries. The district is known for the Gnana Saraswathi temple in Basara, dedicated to the goddess of learning. Other notable places include Pranahita Wildlife Sanctuary, Sivaram Wildlife Sanctuary, Kawal Wildlife Sanctuary, and the oldest ash mound discovered in Utnoor. The district has a population of ethnic Multani speaking Muslims and Lambada and Marathi speakers. A famous tribal festival to Nag
Mrs. fields cookies odc section c_group 9Karan Jaidka
Mrs. Fields had partially lost control due to their rapid expansion and changing organizational structure. They recorded losses in 1988 as their stores were closing. Their expenses had increased more than their sales. Their information system was not efficient after acquiring another company since applications needed updating and knowledge was lost due to staff downsizing. A modified information system was needed to meet their goals of personal involvement, less hierarchy, and quality control while helping with decision making and coordination as the company grew.
Home Solutions (India) Ltd - Kitchen SolutionsSamrat Mazumdar
Home Solutions (India) Limited promised to design and install a new kitchen for a customer within a specified timeframe. However, there were numerous delays and broken promises in delivering the project. The customer's expectations were not properly managed throughout the process. Issues included lack of communication between departments, unreliable estimates, poor quality control and unmet standards. After months of delays and incomplete work, the unhappy customer had an inferior kitchen that did not match what was promised.
Hero Cycles Limited was established in 1956 and became the largest bicycle manufacturer in India. In 1984, Hero Honda Motors Limited was established as a joint venture between Hero Cycles and Honda Motors of Japan to manufacture motorcycles. Hero Honda emerged as the market leader in motorcycles in India with over 47% market share. In 2011, Hero and Honda parted ways ending their joint venture, with Hero forming Hero MotoCorp and Honda setting up its own operations in India.
Himont licensed its cutting edge technology for three key reasons: to generate licensing income for accelerated R&D, prevent competitors from entering the market, and build a rapid global market presence through partnerships. The contract clauses helped address licensor-licensee problems by obtaining feedback to accelerate learning, identifying core technologies, and establishing a self-sustaining licensing cycle of value creation, monetization, and reinvestment.
This document provides an overview of mergers and acquisitions (M&A). It defines M&A as the buying, selling, dividing, and combining of companies. It distinguishes between mergers, where two companies combine to form a new entity, and acquisitions, where one company purchases another. The document discusses different types of acquisitions like private vs public and friendly vs hostile. It also outlines different structures used to secure control of assets like purchasing stock or assets. Finally, it summarizes key components of successful acquisitions like documentation, knowledge exchange, management of executives, and technology/capability transfer.
The document provides a situational analysis and recommendations for Aqualisa's Quartz product. It analyzes the company, channels, customers, competition, and identifies problems with low brand awareness among plumbers and consumers. It recommends a differentiation strategy focusing on educating plumbers in the short term and developing the plumber community while investing in large consumer campaigns to build the brand over the long term.
The document analyzes potential market segments for Vanraj Mini-Tractors. It recommends targeting small farmers as the primary segment as they have significant need and Vanraj offers cost benefits over bullocks or rented tractors. Semi-medium and medium farmers in horticulture are also recommended segments as Vanraj is suitable for their intercultural operations and land sizes. The analysis includes cost-benefit tables comparing options for different farm sizes and concludes Vanraj provides incremental benefits for small to medium sized farms.
Sales Soft faces a dilemma on whether to continue developing its comprehensive sales automation software PROCEED or divert resources to a sales forecasting software called Trojan Horse. While Trojan Horse could generate quicker revenue, it would mean abandoning the original goal of becoming a leader in the high-end sales automation market. A long-term analysis shows that continuing PROCEED's development is more profitable, as it has no threats from competitors and is projected to generate over $30 million in revenue by 1998 compared to under $10 million for Trojan Horse. Therefore, to achieve its long-term objectives, Sales Soft should choose the PROCEED option over the diversion to Trojan Horse for short-term gains.
The document discusses a study of the service blueprint at M&M Car Service station. It identifies key stages in the car service process, including pre-service, service, and post-service. It also analyzes the types of services offered, facility details like service bays and time estimates versus actual times. The blueprint maps the customer journey and identifies bottlenecks like washing. It evaluates the service quality dimensions and scopes for improvement such as tracking vehicle status and introducing check sheets.
D.light designs and sells affordable solar lanterns in developing countries. It sells its three product lines - S2, S20, S300 - through local dealers and distributors in 32 countries. The lanterns provide bright, clean lighting as an alternative to kerosene lanterns. D.light faces challenges in building credibility, creating a new product category, and overcoming the legacy of kerosene, but sees opportunities through demonstrating quality, trustworthy distribution partners, and emphasizing solar's advantages over kerosene.
Village Volvo provides several service packages including core repair services and additional routine maintenance services. They aim to make customers feel convinced, comfortable, and trusted through high quality services and a customer-focused environment. Village Volvo also aims to differentiate itself from other dealers through service excellence, integrated call centers, proactive after sales service, and touchpoint management to ensure a consistent customer experience.
Wayanad-The-Touristry-Heaven to the tour.pptxcosmo-soil
Wayanad, nestled in Kerala's Western Ghats, is a lush paradise renowned for its scenic landscapes, rich biodiversity, and cultural heritage. From trekking Chembra Peak to exploring ancient Edakkal Caves, Wayanad offers thrilling adventures and serene experiences. Its vibrant economy, driven by agriculture and tourism, highlights a harmonious blend of nature, tradition, and modernity.
The Power of a Glamping Go-To-Market Accelerator Plan.pptxRezStream
Unlock the secrets to success with our comprehensive 8-Step Glamping Accelerator Go-To-Market Plan! Watch our FREE webinar, where you'll receive expert guidance and invaluable insights on every aspect of launching and growing your glamping business.
How To Talk To a Live Person at American Airlinesflyn goo
This page by FlynGoo can become your ultimate guide to connecting with a live person at American Airlines. Have you ever felt lost in the automated maze of customer service menus? FlynGoo is here to rescue you from endless phone trees and automated responses. With just a click or a call to a specific number, we ensure you get the human touch you deserve. No more frustration, no more waiting on hold - we simplify the process, making your travel experience smoother and more enjoyable.
Un viaje a Buenos Aires y sus alrededoresJudy Hochberg
A travelogue of my recent trip to Argentina, most to Buenos Aires, but including excursion to Iguazú waterfalls, Tigre, and Colonia del Sacramento in Uruguay
BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. Get information in this PDF and simplyfy your visa process.
Assessing the Influence of Transportation on the Tourism Industry in Nigeriagsochially
This research dissertation investigates the complex interplay between transportation and the tourism industry in Nigeria, aiming to unravel critical insights that contribute to the enhancement of the overall tourist experience. The study employs a multi-faceted approach, literature review establishes a robust theoretical framework, incorporating The Service Quality and Satisfaction Theory to guide the research questions and hypotheses.
The methodology involves the distribution of a structured questionnaire, ensuring a representative sample and facilitating a comprehensive analysis of the gathered data.
Key findings include the nuanced perceptions of transportation infrastructure adequacy, safety and security concerns, financial influences on travel decisions, and the cultural and ecological impacts of transportation choices. These findings culminate in a comprehensive set of recommendations for policymakers and practitioners in the Nigerian tourism industry. The findings contribute to the existing literature by providing actionable insights for policymakers, stakeholders, and researchers in the Nigerian tourism sector.
The recommendations encompass gender-sensitive planning, infrastructure enhancements, safety measures, and strategic interventions to address financial constraints, ensuring a holistic and sustainable development of the tourism industry in Nigeria.
Author: Imafidon Osademwingie Martins
How do I plan a Kilimanjaro Climb?
Planning to climb Mount Kilimanjaro is an exciting yet detailed process. Here’s a step-by-step guide to help you prepare for this incredible adventure.
Best Places to Stay in New Brunswick, Canada.Mahogany Manor
New Brunswick, a picturesque province in eastern Canada, offers a plethora of unique and charming places to stay for every kind of traveler. From the historic allure of Fredericton and the vibrant culture of Saint John to the natural beauty of Fundy National Park and the serene coastal towns like St. Andrews by-the-Sea, there's something for everyone. Whether you prefer luxury resorts, cozy inns, rustic lodges, or budget-friendly options, the best places to stay in New Brunswick ensure a memorable stay, allowing you to fully immerse yourself in the province's rich history, stunning landscapes, and warm hospitality.
https://www.mmanor.ca/blog/best-5-bed-and-breakfast-new-brunswick-canada
Our excursions in tahiti offer stunning lagoon tours, vibrant marine life encounters, and cultural experiences. We ensure unforgettable adventures amidst breathtaking landscapes and serene waters. For more information, mail us at tracey@uniquetahiti.com.
Himont licensed its cutting edge technology for three key reasons: to generate licensing income for accelerated R&D, prevent competitors from entering the market, and build a rapid global market presence through partnerships. The contract clauses helped address licensor-licensee problems by obtaining feedback to accelerate learning, identifying core technologies, and establishing a self-sustaining licensing cycle of value creation, monetization, and reinvestment.
This document provides an overview of mergers and acquisitions (M&A). It defines M&A as the buying, selling, dividing, and combining of companies. It distinguishes between mergers, where two companies combine to form a new entity, and acquisitions, where one company purchases another. The document discusses different types of acquisitions like private vs public and friendly vs hostile. It also outlines different structures used to secure control of assets like purchasing stock or assets. Finally, it summarizes key components of successful acquisitions like documentation, knowledge exchange, management of executives, and technology/capability transfer.
The document provides a situational analysis and recommendations for Aqualisa's Quartz product. It analyzes the company, channels, customers, competition, and identifies problems with low brand awareness among plumbers and consumers. It recommends a differentiation strategy focusing on educating plumbers in the short term and developing the plumber community while investing in large consumer campaigns to build the brand over the long term.
The document analyzes potential market segments for Vanraj Mini-Tractors. It recommends targeting small farmers as the primary segment as they have significant need and Vanraj offers cost benefits over bullocks or rented tractors. Semi-medium and medium farmers in horticulture are also recommended segments as Vanraj is suitable for their intercultural operations and land sizes. The analysis includes cost-benefit tables comparing options for different farm sizes and concludes Vanraj provides incremental benefits for small to medium sized farms.
Sales Soft faces a dilemma on whether to continue developing its comprehensive sales automation software PROCEED or divert resources to a sales forecasting software called Trojan Horse. While Trojan Horse could generate quicker revenue, it would mean abandoning the original goal of becoming a leader in the high-end sales automation market. A long-term analysis shows that continuing PROCEED's development is more profitable, as it has no threats from competitors and is projected to generate over $30 million in revenue by 1998 compared to under $10 million for Trojan Horse. Therefore, to achieve its long-term objectives, Sales Soft should choose the PROCEED option over the diversion to Trojan Horse for short-term gains.
The document discusses a study of the service blueprint at M&M Car Service station. It identifies key stages in the car service process, including pre-service, service, and post-service. It also analyzes the types of services offered, facility details like service bays and time estimates versus actual times. The blueprint maps the customer journey and identifies bottlenecks like washing. It evaluates the service quality dimensions and scopes for improvement such as tracking vehicle status and introducing check sheets.
D.light designs and sells affordable solar lanterns in developing countries. It sells its three product lines - S2, S20, S300 - through local dealers and distributors in 32 countries. The lanterns provide bright, clean lighting as an alternative to kerosene lanterns. D.light faces challenges in building credibility, creating a new product category, and overcoming the legacy of kerosene, but sees opportunities through demonstrating quality, trustworthy distribution partners, and emphasizing solar's advantages over kerosene.
Village Volvo provides several service packages including core repair services and additional routine maintenance services. They aim to make customers feel convinced, comfortable, and trusted through high quality services and a customer-focused environment. Village Volvo also aims to differentiate itself from other dealers through service excellence, integrated call centers, proactive after sales service, and touchpoint management to ensure a consistent customer experience.
Wayanad-The-Touristry-Heaven to the tour.pptxcosmo-soil
Wayanad, nestled in Kerala's Western Ghats, is a lush paradise renowned for its scenic landscapes, rich biodiversity, and cultural heritage. From trekking Chembra Peak to exploring ancient Edakkal Caves, Wayanad offers thrilling adventures and serene experiences. Its vibrant economy, driven by agriculture and tourism, highlights a harmonious blend of nature, tradition, and modernity.
The Power of a Glamping Go-To-Market Accelerator Plan.pptxRezStream
Unlock the secrets to success with our comprehensive 8-Step Glamping Accelerator Go-To-Market Plan! Watch our FREE webinar, where you'll receive expert guidance and invaluable insights on every aspect of launching and growing your glamping business.
How To Talk To a Live Person at American Airlinesflyn goo
This page by FlynGoo can become your ultimate guide to connecting with a live person at American Airlines. Have you ever felt lost in the automated maze of customer service menus? FlynGoo is here to rescue you from endless phone trees and automated responses. With just a click or a call to a specific number, we ensure you get the human touch you deserve. No more frustration, no more waiting on hold - we simplify the process, making your travel experience smoother and more enjoyable.
Un viaje a Buenos Aires y sus alrededoresJudy Hochberg
A travelogue of my recent trip to Argentina, most to Buenos Aires, but including excursion to Iguazú waterfalls, Tigre, and Colonia del Sacramento in Uruguay
BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. Get information in this PDF and simplyfy your visa process.
Assessing the Influence of Transportation on the Tourism Industry in Nigeriagsochially
This research dissertation investigates the complex interplay between transportation and the tourism industry in Nigeria, aiming to unravel critical insights that contribute to the enhancement of the overall tourist experience. The study employs a multi-faceted approach, literature review establishes a robust theoretical framework, incorporating The Service Quality and Satisfaction Theory to guide the research questions and hypotheses.
The methodology involves the distribution of a structured questionnaire, ensuring a representative sample and facilitating a comprehensive analysis of the gathered data.
Key findings include the nuanced perceptions of transportation infrastructure adequacy, safety and security concerns, financial influences on travel decisions, and the cultural and ecological impacts of transportation choices. These findings culminate in a comprehensive set of recommendations for policymakers and practitioners in the Nigerian tourism industry. The findings contribute to the existing literature by providing actionable insights for policymakers, stakeholders, and researchers in the Nigerian tourism sector.
The recommendations encompass gender-sensitive planning, infrastructure enhancements, safety measures, and strategic interventions to address financial constraints, ensuring a holistic and sustainable development of the tourism industry in Nigeria.
Author: Imafidon Osademwingie Martins
How do I plan a Kilimanjaro Climb?
Planning to climb Mount Kilimanjaro is an exciting yet detailed process. Here’s a step-by-step guide to help you prepare for this incredible adventure.
Best Places to Stay in New Brunswick, Canada.Mahogany Manor
New Brunswick, a picturesque province in eastern Canada, offers a plethora of unique and charming places to stay for every kind of traveler. From the historic allure of Fredericton and the vibrant culture of Saint John to the natural beauty of Fundy National Park and the serene coastal towns like St. Andrews by-the-Sea, there's something for everyone. Whether you prefer luxury resorts, cozy inns, rustic lodges, or budget-friendly options, the best places to stay in New Brunswick ensure a memorable stay, allowing you to fully immerse yourself in the province's rich history, stunning landscapes, and warm hospitality.
https://www.mmanor.ca/blog/best-5-bed-and-breakfast-new-brunswick-canada
Our excursions in tahiti offer stunning lagoon tours, vibrant marine life encounters, and cultural experiences. We ensure unforgettable adventures amidst breathtaking landscapes and serene waters. For more information, mail us at tracey@uniquetahiti.com.
2. SEOUL, Welcome to The New Leading Global Financial Hub SEOUL, Welcome to The New Leading Global Financial Hub
Table of Contents
04 4 introduction of Seoul & Korea at a glance
14 14 economy and Finance
30 30 Finance city, Seoul
42 42 useful guidelines for Foreign investors
6 Global City, Seoul 18 Real economy 34 Yeouido International Financial District 44 Seoul Global Center
8 Business environment 20 Attractiveness of Capital Market 37 IFC Seoul 46 Support for Business Setup: Fn Hub Korea
10 local environment 24 Current Status of Financial Industry 40 Introduction of 2009, 2010 overseas IR events 47 licensing Handbook: Fn Hub Korea
12 History and Culture 25 Current Status of Financial Industry Market by Sector 48 FAQ: Fn Hub Korea
28 Current Status of Financial Support 49 Seoul Selected by Global Companies
Industries Market by Sector 50 Seoul Selected by Global Companies Macquarie
51 Seoul Selected by Global Companies Credit Suisse
52 useful links
53 epilogue
Seoul, Welcome to the NeW leadiNg global FiNaNcial hub
Welcome to Seoul, the center of Korea’s economy, politics and culture. Seoul, the dynamic capital of sparkling Korea, harmonizing 600
years of tradition and state-of-the-art information technology, is striving to gain recognition as a city where international visitors and
residents want to ‘visit, invest, work and live.’
Seoul has emerged into the spotlight on the global stage and received international attention by hosting various major events including the
1988 Seoul olympics, 2002 FIFA World Cup and the G20 summit in 2010. However, Seoul is still a city shrouded in mystery for some.
This brochure is designed to provide a better understanding of Seoul to investors and business leaders. We hope you find various aspects
from the pages that arouse your interest in the city. We also expect that the city of Seoul will eventually become the most ‘must-see’
financial hub in Northeast Asia.
2 Table of Contents
Introduction of Seoul & Korea at a Glance Introduction of Seoul & Korea at Prologue
a Glance 3
3. SEOUL, Welcome to The New Leading Global Financial Hub SEOUL, Welcome to The New Leading Global Financial Hub
Introduction of Seoul
& Korea at a Glance
Seoul is a place to achieve all your financial goals and dreams
Korea Seoul
Nunber of foreigners (in 2009) 870,636 255,749
Language Korean, but English is widely spoken
Average income per household
About $35,280 About $38,766
(in 2010)
Mean 14.2˚C Mean 12.9˚C
Air temperature (in 2009)
Lowest -20.5˚C ~ Highest 38.3˚C Lowest -12.9˚C ~ Highest 34.4˚C
GDP/GDRP (in 2009) About USD 913 billion About USD 221 billion
Machinery, Automobiles, Steel, Shipping,
Finance, Tourism, IT,
Key industries Construction, Electronics, Semiconductor,
Conventions, etc.
Petrochemical, Telecommunication
Ratified FTA Korea-Singapre FTA, Korea-ASEAN FTA, Korea-India CEPA
Signed and negotiated FTA Korea-The U.S. FTA, Korea-EU FTA
*as of February, 2011
10,039,000 9,459
out of 48,875,000 out of 20,543
in Korea in Korea
Foreign Seoul
Population Firms Korea
(in 2010)
4 Introduction of Seoul & Korea at a Glance Introduction of Seoul & Korea at a Glance 5
4. SEOUL, Welcome to The New Leading Global Financial Hub SEOUL, Welcome to The New Leading Global Financial Hub
Introduction of Seoul & Korea at a Glance
gdP
(unit : US$ 100million) (unit: US$)
The GRDP of Seoul is uSD226,856 million (per capita GRDP,
1,000 - - 25,000
uSD 22,597) which accounts for 24.1% of Korea’s total GDP.
GDP GNI per Capita
Global City, Seoul The city’s economic growth rate against GDP continues to rise
growing from 2.2% in 2008 to 3.2% in 2009 (third quarter).
800 -
969.9
20,045
939.4
22,597
- 20,000
600 - - 15,000
Population and area 400 - - 10,000
The area of Seoul is 605km², or 0.6% of Korea’s total area
200 - - 5,000
(100,032km²), and consists of 25 autonomous districts (gu). 67
1.3
The population of Seoul was 10,039,000 as of the end of 0- -0
2010, accounting for 20.5% of the total population of Korea
53
60
70
80
90
00
07
10
19
19
19
19
19
20
20
20
(48,875,000). Including Gyeonggi-do, the province surrounding *Source: Bank of Korea (2008)
Seoul, the figure soars to 24,336,000, representing about 49.8%
1hrs~2hrs of the total population of Korea, creating a highly integrated con-
sumer market. While Seoul has a high population density, the city
4hrs~ 3hrs~4hrs 2hrs~3hrs has green areas covering 26% (157km²) of its entire area thanks to
policies of the city administration to increase the amount of green
space for Seoul’s residents.
Dobong-gu
Area: 20.7km2
Population: 377,000
Gangbuk-gu
Area: 23.6km2
Population: 346,000 Nowon-gu
Eunpyeong-gu Area: 35.4km2
Area: 29.7km2 Population: 621,000
geographical benefits, a global city Area and Population of Seoul by Ward Population: 463,000
Seoul, the capital city of the Republic of Korea located in the far eastern region of the Asian continent, is a main gateway to and a
Seongbuk-gu Jungnang-gu
logistics hub of Northeast Asia whose production accounts for one third of the world’s total output. The city has favorable conditions for Area: 24.6km2 Area: 18.5km2
Population: 481,000 Population: 433,000
single-day business trip as there are 51 megacities with a population of over one million within a 3-4 hour flight.
Jongno-gu Dongdaemun-gu
Area: 23.9km2 Area: 14.2km2
Seodaemun-gu
Population: 178,000 Population: 382,000
Area: 17.6km2
Gangseo-gu
Seoul Republic of Korea Population: 341,000
Jung-gu
Area: 20.7km2
Area: 20.7km2 Gangdong-gu
Population: 584,000 Mapo-gu Seongdong-gu
Population: 139,000 Area: 24.6km2
Area 605km 2
100,032km 2
Area: 23.9km2
Area: 16.9km2 Gwangjin-gu Population: 474,000
Population: 393,000
Population: 323,000 Area: 17.1km2
Population 10,039,000 48,875,000 Population: 387,000
Yongsan-gu
Yeongdeungpo-gu Area: 21.8km2
Location Northwest of the Republic of Korea Northeast Asia (between China and Japan)
Yangchen-gu Area: 24.6 km2 Population: 251,000
Area: 17.4km2 Population: 444,000 Songpa-gu
Language Korean Population: 508,000 Dongjak-gu Area: 33.9km2
Area: 16.4km2 Population: 677,000
Currency Won (USD 1 = KRW 1,134.8, average exchange rate 2010) Guro-gu Population: 411,000 Gangnam-gu
Area: 20.7km2
Area: 39.5km2
System of Government Presidential System Population: 449,000 Seocho-gu
Population: 566,000
Area: 47.0km2
Gwanak-gu Population: 412,000
·Asia’s 4th, and the world’s 15th largest economy Area: 29.6km2
·High growth potential Geumcheon-gu Population: 552,000
Area: 13.0km2
· ain industries: shipbuilding (world’s top), semiconductor(world’s 3rd), petrochemicals(world’s 3rd), electronics(world’s 4th),
M
Economy Population: 265,000
automobile(world’s 4th), steel(world’s 6th), etc.
·Strong IT infrastructure and cutting-edge information and communication network
·Excellent accessibility to emerging Asian markets
6 Global City, Seoul Global City, Seoul 7
5. SEOUL, Welcome to The New Leading Global Financial Hub SEOUL, Welcome to The New Leading Global Financial Hub
Introduction of Seoul Korea at a Glance
Korea and Free trade agreements (Fta) Foreign direct investment (Fdi), 5-Fold increase
The Korean government continues to push ahead with free trade The Asian financial crisis in the late 1990s led Korea to imple-
agreements(FTA) as a main policy to boost market opening and ment more active policies to attract foreign direct investment.
Business environment free trade. As a result of active FTA, Korea is able to provide
more favorable environments for foreign investors such as a larger
The cumulative amount of inbound foreign direct investment
since the financial crisis (i.e. 1998-2008) is five times larger than
common market via protection of investors’ rights, expansion of between 1962, the year when Korea started her industrialization
markets and increased market accessibility. efforts, and 1997. Foreign investment into Korea continues to
rise, as does the number of foreign-invested firms.
Effective FTAs
•Korea-Chile FTA Effective on Apr. 1, 2004
•Korea-Singapore FTA Effective on Mar. 2, 2006
trade Volume •Korea- EFTA FTA Effective on Sep. 1, 2006 talented human Resources
•Korea- ASEAN FTA Effective on Jun. 1, 2007
Korea has posted consistent increases in trade volume to become the 7th largest trading nation in the world in 2010. Seoul, recording Services effective on May 1, and investments on Sep. 1, 2009 Financial professionals with in-depth knowledge and leadership
uSD 4,674 billion in exports and posting uSD 417 in trade surplus. •Korea-India CEPA Effective on Jan. 1, 2010
skills are essential to compete in sophisticated global financial
FTAs awaiting ratification markets. More than 40% of Seoul residents hold a bachelor’s
Increase of Trade Volume (after customs clearance) *Source: Korea International Trade Association •Korea-USA FTA Signed on Jun. 30, 2007 degree or above, while 54 universities in Seoul confer master’s and
•Korea-EU FTA Tentatively signed on Oct. 15, 2009
doctoral degrees to 35,000 students annually. In addition, there
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
FTAs under negotiation are 75,000 researchers working in 2,466 research institutes (69
Exports 1,722 1,504 1,624 1,938 2,538 2,844 3,254 3,714 4,220 3,635 4,674
•Korea-Canada FTA affiliated with universities and 2,937 with businesses) in Seoul.
•Korea-Mexico FTA
Imports 1,604 1,410 1,521 1,788 2,244 2,612 3,093 3,568 4,353 3,231 4,257
•Korea-GCC FTA
•Korea-Australia FTA Through the city’s abundant academic and research facilities,
•Korea-New Zealand FTA
•Korea-Peru FTA Seoul is making diverse efforts to nurture high caliber human
4,500 -
4,000 -
•Korea-Colimbia FTA resources. Many universities are offering MBA courses in which
3,500 - FTAs under preparation or joint study english is the only language spoken during lectures to develop
3,000 -
•Korea-Japan FTA highly skilled manpower for international exchanges in the areas
2,500 - •Korea-China FTA
of management and finance.
2,000 - •Korea-China-Japan FTA
1,500 - •Korea-MERCOSUR FTA
Exports (after customs clearance / Unit : USD billion) •Korea-Turkey FTA
1,000 -
Imports (after customs clearance / Unit : USD billion) •Korea-Russia FTA
500 -
•Korea-Israel FTA
0-
•Korea-SACU FTA
00
01
02
03
04
05
06
07
08
09
10
20
20
20
20
20
20
20
20
20
20
20
*Source : FTA, Ministry of foreign Affairs and Trade (www.fta.go.kr)
2011, 2012 Prospects for the Korean economy (gdP)
Investment Promotion systems in Major Asian countries *Source : survey by the Korea Business Center of KOTRA (September 2009)
The Korea's GDP growth rate recorded 6.1% in 2010. The oeCD forecasts that Korean economy is expected to grow by 4.3% in 2011
and 4.8% in 2012. Korea’s economy is recovering faster than any other oeCD member thanks to an expansionary fiscal policy imple- City Seoul Beijing Hong Kong
mented until the third quarter of 2009 as well as excellent export performance. The effects of fiscal spending may gradually be weakened Treatment of domestic and Separate support programs Separate support programs for
same treatment
after 2010. However the Korean economy is forecasted to grow 4.3% (4.7% for the fourth quarter) in 2011, thanks to stock accumula- foreign companies for all foreign invested companies selected foreign invested companies
tion, steady export growth, recovery in domestic consumption and a reduced unemployment rate. Korea’s mid-term growth rate between -Subsidy (for the establishment of regional
2011 and 2012 is expected to be 4.5%. Main incentive Tax exemption or reduction HQs by multinational corporations)
-Tax exemption or reduction
*Source: OECD
-Attraction of high technologies -Attraction of multinational corporations’ regional HQs No separate
Purpose of incentives
-Development of business support services -Development of high-tech industries and services incentives
Number of Foreign-Invested Companies
-Tax exemption or reduction -Subsidy to multinational corporations’ regional HQs
1997 2000 2003 2006 May 18, 2009
Incentive types -Support for business location -Tax exemption or reduction (i.e. corporate income tax
2,274 4,880 8,135 13,034 17,054 -Cash support and export-related taxation)
8 Business environment Business environment 9
6. SEOUL, Welcome to The New Leading Global Financial Hub SEOUL, Welcome to The New Leading Global Financial Hub
Introduction of Seoul Korea at a Glance
medical Facilities education
1339 Facilities
1339 is the number of the emergency Medical Information There are currently 21 international schools in Seoul.
local environment Center. When 1339 is dialed, english-speaking doctors assist
foreigners, providing them with relevant medical information on
Seoul (city) is planning to establish two more by 2012. Dulwich
College, a prestigious private school in the united Kingdom, was
emergency situations 24 hours a day. To use the service, dial 1339 founded in Seoul in September 2010. The Dwight School, a well-
directly without area code. However, when you call by mobile known school in Manhattan, New York, will establish a branch
phone or outside Seoul, dial 02-1339. school in Seoul in 2011. These efforts will add to an excellent edu-
cational environment for the children of foreign families residing
Seoul global center in Seoul.
it infrastructure The center’s MRS (Medical Referral Service) operates 24 hours a
Seoul is regarded worldwide as a leading IT city, with top-notch information and communications infrastructure. According to a study day to guide foreign residents in Seoul for better medical services. expense
conducted here by oxford university in 2010, Korea ranked number 1 in terms of high-speed Internet quality. And according to the There are 14 medical centers for foreigners in Seoul. The table below gives a brief overview of educational expenses in
Rutgers Global e-Governance Survey in 2009, Seoul again ranked number 1 in the world in e-government since 2003. (Contact Info: 010-4769-8212, 010-8750-8212) Seoul and other major Asian cities, showing that foreign residents
in Seoul spend less than those in comparable cities.
transportation health insurance for Foreign Nationals
With a population of over 10 million, Seoul is currently one of the largest megacities in the world. The National Health Insurance Corporation of Korea operates
However, the recently completed public transportation system offers citizens a comfortable means of public transport to all corners of healthcare insurance programs not just for Workplace Policyhold-
the capital. The public transportation system of Seoul has been benchmarked by many countries. ers and Community Policyholders but also for foreign residents
who hold an insurance policy with it. under the program, foreign
bus Subway air policyholders pay only 20% of the medical bill when hospitalized,
The network of bus services in Seoul is Consisting of 11 lines that form a huge Seoul has two airports, Gimpo Airport and or 30-50% when they receive outpatient care. There are also pro-
comprised of four groups of buses marked transportation network connecting the Incheon International Airport, to link it grams applicable to international medical insurance policyholders.
by four different colors representing entire city and its surrounding areas, Seoul with other cities in Korea and the world.
Branch line, Main line, Circle line and subways are generally regarded as the most Gimpo Airport is a hub of Korea’s domestic Educational Facilities *Source: Guide for Foreign Residents in Seoul
Inter City. Services normally start at 04:00 convenient, safe and comfortable public flights connecting the Korean capital and
Classification Description
in the morning and end at 01:00 the transportation means to travel around with its regional centers. Incheon Interna-
A foreign investor may have their child enrolled at a Korean school if he or she is a fluent Korean speaker. Korean schools are
following morning. each bus stop has an Korea’s capital area. tional Airport serves international travel- Korean school
generally divided into public and private schools, and elementary education at public schools is offered at no cost.
information display, which provides route ers departing Seoul to a great choice of
Some foreign investors may choose to have their child educated via homeschooling programs via the website,
and schedule information of buses in real- destinations around the world. The airport Home schooling
Homeschool.com, or the United States Distance Learning association (www.usdla.org)
time, for the convenience of citizens. was selected as ‘Top of the World’ in the
International International school is the most popular choice of the three among foreign investors in Seoul as it offers better quality
AeTRA World Airport Satisfaction Survey.
school school programs than the other two.
Incheon also has garnered the top spot in
the ACI Airport Service Quality (ASQ)
passenger survey for five consecutive years. Educational Spending (Unit: US$)
Seoul Singapore Hong Kong
School Level Seoul foreign Korea Kent Foreign English School of Yew Chung International
SAS 1) OFS 2)
school School Foundation school
Kindergarten 5,164 10,696 16,140 11,416 7,259 7,899
Primary school 10,788 11,213 19,406 12,684 6,891 16,007
Middle School 10,733 11,803 20,548 13,952
10,585 13,284
High school 13,592 12,688 21,816 15,855
10 local environment local environment 11
7. SEOUL, Welcome to The New Leading Global Financial Hub SEOUL, Welcome to The New Leading Global Financial Hub
Introduction of Seoul Korea at a Glance
Seoul is a creative city where state-of-the art-technology and natural beauty coexist in true harmony. Seoul has been striving to achieve
an eco-friendly environment for better quality of life while maintaining its competitiveness by constructing modern infrastructure on a
global scale. Related projects include construction of large-scale green areas like Cheonggyecheon, the Floating Islands, and introduction
History and Culture of innovative designs in Dongdaemun Design Plaza. Thanks to these efforts, Seoul was designated as the World Design Capital 2010
in an evaluation by the International Council of Societies of Industrial Design. Seoul was designated as the 2010 World Design Captial
and uNeSCo Creative City for Design.
dongdaemun design Plaza
Dongdaemun Design Plaza, the symbol of the World Design Capital Seoul 2010, is a landmark of the creative industry in the heart
of Seoul. Dongdaemun Design Plaza represents Seoul’s aim to become the hub of Asia’s design industry. The facility houses a multi-
Seoul, a city with a modern skyline and cutting-edge technology, still retains numerous features of its historic traditions. It is one of a purpose convention hall and a number of exhibition halls that provide a test-bed platform for various corporate design products as well
few cities in the world where residents live an urban life while enjoying classic oriental beauty. The people of Seoul and international as a venue for international cultural exchanges and cooperation. The plaza’s uniquely and specially designed features vividly showcase the
visitors can savor the diverse cultural characteristics everyday throughout the city. beauty of Seoul.
insadong – a mixture of history and modern times cheonggyecheon
Insadong, the name of a downtown area in Seoul, has been favored by local residents and foreigners for a long time due to its sustained Cheonggyecheon, a 5.8 km stream running through downtown Seoul, has been restored to provide a clean and pleasant modern public
traditional environment. Insadong encompasses a mix of traditional and modern atmospheres, representing the “culture of the past and recreation space. Considered as a major success in urban renewal and beautification, Cheonggyecheon represents the new urban struc-
the present.” Insadong has been the largest market for antiques and artwork in Korea and now is well known as a historical district. ture connecting cultural and environmental resources. All along Cheonggyecheon, local residents and visitors enjoy clean water, fresh air,
and natural habitats in the center of the city.
galleries museums
Seoul abounds in cultural facilities of all kinds, where people can enjoy exhibitions and stage performances throughout the year. There
are 358 museums in Korea, with 31 being funded and operated by the central government, including the National Museum of Korea,
National Palace Museum of Korea and the National Folk Museum located in downtown Seoul.
The National Museum of Contemporary Art, located in a scenic park in Gwacheon, just south of Seoul, features an extensive collec-
tion of Korean and Western art works of the 20th century. Seoul Museum of Art near City Hall is another significant contemporary art
museum that holds six exhibition halls, additional rooms for lectures and seminars and other related facilities.
12 History and Culture History and Culture 13
8. SEOUL, Welcome to The New Leading Global Financial Hub SEOUL, Welcome to The New Leading Global Financial Hub
economy Finance
Seoul is showing rapid growth as a financial center of Asia
14 economy Finance economy Finance 15
9. SEOUL, Welcome to The New Leading Global Financial Hub SEOUL, Welcome to The New Leading Global Financial Hub
economy Finance economy Finance
current Status of Seoul Financial industry The GRDP of Seoul, the business and financial services center of
The Korean government has focused on making Seoul a world-class Korea, accounts for 24% of the country’s GDP (Bank of Korea,
city with a business environment that is attractive to foreign investors 2010). Furthermore, 250 multinational corporations are located in
economy Finance and financial professionals. In this regard, the government proposed
the “Roadmap to Create a Financial Center in Northeast Asia” and
Seoul, including a number of Fortune 500 corporations. And 144
out of 146 foreign financial service institutions currently operating in
economy Finance
designated the Yeouido district as Seoul’s official financial cluster to Korea are located in Seoul. Moreover, 8,854 financial and insurance
improve the city’s financial competitiveness in January 2009. In late service providers - 24.8% of the country’s total- are located in Seoul,
2009, the domestic stock market achieved a landmark as the FTSe while 227,935 financial and insurance service workers - 36.8% of the
raised the global equity index series of Korea from ‘advance emerging’ country’s total - work in Seoul.
to ‘developed’. The central government, the city and private enterpris-
es are putting forth a greater effort to make Seoul one of the top three international Features
Seoul hits a record high financial hubs in Asia by 2015. Seoul’s significance as a production and consumption market has con- 250 Multinational
in the Global Financial tinued to increase with regard to the Northeast Asian economic block Corporations,
Seoul hits a record highin the gFci, ranking 24th, continuing (Korea, China and Japan). Some international organizations expect
Centres Index (GFCI) its rapid ascent over the last two years that the scale of the block economy will eventually be comparable to
144 foreign Financial
The 8th Global Financial Centres Index (GFCI) was published, once that of the eu and NAFTA by 2020. of the three Northeast Asian Institutions
again verifying Seoul as a competitive city among global financial cen- countries, Korea’s importance is being heightened as the government
ters worldwide with reliable scores. The GFCI is calculated based on continues to implement various measures intended to raise its inter-
on-line surveys conducted among financiers along with the evaluation national profile and improve its institutions by enhancing industrial
results derived by 75 external institutions, including IMD and WeF, competitive advantages. Indeed, Korea could leverage the economic
in human resources, business environment, market accessibility, infra- growth potential of the Asian region as a great opportunity, and the
structure, general competitiveness and other categories. In the latest country should have comparative advantages in exploiting the market
survey, Seoul achieved a sharp increase in its score, placing the city potential of the united States, the world’s largest market, once the
24th in the ranking. Its ranking has been rising at a remarkable rate, Korea-uS FTA, the final negotiations for which were completed in
outpacing 29 other cities in just 18 months. Confirming the GFCI December 2010, enters into force.
result, a “Global Financial Centres after Crisis” report announced
by Deutsche Bank in August 2010 showed that the competitiveness domestic Features
of Seoul in the international financial business category grew 44%, Seoul and the metropolitan region exhibit stronger demand for
outshining a number of other famed cities. Seoul was also selected as foreign investment than other regions in Korea. Seoul offers easy
the most rapidly growing financial city in Asia. geographic access and has diverse political, economic and cultural
functions. In addition, many key businesses and highly educated
human resources are concentrated in the region. The concentration
of foreign diplomatic missions and foreign-invested businesses will
Seoul Ranking continue and more business leaders will stay in Seoul for an extended
period. Therefore, Seoul has strong potential for the development of
24
25 - related industries and facilities.
28
35
35 -
42
43 The Operating Fund Structure of Banks (2008)
45 - 48
Production Amount Number of Entities Number of Workers
51
53
Nationwide Seoul Nationwide Seoul Nationwide Seoul
55 -
Size US$ 34,703 US$ 17,626(50.7%) 35,222 8,651(24.6%) 613,580 199,312(32.5%)
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economy Finance economy Finance