The financial district of Yeouido in Seoul. (Yonhap)
SEOUL, March 31 (Korea Bizwire) — A majority of foreign-invested companies with a presence in South Korea are considering expanding their investment in this country, the business lobby group said Thursday.
The Korea Chamber of Commerce and Industry (KCCI) conducted a survey of 95 foreign-invested businesses and found that 64.2 percent of the respondents said they were likely to expand investment in Korea in the future.
The share of the businesses that had concrete plans to boost investment was high at 53.8 percent.
In response to a question asking about the overall level of satisfaction with their investment in South Korea, 89.1 percent of the respondents said that they were satisfied with it.
As for the factors to consider in making investment decisions, 55.1 percent picked the growth potential of the market, followed by investment incentives at 53.9 percent, the feasibility of launching into the domestic market at 49.4 percent, and the acquisition of high-caliber talent at 44.9 percent.
Among the government policy factors that businesses said they considered when making investment were the attractiveness of investment incentives at 68.8 percent, the existence of regulatory difficulties at 64.5 percent and the convenience in securing administration and regulation-related information at 61.3 percent.
J. S. Shin (js_shin@koreabizwire.com)
