Most Innovative Country (Bloomberg)
Dynamic companies with large-scale investment in R&D
Stable economy
3-4% projected annual growth
Strong industry collaboration
4th in World Bank ease of doing business index
4th largest GDP in Asia
12th largest world economy
6th largest U.S. trading partner
(U.S. is Korea’s 2nd largest trading partner)
117% growth in bilateral trade over past 15 years
7th in world luxury goods market
Free Trade Agreements (United States & Europe)
K-Wave
K-Beauty
K-Pop
K-Movie
K-Drama
K-Cuisine
K-Sport
86% of Koreans hold a favorable view of U.S. (highest in the world)
Growing early adopters of new technology
Consumers sensitive to marketing & product changes
(ahead of global market)
Contact abc@amchamkorea.org to learn more