5 Reasons to Invest in Gyeonggi-do, South Korea(2020)

Gyeonggi-do, the center of South Korea, leads global trade and business with strength being in most important geopolitical position in Asia

Korea map

Gyeonggi-do is a province surrounding the capital city of South Korea, Seoul, and being in close proximity with the capital means Gyeonggi-do serves as its economy backbone. Comprising of many manufacturing factories, industries and complexes, Gyeonggi-do is highly developed in electronics, machinery, chemicals, metals, textiles, farm, livestock and fisheries. On top of that, its strong investment in future technologies, such as self-driving cars, tourism, and urban development, make it one of the up and coming provinces to provide world-class service.

Here are the top 5 reasons to invest in Gyeonggi-do, South Korea:

1. The Central Hub of North East Asia

Located in the center of the Korean Peninsula, Gyeonggi-do is the largest local government in the Republic of Korea and has a population of more than 13 million people. Many world-renowned Korean conglomerates such as Samsung, Hyundai, Kia, LG, SK have expanded their reach into Gyeonggi-do to continue honing their competitiveness and ensuring that they maintain their edge in the business world. 
Other top global companies such as 3M, Bosch and Siemens continue their successful business practices in Gyeonggi-do. 31% of South Korea’s Small and Medium-sized Enterprises (SMEs) find their home in Gyeonggi-do as the infrastructure and proximity to the capital as well as ease of transport suit their needs and requirements. Gyeonggi-do also holds an international trade volume of $141.8 billion, 23% of the entire nation
korea geological map
Gyeonggi-do's geological map(source link)
South Korea is situated in a very strategic location for North East Asia, with short international flights to major cities in China, Japan as well as Russia. Coupled with the well-developed infrastructure, Gyeonggi-do is a very strong contender for those seeking to take part in foreign investment. 

2. A City Focused on Cutting-Edge Technology

Gyeonggi-do is also the center of research facilities, cutting-edge industries and a world-class innovation convergence cluster. Gyeonggi-do is home to four clusters that can promote information exchange, industry-academy collaboration with research facilities and partnerships with multinational companies.

l  Pangyo Techno Valley

Pangyo Techno Valley has over 1,000 companies such as Samsung Techwin, Institut Pasteur Korea, NCSOFT and Human Tec Korea which focus on world-class innovation in the IT/BT and software industries.

l  Gwanggyo Techno Valley

Home to roughly 200 resident companies, Gwanggyo Techno Valley is developing as a new growth engine based on cutting-edge R&D industries with 5 public research institutes that are related to IT, BT and NT.

l  Ansan Science Valley

Consisting of about 200 universities, research institutes and companies such as LG Innotek and Korea Electrotechnology Research Institute, Ansan Science Valley is a cluster that integrates industry, academia, research and relevant government offices.

l  Dongtan Techno Valley

Dongtan Techno Valley is Korea’s largest technological cluster that consists of about 780 research institutes, urban factories, venture companies, and domestic and international companies such as Samsung Electronics, Samsung SDI, 3M and POSCO.

3. Giant Market with Immense Potential

North East Asia boasts a huge consumer market with a population of 1.5 billion – roughly two times the size of the current European population, and is emerging as one of the world’s top three trading blocks. Asia’s middle class, which is known to be the largest market for consumer goods and services is rapidly expanding and is estimated to grow to 3.4 billion by 2030. To fuel the next wave of technological innovation, 44% of the world’s Research & Development is spent in Asia.
On top of that, Asia is at the top of the chain when it comes to countries with the most Science, Technology, Engineering and Mathematics (STEM) graduates. In 2016, North America had a mere 600,000 graduates while China alone had 4.7 million and India, 2.6 million. Asia is now seeing major benefits in proximity between trading countries, high economic growth and lower mutual trade barriers. As countries continue to sign Free Trade Agreements (FTA) among each other, Asia is looking at a strong stance in the economy in the years to come.

As of 2018, Korea has FTAs in effect (15 cases), under negotiation (10 cases) and multiple unions such as the EFTA, ASEAN and EAEU. 

4. Ideal Transportation Infrastructure

Incheon airport to Gyeonggi
Incheon International Airport
fast train system
GTX(source link)

Gyeonggi-do’s proximity to Seoul and Incheon, the second-busiest port in Korea, has ensured a tremendously well-developed transportation infrastructure that boasts accessibility to Incheon Airport as well as Gimpo Airport, some of South Korea’s busiest airports. Wide networks of buses and trains, as well as the KTX, Korea’s high-speed rail service, connect commuters everywhere.

The transportation infrastructure of Gyeonggi-do connects Seoul to 2 international airports within a one-hour travel time and 2 international ports through 19 highways and 8 railways. Gyeonggi-do will also achieve a greener transportation system when the Great Train Express (GTX) is completed, connecting Seoul and major cities in Gyeonggi-do in a short span of 30-minutes through an underground train system, achieving speeds of 100km/h, 3 times faster than the existing subway system. 

5. Outstanding Human Resources

A total of 211 universities and graduate schools are located in Gyeonggi-do, and with a total of 205,137 research personnel available and ready, your businesses will be able to find success with the help of our outstanding human resources.
As of 2016, Korea has spent a total of 69.45 trillion won (5th in the world) on research and development and there are 13 researchers per thousands of economically active people. In total, Korea also has 624,910 research & development personnel.
For Gyeonggi-do, a total of 33 trillion is used on research & development with more than 200,000 of rearch manpower, 166,737 researchers and 13,513 research & development organizations. In conjunction with 99,362 science & engineering research & development workers, 73,079 semiconductor industry workers, 29,571 display industry workers and 76,213 automotive industry workers, Gyeonggi-do is home to a myriad of potential.



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Gyeonggido-Korea (경기도): 5 Reasons to Invest in Gyeonggi-do, South Korea(2020)
5 Reasons to Invest in Gyeonggi-do, South Korea(2020)
Gyeonggi-do, the center of South Korea, leads global trade and business with strength being in most important geopolitical position in Asia
Gyeonggido-Korea (경기도)
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