콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Direct Investment
Industry and Technology Science/Technology

Print

Technology-related FDI climate in Korea

Related Document
Frame of Image
  • Technology-related FDI climate in Korea
  • Hong, Yoo Soo
  • Korea Institute for International Economic Policy


link
Title Technology-related FDI climate in Korea
Similar Titles
Material Type Reports
Author(English)

Hong, Yoo Soo

Publisher

Seoul:Korea Institute for International Economic Policy

Date 1998-12
Series Title; No KIEP Working Paper / 98-15
Pages 49
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Direct Investment
Industry and Technology < Science/Technology
Holding Korea Institute for International Economic Policy

Abstract

The recent financial crisis has pressed the Korean government to further accelerate liberalization of investment in order to improve the local financial and business environment. Foreign direct investment (FDI) in Korea has decreased in the first half of 1998 to USD 2.5 billion, a 44.9% decrease from the same period in 1997. However, the recent trend has shown substantial month-to-month increase. As of November 1998, aggregate FDI had already equaled 1997 total FDI of USD 7.0 billion.
Korea imported USD 2.4 billion in technology in 1997. The U.S. and Japan contributed 60.8% and 20.9% of the imports, respectively. The government of Korea has promoted international cooperation in R&D in various forms. At the governmental level, the International Joint Research Program, which started in 1985, has played the major role. So far, 906 joint projects have received a total of USD 41 million in support from this program. (The rest omitted)