Invest in Korea: Why you should invest in Korea’s ICT industry

The IT Policy of Korean Government is also one of the major factors for its advanced IT industry. The government is supporting R&D programs, focusing on the next-generation Internet, fiber optic communication, digital broadcasting, wireless communication, software and computer technology sectors. There are more than 30 IT human resources training programs currently supported by the government. Furthermore, the advanced venture capital market and KOSDAQ system provided an important environment for the growth of the IT industry. Recently, Korean government introduced various new R&D and human resource support programs in order to enhance the growth rate and to develop new promising industries.   The 10 new growth industries are;   1. Intelligent Robots,    2. Future Automobiles,    3. Next-generation Semiconductors,    4. Digital Television and Broadcasting,    5. Next-generation Mobile Communications,    6. Display,    7. Intelligent Home Network,    8. Digital Content and Software,    9. Next-generation Batteries, and    10. Biomedical Products.       Given the fact that almost all of target industries are IT or related fields, the IT industry is expected to provide attractive business opportunities to both Korean and foreign investors. The Korean government has joined with business sector to increase investment opportunities in promising areas of IT. These combined efforts are aimed at attracting foreign capital investment and also forging international partnerships to open up new business opportunities not only for Korean enterprises but also for foreign IT players and investment institutions. The most promising areas of IT investment are herein identified as the three sectors of Broadband Internet Access Equipment, Home Networks and Mobile Phones. The reasons are two-fold. First, these products are integral to the elements that are forging the IT revolution: the highspeed Internet, broadband capacity, and convergence and mobility. Second, Korea holds international competitiveness in these three sectors.       Visit Invest Korea