The Republic of Korea, bordered by the Yellow Sea to the west, the Sea of Japan to the east and the Korean Strait to the south, has a single land border with North Korea. With a surface area of 100,210 sq.kms, South Korea has a population of more than 51 million and a GDP of US$1.655 billion (source: FMI – World Economic Outlook Database, 2018).
As one of the four “Asian Tigers”, South Korea has experienced exceptional economic growth since the 1960s and is now hard on the heels of the “top 10” world economic powers and at the forefront of consumer electronics, automotive manufacturing and the iron and steel industry.
The Republic of Korea is the 4th biggest French customer on the Asian continent, and French investments in the country now take 4th place among European investments. Nearly 200 subsidiaries of major French groups are present on the territory of South Korea, in high-tech sectors, but also in the fields of tourism and luxury goods. Bilateral cooperation in innovation and South Korea’s accelerated development of digital technologies also favoured the emergence of innovative start-ups on these two markets.
In order to meet the needs of its customers in the South Korean market, Simon Associés has developed privileged relations with economic and legal partners locally.