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Korea, a small but powerful countryWelcome to KoreaLocated between China and Japan, Korea is a country small in size but big in growth. In 2011, its trade volum reached $1 trillion and Korea became one of the 7th largest exporters in the world. The Korea Trade-Investment Promotion Agency (KOTRA) is Korea's national trade and foreign investment promotion agency.Through 119 networks in 81 countries, KOTRA functions as a Global Business Platform.
CEO of KOTRA, Young Ho Oh
0203 KOTRA
CEO’s Message
Greetings from KOTRA!My name is Young Ho Oh, the CEO of KOTRA.
Since its establishment in 1962, as a part of the Korea’s first "5-year Economic Plan", KOTRA has been dedicated to creating export opportunities in new markets and increas-ing Korea’s trade volume. Thanks to the endless efforts of all the members of the KOTRA family, Korea was able to reach $1 trillion in trade volume in 2011 and 2012. In the late 1990s, the agency also played a critical role in overcoming the Financial Crisis by starting its foreign direct investment promotion division.
In 2013, the business environment does not look too promising as the "L-Shaped" reces-sion, the fiscal cliff and sequester in the United States, the elongated struggle in the EU, as well as the slowing growth rate of BRICs nations are expected to continue. However, in an effort to prepare for the difficult and rapidly changing business environment, KOTRA is focusing on the globalization of small and medium sized enterprises(SMEs), the backbone of the Korean economy, through utilizing Korea's extensive FTA networks, and providing them with customized support for global business establishment and export.
In order to further expand Korea’s international trade opportunities, KOTRA will endeavor to increase the exports in the new growth industries such as the knowledge service industry, medical-bio industry, and green industry. The culture-based industry known as the "Korean Wave" is making economic waves as well with its high export value. By supporting the aforementioned and many other industries, KOTRA will contrib-ute to the economic development of Korea and developing countries through techno-logical innovation, industrial infrastructure creation, and HR development.
Having celebrated its 50th anniversary last year, KOTRA now looks forward to a brighter future for Korean companies. With 119 Korea Business Centers in 81 countries function-ing as the trade and investment network of Korea, KOTRA operates as a Global Business Platform that catapults Korean companies into the global market and a prosperous future. We invite you to be a part of our journey for infinite growth and prosperity!
KOREA,your business partner in Asia
With a trade volume of $1 trillion, not to mention superior human resources and technologies, Korea is now one of the world’s 7 largest exporters.For 50 years, KOTRA has been promoting trade and supporting the business of Korean companies overseas and foreign companies in Korea.Korea’s SMEs offer endless innovations and opportunities.
Don’t hesitate.Head for a brighter future with KOTRA!
Partner with KoreaPartner with KOTRA
KOTRA…
•Provides all types of foreign investment support in Korea.•Provides information on trade, exhibitions and investment.•Provides administrative support for foreign investors.•Performs business matchmaking between foreign buyers and Korean businesses.•Supports business partnerships between global enterprises and outstanding Korean SMEs.•Supports the overseas work of Korean businesses.
0405 KOTRA
Invest in Korea
IK0607 KOTRA
Foreign Investment
•Support of Potential Investors and Investment Projects•Research/Consulting•PM (Project Manager) System Implementation•Administrative Support •Investor Support•Post-Investment Service
Korea is always open!KOTRA functions as a bridge connecting Korea to global investment.Invest KOREA actively promotes inbound foreign direct investment (FDI) through identifying potential foreign investors, supporting investment projects, providing ongoing support for foreign investors already in Korea and cooperating with investment authorities.
Invest KOREA (IK) is the national investment promotion agencyand under the umbrella of KOTRA.
Foreign Investment Promotion
Support for Potential Investors and Investment ProjectsInvest KOREA works to increase FDI in Korea through promoting the country’s
business environment, identifying investors and supporting the investment planning/
execution process. The organization also handles and processes investor feedback
to continuously improve the investment environment.
Research/ConsultingInvest KOREA’s team of experts provides information and consulting on investment
opportunities, procedures and legal matters. Proposals based on core information
needed by investors are created to help investors make investment decisions and
project portfolios are put together and presented by IK’s investment experts.
PM (Project Manager) System ImplementationA PM is assigned to each investment project to offer customized services. The PM
provides information at every step of the investment process, executes administra-
tive services as a proxy, forms and operates task forces to resolve client grievances
and arranges meetings with relevant agencies for clients. IK’s experts provide
support in the fields of finance, tax, law, securities, accounting and construction to
accelerate the process of foreign investment and ensure investor benefits.
<Dynamics of the Korean Market>The chart below shows changes in Korea’s nominal GDP from 1970 to 2010.Korea's nominal GDP was $ 2BN in 1970. By 2010, it had increased by more than 500 times to $ 1.007 trillion.
(Unit: KRW billion, $1=1100KRW)
0809 KOTRA
According to the WTO’s World Trade Statistics, Korea achieved the highest rate of increase in trade (a 27.9% increase from the previous year) out of the world’s top 10 exporters in the first half of 2011. Korea's trade value was under $ 3BN in 1970. Forty years later in 2010, it rose by more than 300 times to reach $ 900BN.
Invest KOREA provides consulting on investment procedures, legal matters, tax and accounting. It also improves the environment for foreign investors in general through medical, educational and housing benefits.
Administrative SupportForeign Investor Support Office provides consulting on foreign investment declara-
tions. Authorized government employees process 11 types of services including
immigration, customs and national tax.
▶ www.investkorea.org
Investor SupportInvest Korea Plaza (IKP) is Korea’s first business incubation center for foreign-
invested companies. Offices are provided at low rates and investor support is offered
in collaboration with local governments, accounting firms and banks.
Post-Investment ServiceThe Office of the Foreign Investment Ombudsman and the Investment Aftercare
Team help foreign-invested companies overcome obstacles in the course of doing
business in Korea. Proactively seeking out potential grievances, the Investment
Aftercare Team resolves problems on behalf of clients via the Home Doctor system.
A specialist home doctor is designated to provide one-on-one services for the client
until the grievance in question has been completely resolved.
This division is headed by the Foreign Investment Ombudsman,
who is appointed by the president of Korea.
Why Korea?Your destination for success
Invest Korea Plaza
1011 KOTRA
Foreign Investment Promotion
KOTRA solves legal, financial, currency, tax, accounting, construction, IT and labor issues experienced by foreign-invested companies and foreign investors.
Invest KOREA provides information on Korea’s investment environment for potential foreign investors. It supports foreign companies with investment consulting and investment declaration. It also provides business establishment support, business activity support and management issue handling.
FacilitationDon’t hesitate. KOTRA leads the way to opportunities!From trade mission dispatches to overseas business trip support, KOTRA provides a variety of support to promote international trade.Information on Korean trade is available at KOTRA’s 119 Korea Business Centers in 81 countries.
E-marketplace operated by KOTRA ▶www.buykorea.org
•Business Matchmaking•Trade Missions•Exhibitions and Conventions•Cultural Media Business
Global Trade Promotion
A trade mission consisting of Korean SMEs is sent overseas to provide business consulting to foreign buyers.
1213 KOTRA
Global Trade Promotion
Business MatchmakingOutstanding Korean companies and products are introduced to foreign buyers and
we help facilitate business transactions, setting up meetings for foreign and Korean
companies as well.
Trade MissionsKOTRA cooperates with local governments and authorities to form and dispatch
trade missions consisting of SMEs wishing to engage in overseas business activities.
Export consulting is provided for foreign buyers by KOTRA’s Korea Business Center
to increase international trade.
Exhibitions and ConventionsKOTRA provides guidance and recommendations to exhibitors and support the cost
of international trade shows so that SMEs can utilize trade shows as their most
effective tactic for generating leads and building brand image. KOTRA also holds its
own conventions and represents Korea at global expos to demonstrate Korea’s
technology and economy.
•Planning and organizing Korea pavilion in international trade shows
•Representation of Korea at expos
•World-Class Products Show
•SEOUL FOOD 2012
•GEP Global Exhibition ▶ www.gep.or.kr
Cultural Media BusinessKOTRA supports Korean culture and media (music, film, TV, games, etc.) companies
as they interact with foreign buyers. Conventions and expos are held in conjunction
with the government to connect Korea to the world culturally and economically.
KOTRA regularly hosts the Korea Media & Contents Market to showcase Korea’s TV programs, animations and games to foreign broadcasters, media distributors and producers.
1415 KOTRA
Foreign buyers are connected to Korean businesses at KOTRA’s Business Centers around the world.
Korean Pavilion at the Shanghai Expo
Partner PlusKOTRA is a partner and a leader.KOTRA provides R&D and overseas marketing support based on market forecasts to support partnerships between Korean SMEs and global enterprises. Export support groups are organized and sent and seminars are held to identify mutual cooperation strategies.
Through global partnering, KOTRA enables Korean SMEs with outstanding technology to partner with global enterprises
•Global Partnering•Korea Autoparts Plaza •ICT Roadshow•Global Energy Plaza
GP
Global Business Partnership
Win-Win Partnership
1617 KOTRA
Global Partnering To increase the global competitiveness of Korean SMEs an open innovation model
is implemented in forming business partnerships between global enterprises and
Korean companies. Partnerships in R&D and part/material development stages lead
to mutual business partnerships involving technological cooperation, product
outsourcing and equity investment.
•Seminars held overseas and in Korea to identify demands
•Seminars held to pinpoint the demands of global enterprises
Korea Autoparts PlazaExhibitions of superior Korean auto parts are held around the world to help estab-
lish business partnerships between Korean SMEs and global automobile manufac-
turers.
•1:1 seminars are held on location to connect Korean
auto part suppliers with global automobile manufacturers
ICT RoadshowExport support groups consisting of small and medium IT businesses are sent
overseas to hold exhibitions and business seminars. Korean IT companies are
connected to foreign buyers seeking to purchase specific items.
•IT exhibitions and 1:1 export consulting with buyers
•Seminars held to provide Korean companies with information
on overseas business activities
Global Energy PlazaGlobal partnerships in the energy industry are promoted through consultations and
seminars attended by clients and buyers in the energy sector.
•Buyers and clients invited to seminars attended by Korean companies
Global Business Partnership
1819 KOTRA
KOTRA offers a variety of programs designed to support the export of green industries (solar power, wind power) and large-scale power plants.
▼ Materials for the construction of large diesel power plants in Iraq are being loaded onto the STX Alpha.
All the trade and investment information businesses need!KOTRA systematically collects and analyzes global market information through its Korea Business Centers around the world and provides it to Korean businesses and organizations. KOTRA also provides customized consulting to Korean businesses seeking to make foreign investments.
•Overseas Market Research•Overseas Market Seminar/Consulting•Overseas Investment Support
KOTRA’s trade and investment information website (www.globalwindow.org) provides trade and investment information collected by KOTRA’s Business Centers and head office.
Global Trade Investment Information
2021 KOTRA
Everything you need to know about global business!
Global Trade Investment Information
Overseas Market Research Extensive information on foreign markets is provided through a worlswide network of KOTRA’s Business Centers.
•Buyer-searching service•Buyer contact details verification service•Customized market research service•Material supplier search
Overseas Market Seminar/ConsultingOverseas market seminars are held to provide information on market trends in different countries, products/marketing and the investment environment/process. Global export and overseas investment by Korean industries are supported.KOTRA’s overseas market consulting service enables Korean companies to form overseas business strategies and supports their marketing activities.
•Overseas market strategy seminar•Overseas investment seminar•Customized consulting service•Overseas market strategy formation service
Overseas Investment SupportKOTRA provides a variety of services required for overseas investment by Korean companies such as overseas incorporation establishment, local managerial issue seminars, delegations for investment feasibility, and overseas intellectual property rights protection.
•Overseas Premium Service (OPS)•Investment seminars and delegations for investment feasibility•Overseas intellectual property desk (IP-DESK)
2223 KOTRA
Asia21 Centers
Africa9 Centers
CIS 8 Centers
Middle East15 Centers
Europe21 Centers
China17 Centers
Central & South America14 Centers
North America10 Centers
Japan4 Centers
KOTRA actively supports the overseas business activities of SMEs through its 119 Korea Business Centers in 81 countries.
The Overseas Premium Service (OPS) is a package service customized to meet the demands of diverse clients through large-project acquisition support, overseas corporation/factory establishment, overseas investment consulting and overseas franchise business support.
•Training Programs•Global Human Resources
Contact Korea is Korea's largest overseas human resource recruiter. It helps talented people find work with Korean employers.
StrengtheningKOTRA serves as a Global Business Platform through providing trade and investment infrastructure support.KOTRA provides a wide range of trade and investment infrastructure to promote business between Korean companies and overseas companies in today’s fast-paced business environment. Training programs are provided to develop trade and investment professionals and human resources of merit are recruited overseas for employment by Korean businesses.
Trade and Investment Infrastructure Support
Advancing to the world2425 KOTRA
Trade and Investment Infrastructure Support
Training ProgramsProfessionals with a flair for global business are developed through a training
program based on KOTRA's strengths in trade and investment. Programs offered at
the KOTRA Global Academy address new market activity, global marketing, foreign
investment overseas investment
and green growth/environment.
▶ www.kotraacademy.com
Global Human ResourcesContact Korea provides a one-stop service that includes recruitment, interview
arrangement, visa support and settlement in Korea so that outstanding global
human resources can find jobs in the country. Contact Korea also holds global
employment seminars to help foreign employers hire qualified Koreans.
2627 KOTRA
Candidates’ educational and professional background is verified.
Matchmaking service
Visasupport
Background check
Global human resource recruitment
KOTRA’s global network is used to recruit human resources needed by Korean employers
and create an HR database.
Support for employeesettlement in Korea
KOTRA helps foreign employees adapt to Korea
(through language programs and more.)
Interviews (video or telephone) between overseas human resources and Korean employers are arranged.
A Gold Card (E-7 visa) or general visa is issued by the CEO of KOTRA.
▶ www.contactkorea.go.kr
Global TalentRecruiting ServiceGlobal Talent
Recruiting Service
Through Contact Korea, KOTRA provides a one-stop service that facilitates global human resources’ employment and settlement in Korea.
Beautiful ancient palaces where tradition and modernity coexistDowntown Seoul is home to palaces from the Joseon Era including Gyeongbok-gung, Deoksugung and Changgyeonggung. Visitors can witness the construction culture of the Joseon Era at these magnificent buildings, where a variety of cultural events takes place. Visitors are recommended to visit Geunjeongjeon and Gyeong-hoiru at Gyeongbokgung; the Royal Guards Changing Ceremony at Deoksugung; and the National Palace Museum of Korea.
▶www.visitseoul.net
Jeju-do, a beautiful island of fantasyJeju-do is a volcanic island located in the southwest of the Korean peninsula and a UNESCO World Natural Heritage. There are a number of tourist attractions located around Mt. Halla: Baeknokdam (a volcanic vent), Seongsan Ilchulbong, Yeomiji Botanic Garden, Cheonjiyeon Waterfalls, Jeju Folk Village and Jungmun Tourism Complex. The island’s Ole Track includes 19 walking tracks designed for tourists.
▶www.jejutour.go.kr
Summer oceansAs Korea is a peninsula, an ocean is never more than an hour or two away. Most Koreans take their summer vacation in July and August and beaches teem with visitors at this time. Many Koreans also visit beaches in the winter, with the most popular being Haeundae, Gyeongpodae and Daecheon Beach.
▶www.visitkorea.or.kr
Colorful autumn maple leavesAutumn leaves carpet the streets and mountains of Korea in the fall, and Seoraksan and Naejangsan are two mountains known to be especially scenic during the season. If you don’t have time to go all the way there, Seoul, Suraksan and Unaksan are lovely locations for foliage as well. Fall is also a good time for festivals nationwide.
▶www.visitkorea.or.kr
Winter leisure activities and festivalsAs the future host of the 2018 Winter Olympic Games, Korea is a great place to ski and sled, with popular ski resorts located on the outskirts of Seoul. Popular winter festivals include the Taebaeksan Snow Festival, Hwacheon Mountain Trout Festival, and Cheongpyeong Ice Festival.
▶www.visitkorea.or.kr
Popular Tourist Attractions
Bulgogi, a favorite among foreignersThe quintessential Korean food bulgogi is thin cuts of beef marinated in soy sauce with mushrooms and vegetables. It’s a distinctly sweet and tender dish sought after by many a visitor to Korea.
▶www.visitseoul.net
Kimchi, flavors of a thousand yearsThink Korean food and you’ll probably think kimchi. Made from a variety of vegetables, this unique dish develops lactic acid, organic acid and vitamins in the course of fermentation. It’s low in calories and high in flavor, and an integral part of any Korean table.
▶http://kimchi.gwangju.go.kr
Jeonju bibimbap, a nutritious mealBibimbap is to Koreans what the sandwich is to Westerners. Prepared with rice, meat, vegetables and eggs. Jeonju bibimbap is regarded as a national specialty and nicknamed hwaban (flower rice) for its colors, nutritional value and yin-yang balance.
▶www.visitkorea.or.kr
Samulnori, the folk music of KoreaSamulnori is a percussion music performance by an ensemble of traditional Korean instruments (barrel drum, hourglass drum, large gong and small gong). The emphasis is on the emotions created through the instruments. Varying beats accompany chang-ing flows in the music, which includes a beginning, progression, climax and conclu-sion.
▶www.gugak.go.kr
Nanta, a breathtakingly exciting performanceFor 15 years, Nanta has been performed around the world. With powerful beats rich sounds and passionate dancing, it’s a music performance, magic show, comic drama and circus all in one!
▶http://nanta.i-pmc.co.kr/nanta/Main.aspx
The Flavors of Korea
Performances of Korea
Insider guide to building a life in Korea
2829 KOTRA
Inside Korea
Let KOTRA guide you to a better tomorrow.KOTRA shares knowledge and success for global prosperity.
A better future for societyKOTRA can get you there
Core Values of KOTRA
•A caring and open culture •Encouraging creativity•Social contribution and ethical management
•Training globally minded professionals•Enhanced work capacity through the creation of intellectual properties•Optimized personnel operation
•User-oriented IT infrastructure for smart work•Comprehensive review of assessment indexes and methods•Optimized financial management•Open Korea Business Centers
Developing a Creative and Strong Organization
【 Customer 】KOTRA puts itself in its customers’ shoes and provides services they want and need.
【 Service 】KOTRA champions responsible and ethical management. Through sacrifice and service, it leads in the way of social contribution and the creation of strong economies.
【 Global 】KOTRA strives to become a global leader by developing globally minded human resources and creating global networks and business systems.
【 Challenge 】KOTRA achieves ongoing innovation through creativity and passion. It creates new markets and a better future.
3031 KOTRA
Creating a Caring Corporate Culture Management OptimizationDeveloping Creative Global Human Resources
Ethical ManagementCustomer-oriented, socially responsible managementKOTRA aspires to be a responsible global organization through ethical
management. By leading Korea’s trade and investment promotion efforts
KOTRA strives to be an ethical company that contributes to the national and
global economies.
Social ContributionGiving back in a variety of waysKOTRA provides youth around the world with cultural education programs to
help them become leaders. The organization also offers, humanitarian aid in
disaster-affected regions of the world and mentors, children of low-income
families and multicultural families in Korea. Internships are offered to young
Koreans living abroad for the development of global-minded human resources.
Volunteer WorkHelping out rural communitiesKOTRA volunteers at Buraemi Village in Incheon, Gyeonggi-do by helping
farmers plant seeds and harvest crops. KOTRA also has a volunteer work group
called Left Hands, the members of which work to improve regional communi-
ties by entertaining seniors who live alone and providing free tutoring for
teenagers.
Organization Chart
COMMISSIONER OF INVEST KOREA
AUDITORS' OFFICE
OFFICE OF THE PRESIDENT
PUBLIC RELATIONS DIVISIONCUSTOMER&STRATEGIC POLICY DEPT.
KOREA DEFENSE INDUSTRY TRADE SUPPORT CENTER
OFFICE OF THE FOREIGN INVESTMENT OMBUDSMAN
SENIOR EXECUTIVE VICE PRESIDENT FOR MANAGEMENT SUPPORT
PLANNING & COORDINATION DEPT.
GENERAL SERVICES DEPT.
HUMAN RESOURCES DEVELOPMENT & MANAGEMENT DEPT.
INFORMATION SYSTEM DIVISION
EMERGENCY PLANNING DIVISION
KOTRA OFFICE, INCHEON INTERNATIONALAIRPORT
EXECUTIVE VICE PRESIDENT FOR SME SUPPORT
STARTUP & EXPORT SUPPORT DEPT.
BUSINESS COMPETENCE BUILDING DEPT.
EXHIBITION & CONVENTION DEPT.
GLOBAL TALENT RECRUITING CENTER
EXECUTIVE VICE PRESIDENT FOR STRATEGIC
MARKETING
GLOBAL BUSINESS COOPERATON DEPT.
INDUSTRY & RESOURCES COOPERATION DEPT.
SERVICE INDUSTRY DEPT.
ICT BUSINESS DEPT.
EXECUTIVE VICE PRESIDENT FOR GLOBAL BUSINESS INFORMATION
BUSINESS INFORMATION DEPT.
OVERSEAS MARKET RESEARCH DEPT.
CHINA BUSINESS DIVISION
OVERSEAS INVESTMENT SUPPORT DEPT.
OVERSEAS INVESTMENT COOPERATION CENTER
KOTRA GLOBAL ACADEMY
INVESTMENT PLANNING DEPT.
INVESTMENT PROMOTION DEPT.
FOREIGN INVESTOR SUPPORT OFFICE
INVESTM
ENT AFTER
CARE DIVISION
INBOUND INVESTM
ENT CONSULTING CENTER
KOTRA CHINA HEAD OFFICE
KOTRA EUROPE HEAD OFFICE
KOTRA NORTH AMERICA HEAD OFFICE
KOTRA MIDDLE EAST HEAD OFFICE
KOTRA AFRICA HEAD OFFICE
KOTRA JAPAN HEAD OFFICE
KOTRA ASIA HEAD OFFICE
KOTRA CENTRAL &
SOUTH AMERICA HEAD OFFICE
KOTRA CIS HEAD OFFICE
CEO
COMPTROLLER
The success of global business is envisioned when you meet KOTRA