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1 South Korea’s outward direct investment and its dyadic determinants: Foreign aid, bilateral treaty and economic diplomacy  / 2020 /  The World Economy  / vol.43, no.12, pp.3296 / 

10.1111/twec.13012

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East Asian Economic Review Vol. 2, No. 1, 1998. pp. 3-47.

DOI https://dx.doi.org/10.11644/KIEP.JEAI.1998.2.1.8

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Status and Facilitation of Foreign Direct Investment into Korea

Author

Junedong Kim

Kwanho Kim

Yunjong Wang

Creative Commons Attribution License

EAER is an open access journal distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license.

Abstract

Foreign direct investment is an effective way for Korea to overcome foreign exchange crisis and strengthen Korea economy by smooth flow of international capital. Since the implementation of the reform issues in South Korea was poor, coupled with rigid factor markets, government regulation and other barriers, as well as the lack of investor relations management system, make foreign direct investment stagnant. In order to accelerate the foreign investment, Korea should accelerate structural reforms, expansion of foreign investment liberalization, strengthen management, investor relations, giving the chance for a full use of international investment norms - Multilateral Agreement on Investment (MAI). It is also necessary to stimulate investment in the existing system to focus on increasing employment and regional development. However, in the implementation of the liberalization measures, it is necessary to deal with side effects through the establishment of competition policy and other related systems, and make thorough preparation

JEL classification: F21, F23

Keywords

Foreign Direct Investment Korea, Multilateral Agreement on Investment

Language

Korean

References

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