Foreign-invested Firms Account for 18.5% of South Korea's Exports in 2019

The Korea Trade-Investment Promotion Agency (KOTRA) announced on Oct. 11 that 5,800 foreign-invested enterprises in South Korea recorded total exports of US$100.3 billion last year. The sum is equivalent to 18.5 percent of South Korea’s total exports for the same period.

For the first seven months of this year, those enterprises’ combined exports were US$50.8 billion, 17.9 percent of South Korea’s total.

The agency advised that a virtuous circle should be created in which exports increase based on foreign investment attraction and then the increased exports attract additional investment.