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Investment Climate

What is the DMC

Korea's IT and M&E Industries

CDMA PDP memory semiconductor chip market:Korea 40%,Other Countries 60%,   Culture market sales:Seoul 64.3%,Other Area 35.7%

World-Class Digital Nation
According to the Yearbook of World Electronics’ 2007 data, Korea's digital media electronics industry was ranked 4th in terms of production volume, next to China, US, and Japan. Note, however, that production volume has grown from 4.7 percent of global production in 2001 to 7.2 percent in 2007. Today, Korean products account for 40 percent of the global CDMA, PDP, and memory chip markets.
Overview of the IT, Media, & Entertainment Industries
According to the Ministry of Culture, Sports, and Tourism’s 2014 data, net sales from the Korean culture industry (media, games, films, animations, music, comics, publications, advertising, character development, and edutainment) showed a 4.4 percent growth compared to the previous year. ($8 billion)
Prospects for the Digital Media City
In the 21st century, the fusion of technology, products, and industry is being rapidly realized due to changes in scientific technology, economy, and consumer needs. Seoul DMC, with its key strategic business focus on digital media/content, is drawing a lot of attention from media outlets worldwide as a futuristic center of information technology in Northeast Asia. Based on global digital media R&D environment and infrastructure of industry-academe cooperation, Seoul DMC aims to become a world-class industrial hub for digital media and entertainment and a leader of Northeast Asia's economy.

Seoul's Investment Environment

The Heart of Northeast Asia's Economy
Northeast Asia has become one of the three most important economic centers in the world, making up a quarter of the world's population and a third of the global GDP. At the heart of this geographic area is Korea, whose total exports and imports in 2014 stood at $573 billion and $526 billion, respectively; thus making the country the 8th largest economy in terms of international trade.
Cutting-edge City with Convenient Transportation
Located just outside of Seoul, Incheon International Airport has been selected as the world's best service airport for the last four years by Airports Council International. In addition, Korea's KTX, a high-speed rail system and the 5th of its kind to be built in the world, connects the country's important business centers; thus enabling travel throughout South Korea in mere hours. Furthermore, the nine lines of Seoul's subway system take passengers anywhere in the city and throughout the greater Seoul Metropolitan Region quickly and conveniently. Seoul was also named the best city for electronic government services in a recent international research study conducted on behalf of ASPA and United Nations Division for Public Administration and Development Management.
Abundant Human Resources
Among OECD member states, Korea ranks 2nd in terms of spending on education. Thus, it comes as no surprise that more than 40 percent of Seoul's residents have a college degree or higher. Every year, 35,000 people at the 54 universities throughout the Seoul metropolitan area graduate with Master's and PhD degrees. Seoul's abundant, highly capable human resources have also become an engine driving the further development of Korea's industries, particularly in the fields of information technology, electronics, automobiles, and shipbuilding.
Convenient, Eco-friendly City
Roughly 41.5km of Han River runs through Seoul, with 27 percent of the city's land covered in green. Seoul is a city with long history and unique culture. At different times throughout the year, a range of cultural events take place in the city such as the Hi Seoul Festival. As for its diversity, constant growth is taking place at the city's schools and various residential areas. The Seoul Global Center (http://global.seoul.go.kr) was established to facilitate the transition for foreign nationals moving to Seoul and to make their lives more convenient and enjoyable there by providing services related to finding accommodation as well as business consulting and administration support services.

LIVING ENVIRONMENT

Abundant Green Space
Bordered by Bukhan Mountain to the north, Gwanak Mountain to the south, and with the mountain known as Namsan located right in the middle of the city, Seoul is a truly green city divided by the mighty Han River that is nearly 41.5km long. Officially, 27% of Seoul is “green,” with 1,953 parks serving as venues for relaxation and offering an escape from everyday life for residents and visitors to the city.
Vibrant, Year-round Urban Culture
Seoul provides its residents with a secure, convenient environment featuring well-equipped hospitals, banks supporting international transactions of every kind, and hypermarts as well as a wide array of restaurants serving nearly every type of food under the sun. Furthermore, various cultural events including the Hi Seoul Festival fill the city with energy all year round. Such rich base of culture and sports infrastructure is the foundation laid prior to Seoul's successful hosting of the 1988 Summer Olympics and memorable co-hosting of the 2002 FIFA World Cup with Japan.
City Festival
Top-tier Services for Foreign Residents and Visitors
Seoul proactively supports the establishment of international schools to create a more favorable educational environment for children of foreign residents. At present, additional accommodations are being built to provide more housing options for the foreign community. Further improvements have been made to the city's living environment, and affordable medical services with interpretation service are now available. The Seoul Metropolitan Government is committed to enhancing the living environment for foreign residents in Seoul.
Foreigners visited Korea
More international
schools in Seoul
Yongsan Int'l School (2006), DMC (2012), Gangnam (Southern Seoul) (2012)
More housing options
for foreigners
DMC (175 units), Umyeonsan region (178 units under construction)
Clinics and hospitals
serving foreigners
Its number is expected to rise to 25 by 2012.
One-stop service at
the Seoul Global Center
Helping foreign residents navigate through the intricacies of life in Seoul
Global Cluster Building
Expanding and shifting the functions of the current Seoul Global Center there by 2012 to integrate facilities for foreigners (14 stories aboveground, 5 stories underground; located in Jongno-go, Seoul)
Seoul Global Center
+82-2-2075-4180 (http://global.seoul.go.kr)
First opened in 2008, the Seoul Global Center (SGC) helps non-Korean residents of Seoul enjoy a rewarding, trouble-free life in Korea's capital city by providing services including business consulting and support, general information on the local living environment, cultural exchange programs, and assistance for migrant workers, to name a few. In keeping with the mission of the Seoul Global Center, five Global Village Centers have been established in areas with high concentrations of foreign residents; thus enabling them to receive SGC services in their own backyard.
Seoul Global Center counsel


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