
Business Environment > Business Capital of Korea
Gyeonggi Province is definitely the heart of the Korean economy. The proud home of global leaders such as Samsung Electronics, Hyundai-Kia and LG, Gyeonggi continues to lead the nation's growth and development.
Geographic Advantage
• Metropolitan area surrounding Seoul, the capital of Korea; the heart of the
Korean Peninsula as well as Northeast Asia
• Tokyo, Beijing, Osaka, Shanghai, Vladivostok and other major Northeast Asian cities
accessible within a 2-hour flight
Massive Consumer Market
• Immediate access to the combined populations of Gyeonggi (11.9 million), Seoul
(10.1 million) and Incheon (2.7 million) provides endless market opportunities
• Direct connections to the markets of Northeast Asia (including China, Japan
and Russia) and the region’s 1.5 billion consumers
World-leading Enterprises
• Home of world-leading enterprises including Samsung Electronics, LG
Electronics, Hyundai-Kia Motors, Hynix and LG Display as well as many top
multinational firms such as 3M, Bosch and Siemens.
• One-third of Korea’s small and medium companies and the largest
concentration of the nation’s knowledge-based industries
Outstanding Human Resources
• Lion’s share of Korean R&D personnel (e.g. 1/3 of IT professionals in Korea)
• Home to half of the nation’s masters and doctorate holders in the fields of
science, engineering and medicine (173 graduate schools, 39 under-graduate
schools, 38 technical colleges)