As of 2020, Gyeonggi Province has the highest GRDP among all provinces and cities in the Republic of Korea. It has also experienced the fastest annual GRDP growth rate relative to Seoul and other Korean regions.
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Gyeonggi-do includes the West Coast of Korea, an area whose importance is increasing with the expansion of the Northeast Asian economies. In addition, over one quarter of all Korea’s small and medium-sized companies are situated in Gyeonggi-do.
Among these, the high-tech industry has a particularly high level of importance, placing Gyeonggi-do at the heart of the Korean economy. Gyeonggi-do has devoted itself to attracting foreign investment. It is recognized as the premier investment destination in Korea, supporting the acclaim that foreign companies have accorded given to the considerable potential of Gyeonggi-do.
Gyeonggi-do also offers immediate access to Incheon International Airport, Incheon Port and Pyeongtaek Port, which equip the region with the comprehensive infrastructure of a highly efficient logistics center.
Incheon International Airport, recognized as the best airport in the world by Airports Council Internationl, serves the Seoul-Gyeonggi metropolitan area with daily connections to and from the major cities of Europe, North America, Australasia, Southeast Asia and the Middle East. Its central location also makes itself a convenient hub for Northeast Asia. Once at Incheon International Airport, transit passengers are within a two-hour flight from Vladivostok to the north, Taipei to the south, Beijing and Shanghai to the west, and Tokyo and Osaka to the east. Passengers disembarking at Incheon International Airport can take advantage of the comfortable and economical coach services to quickly reach any of more than 50 destinations in the Seoul-Gyeonggi area.