Investment and Business Development Agency

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South Korea

South Korea

CzechInvest in Seoul

Opened in February 2015, CzechInvest’s office in Seoul provides services for local clients including comprehensive consulting, while also promoting the Czech Republic and its investment environment and opportunities. All CzechInvest services are provided free of charge. 

The most frequently cited reasons that companies invest in the Czech Republic include:

  • strategic location in the middle of Europe offering easy access to business partners
  • skilled and well-educated workforce at a fraction of the cost found in Korean and Western Europe
  • arguably the best infrastructure in Central and Eastern Europe
  • vibrant tech environment generating international success stories

The Czech Republic offers competitive advantages to Korean companies seeking to better serve their European customers while maintaining excellent quality and optimising cost effectiveness. The country’s well-developed R&D infrastructure and capacities supported by a large pool of experts create tremendous opportunities for partnership.

Provided services:

  • Full business intelligence assistance
  • Tailored visits to the Czech Republic
  • Identification of business properties and suitable sites
  • Access to financial support programmes, e.g. investment incentives
  • Identification of potential business and R&D partners, suppliers and acquisition targets
  • Referrals to professional associations
  • Aftercare

As the eleventh most developed country in the world, South Korea ranks among the Czech Republic’s most important trading partners and, in terms of FDI markets, it is among the top three non-European investors in the Czech Republic. Since 2005, Korean companies have invested more than USD 3.7 billion in the Czech Republic. More than 70 Korean-owned companies currently operate in the Czech Republic, including major international companies such as Hyundai Motor Group, Nexen Tire, GS Caltex, Doosan, Hanwha, Hyundai Mobis, Plakor, Sungwoo Hitech, Kiswire and Koswire, which chose the Czech Republic as a gateway to European markets or for their EU headquarters. Korean companies employ over 16,000 people in the Czech Republic. The most active sectors include the automotive industry, plastics and metal processing, high-tech manufacturing, IT and software development, environmental technologies and finance.

Selected major Investors:

  • Hyundai Motor Group
  • Nexen Tire
  • Doosan
  • Kiswire
  • Hyundai Mobis

Helpful links

CzechLink – Joint Ventures and Mergers & Acquisitions platform
Sector Databases – Effective search tools for partners and suppliers in the Czech Republic
Embassy of the Czech Republic in Seoul – Diplomatic mission of the Czech Republic in South Korea (http://www.mzv.cz/seoul/ko/index.html)
AFI – Non-governmental non-profit organisation supporting foreign direct investment

Address

 17, Gyeonghuigung 1-gil, Jongno-gu,
03176 Seoul, Korea

Mr. Martin JírovecDirector for Korean Operations+82 (0) 10 2987 5632seoul@czechinvest.org
Korean Machinery Fair 2017 opens its gates in Kintex, Seoul
25/10/2017

Korean Machinery Fair 2017 opens its gates in Kintex, Seoul

Visit CzechInvest at Stand 2J5263, Hall 2 and find out more