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One of the success booster to settle your business in Korea is to have a Korean joint venture designed by an expert right from the beginning of the relationship with your joint venture partner(s). Simply downloading a joint venture contract or an agreement of partnership from the Internet does not help. Go deep into your partner’s mindset and background. Additionally, find out what exactly your partner is looking for.
The South Korean economy has been going through one of the most significant changes since last 60 years. It began as a farming nation during the 1960s and it worked its way up to become the 13th most powerful economy in the world, concerning Gross Domestic Product (GDP) in 2022. What is the story behind this spectacular industrial development?
Setting up a company can be a great way for companies to expand their business into new markets. South Korea is a particularly attractive country for FDI, given its strong economy, highly educated workforce, and strategic location in Asia.