A majority of Korean companies are happy to operate in
Over 90 percent of 217 Korean-invested companies in
The office of KOTRA, the nation’s trade and investment promotion agency, conducted the survey Nov.-Dec. last year to assess Korean business performance, and disclosed the results on Monday.
Companies like Korean steel maker POSCO and retail operator Lotte Shopping are set to make inroads in
POSCO plans to build a cold-rolled steel plant beginning October 2007 with an aim of completing construction by the end of 2009.
Lotte Shopping, in the meantime, will break ground for its first overseas Lotte Mart in
According to KOTRA, two-thirds of the Korean companies in
Korean companies invested an average $12.4 million to make inroads to
Also, sales of Korean-invested firms hit $1.1 billion in 2005, up about 11 percent from the year before.
``This is largely attributed to their brisk exports to third countries and
``Most of the firms are optimistic about their businesses in Vietnam, but lack of information about Vietnam, communication problems and a sound governmental policy on foreign companies make it difficult to operate there,’’ said the KOTRA official.Sourse: Korea Times