Korea Will Have 6 Billion Foreign Investment Every Year

The British `Economist Intelligence Unit` (EIU) released a new investment prospect for Korea, anticipating 6 billion dollars of foreign investment average for 5 years from now based on the solid ground of the manufacturing business.

The report anticipated that Korea would introduce 6 billion dollars average every year from 2002 to 2006. And it picked up communication technology, silver business, and financial service for the most promising sectors of the investment.

In addition, the Korean economic environment will be better if Korea could strengthen the political and economic stability, manufacturing business based on high technology, and large consumer market. EIU pointed out the success is dependant upon how Korea deals with the various regulations regarding foreign currency transaction, lack of liquidity in the labor market, strong unions, and bureaucratism.

Chi-Young Shin higgledy@donga.com