South Korea stakes claim as the investment hotspot for 2012

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Previously termed as an economic and developmental model to many nations, South Korea has overcome poverty and the despair of war in the past to emerge as a country with a vast amount of investment potential.

In 2008, South Korea withstood the global financial crisis which it has since recovered from to an impressive extent, positioning the country in a place of real economic strength.

South Korea has, in many ways, been a closed society for a prolonged period of time, and this is dominantly due to its close comparison with countries such as China and Japan. For the first time, South Korea is demonstrating its industry leadership, allowing a shift away from Japan to at last commence.

South Korea boasts some of the largest and most powerful brands from around the globe, so assuming global growth continues to develop, increasing export demand will improve. This suggests that South Korea will indeed be viewed as a promising investment for many companies.

The majority of the country’s stock market relies on global demand and with the added strength from the Japanese yen at present, South Korean exports are at a great competitive advantage compared to many competitors.

South Korean success is certainly increasing overseas as well. Another point of interest has risen from the Middle East in relation to South Korean overseas constructors. This could be as a result of the country’s market remaining one of the cheapest in the region.

South Korea appears to have the potential to increase its global dominance due to its appealing business environment that is attracting foreign investments.

South Korea is ideally positioned to develop its domestic consumer market and reach peak success through its educated labour force and technological competence, promising to adopt foreign expertise as well.

Transferring money to South Korea

If you are looking to invest in South Korea, think carefully about how you will be transferring money to South Korea. Foreign currency exchange rates quoted by banks are almost always worse than the exchange rates available through specialist currency dealers.

So if you are looking to send money to South Korea – which you will inevitably have to do if you are looking to make a property investment – make sure you compare the market before you buy your overseas currency.

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South Korea stakes claim as the investment hotspot for 2012

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