London offers major business opportunities for Korean companies
Apr 3, 2008
Think London, the foreign direct investment agency for London, is showcasing
opportunities for Korean businesses looking to expand and grow in London as the UK capital prepares
to host the Olympic and Paralympic Games in 2012.
London’s economy is forecast to grow by $80bn by 2012 and will offer huge opportunities for Korean companies looking to invest in the capital.
Michael Charlton, Chief Executive, Think London is visiting Korea from 7- 9 April to
meet with Korean businesses and to co-host a session with KOTRA (the Korean Trade Investment
Promotion Agency) to advise companies on how they can benefit from investing in London.
Speaking ahead of the vist, Michael Charlton, Chief Excutive,Think London commented, “We believe that many Korean businesses are well placed to benefit from the investment opportunities presented by London’s predicted economic growth of $80bn by 2012 as well as those relating to the 2012 Games. Think London is ready to support Korean companies looking to take advantage of these opportunities and globalise their business by using London as a springboard into Europe and beyond.
“London is the perfect springboard for businesses looking to go global, with fast access to a range of customers, markets, ideas and finance –all aimed at helping businesses operate on a global scale.”
Outward foreign direct investment from South Korea increased from $4.3bn to $7.1bn in 2006, with London attracting 25 percent of all Korean projects into Europe.
Think London provides free, confidential and comprehensive advice to help international businesses set up and grow in London. The FDI agency for London is able to assist companies who are interested in applying for any one of the 2,000 main contracts and the further estimated 50,000 supply chain contracts available in relation to 2012.
Think London has a well established track record of helping businesses establish themselves in the capital and has helped more than 1,000 companies from 43 countries since 1994. Over the past seven years, Think London has assisted 30 Korean companies to set up or expand in the capital including Samsung Design (click here to read the Samsung Design Europe case study), Hyundai Logistics, Hanjin and Industrial Bank of Korea.
