In a strategic move to position itself as a global hub for innovation and entrepreneurship, the Invest Seoul Government Agency (Seoul Metropolitan Government), in partnership with beSUCCESS, is inviting trailblazing unicorns and growth-stage startups to explore Seoul as their next destination for growth and success. This initiative aims to leverage Seoul’s strategic advantages and robust support system to help companies expand their global presence and tap into lucrative markets.
Why Seoul?
- Strategic Location: Seoul, is a gateway to major Asian markets, including China and Japan. Over 30 major cities are accessible within a three-hour flight radius.
- Advanced Infrastructure: Seoul boasts world-leading ICT penetration, 5G communication networks, and extensive free public Wi-Fi coverage, ensuring seamless connectivity for your business operations.
- Global Brand Hub: Over 70% of global brand companies with cutting-edge technology, such as Samsung, LG, and Hyundai, are based in Seoul, and more than half of the Fortune 500 companies have a presence in the city.
- Exceptional Talent Pool: Seoul ranks as the No. 2 Best Student City globally, providing access to a highly educated and skilled workforce to fuel your company’s growth.
Unparalleled Support from Invest Seoul
Invest Seoul, established by the Seoul Metropolitan Government, offers a comprehensive ‘FDI All in One Package‘ to support your company’s seamless entry and operation in Seoul. The package includes:
- End-to-end assistance includes market research, corporate registration, real estate leasing, and ongoing business management support.
- Substantial incentives for foreign corporations, including cash grants, subsidies, tax exemptions, and the designation of Foreign Investment Zones.
- Access to affordable office spaces through business tenancies.
- Strong partnerships with domestic FDI-related organizations, major foreign banks, and expert groups to facilitate your company’s smooth entry and operation in Seoul.
Success Stories
- Eyeline Studios, a subsidiary of Netflix, recently announced a $100 million investment plan in Seoul, establishing a new video production studio and creating jobs for local Korean artists.
- Through Invest Seoul’s support, Eyeline Studios has been provided with:
- Free office space, significantly reducing initial setup costs.
- Subsidies for employee salaries, helping attract and retain top talent.
- Introductions to potential business partners for project development.
- These comprehensive benefits have enabled Eyeline Studios to establish and grow its Korean market presence successfully.
- Company testimonials highlight the value of comprehensive assistance throughout the market entry and operational phases.
Program Timeline
To ensure a smooth and efficient process, we have outlined the following timeline for your company’s potential expansion into Seoul:
-
2024.06.30: Conduct preliminary interviews to assess your company’s interest in expanding to Korea.
-
2024.07.31: The Seoul Metropolitan Government will hold internal meetings to discuss your company’s expansion intentions and provide detailed information on available support.
-
2024.08.31: Your company will make a final decision on whether to expand to Seoul.
-
2024.09.01: Implementation of the detailed support measures provided by Invest Seoul.
Take the Next Step
- Explore the unparalleled opportunities that Seoul offers for your global expansion strategy.
- Access a thriving startup ecosystem, a talented workforce, and a supportive government committed to your success.
- Let BSuccess guide you through every step of the process and help you unlock your company’s full potential in Seoul.
To learn more about how Seoul can accelerate your company’s growth and discuss the next steps, please complete a brief questionnaire by clicking the link below. This will help us better understand your company’s needs and tailor our support to your requirements.
Upon submitting the questionnaire, our dedicated teams from the Seoul Metropolitan Government and beSUCCESS will review your responses and promptly send you a follow-up email to your provided contact address. This email will outline the next steps in the process and provide you with further guidance on how we can work together to make your expansion into Seoul a resounding success.
We value your time and are committed to making this process seamless and efficient. Should you have any questions or require assistance, our team is always here to help.
We look forward to receiving your completed questionnaire and embarking on this exciting journey together.
Keep tab on latest news in the Korean startup ecosystem & follow us on LinkedIN, Facebook, and Twitter for more exciting updates and insights.
