GyeonggiProvince is the region geographically surrounding Seoul, and it has served a pivotal role in Korea's national development in a number of fields, including politics, economics, and culture. 21.7% of the total population of 49 million in South Korea, 10.63 million people, live in the province, and when including the capital, the population totals 23 million, representing 47% of the total population, forming an enormous consumption market.
KimpoNationalAirport and IncheonInternationalAirport, as well as world-class harbors in Incheon and Pyeongtaek create ideal access points to the domestic Korean market from abroad, and to the international market from Korea. The nation's prime industrial infrastructure, including information and communications, transportation (highways and railroads), and the circulation network promises optimum conditions for doing business.
GyeonggiProvince accounts for over 20% of Korea's GDP. This is the single largest level among all local self -governments in the country.
GRDP: 123,744.9 Billion Won (23.9% of GDP), Economically Active Population: 5,050,000 (22%) Approximately 1/4 (32,000) of all Korean manufacturers, including world-renowned companies such as Samsung, Hyundai, LG, and SK, representing a diversity of industrial fields, including communications and information, semiconductors, and electronics, are based in the province. GyeonggiProvince incorporates up to 37% of all companies in Korea.
Considering the supply and demand of manpower, GyeonggiProvince has a 2.9 million strong highly skilled and productive labor force, 18% of all training institutes in Korea, 856 corporate research institutes, and 176 universities (including graduate schools). Such human resources infrastructure means that companies can very easily secure highly educated manpower in advanced technology fields. The province also has large levels of highly educated manpower in information and communications related arenas. The region is the source of 70% of all software personnel in Korea.
For the convenience of investors, GyeonggiProvince has placed public servants in exclusive charge of foreign
investments to readily process the permission and authorization required from the beginning to the final stages of
investment. The province organizes task forces to provide full support for large projects.
The province also employs resources for foreigners, and has established the Foreign Investment Cente rof Gyeonggi, Koreain New York where investors can quickly process civil affairs documentation. The province has developed an ultra-efficient system for attracting and supporting foreign direct investment, by organizing the Foreign Investment Council and by signing an MOU with KOTRA and the Small Business Corporation.