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Korea, Republic of
EDC's Position
Page Content - Key EDC market
- Actively pursuing business
- Open under all programs, subject to regular approval criteria
| Nominal GDP | 1,077.00 Billion USD | | Population | 49.64 Million | | Total Trade/GDP | 117.99% | | Currency | South Korean Won (KRW) | | Merchandise Imports from Canada | 5085.20 Million CAD | | Main imports | Oil & Gas, Machinery Equipment, Semi-Conductors | | Canadian companies assisted | 269 | | International buyers insured | 443 | | Business volume | 2,634.63 Million CAD |
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Page Content Center Right Business Environment
Within the Pacific Rim group of countries, South Korea's expanding market presents many opportunities for Canadian businesses. Canada and South Korea are well-established trade and investment partners. We can assist Canadian businesses looking to tap into South Korea’s growing market.
Key Industries
- Agriculture
- Construction & Infrastructure
- Environmental Infrastructure & Waste Water
- Mining & Metals
- Oil and Gas
- Power
- Telecom
How we can support your business
Through our Head Office operations in Ottawa, we provide support to Canadian companies planning on or currently doing business in South Korea. Our market experts have developed strategic relationships with major buyers in several sectors as well as a network of local contacts in the market.
- We are positioned to help Canadian companies through a range of financing and risk management services.
- Learn more about our service offering.
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Where does this information come from?
The information displayed in this table is extracted from the Trade Opportunities Matrix (TOM), an EDC tool used to rank opportunities based on a range of economic, financial and industry-specific criteria. It is important keep in mind that the TOM rankings refer to potential export opportunities, which may not reflect actual Canadian exports. - TOM is an empirically-based tool that provides an objective and forward-looking analysis of the most attractive markets for Canadian exporters.
- Using up-to-date economic and financial criteria, TOM ranks Canadian export opportunities in 44 industries, across 69 countries.
- TOM provides an objective starting point for export market research, which can be used to complement in-depth industry analysis and sector-specific knowledge.
Please refer to the TOM background paper for additional details.
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