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South Korea

EDC Position-open all programs

EDC's Position

  • Key EDC market  
  • Actively pursuing business
  • Open under all programs, subject to regular approval criteria

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Country At A Glance

Flag of South Korea
Map of South Korea

Country Facts

Nominal GDP1,203.00 Billion USD
Population50.27 Million
Total Trade/GDP105.39%
CurrencySouth Korean Won (KRW)
Merchandise Imports from Canada3,437.65 Million CAD
Canadian direct investment534 Million CAD
Main importsPetroleum, Machinery & Equipment, Semi-Conductors

EDC in South Korea

Canadian companies assisted263
International buyers insured534
Business volume1,646.95 Million CAD

Business Environment

Within the Pacific Rim group of countries, South Korea's movement away from a protectionist economy has resulted in it becoming one of Canada's top 10 export markets. The rapid advancement of South Korea’s economy is well-supported by a highly educated workforce, strong infrastructure and increased standards of corporate governance.  Currently, there exists many commercial opportunities for Canadian businesses and we are well-positioned to assist Canadian exporters and investors looking to South Korea.
 

Key Industries

  • Agriculture
  • Construction & Infrastructure
  • 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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