Country Information Export Development Canada Asia and Pacific

South Korea

Wondering where your next market is? You’ve come to the right place.

Evaluating the market in South Korea

We can help you get a better understanding of market activity, relationships and support to grow your business.

EDC Position

EDC Country Position - Open

Open

What this means:

  • Actively pursuing business
  • All EDC solutions are available in this market, subject to regular approval criteria
How does EDC determine the position?

Risk Rating

EDC Country Position – Low Risk

Low Risk

What this means:

The Commercial Country Ceiling (CCC) Risk Rating is measured from low to high, and is meant to represent the best possible rating that can be assigned to a commercial business (obligor) in a country.

How does EDC determine the risk rating?

Business environment in South Korea

EDC has identified South Korea as a key market and is actively pursuing business in the country. South Korea has one of the most favourable business environments in all of Asia due to a relatively strong emphasis on infrastructure, a highly skilled and educated workforce and improved standards of corporate governance. With the Canada-South Korea Free Trade Agreement (CKFTA) now in place, Canadian exporters have preferential access to one of the world's largest economies and are exposed to more opportunity due to tariff elimination in a broad range of sectors. South Korea also serves as an effective strategic base for companies and investors looking to expand their presences in Asia and across its vast supply chains.
International Trade Solutions

We understand opportunity

With our knowledge and solutions, you can take on the world knowing that we've got your back.

Interested in growing your business in this market?

Speak to a Trade Advisor weekdays between 9 am to 5 pm EST.

1-888-220-0047

1-888-220-0047

Or send us a question and we'll get back to you as soon as possible.

Send a question

Alicia McCarthy

Senior Trade Advisor, EDC

Alicia McCarthy  Senior Trade Advisor, EDC