Establishing a New Paradigm in Foreign Investment Promotion
The new Foreign Investment Promotion Act puts the emphasis on supporting and promoting FDI

1998 - A Record-breaking Year for FDI
Government and business in Korea have turned the financial crisis to their advantage to break all records for FDI

Baek Il
The 100th Day Party

Hwangap
Celebrating 60 Years

• Economy
  - 1999 Growth Forecast Hiked to 2.2 Pct
  - IMF Lauds Korea for Making Progress in Recovery Efforts
  - Korea Posts 2nd Largest Surplus Among OECD Members
  - Consumer Prices Rise 7.5 Pct in 1998
  - Usable FX Reserves to Top $55 Bil. in '99
  - Vehicle Production Forecast to Increase 14 Pct to 2.4 Mil. in '99
  - Economic Recovery Expected in 1st Quarter of '99: KDB
  - Average Wages Drop by as Much as W2.3 Mil.
  - Volatile Market Sets New Records

• Investment
  - Foreign Investment Targeted to Hit 13 Pct of GDP by 2003
  

- Foreign-Invested Firms Show Better Results
- Foreign Purchase of Real Estate Soars
- IFC Invests in Korean Paper Company

• Policy
  - Free Trade Zones Due Next Year
  - Seoul to Introduce Class-action Lawsuits From 2000

• Trade& Markets
  - Trade Surplus for 1999 Set at $25 Bil.
  - Sentiment Toward Foreign Investment Changing
  
• Business
  - Newbridge-GE Capital Chosen as Buyer of KFB

Decline in Industrial Production Comes to Halt in September
Output up 0.3 Pct on 12-month Comparison

Now is the Time to Investment
Werner D. Graessle, the president of the European Union's Chamber of Commerce in Korea on why EU companies shouldn't delay further Korean investment

Courting Japan
The profile of Japanese investment into Korea is set to undergo a massive change.
The consequences for both economies are enormous

FDI Report
December's FDI Figures Cap Stellar Year

A Q&A on the General Aspects of the Investment System

Ulsan, a City Focused on the Next Millennium

Incentives in the Foreign Investment Promotion Act

Economy '99
Domestic and foreign research bodies give a sector-by sector forcast for Korean industry over the next 12 months

• USB (Universal Serial Bus) PC Camera
• High Isotactic Polypropylene
• V-6 Delta Engine 

• Hands-free in-car Phone Kit
• ISA PCMCIA Card Reader and Writer for Desktop PCs
• Voice Pen
• Automatic Plastic Pump 

• Exhibitions in Korea in 1999

• Composite indexes of business conditions (1995=100)
• Industrial activity (1995=100)
• Investment
• Labor and wages
• Prices (1995=100)
• National accounts (based on 1990 constant prices) 

• EZEN : Digital Video Surveillance Systems
• Kwang Shin Industrial Co., Ltd. : Ladies purse