Monday, December 20, 2021

Private Equity in Korea

Korea currently stands as the fourth largest economy in Asia and ranks 13th globally with over $1.4 trillion GDP. It is also a member of the OECD and G20, and is widely recognized as a developed country, characterized by its free, well-developed capital market, mature legal system, highly educated workforce as well as advanced infrastructure. In addition, Korea is strategically well-positioned in North Asia between China and Japan, underpinned by a strong GDP growth which is at the higher end of advanced economies. During the past few decades, the Korean economy has been fueled by its export-led manufacturing industry. However, in recent years, the economy has transitioned to be more driven by domestic consumption and technology development. Furthermore, Korea enjoys one of the world’s strongest fiscal balances and foreign currency reserves. Its sovereign credit ratings have been upgraded to AA, Aa2 and AA-by S&P, Moody’s and Fitch, respectively, representing one of the highest among Asian countries.

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What’s a Rich Text element?

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